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Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watc ....
Big buy call on a burger joint you know there it is. Its yours mystery chart we start with a developing story on uber and lyft both stocks shooting higher after a Big Court Win in california deirdre bosa has more. Reporter until just a few hours ago it looked as those california riders and drivers would wake up tomorrow to a ride sharing blackout the court blinked, granting youtuber and ly e er uber and ln extension to continue to operate with drivers as independent contractors despite new regulation it is a win for uber and lyft in the shortterm it suggests that their threats to shut down service in california over the last week worked just hours before the extension, lyft told its drivers and riders it would be suspending services at midnight because the change would necessitate an overhaul of their entire Business Model and wasnt a switch they could flip overnight. In reali ....
It is almost jarring. Back monday. Alongside lisa abramowicz, im jonathan ferro. Tom actually dropped me a message this morning at about 4 00 a. M. , looking at the price action and this rotation we have seen. I think its got everyones attention. Weve had a fake after head fake. Is it real this time around . Lisa every investor we speak to says buy any dip. Buy the big tex stocks on any dip whatsoever the big tech stocks on any dip whatsoever. Now people are going back into them. You have to wonder what it would take to make people truly believe in the cyclical story. It has to come from the data. Data just isnt there. Jonathan i think you have to get a lift in treasury yields. That takes Economic Data and real improvement. That is where thanks stalled in early june. Lisa i will also say the reason why tom keene was messaging you at 4 00 a. M. Is because he doesnt want to actually move up on floor. If i had to move, i would also be ....
Of the council on foreign relations. Her fourth book is a revelation. Who acts next in this backandforth . Jonathan the administration has been dancing around the issue of the trade deal announced back in january. The president has stopped dancing around the issue. It means much less to me. He repeated that about three times in a News Conference yesterday, and i wonder how that message evolves in the coming weeks and months. Tom i thought it would be a lazy friday, and i was wrong. Let me give you two quick ideas. Of thew the donnybrook republicans in washington. That will be china as well. And we have statistics which speak to the summer of 2020. Honeywell is without question one of the best run companies in the world. They organic Revenue Growth was 18 . You dont need to know anything else. Jonathan we will get the earnings a little bit later in the program. Equity futures ....