Still think that. Travel and we meet with global newsmakers and talk about the stories that matter. There im not clock this is counting the cost on aljazeera to look at the world of business and economics this week mozambiques troubled road to becoming the worlds 4th biggest gas exporter a debt crisis. Society and an islamist uprising near its most valuable gas field. Also this week an epic battle to challenge apples grip on its store a multibillion Dollar Gaming Company taking on the tech giants and the regulators watching from the wings. The mighty dollar. Ends its dominance or is that Wishful Thinking on the road to a currency. In time mozambique will become the 4th biggest exporter of gas but right now is fast becoming the most Unequal Society in Subsaharan Africa the promise of gas riches could not come quickly enough for a nation. Scandal that plunged the country into a currency crisis debt default almost 4 years on the pandemic and insurgency in the far north where the country h
More americans are venturing out. Will the gradual recovery from covid19 hurt stay at home stocks . And a wild ride this week for Nikola Motors after announcing a 2 billion partnership with gm, the focus of a negative report by a shortselling firm whats next for the deal. On the round table, ben levisohn, carlton english and jack howe. Guys, its great to see your Smiling Faces again. Had a little hiccup at the end of august with a bike accident, but im back in the saddle. Ben, what goes up must come down was the story in the Nasdaq Market this past week. Yeah. I mean, it was a bad week for the market, but it was a really bad week for the nasdaq and tech stocks. With the dow finishing the week down 1. 7 , but the nasdaq off 4 . And it wasnt really bad news out there to really knock them down. Good earnings from the Tech Companies that reported from the most part. There was a little fear that stimulus wouldnt happen but nothing that really causeed it to go down other than the it seemed t
More americans are venturing out. Will the gradual recovery from covid19 hurt stay at home stocks . And a wild ride this week for Nikola Motors after announcing a 2 billion partnership with gm, the focus of a negative report by a shortselling firm whats next for the deal. On the round table, ben levisohn, carlton english and jack howe. Guys, its great to see your Smiling Faces again. Had a little hiccup at the end of august with a bike accident, but im back in the saddle. Ben, what goes up must come down was the story in the Nasdaq Market this past week. Yeah. I mean, it was a bad week for the market, but it was a really bad week for the nasdaq and tech stocks. With the dow finishing the week down 1. 7 , but the nasdaq off 4 . And it wasnt really bad news out there to really knock them down. Good earnings from the Tech Companies that reported from the most part. There was a little fear that stimulus wouldnt happen but nothing that really causeed it to go down other than the it seemed t
In spain, new infections slowed slightly but officials are worried about a second wave of covid19, now that the country has emerged from a strict lockdown. In portland, oregon, another night of violent protests. Targeted a u. S. Immigration and Customs Enforcement building, spray painting the building, breaking windows, and shining laser lights on agents. Authorities declared it a ride and used tear gas to break up the crowd. Violence is ripped the city for three months since george floyd died in Police Custody in minneapolis. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following from around the world. A stumbling block for the u. S. Labor market as applications for Unemployment Benefits inc
Democratic candidate for President Joe Biden will make the speech intentionally of his lifetime. The day started down pete with a rise in jobless claims. Yesterday, we saw a surprise bearish reversal. Today, a surprise bullish reversal, all leading into joe bidens speech. Morning,earlier in the we had stocks down a little bit as the initial jobless claims came back in above a million. But we had a turnaround. Thanasdaq closing up more 1 , so perhaps some folks hoping that those unfortunate job numbers could force congress to approve a stimulus package sooner rather than later. Nasdaq up 1. 4 . , the newa cap index York Stock Exchange faang index, up about 2 . Facebook,habet, amazon climbing higher. The stayathome trade back in the lead. Russell down half a percent. Interesting way for the gains to happen. Perhaps not the healthiest. Financials, industrials. All about tech. You were mentioning the dnc tonight. Joe biden making potentially what will pd speech of his lifetime. Going into