The rba signaled for their willingness to ease. And the other big story at this hour lawmakers in washington take aim at the power of big tech. An antitrust investigation says they are abusing their dominant status. Check lets get a quick of the markets. We are seeing u. S. Futures down at the open, extending gains after we saw the regular session seeing a bearish reversal at your after trumps of fire called off negotiations. Already, market have been trading mixed and about flat after the fed chairs cautious tone on the economy, warning that too much support was better than not enough. The s p 500 saw the largest drop in two weeks and fell to session lows after the president ended stimulus talks. The losses were led by discretionary talks. Airlines also tumbled and we saw the nasdaq losing 1. 6 . After the close, we saw that House Democrats released antitrust reforms to curb the power of u. S. Tech giants including amazon and alphabet. We will be watching that space very closely. Doin
Of meddling in bela rules and reiterate support for the embattled president Alexander Lukashenko also this hour china rejects a pentagon report which warns of beijings plans to double its Nuclear Stockpile. There is the ultimate judge basically right now one of the fouls and so lost loved ones in cambodias killing fields a command commander who oversaw the torture and kill and deaths dies in hospital. And sports arena williamss 3rd of the 2nd round at the u. S. Open williamss amy to win a record equalling 24th one slam singles title. Thank you very much for joining us 14 people accused of helping Gunmen Attack the french city magazine Charlie Hebdo are going on trial the magazine was targeted after publishing controversial cartoon. The prophet mohammeds security was tight as Police Convoys carrying the accused arrived at the courts a few hours ago its been 5 years since men stormed the paris office of shawnee 12 people were killed a police woman and 4 people inside a jewish supermarket
The u. S. And china may Start Talking trade again. Beijing says the phase one progress review should happen soon. Alibaba offered more signs of chinas strengthening rebound. Shares jumped last quarter. The company says it is no threat to National Security. Lets take a look at our final friday session in asia. Sophie kamaruddin is half in hong kong. Green for are seeing asian futures on friday, this after the wobble we saw. We are keeping an eye on names like panasonic. We are keeping and i on a theme in japan, showing the dominance of quality stocks versus their value peers may have a bumpy road ahead. Torall, we could be looking end the week on a risk on note. Watching the terminal, we are looking to see if asia will track. Joint the slot punch joins the slump on softer chip prices. With that risk, the big jump in taiwans july export orders may be too backwards looking. Offer a more timely check. On the tech front, alibabas results showed improving Chinese Consumer sentiment. Shery he
What a big change, because at one point the dow, remember, was down 628 points. So this is really a different story. The nasdaq right now down 96 and the s p is down 11 points. The twoday selloff, by the way, in the nasdaq so severe this morning, it was actually within 25 points of correction territory. Since wednesdays record high of 12,056, the techheavy index is now down, as you can see right now, 103 points. Both snapping a fiveweek winning streak, the s p and the nasdaq. Were going to have our floor show trade thers ready with instant reaction for all of you. Now, the record selloff completely discounting a pretty positive august jobs report that showed an increase in 1. 37 million jobs with the Unemployment Rate dropping to 8. 4 . One company is helping to fill all those vacancies left behind by the coronavirus pandemic. Were going to introduce you to the ceo of shift pixie, helping big business find qualified workers in the gig economy. Plus, colleges struggling with infection r
To be saved by the marine layer, well have unhealthy air today, tomorrow and more likely saturday. Ill explain coming up. Disappointing but learning to live with it. And still so much buzz about that orange sky that we saw yesterday. You see the bay bridge there and there is coy tower. And Amy Hollyfield is live in the east wibay with reaction. Reporter and were watching the skies this morning. No sign yet that it will be the orange darkness that we saw yesterday. We also arent seeing falling ash yet this morning. Well keep you posted on how it looks as the sun comes up. Yesterday was definitely one for the record books. And people repg rcognized that,y people taking pictures of the orange die. And also people were out on walks or fishing saying that they were trying to add some bit of normalcy to the strange day. Others the darkness threw them off. I was pretty disor yefbtsed. I missed an appointmentment. Almost never do that. Yeah, it was bewildering. Yeah, it is just everything. Jus