Japan hits back with an arrest warrant. Kathleen and the latest results from samsung. Shares remain close to an alltime high. Australian markets have open. Sophie, what is the latest . Seeing oil names with the declines along at the start of trade. Checking in on whats happening with the aussie dollar, looking flat after its biggest drop since august. , this morningline still below the level as we anticipate more policy support from beijing. Gold looking likely to continue. First words get the news from new york. The effect of the bush arsenal shag are being felt halfway around the world. About 12,000 kilometers from sydney. Five have killed at least one for people and up to a billion animals. They are generating their own west or system whether systems that can in turn ignite new blazes. The internal investigation that led to the ouster was never about finding the truth and he wanted to be interviewed himself as part of the probe. Hes promising to name people he said engineered a coup
No more work for wework boss adam neumann, he is quitting a ceo saying it is in everyones best interest. Kathleen lets get a quick reminder of how u. S. Stocks ended the day. It was all about politics. Geopolitics. The dow jones losing a half percent. S p 500, nearly a full percent. Drop pointl, the 10 in Consumer Confidence in the u. S. Our people worried about the trade war . Yes. Donald trump increasing the downward pressure on stocks when he gave his speech at the u. N. General assembly and started talking about wanting free trade, reciprocal trade with china. Criticizing him for heavy state subsidies and more. Social media platforms that hit the tech stocks, stocks across the board. Bonds down sharply. Tuesdays market volatility came to a head when news of nancy pelosi would launch a formal impeachment inquiry as she made that official moments ago. Speaker pelosi the actions of the Trump Presidency revealed of the president s betrayal of his oath of office, betrayal of our nationa
Costs in the slowing economy. The loan prime rate tracks credit of trustworthy customers. Shery we will discuss the crackdown by social media giants and what they called a china backed effort to undermine the protests in hong kong. First, lets get you started with a quick check of how the markets closed the monday session in the u. S. The s p 500 gaining more than 1 for a second session. Every sector in the green, led higher by energy and tech stocks. Oil rallying after a drone attack in saudi arabia. That really highlighting middle east tensions in the oil market. The dow gaining 250 points. The nasdaq up 1. 4 . More optimism over the trade fund. That is filtering in through the u. S. Dollar which was higher throughout the session. Taken to another level, the highest this year after the boston chief eric rosenkrantz sounded a more hawkish tone. See how things are shaping up for the as markets. Sophie asian futures are trading mixed with tech very much in focus after semis rallied on w
Off leading rival boeing 13 billion to zero. Well hear from boeings boss. Kathleen and the trade war. It doesnt sound too great when it comes to iphone demand in china. How u. S. Stocks, there were small gains across the board. Of course facebook, news that it is getting ready to launch a crypto currency helped stocks apple and google moving ahead. You can see the dow jones frill average down 22 points for the s p 500. Again about three points for the s p. The nasdaq was the biggest gainer. , you can see the futures point to strength there. Another big story today, Deutsche Bank getting ready to cut back on equities trading. This is something that didnt help the banks much. Why are we showing the 10year note yield . It is holding in around 2. 09 . News from china, did have a dampingening effect in the foinl few hours. Mostly people are positioning for the Federal Reserve meeting. How dovish will the fed be. Bank of japan meeting this week. Bond markets of the u. S. And around the world
China t was legal to manufacture fentanyl up until early march. Fortunately our state department and others, you heard from omdc earlier helped to change that so we can get cooperation to reduce the flow t hasnt reduced yet but we have a ways to go. Fentanyl is 50 times more powerful than heroin. One gram is like 50 grams of heroin. It can be shipped in the mail. Shipped in commercial carriers. Fancy way of fedex, dhs, not Postal Service but other ways you ship packages across borders. It is shipped directly to the states or it is shipped to the canada and mexico. The wall street journal, you know theyre all about business, reminds us this is a business. The raw products cost about 1000 for fentanyl can be sold on the streets in the u. S. For about a million dollars. Thats pretty big profit margin and that motivates a lot of behavior. So i think as much as we can focus on the supply we better do something to help people in recovery so there is less of a demand for these products. I wan