Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
Big rally bubbling up. Check out what happened to chinese tech stocks today as Congress Seems to be turning up the heat on china. Lets get to Kayla Tausche for the details. Melissa, the Holding Foreign Companies Accountable act technically applies to any nonu. S. Company listed here and it requires those companies to be subjected by the securities and Exchange Commission and if not to certify that it is not owned and controlled by a Foreign Government any company that cannot prove that would be dislisted. Here is john kennedy, the republican senator from louisiana who sponsored this bill i do not want to get into a new cold war all i want, and i think all the rest of us want is for china to mri by t play by the rules. Antichina sentiment has been gaining steam in recent years and it did not subside after the phase one trade deal was reached in january and this particular issue of transparency has gained new momentum after the fraudulent Financial Disclosures at Luckin Coffee just last
Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down from 30 to 50 billion a day. Down to 15 from 25 apparently,
For the columbus day holiday the stock market is on a regular schedule if you check out the u. S. Equity futures a in the hour, the bulls may be wishing it wasnt dow futures indicated down by 110 points s p futures off by 13. And the nasdaq down by 42. Joe mentioned that headline that seems to be moving these futures this morning that was coming from bloomberg saying that china wants to have further talks as soon as the end of october before they will even sign the phase one deal thats being touted right now by the United States. It goes on to say that beijing may send a delegation led by the vice premier li hou. They would finalize the deal before the president s met next month in chile another person said that china wants trump to agree to suspend the additional tariffs due to roll on in december on top of the ones he suspended for the ones due on october 14th well see what happens you can see the pressure thats put on the futures this morning after some big gains on friday as this n
Exactly and also it has flights number mark which is very specific for the planes that are actually transporting military goods. This is footage of the plane yelena tracked it has been loaded with crates at least 20 u. S. Military flights have left this airport in the past 6 months. And when we arrive at the airport we to see a plane. This is one of the busiest airports when it comes to players such as this one. Is from the same airline yelena had been investigating various really is pretty nuts its just in the middle of a traffic junction. They are about to take off. Their rope and there theyre probably. There is this huge fights that are happening its running a little they need their. Flight data proves that the majority of these companies planes from riyadh good to keep u. S. Bases in the middle east. From their weapons can be funneled to syria. This ng the largest pentagons supply of weapons for Syrian Rebels is bulgaria through the e. U. Is poorest country thats a change in fortun