Progress. A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors have cheered the cut, the dowjones industrial the neck i added 1. 5% in us dot markets. And the s&p 500 rose to all high times. Bbc s samira hussain has more from new york. 0ur the s&p 500 road i. 7%, the s&p 500 road i. 7%, extending this years gains to 20% and meanwhile the dowjones surged over 500 points to topping 32,000 for the first time in the majority of industry groups closed out the interest is higher and big tech outperformed as it was spurred to investors return to risk on mood and tesla gained 4% and more than 7% respectively. Stocks traditionally tied to economic growth jumped withjp economic growth jumped with jp morgan economic growth jumped withjp morgan chase and ca
A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors are cheering the federal reserve s rate cut. Here in asia, japan s nikkei 225 index added around 1. 5% in early friday trading. Us stock markets have also jumped, with the dowjones industrial average and s&p 500 rising to new all time highs. The bbc s ritika gupta has more from new york. Us stocks reached a fresh try and the 500 rose 17% extending the year again to 20% and the dowjones surged over 200 points topping 42,000 for the first time in the majority of industry groups closed out the session higher and big tech outperform dusty rate spurred investors to investors to return to a risk on mood and tesla gained 4%. Stocks traditionally tied to economic growth also jumped traditionally tied
Protesters in hong kong one help from President Trump. Thousands of them marched peacefully to the u. S. Consulate today to appeal for the president s assistance. New figures are showing the demonstrations impact on the economy. A number of visitors to hong kong plunged almost 40 last month. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 6 00 in london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Speaker of the house john bercow stands down by october 31. He has been an important figure in steering the process. We have a roundup of the latest news. New management, same strategy. The new Saudi Oil Minister promises no change to oil policy as the kingdom makes a step toward its ipo
It and. Youre. Pretty sure. Its going to happen because the media and the democrats a bunch of cool. Also coming up tonight facebook has your data now were going to look inside your wallet to. Certainly trust is very important and i think facebook given that its one of the Largest Companies in the world i think will have the trust of most of the worlds population whether they deserve that press or not is another question. Told to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the u. S. President rallying and requesting voters to give him 4 more years tonight in Orlando Florida president officially launching his Reelection Campaign trump in his element surrounded by fells of adoring fans in a sea of red and white magic caps shelving make America Great again we have complete coverage tonight of his official reelection launch we want to start in orlando where my colleague alexander phenomena joins me good evening good afternoon to you a
Under a single streamlined currency now over a dozen global firms will invest in and govern the currency including master card vodafone and as group will supposedly wall off control of the currency from facebook itself the new coin will be pegged to a basket of global currencies such as the dollar and the euro with the intent of shielding it from the wild fluctuations that are plagued big and scared off many average investors the big question will it catch on facebook is betting that the scale of its social Network Alone with 2400000000 monthly users will forge a new huge marketplace for streamline purchases and exchanges the social network is also says that libor will help to bridge the socalled banking gap giving the 1700000000 people around the world who do not have a bank account a secure alternative to cash so why a crypto currency heres how facebook c. E. O. Mark zuckerberg 1st publicly frame the idea a few weeks ago. I believe that it should be as easy to send money to someone a