u.s. politicians to begin another day of talks of a further financial aid for millions of unemployed americans.

all of the u.s. operations of america and the server for the u.s. operation is completely housed in the united states what else can you all expect for a company operating in a very fashionable amana and loved by 100000000 users in the united states for example i think eventually these users may want to vote at the current president out of office if he really ruffles the feathers not with china but more importantly. messes around with the users of tick-tock in the united states that's i think the reason why i'm personally very confident that tick tock on many many other similar companies coming out of the big pipeline out of china will eventually demonstrate to the world that the if they worry about national security these are not the trees they need to park i see your point i think and they really do their homework rather then for example barking at the wrong tree ok i feel like you want to jump in here. well i think what he's saying is somewhat true and i mean to be clear i'm a big fan of many of these chinese technology companies i think that what

u.s. stocks complete their fastest ever return to your record, topping february highs for the first time since the coronavirus upended the market. the s&p 500 capping a rally from march low. sydney opens later. net income coming below estimates. revenue jumped by one third. jeff bogged shows us -- joins us later on. china tensions rise further. u.s. colleges are being told to offload holdings of mainland companies amid warnings of a wholesale sale of stocks from american exchanges. shery: let's get you started with a quick check of the trending markets. u.s. futures opening flat. this after reaching a record high. finally passing the february high after failing several times in the past week. the s&p 500 was led higher by consumer stocks. propelled by tech shares. the quickest rebound on record. fastest ever return to a record after a drop of at least 20%. we are still headed for the fifth straight month of gains. the longest winning streak since september of 2018. take a look at the dolla

u.s. tech giant microsoft is reportedly in talks to buy chinese own video optics talk meanwhile u.s. president donald trump has threatened to bomb the company over concerns it could allow beijing to spy in a moment we'll get the latest from our correspondent in new york but 1st here's a look at a company that has come to him balti the growing mistrust but. when u.s. and chinese tech giants. with its $800000000.00 users take top bows itself as a digital playground but now it's turning into a box all grown between the u.s. and china. with american suspicious of its owners the be backed up may have exploded in recent years but not everyone is a fun. would you recommend that people download that up on their phones tonight tomorrow any time currently if you want your private information in the hands of the chinese communist party the struggle over digital technology is intensifying on the u.s. side facebook twitter and on the chinese side to talk on the technology giant while we also the target

we are seeing u.s. fewer sugars -- u.s. futures under pressure. we had ask leading u.s.-china tensions fan yelling -- fanning the data. the bloomberg dollar index flat at the moment. this after a fifth consecutive weekly decline that will be the longest losing stretch since january of 2018. the offshore yuan is flat at the moment. this after the yuan led declines in asian currencies. we have president trump moving to been tiktok and we chat. hang seng futures down to tense up 1%. under pressure from the last two sessions. it is a thin trading day. singapore and japan are closed. we have a china data blitz that could be confirming the recovery we are seeing. we have ppi numbers. not to mention retail sales and investment numbers out later in the week. markets are bracing from eventually more diplomatic feathers being ruffled as we get the u.s. health and human services secretary expected to meet with taiwan's president on monday. this is a trip that stands to further worsen relations between the u.s. and china. azar is the highest-ranking american official to visit the is

headquarters the u.s. has already threatened to use the snap back provision in the nuclear deal that would restore all un sanctions against iran so what's tehran's next move now that. well from one diplomatic battle on to the next now iran has warned the europeans that they will have to take responsibility for anything that happens if those sanctions are returned or one of the key benefits for iran staying in this deal despite the united states putting them putting themselves out of in 2019 word lifting of those united nations sanctions now from mr devolves reid has said that the united states is trying to use the security council to destroy the security council and if these sanctions are reinstated it would be the end of any multilateralism and international law but the options open to iran are that they could completely pull out of the 2015 nuclear deal that means any of the restrictions placed on the nuclear program were they would no longer have to abide by the rules so they can enrich uranium to a hig

