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President trump saying they can pursue a deal but if it does not get done by september 15, it will shut down. We are standing by for the president to give a news briefing, where he might elaborate on his position. Also, the administration indicating it will pursue extending Unemployment Benefits on its own. Joining us now to discuss the market moves, abigail doolittle, how has been covering all the ups and downs for us. Today, a was mostly up. Sort of a perfect storm of events. Last week, we had decreed earnings reports from apple, amazon, and facebook. We also had Strong Manufacturing data in the form of the ism manufacturing number. At the end of the day, the s p 500 up. The nasdaq carving out another record high of 1. 4 . Apple and microsoft, those were the big winners. Also, biotech. Againste for a vaccine the virus. Not everyone is buying into this rally. Bu ....
Australia. We are counting down to asias major market opens. Im annabelle. Investors keeping their powder dry with some warning of stock swings. Janet yellen admits china may retaliate against Biden Administration tariffs increases. And the albanese government announcing australias second Budget Surplus without stoking in laois and. Heidi given all the threats we are seeing sydney futures muted. A worried session on wall street will way on what the fed does and other central banks. Headwinds are building and the risk of threats on china and retaliation. Certainly not a great deal of risk appetite. Kiwi stocks looking softer, k futures Looking Glass of not making too much of a move. Its near the top of developed markets, it is what can they do a costofliving crisis. It will flesh out further expectations or hopes of ....
Its a tougher call than i thought, even on a day the dow gained 93 points s p up 5 , 4 , record highs and nasdaq climbed 7. 3 . So many crosscurrents out tlrchlts bi,. Byuy, buy, buy, buy, buy. Since 2009, a techled selloff as friday you typically get much more follow through than weve seen this time around in other words, youd expect a tech debacle friday. All right . To be followed by a second wave of selling on monday sell, sell, sell, sell, sell with moneyal rog in arollingr household name stocks. That didnt happen back into tech almost intantly heres why almost all tech selloffs triggered by earnings shortfalls from key cities. On day one, a tech company preannounce as sharply worse than expected quarter. This was friday. Often in parts of the hottest area, social, cloud, video, machine learning, Artificial Intelligence that move shocks people. Takes the breath away. Because its seen as being the tip of the iceberg o ....