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Board, again, trying to challenge the tesla hold on the market. Wm has a factory in shanghai. Lets check the markets. Risk off on the u. S. , falling 2 on wall street on the back of concerns about u. S. Jobless claims. The virus, above 4 million cases now in the United States. And as we said, concern that the economy in the u. S. Is in trouble. Screen, read on the broadly across the msci asiapacific, down. 6 . On the mainland would just talked about the proposed ipo by wm motors, small caps setting off more than 2 as we get for the end of the week. Ong kong looking attractive to investors, it seems, down. 2 percent, up despite concerns highlighted earlier. Weakened byyuan. 1 , currently around seven in terms of the offshore yuan. The aussie dollar and the japanese yen, looking at that as well, the 10year basis point, 58 for the 10 year as a result of the risk off we had at the end of the day on wall street. Chinese, 2. 91. Gold at ....
U. S. . Moving on to some currencies, dollar weakness is still a trend at play. We are seeing that play out for the offshore cnh strengthening at around seven. In terms of the yen, 106 is the crucial level for that. Higher option volatility. In terms of hong kong, we are focused on the newtek tech index as part of the conversation. Aussie dollar currently up. 3 . Dollar weakness very much part of the play there. Lets look at what is happening with gold. It has been on a tear, and we are getting close if not touching now record highs. Gold futures above those record 1944, close to 1 gfain gain in terms of futures. I believe the record was around 1923. Looks like we are about 1 or so away from that record price. Its 1923 or 1921. Anyway, we are edging close to that record price. Weakness. Lar silver gaining close to 2 . The 10 year in the u. S. Yield is a little below 0. 6 . Rish. Rishaad were going to bring in banny lam. Welcome to the program. We just outlined, at least tom did, outlin ....
White house is openly collaborating with a Us Company Microsoft to buy part of talk which we have banned so its so bad that it has to be banned why are we buying it or did we ban it so we could buy it seems to the 5 a very free market principles that we portend to stand for and of which we often. Accuse china just saying. But im not going to go there im going to go there i want to tell you about Something ElseSomething Else that is taking place as we speak that the media world tends to not be reporting on you know how were always hearing about how Chinese Companies are stealing this and stealing bad and stealing our Technology Well i want you to listen to this hey siri. Call and. There you go and sir ....
Think about it the white house is openly collaborating with a Us Company Microsoft to buy part of ticktock which we have banned so if its so bad that it has to be banned why are we buying it or did we ban it so we could buy it. Seems to defy the very free market principles that we tend to stand for and of which we often accuse china just saying. But im not going to go there im going to go there i want to tell you about Something ElseSomething Else that is taking place as we speak that the media world tends to not be reporting on. You know were always hearing about how Chinese Companies are stealing this and stealing bad and stealing our Technology Well i want you to listen to this hey siri. Call and. ....
Coronavirus cases and political tensions. The Trump Administration rejects beijings claims in the South China Sea, accusing it of bullying. The u. K. Is set to ban huawei from its 5g mobile network. The plan would mean British Companies need to remove huawei infrastructure by 2027. Welcome to the program, everybody. Lets check out the futures. Lots of moving parts in terms of the market action. Lots of geopolitics to talk about as well. We have futures pointing to the downside in europe. We have to play a little bit of catchup with the united states. Lets get to some of the breaking news out of the u. K. That is certainly going to be one of the focuses in our program. The u. K. Economy shrank by 19. 1 in the three months ending in may. Getting a three month figure. Main manufacturing production rising by 8. 4 . ....