The s p 500 below its 100 Day Moving Average, suggesting it could follow that the german dax below the 200 Day Moving Average. There is a bright spot. That is the fact we have bonds basically come at this point they are slightly lower. We have a haven bid. The dollar at the highs. The dollar had been appointed percent. 8 since june. Bonds have been higher, the best week since august. This week is shaping up risk off. Aix the public was david couple of questions. What is going on with volume and volatility . Abigail i am so glad youre asking about volume. I was looking at the apap function on the bloomberg terminal and we are above the average volume. Sellers mean business. Upfor volatility, the vix is , the nasdaq 100 fix up above 40 the nasdaq 100 vix headed toward 45, heading for its biggest spike since july. The selling pressure is serious. Because we have signs of weakness in europe along with the s p 500 being below its moving average, the near and medium term buyers are holding o
Treasury secretary and Federal Reserve chair paul testified on the federal governments response to the corona virus pandemic. Including the impact of the Paycheck Protection Program on Small Businesses. From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not t to meet its members except where a member is not being recognized. If there is inadvertent background noise. Members on the platform are reminded that they may only attend one remote hearing at a time. So if you are participating today, please remain with us during the hearing. Members should try to avoid
From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not t to meet its members except where a member is not being recognized. If there is inadvertent background noise. Members on the platform are reminded that they may only attend one remote hearing at a time. So if you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the meeting particularly during the question period. If during the hearing members wish to be recognized, the chair recommends members identify themselves by name so as to facilitate
The outage cast further doubt on tokyos hopes of replacing hong kong as the equities leader in asia. Japans lost generation. We open a business week report on the people shut out of the employment market in their continuing to search for directions in middleage. Haidi lets take a look at how things are setting up in this fridays session. Of course, a whipsaw week when it comes to u. S. Markets. A lot of travel when it comes to asia. Tokyo to resume trading today. Sophie that is the case. That would be the focus on a case that has several markets closed for the midautumn festival. Japan very much and focus after the start of the fiscal second half was marred by nikkei futures in chicago edging slightly lower ahead of that potential session. The closing prices for wednesday will be the opening prices for thursday. Arkets are also watching for third extra budget in japan. We have jobless numbers for japan along with Australian Retail sales. Above 675, this after it edged towards 673 overn
Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi