That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the
Official vote. One week later that was set up a final confirmation vote on the full senate floor the week of october 26 tonight, California Democratic senator Dianne Feinstein is alling grahams move unprecedented senator find side tweeted is another example of republicans ignoring rules and tradition so they can rush this nominee through before the election and in time to supply a vote to strike down the Affordable Care act today was the day of Opening Statements from barrett, herself and senators democrats unified their message on the Affordable Care act, joe khalil reports from washington dc. The truth, the whole truth. And nothing but the truth so help you God Supreme Court nominee Amy Coney Barrett played out her judicial philosophy in the first Senate Hearing of her confirmation process i believe americans of all backgrounds deserve an independent Supreme Court that interprets our constitution and laws as they are written barrett described herself as a textualist who strictly inte
Secretary talks to cnbc moments ago. Shares of Morgan Stanley are slightly lower, it would appear, ahead of the open. The bank topped revenue estimates by a billion on what was stronger than expected trading revenues and ev price war elon musk cutting the cost of teslas model s for a second time in one week, carl meantime, guys, got to take stock of this selloff here in the premarket, jim general take this morning is that the market is now catching up to what we know has been a problem in europe, and these lockdown restrictions in the uk and france are getting more serious. Dollar strengthening, some believe, because the situation here is at least better than europe on a relative basis. I think were importing their negative ty. I dont think it is going to last you cant make any moves to the positive until about 11 00 when you start seeing their markets peter out. It is one thing, it is very frightening when you read what is going on there. It is obvious it is a second wave it seems mor
Twitter makes a move for tiktoks u. S. Assets. The u. S. Imposes fresh sanctions on hong kong officials. The worst is over despite the oil giant reporting a 73 drop in Second Quarter profits. He has been arrested over colluding with foreign powers. They have been searched by police lai is the most high profile detention since the legislation was imposed by beijing in une. Police raided the offices of the newspaper and took away boxes of materials. Shares surged today quadrupling at one point it is Retail Investors behind todays stock moves that are not motivated by Company Fundamentals they recently reported a 58. 8 million loss for the year in a Facebook Post one financial kol or key opinion leader said he bought 1. 2 million shares in the stock in a show of support for apple daily and free speech. He then sold some for a profit but kept some shares to be eligible to take part in the companys agm scheduled for friday President Trump donald slapped sanctions on 11 hong kong officials.
Implications for Monetary Policy but the implications for fiscal policy. Moree longer we wait, the institutional damage. Michael collins joining us. I think that was the first question everyone asked when this job support dropped, what do these numbers mean for the talks in d. C. . Michael i dont think these numbers have any impact. They are backward looking to a large extent. The survey period ended weeks ago. The is important is trajectory of job growth over the next couple quarters. Personally, it will be really sluggish. We have had a big rebound, a and part of that rebound is over, and it will be really tough. You have the expiration of some of these programs like ppp, unemployment benefits, and that is going to weigh on income and spending. Until theyy not act have a gun to their head. Are doing well, ostensibly, the markets are improving, they are dragging their feet. Negativewill take more data for them to act in unison. Jonathan in this market, it is not pushing anyone around.