Microsoft overnight. That is being digested as well by u. S. Investors. You have the currency offshore at seven, currently. It is weakened by about 2 10 of 1 . The aussie dollar is looking like that, said he six. The euro is flat. The bloomberg dollar index is weakening, down a 10th of 1 . Lets move it down. The stock was suspended on july the 13th after they failed to get a renewal for their license. Currently trading at 10. It is down 30 . It just reopened after a 10 day suspension of trading. The company saying it is in talks with its creditors over longterm debt. It will continue businesses that dont require that franchise. Noncoret nunc activity. Rishaad china vowing to retaliate for the u. S. Closing its consulate in houston. Protectd it is to information. President trump indicated more such moves might happen. President trump as far as closing additional embassies, it is possible. We thought there was a fire in the one that we did close. Everyone said there is a fire, there is a
An important day in washington good morning, everybody. Welcome to squawk alley. This morning john fort has the morning off. The market in a bit of a molding pattern. Earlier this morning we heard from both sides of the isle. The argument is how much is appropriate at this particular juncture as we try to get the company back on its feet and get the country back at a place where it can sustain itself at the earliest it would be this year or early next year. Can we give a huge chunk of money to the people who are disenfranchised . To those that want to sna business so badly and they cant. Who are the most affected because they had the at least chance in our country . That has to be something that both sides can lead to perhaps you mistook them for someone that gives a damn. They dont believe in governance they would require some acts of government to do that. Ilan, well see if we get any more upaddition. Yeah, pelosi said part of the goal here is to get more money in the hands of the pe
Debates backtoschool, voters are not allowed to see or hear him say those words. Almost immune. We have a lot more on this, believe me. Lets get straight to your money. An economic indicator, here it is, 1. 19 million new jobless claims. That is the lowest number since the economy tanked. It is very good news for the recovery. The trend in new claims is flat out down. The dow industrials taking a little heart from that. We were lower, now were going to be up maybe 30 odd points. Not much of a gain. Theres a lot of green on the lefthand side of the screen. The market story is the march to new highs. The techheavy nasdaq already hit several records this week. The dow is at the 27,000 level. Thats up 8,000 points in four months. Theres a lot of very positive news in the background. Positive vaccine news. That helped. Dr. Fauci says well have tens of millions of doses of the vaccine available early next year. Heres another plus. If congress doesnt come up with a virus relief package, the p
A downturn and why im going to divide my explanation into 3 parts and im going to you know what lets do this i want to go over to the wall so i can do this for you let me go over here so i could show you what it is that were seeing as far as some of the trends go right theres a theres a debt burden in our country right now we talked about this before its like no other ever experienced in our nations history Household Debt is above 14 trillion dollars thats how much the average american someone like yourself may owe right so let me try and break this down for you into 3 key parts that many of you may find well relatable thats why we put this line graph up here for you and i want to start with auto debt its been going up now for about 3 straight years thats the blue line that you see right there look at that line look at the trajectory thats taken you know what this number represents right here that number. Its 1. 00 trillion dollars now i want you to look at Student Loans thats represen
Economy is the worst behind us fair question when will we see a downturn and why im going to divide my explanation into 3 parts and im going to you know what lets do this i want to go over to the wall so i can do this for you let me go over here so i can show you what it is that were seeing as far as some of the trends go right theres a theres a debt burden in our country right now we talked about this before its like no other ever experienced in our nations history Household Debt is above 14 trillion dollars thats how much the average american someone like yourself may owe right so let me try and break this down for you into 3 key parts that many of you may find well relatable thats why we put this line graph up here for you and i want to start with auto debt its been going up now for about 3 straight years thats the blue line that you see right there look at that line look at the trajectory. Thats taken you know what this number represents right here that number represents 1. 35 tril