Worldwide trade has been slashed. Postnba future, we will hear from lebron james. Feeling more risk as we head into the last trading session of the week for asia. Lasttrading flat after the halfhour of frenzied gains, s p 500 up 20 loss in the previous session. Nikkei futures at the moment looking flat. Dollaryen holding at 107. Gainingg dollar index with the exception of the kiwi and aussie dollar. It feels like we will see modest over in spite of concerns increased virus numbers, particularly in the u. S. And globally we are averaging 150,000 new cases per day. The underscores uncertainty. The senate in the u. S. Approving a bipartisan bill that would limit banks doing business with chinese officials involved in hong kong. Tom mackenzie is in beijing. It still has to be signed into law. Given unanimous consent, how likely is it this will be enacted . Tom very likely at this stage. It has bipartisan support in the house and it has been signed off in the senate. It will end up on trump
The Leadership Group right now so joe terranova, i go to you on that note, the melt up in tech seems to be picking up we asked the question whether the growth tech stocks wrestled the market back from value and then thats where the money is going to be made Going Forward clearly the mega cap growth names have wrestled the market back theres an added dimension to it, scott, being popularized in a lot of Research Notes im reading. Pippa stevens of cnbc has a great report element of esg investing and something i didnt think about in prior weeks but if you take all the esg funds, the largest esg etf, its popularized by all the names that youre talking about. The apples, the amazons, the microsofts, so theres an added element to these hyper growth names that are not just about the quality and the cash Balance Sheets and the very visible return to Earnings Growth but an importance as it relates to social and governance and youre seeing a significant amount of fund flows into esg and thats ev
Its worth the risk of a recession to get a big deal done out of control, Jeffrey Gundlach has strong words ahead of this weeks big jackson hole symposium and then tech under fire as well it is wednesday august 21st and Worldwide Exchange begins right now. Good morning here is how your money and the Global Markets are up, the dow will open up around 140 points the s p by about 17 and the nasdaq by around 63. We could get back most of what we lost yesterday. This after the dow and the s p snapped three day win streaks. The nasdaq coming off its first down day in three. The bond market certainly a key focus as well. And the current yield floating below 1. 56 . 1. 59 the last trade there, 1. 539 if you take a look at that yield, its maybe just a bit wider than it was over the course of the past couple of weeks. It is the president front and Center Taking on everything from trade war to the fed to the state of the u. S. Economy. Nbcs tracie potts joins us now from washington. So tracy we ca
Day. Its been up closer to two thirds on 1 ago led by ai chip leaders brought, and nvidia, the ai winners and consumer and financial names celebrating the j Paul Press Conference yesterday. Potential soft laughing landing. Index will be higher still if not for the drag from apple. That takes us to our top take. Antitrust threat to apple, the real thing. How might you change the equation more broadly . It protects market leadership at our tech correspondent stephen apple shareholder are here to stop that. Lets turn to steve for the details of the case and, steve, its a broad one. Thats why we are seeing the reaction to shares that we are seeing today because, look, this covers just about everything apple makes. Talk about imessage, sera, apple tv plus, the advertising business on and on and on, they make a case, the deal date does that just about everything apple does is designed to keep people locked into the ecosystem and upgrading their iphones and hindering competition whether that
Sector. Demanded december constrk the ceo joins us with what he is seeing now and what he expects from here. Lets start with the markets, though, and dom chu has the numbers. There is some green out there, kelly. Its a reversal, because we did see modest gains earlier. The dow up one half of 1 . 127 points to the upside, 33,679. The s p up about 30 points, three quarters of 1 gain. And just to put those moves in context, we were up 43 points at the highs of the session. Down ten points at the low. So theres your trading range so far, tilting towards the higher end of things. The nasdaq outpacing the whole market, up 140 points. One of the places to keep a close eye on is the oil market. You are seeing u. S. Benchmark is in the red down by 1. 5 . But at one point today, on an intra day basis, we did hit the highest levels going all the way back to august of 2022. Keep an eye on the oil prices. Again, lower for the day, but did hit the highest levels since august of last year at one poin