Arrows dow futures indicated down by about 260. Weve seen down 300 this morning. Nasdaq also down sharply down by 200 points and the s p 500 down by about 37 so significant declines after two other days of losses also playing out in the treasury markets as well. If you want to take a look at what is happening there, yields have gone down, right now the ten year is yield iing below 0. a lot of this has to do with renewed lockdowns in europe. Lets get to karen cho who has more on what is happening there. Thank you very much we are witnessing losses across the markets as we contend with more news flow around more severe restrictions. Weve been hearing the last couple hour 24s that there may moves announced later on today, reports from various Media Outlets suggesting that london will move to a tier two restrictions the london mayor has spoken suggesting that the Health Secretary will reveal the changes in the house of commons. No mingling between households currently there is a rule of si
The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
42yearold record what is that speaking with one band taking Live Performances out of the clubs into your living rooms it is friday, july 24. This is Worldwide Exchange on cnbc good friday morning, afternoon or evening welcome from wherever in the world you may be watching. I am brian sullivan. Thanks for ending your week here let us start with how your money is shaping up. Futures are lower right now. It looks like a continuation of steep declines the s p 500 snapping the fourday win streak. 85 or 85 of the nasdaq 100 dropping yesterday the socalled work from home trade getting hit hard citrix systems, zoom all falling back in the premarket with stocks down, what has been working . Gold gold just keeps running higher in fact, the highest trade up again today. 1,894. Well dive into the gold rise later in the hour. Lets see how the rest of the world is doing on this friday. For details, here is juliana in london good morning, brian we have a lot of red on the board here in europe as stoc
Get to your thoughts in just a minute. Golda, a Technology Reporter with axios, joining us on the phone to talk about this hearing that will be taking place at noon eastern time on cspan3, on our website cspan. Org, and you can listen on the go with our free cspan radio app. Committee iswhat holding this hearing and why . Is the House Judiciary Committee antitrust subcommittee. They are holding this hearing because they have been having an investigation of the Digital Markets and Big Tech Companies in the past few years and this is a culmination of that investigation. Host why are they investigating these companies . Guest they are investigating these Big Tech Companies, apple, amazon, google, and facebook, because amongst the democrats and some republicans, these there is a feeling that these companies are too big, take up too much of the economy, gobble up competition by acquiring Smaller Companies, and amazons case by both selling products and being a platform, and in apples case ru
Hearing that will be taking place at noon eastern time on cspan3, on our website cspan. Org, and you can listen on the go with our free cspan radio app. Committee iswhat holding this hearing and why . Is the House Judiciary Committee antitrust subcommittee. They are holding this hearing because they have been having an investigation of the Digital Markets and Big Tech Companies in the past few years and this is a culmination of that investigation. Host why are they investigating these companies . Guest they are investigating these Big Tech Companies, apple, amazon, google, and facebook, because amongst the democrats and some republicans, these there is a feeling that these companies are too big, take up too much of the economy, gobble up competition by acquiring Smaller Companies, and amazons case by both selling products and being a platform, and in apples case running the app store. They feel that antitrust law has not kept up with what the Digital Economy looks like. Senator Elizabe