Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Objection. The senator from ohio. Mr. Portman thank you. Mr. Portman thank you. Im on the floor today to tug about the coronavirus pandemic and what we can and should do here w in the United States sene and congress as a whole. To actually address the ongoing problem. We are not out of the woods yet. We have a Health Care Crisis and of course an economic crisis as a consequence of that. We have done some good bipartisan work over the past six months. In fact not many people realize the past five or six bills with strong bipartisan majority. What people know about most is that it is when the cares act to gut 97 votes here on the floor of the senate, 970. So we have in the past been able to figure a out a way to come together as republicans and democrats as americans to be able to address this crisis. We need to do it again because we still do have a crisis. We still do have an acceptably high levels of people getting in fact did, hospitalized in being in the icu fatalities in their econ
Even how many hamburgers you can eat. They want to defund the police and take away Second Amendment rights. They want Free Health Care for illegal immigrants. Yet they offer no protection for unborn americans. They want to pack the Supreme Court with liberals. Thiswant to codify all of by making the swamp itself, washington, d. C. Americas 51st state. With two more liberal senators, we cannot undo the damage they have done. Democratsderstand why spent an entire week telling us about who joe biden is, not what he intends to do. I am immensely proud of the work the Republican Senate has done. We are the firewall against nest Nancy Pelosis agenda. We will not be bullied by a liberal media intent on destroying americas institutions. We will stand our post on behalf of millions of americans whose stories are told in americas newspapers whose struggles are just as real. We will continue to support American Families as we defeat the coronavirus and return our economy to the envy of the world.
And the recent peak last week up more than 80 . Some investors taking trips off the table. The 10 year yield down. It does not feel panicked. It seems more orderly. If below that, it could get disorderly but right now, orderly selling. You mentioned froth the market when it comes to tech. Any indication that comes out so far question mark they are still so far . They are still relatively high. Relative to technicals, it seems the buyers are trying to step in even with the sellers at work. Nasdaq 100 holding its moving average. Apple has not touched that support line. We could see some selling pressure but we are likely to see the market hold up so long as they are in place. Tech has taken the spotlight away from oil. Oil is down today more than a percent. It is something to keep in mind. It is risk off but oil is very sensitive to the economy. This is one time investors may be nervous around the economy. But overall, orderly and risk off. David lawmakers return to washington with a ful
Gold going back higher as the dollar is lower. Some of the trends we have seen more in place recently are still in place today. Investors are waiting. David we will also get some q2 gdp numbers. I will ask you about gold because it was a big story yesterday. But i have to tie into the dollar. What is the dollar doing . Abigail the dollar is down. The dollar index itself is about flat. The difference is in the euro weighting. The trend on the euro has been down but so much so that we have Goldman Sachs saying perhaps it will lose its status as a reserve currency. In the past, sometimes it is a signal it could be stabilization or a move to the higher. That is supported by the technicals. Relative to the fed tomorrow, will they give any policy move . Very unlikely. They did extend their emergency loans, so that is probably the bigger news. The 10 year yield at this point has basically been flatlining since march. If anything, it appears its bias may be to the upside. That could support th