Good morning, im dominic chu. It is your money, your vote. Brian are s Brian Sullivan is live in grand rapids first, the dow implied higher by just around 100 and so points here the dow coming off more than 420 point gain to kick off another month after its worst week since march. The s p 500 also higher by more than a percent just yesterday. We are also watching the treasury side of the equation as well yields holding relatively steady at least for this time being around the world, a sharply higher session overnight in asia with the hang seng and kospi posting near 2 gains. You can see there on the map a very positive day generally speaking for asia. And green also on the european side of things with 2 gains for the cac in france and nearly 2 for the german dax and ftse 100. But back to the campaign trail and the future of the american presidency and congress now in the hands of us, the electorate amid record breaking early voting and key state Supreme Court ruling in texas, the candi
Company ipo in a year, if approved by President Trump. Is this ride hailer. Eeking to shore up cash haidi lets look at how we are setting up for the final trading session of the week in asia. After a pretty lackluster session, we had u. S. Stocks passing some of those parsing some of those losses, still dropping for a second day but finding support after bouncing off the 50 Day Moving Average on the s p. S p futures seeing a little positivity on the u. S. Fridays session, about 0. 2 higher. Tax leading the client is apple, facebook and peppe microsoft are weighing on declines. We saw a Little Movement in treasuries as well. In asia, the nikkei 225 is seeing an upside, 0. 1 when it comes to futures trading in chicago at the moment. Dollar weakness yen strength will be an issue, the. We have the yen appreciated to the strongest level in six months across broad dollar weakness. The u. S. Dollar index falling for a fifth straight session. We are also keeping watch on the dollar and how it
Weaker byh pound is 9 10 of 1 . Picture withig tina fordham, avonhurst partner and head of Global Political strategies. She joins us from london. States we are 57 days away from the election and still no stimulus insight, even though the senate is back. It does not look like the president and democrats are ao any page that would be considered similao similar. Where do we go from here . Tina i think another round of stimulus should be a foregone conclusion. This haggling we are seeing, Congress Just back from recess, is what you would expect to see. Each side wants to see they are driving a hard bargain. Look at the language used by the two different sides. Republicans say the president wants nothing more then to write checks for american families. Democrats say the stimulus is not just skinny, it is emaciated. But we are going to get there because we have to. Ands a political imperative not just an election year, but with an election coming days nobody wants to pull the plug. Vonnie it
It looks at how much your asset appreciated and the fact that you can only pay tax on what remains. David you will pay a Capital Gains tax, but it will be inflationadjusted. The president says that will create a lot of jobs. Why would it . Laura economists dispute that point and say it does not do much for Economic Growth and incentivizes old investment, not new investment. In terms of the jobs and when economists model this out, it is mainly. 1 for the long run. David how does congress feel about this . Congress gets to decide about taxes. Is there support for this move at least by republicans on the hill . Laura there are some republicans that supported this. Ted cruz has been putting the Trump Administration to do this. This is not political really viable this is not politically viable in congress. You look at joe bidens tax plan, it would double the Capital Gains tax rate. The president saying he is seriously considering this. If he has the power, why doesnt he just do it . Laura i
Australia expresses to concern over a report china could slip duties on its exports. Lets get you started with a quick check of how markets are trading. U. S. Futures are under pressure, falling. 3 , after the first weekly gain for u. S. Stocks in three. This comes after the abysmal u. S. Economics data, the highest Unemployment Rate since the Great Depression. Next messages when it came to trade mixed messages when it came to trade. They had a constructive phone call with chinese officials on trade, but President Trump casting doubt. We are seeing oil under pressure, down. 8 . Aroundthe moment holding 24 a barrel. This as we saw the back to back weekly gains since february. Lets get to the latest on coronavirus pandemic. Mikeberg is being told pence is selfisolating away 18 he white house after after an aide tested positive for the coronavirus. We have seen several cases where several aides have tested positive. This has rattled by the administration this this has rattled the administ