Out his vision to drive new Economic Growth and draw hong kong closer to the mainland. Offapple takes the wraps the iphone 12. And pricey. Analysts say it could trigger a new wave of sales. Haidi all right, lets take a look at how we are setting up going into trading, and australia, weakness as expected with equity futures. About 1 10 of 1 . Reasonablethere were earnings out from banks, putting an end to the stalemate and a contention over another round of stimulus with the white house and democrats in disarray over negotiations. The aussie dollar also trading 158, and we heard from the australian treasurer speaking earlier, commenting on the tensions with china, saying the relationship has been challenging but that it is vastly important and a relationship of mutual benefit. We will continue to watch that and others, as well, given the concerns about the import ban when it comes to australian coal into china. Kiwi stocks, modest to the upside. Going from strength to strength. Of cours
Yields crumble this move lower has huge implications on commodities, rates and multinational stocks tim, you say this is the sloppiest chart in the market right now. Why . This has not been orderly sloppy for the dollar is not something we should feel confident about. In the shortterm, i think the dollar is oversold i think we could see the dollar bounce a bit but i think this trend is intact i think its supported by some of the fiscal dynamics and really also a current account surplus in europe that people kind of forget about and banks that are a bit better in europe. What does this mean for oil . We forget that oil was really the asset class that led us down into the abyss this was a sunday evening when people were concerned about the rest of the world and you saw that saudi and russia were not going to deal with oil prices. What it meant for asset prices around the world and certainly for hard assets is very dramatic oil is the last to recover these charts have been consolidating.
We start first with technology on a tear as we kick off the second half of the year. The nasdaq composite hitting a new record high in todays trading led by gains in the fang names. Facebook, amazon, netflix, al a alphab alphabet, all higher can we expect more highs ahead well turn to you first, guy does this resonate with you right now, this notion that its the mega cap tech stocks that continue to be the leadership in the kind of market we have today . You know what resonates with me i hear your voice, tom, but im looking at engelbert humperdink. After hours, guy, this is what it looks like. Im liking it you have to be impressed with the market as well does it resonate with me absolutely im not going to pretend ive been bullish theres a metallica song from 1982 nothing else matters. Nothing else matters but the fed and the fact we have this passive investing that continues to work apple is in close to 280 atf facebook is in about 220 etf and 170 of those facebook is one of the top 15
Coronavirus. Germany its 1st big the restart did this goalkeeping. Important victory. Im still girl welcome to the program Chinas National Peoples Congress has overwhelmingly passed a platen giving beijing the power to impose new restrictions on public protest in hong kong prodemocracy advocates say the law violates the freedoms promised on the Hong Kong Special one country 2 systems status in a joint statement the United Kingdom the United States australia and canada said the new legislation would curtail peoples freedoms and dramatically erode the chinese territories autonomy. In the house. Legislative counsel a democratic lawmaker has struggled to get past security guards with a bag he said it contained a rotten plant symbolizing what he said was the decay of hong kongs rule of law and way of life chinas latest move against disobedience is imposing National Security laws on hong kong the National Peoples Congress Approved plans to move forward with laws against things china sees as
Until gail welcome to the program Chinas National Peoples Congress has overwhelmingly passed a plan giving beijing the power to impose new restrictions on public protest in hong kong prodemocracy advocates say the north violates the freedoms of Hong Kong Special one country 2 systems status in a joint statement the United Kingdom the United States australia and canada said the new legislation would curtail peoples liberties and dramatically erode the chinese territories autonomy. Disorder in the Hong Kong Legislative Council a democratic lawmakers struggled to get past security guards with a bag he said it contained a russian plant symbolizing what he said was the decay of hong kongs rule of law. And way of life chinas latest move against disobedience is imposing National Security laws on hong kong the National Peoples Congress Approved plans to move forward with laws against things china sees as a threat to its authority over hong kong the law would allow mainland security agencies to