Rally has fed into crude. Propelled thates price. People look beyond the covid to a look beyond to a returned to normal. Gold pretty much stable appeared bitcoin at record highs. Up about two thirds of 1 . We have a u. S. Dollar index unchanged. Lets have a look at the copper price. Copper advancing. The highest price and a more than six years. It is under president elect joe bidens formal transition. The hope is there will be a move toward a Lower Carbon Energy future. That britain the outlook for its demand. As has what is going on in china up. Joining in all of that. Lets have a look at the transition in more detail as we get over to new york and join Karina Mitchell for the first word news. Introduced biden has his foreignpolicy and Security Experts as he seeks to calm relations with International Friends and foes. The president elect is promising a multilateral approach, reversing the America First tragedy of the Trump Administration. He will prioritize ending damaging executive o
Policy speech. The city faces rising infection rates and a clamp from beijing. Joe biden names his Foreign Policy and Security Team as he with to calm Relations International friends and foes. He says america is back ready to lead. Haidi lets look at the set up at the start of trading. We are seeing some green shoots at the open, about. 4 higher. Global stocks as well as asian stocks continuing to be on a tear. We are watching keenly for developments in kiwi assets, given we had the rbc releasing its semiannual stability report. This is pushing the kiwi dollar higher. U. S. Ashed through . 70 yesterday and we are seeing expectations of negative rates dissipate even further. Unlovedtors rotate into areas, it may not mean the end of things that have been successful so far. John praveen is Portfolio Manager for qma. He joins us on the phone from new york. We are talking about what happens to big tech given the rotation trade gaining a more solid footing. Is it the behavioral changes, chan
The protest continues for a 21st weekend. We are standing by for Election Results in argentina where the president is under pressure. We will be live in buenos aires for the latest. Paul lets take a look at how we are shaping up for the start of a new trading week. Higher. 1 . Pointing we did of course the u. S. Equity markets finishing in positive territory on friday. Earnings season progressing better than expectations. Nikkei futures trading out of chicago, stronger by. 1 and the kospi looking to be in positive territory. No trading in new zealand. New zealand markets are closed for the labor day public holiday. Lets check in on four times. Su firefighters working to contain blazes. Nearly 200,000 people. Homes in and one winery have burned to the ground. Governor gavin newsom has declared a state of emergency with nearly 3 Million People without power on sunday. The result of argentinas election is respect expected. Facing opposition from alberto fernandez. This is on the backdrop
Of yields, and the question for the market is this. Is the fed a shoe in in terms of the rate cut that we expect . By the way, does anyone care about a 1 trillion deficit in the u. S. . Yousef the winds of change are upon us. That is what the folks at Morgan Stanley say, their chief equity strategist put out the notes. The returns from u. S. Growth were surpassed by their expectations. Lets get to some of the other market action, and a bit of a rep from hong kong with sophie kamaruddin. Sophie asian stocks are extending, but we are seeing volatility with tracking lower. Bojhead of the fed and the meetings later this week. Results. D see solid check out hsbc, the stock falling in the afternoon section. The stock edged higher in the morning session. I just want to highlight the continued selloff in chinese bonds as well. The 10 year yield dumping the most in the six months, with momentum. Oficymakers are wary aggressive stimulus. Worsening chinese Economic Data could strengthen the bull
Series planet of the apps to talk about this move lower today for snap and in general back down to the ipo price. A lot to talk about with jeremy liew. And bitcoin investments. Hes hot on bitcoin right now. A lot of that coming up in a bit. Plus, alibaba is hold be an avent to attract u. S. Entrepreneurs. The vice chair of the company joe tsa i will join us for an exclusive interview with david faber to talk about that strategy the latest now out of washington and theres been plenty of House Speaker ryan, are you saw that speaking to cnbc last hour about tax reform heres what he told Brian Sullivan when he asked him if he would support a push for a 15 Corporate Tax rate. I would love it if we could get the numbers to make it work. Do you think you can . Im all for it, something thats actually possible were going to spend all summer long drafting and getting what we call scores, getting the numbers to work. We being the house tax writers, the senate tax writers and the white house and t