Now. Is the work from home trend here to stay or just a temporary blip its random but interesting. Well bring you the results coming up on this monday, september 28th, this is Worldwide Exchange right here on cnbc. Thank you for joining us on this monday. Lets get right now to your monday money and stock futures are higher dow futures up about 229 nasdaq futures on a percentage basis are up slightly more but do keep in mind we could see a lot of people not working today and volatility does tend to increase particularly in the morning. And the big loser lastweek was not stocks it was the medals. Gold and silver losing a lot on inflation concerns silver down a bunch last week as well not seeing a big move today maybe a slight move to higher in some of the medals gold down about. 7 of 1 now lets set you up for the week with what were going to call the wex watch list. Thats our internal name for Worldwide Exchange get it w. E. X. This is the most important thing for you this week. Now all
End. Reversing what we saw last week, 128 handle on the cable rate. We saw bank of england pushback earlier. Eurodollar, we are trying to get a 116 handle. 11645. The virus is setting the tone for growth in europe. Global covid19 cases are topping 33 million. We are nearing one million in death. Angela merkel warning germany could face more than 19,000 cases by christmas. The u. K. Health minister refused to allow more restrictions despite lawmakers pushing back against government curbs. Joining us from brussels maria, what have we learned about restrictions from different governments . We havent really seen anything new except for what was already announced last week. It has deftly changed in terms of perv Public Perception and tone. Story making headlines across europe is that warning from Angela Merkel that she is concerned about the virus. She is concerned about the number of cases we could see heading into winter and flu season. You have that number narrow there at 90,000 perhaps
Table . Speaker pelosi says theres a chance she and the treasury secretary can still reach a deal later, pause for tiktok why a judge sided with bytedance and blocked the Trump Administration ban. Futures do imply a big open to start this monday morning of course, coming off the first fourweek decline of the year. Mike, you did some writing over the weekend. Largely about the degree to which september is doing the job its supposed to do. That being the sort of pause that refreshes the argument here is that if we came into september with the markets at record highs and everything looking very stretched to the upside and sentiment and the technical position of stocks and maybe even hopes for an immediate stimulus and this fourweek decline has largely reset a lot of those factors right. You have sentiment very muchal coo acooled off and huge short position develop in nasdaq futures and pretty much 180 degrees on that front. I would say back in the neutral zone, not necessarily super beari
By was johnsons plan passes its first hurdle in parliament. But he faces big obstacles in the house of lords. Heated debate President Trump clashes with california state officials over whether Climate Change is causing wildfires in the region. And the acts falls at the the citi,lls at citigroup resuming job cuts. Anna absolutely, lets talk about the jobs market, specifically in the u. K. , we are getting jobs numbers coming through. Jobless claims arising by 73,700 in august. To give you some context to that, that is lower than the previous number. In the prior month, jobless claims numbers rose by 94,000 in july. Perhaps if you are looking at that rate of change or the pace of the surge we have seen in jobless claims, it is not as much as last month, but we are living in a very strange o job market in the uk given the furlough scheme that is keeping in a lifesupport certain businesses thereby limiting the number of jobless claims. In the unemployment rate, the same applies. For threeo
Papal confirms that its bailing on its crypto currency program. And why analysts think thats a wise move. But first to our top story. Lofty investment goals thanks to mashayoshis san. He tells any kay business the results still have a long way to go, and ma makes me embarrassed and impatient. Er used to envy the markets in america. Theres no excuse for entrepreneurs in japan, myself included. Joining me is sarah mcbride. What was your key take away from this interview . Sarah it turns out that msasyoshi was asked more broadly about the japanese environment, and so you can interpret his results to be more broadly, why arent there more entrepreneurs in japan . Why isnt the startup scene as vibrant as some of the places he mentioned southeast asia. There are a number of unicorns out of places like singapore and its just hard to see anything similar in japan. So in that context, i think you cant say, oh, he was just upset at himself over the vision or something narrow like that. Taylor rem