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59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Somethi ....
U. S. Treasury secretary Steven Mnuchin said additional fiscal stimulus is needed urgently. The dollar steady after Strong Manufacturing data. Above 1. 20 for the first time in over two years. It does not last long. Does mattere level for monetary policy. It is 6 00 a. M. In london, 7 00 a. M. In frankfurt where they are watching the eurodollar trade. Good to see you. So, volatility. Is the equity market to greedy and the rates market under assuming vol in the u. S. President ial election . Good morning. Annmarie that is certainly what the Options Market is signaling, that this is the biggest event risk to date on record and that is of course the u. S. Election. It signals investors basically maybe being in wait and see mode until november. They want a bullish spread and a bearish spread. Have two exclusive massive ....
Monetary policy but says more can be done. A year after listing in hong kong, a Logistics Company discusses real estate, fund management, and the impact of covid19. We speak with the chairman later this hour. Haidi breaking news crossing the bloomberg when it comes to the pmi indicators out of australia. For augustumber still in contractionary territory at 49, better than the previous reading of 48. 1. The pmi composite number, a little bit of an uptick but still in contraction territory. It will be a while before we see a meaningful recovery given we are hearing in domestic media that the state for restriction law down in victoria, melbourne, and surrounding areas could be extended by another two weeks as we continue to get these numbers out of victoria. We have seen a jump about 100 new virus cases for the first time in three days. Another exuberant session for the u. S. Tech underperformed. The s p jumping the most in almost ....
Negative territory down by. 2 . The dollar gaining strength and crude is all over the place. You wind up having opec leaders meeting and talking about maybe extending a deal through 2022. That comes from the Saudi Oil Minister. So the oil market is trying to digest that. The big news has been what is happened with apple. A 2 trillion market cap. We knew it was coming and now it is official. Isning me more is the but you are global on fx, apple, what do you do with that . Anne from a fundamental equity standpoint i cannot have any comments on all, that i would stay that say that this level of market cap is a success and that there Monetary Policy policy easing, the giant firehose of liquidity as well as actions by the European European Central Bank and bank of japan has bouyed the equity market and we ....