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Anchor alibaba investors headed to hong kong. Under threat for the covid19 resurgence, the Unemployment Rate will jump in the next two months, and the republicans launch their National Convention on monday, with a new poll that suggests their supporters like the economy and the government handling of the coronavirus. Lets get a quick check of how the markets are trading, up 2 10 of 1 , this, of course, after we had another rally on friday session, the nasdaq gaining 4 10 of 1 . Data,e plaza positive and a record in july helped by chief borrowing costs. Homebuilders lead that round in the s p 500, which was up for a fourth straight week. We have seen really records for the s p in the last week, and the sector that gained the most ground was tech. In the moment, Holding Steady after gains on friday, but we trend, d ....
South korea. Infections slow in japan, but young adults becoming more vulnerable. Do infections in new zealand itsend weaken reputation as a covid19 beater. The Prime Minister is delaying the election. Down that is weighing matters in new zealand, but lets look at u. S. Futures. Uncertainty continues to plague markets as we kick off this new session in asia. Uncertainty when it comes to trade with the phase one meetings being postponed indefinitely. We are also getting an indefinite stalemate when it comes to stimulus talks, as well as uncertainty over the future of mailin voting and usps. Theve futures trading on s p, positive 5. 1 . The nikkei 225 up by about. 25 . We are continuing to watch price action on the topics, the worlds best performing index in august as we continue to see the encouraging recovery in industrials and financials. The japanese economy sent to crater by a record in the latest quarter. We are getting gdp nu ....
When we saw a massive drop. Union pacific was the rail in the news this morning on corporate earnings. We will speak with lance fritz a little later on. Union pacific beating on many important metrics. Lets have a look at europe. The stoxx 600 down just 1 10 of 1 . The s p down 5. 1 after a very disappointing quarter. Its dragging on the docks as well. I mentioned a rally in global bonds. At 2. 15 10 year yields , just a few basis points above the u. S. 10 year yield. The reason for that is the ecb. We will talk about that, as well as sterling, which is rallying on some brexit news in parliament not getting any new Prime Minister a mandate to go no deal. Meanwhile, a cautious pledge to provide fiscal support if dangerous materialize. We are joined by erik nelson, Wells Fargo Securities strategist. G7 finance ministers. Can anything concrete come out given the concurre ....
That is a message to Boris Johnson if he ends up prime minister. We are seeing a bond rally across europe as well, with yields lower. All over europe, but particularly the more troublesome countries like italy and spain. This on news that the ecb might start qe again and is looking at inflation targets, having a talk about whether that can be changed. We will talk about that in a few moments. Lets have a look at the u. S. Now. The s p 500 is relatively unchanged come about whats going on. Morgan stanley up 3 10 of 1 , the final of the major banks to report. We did see some buying this morning. That has leveled off a little now. All told, Morgan Stanley meeting expectations in some areas. Wealth management the outperform or. The rails index up. We will speak with lance fritz. Union pacific coming in with a great quarter, and this defined what happened yesterday with the transpo ....
For a route to get the Indian Airline back in the sky, despite more than a billion dollars of debt. Financial markets, the only way is down in europe following a torrid session in asia with more tough talk coming from the us in the direction of china about trade. Also coming up later. Taking a punt on gambling well speak to the boss of one of the industrys biggest specialist websites and find out how he deals with the pressures of a heavily scrutinised activity. Today we want to know. It is world emoji day apple has released 20 new ones. Are you a fan of smileys and do you use them at work . Are they a useful communication tool or do they cause misunderstanding . Let us know just use the hashtag bbcbizlive. A very warm welcome. Do get in touch. Ben regularly sends me a heart or a confused face. The french finance minister is urging a group of the worlds biggest economies to Work T ....