Investors see less chance of new regulations, equity futures writing rising in tokyo and hong kong. In china tries to reassure the Business World that it is open to trade. Concern of the moran sealer approach. Shery breaking out of south korea. We are getting the currentaccount surplus in south korea for the month of september, widening to 10. 21 billion. We had seen a previous surplus at around 6. 5 billion. This has widened to over 10 billion. The goods surplus coming in at above 12 billion. We have seen continued surplus for the current account in south korea. Consecutivee a five months surplus, not to mention exports in october contracted a little, but in september they rose for the first time in seven months. South koreag pmi in so weoday twoyear high, are getting a widening of the surplus. Haidi pcb numbers crossing the bloomberg, betterthanexpected, eating the analyst estimates on the bloomberg, Third Quarter 1ome coming it at just billion, better expectations than 850 million.
Ill kiss at the guys and the beautiful women and everyone. Trump there. Sident welcome to bloomberg, a servant welcome to bloomberg surveillance, im Francine Lacqua. Earnings in the u. S. And that could move some banking stocks. Overall, stop think stocks are dropping. Bank stocks are dropping. Period forbusy corporate earnings. After fluctuating something with workers in the u. S. Gulf heading back following hurricane deltas landfall. A major step towards reopening. News. Get the first word here with me is leighann gerrans. Has announcedon bars and clubs will closed in the worst hit parts of england. His Health Advisorys it wont be enough. He says local authorities will need to take more action to take the virus under control in some areas significantly more. Crossing to the u. S. , the confirmation hearing of Amy Coney Barrett descended into a partisan clash over obamacare, the pandemic and President Donald Trump. She cast herself as someone who puts personal preference aside, pointi
Welcome to the entire committee. Lets check on the markets first this hour. We have run out of steam the dow is marginally to the down side. Down about 31 points in the red. The s p 500 just about even right now. Flat on the day. Level 2798 there the russell 2000 flat as well. As you can see that steam running oult as we rallied so strongly off the lows that we saw just about one month ago lets go to our Investment Committee with the traders here and perhaps well start with you. Youre the one right next to me in this box. What exactly is happening right now. Have we run out of steam for this particular rally . Well, i dont know necessarily running out of steam is a bad condition markets, generally, when they rally significantly need a pause and that pause is generally a consolidation type of pattern in the markets. I think right now, most investors and most speculators are anticipating a rollover and the concern that identify is a lot of people are positioning for that rollover and los
As georgia swings its restaurant and Movie Theater doors back open right now, we are going to get a realtime ontheground assessment and report from the ceo and cofounder of atlantabased wing zone. The restaurant chain with 90 different franchises. Youve got to hear how hes describing the brand new day here in georgia. But as concert venues and sports arenas remain absolutely shuttered still, whats a Live Entertainment company doing . In his first interview since announcing that it will refund Ticket Holders of concerts that had been postponed due to the coronavirus, live nations president is here. What he needs to see before lifting the curtains back up on concerts around the world. Plus there is breaking news on live nation. The Saudi Sovereign Fund has made a big investment in the company. Its a fox business exclusive. We will hear from joe in just a moment. But a true return to normal really hinges on the search and discovery of a cure for the deadly coronavirus. A new player is a c
And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right