the u.s. big south in support of a former saudi intelligence agent at the center of an alleged assassination plot by the crown prince. alone sam is a band this is al jazeera live from also coming up anger in hong kong after the u.s. imposes sanctions on 11 officials including kerry lam as hope fades of finding survivors after the explosion in beirut president external interference. punishments are handed out to violators of venezuela's coronavirus rules but many say they have to take the risk. the u.s. state department has spoken out in support of a former top saudi intelligence agent who was allegedly targeted for all the sasa nation attempts it describes as a valued partner of jumper a filed a lawsuit in washington d.c. on thursday accusing the saudi crown prince of sending a hit squad to calendar to kill him michaela has more. patrick leahy was one of 4 senators who sent a letter to the white house last month in the letter the senators expressed their concern about what they call the abduct

he said u.s. stocks can continue to rally as long as investors believe analysts are behind the curve on earnings estimates and price targets. shery: scarlet fu with the latest on the markets. investors watching with the federal reserve is doing. we heard from leger to, leaving open the pop -- we heard from richard clarida, leaving open the possibility -- he reiterated it is not likely now and reiterated negative interest rates in an online event hosted by the peterson institute for national economic spirit >> -- for international economics. >> i believe there is potentially a place for yield curve control, but that yield curve control is a complement to forward guidance and traditional large-scale asset purchase programs. there could be circumstances where it would be considered, and we were clear in the minutes of our july meeting, and i tried to be clear in my speech that it is something that is in the toolkit. christopherlcome -- we arerings watching what happens on the u.s. stimulus package. w

while a new forecast from the u.s. centers for disease control and prevention estimates that the death toll in the u.s. is projected to reach at least 173005 august 22nd so that's less than 20 days from now that's going to claim another $15000.00 lives and brand so far july has been the worst month in the u.s. with nearly $1800000.00 cases in this month alone and about 4040 percent of the cases in the u.s. occurred in july when restrictions were lifted in most states and we thought we saw the worst of it in april when we had over 858000 cases but then again in july we saw such a big jump may and june both were in any better but going into august we're looking for a better numbers but the good news is that deaths have been significantly lower in july compared to other mon so that's a really big plus so going into august on sunday the u.s. reporter around $47000.00 cases. now that's that's an increase in almost 4 weeks that's a small it's actually i should say increase in almost 4 weeks and as of 4 pm monday another 8500

embedded u.s. personnel experts, administrative experts in various ministries throughout the government of liberia who are teaching their counterparts proper administration of public funds. time, i would publicly recognize nongovernmental organizations that are focused on pushing for anticorruption, such as the anticorruption commission of liberia and the auditor general of liberia in support those organizations whenever feasible. most importantly, i would highlight to the president and the government how essential it to change the perception of corruption and liberia, not just for private investment, but also for things like the millennium corporation, if they are interested in -- they are just wrapping up the first compact, $257 million in liberia that is doing things that the president and the people have been asking for. additional electricity, freshwater, and new roads. however, to get a new compact, they will have to re-task the mcc scorecard, which they have not passed for the past two years

u.s. shares briefly touched a record. we had tech leading the gains. investors banking on further stimulus. the msci asia pacific index is up .6%. the 2020 losses wiped out almost $6 trillion of market value. the s&p is still down 9% below its all-time high. we are tracking dollar-yen at 106.73. dollar yen is trading at the upper 106 level before u.s. retail sales and trade talks are planned for the weekend. we are seeing dollar weakness in recent days. gold futures at $1946. it is above $1900, a wild ride for the metal after surging 30% this year. we saw the plunge below $1900 tuesday. gold is still an of the best-performing commodities of 2020. 66.22.. 10 year yield at let's flip the page and look at where we are in terms of the chinese shares ahead of a slew of data for july on friday, including industrial production and retail sales. the csi 300 is in negative territory, down .4%. the yuan is at 6.93. the hang seng is getting some gains. center, infront and negative territory right now

so the u.s. economy also benefited from a kind of very quick and very significant stimulus provided, by both providing that are on, broader unemployment benefits, checks to low-income individuals. all those things have been very helpful in preventing particularly low-income being able to continue to make spending decisions over the course of the spring and summer. but many of those programs ended at the end of july. the pandemic has not ended, the infection rate is still above 10% and we need fiscal policy to continue and it is critically important that congress continue to provide support. ofhad you modeled the impact the ending of the fiscal stimulus? eric: some form of additional stimulus is going to occur. it would definitely be bad news both for my forecast and for the economy if we don't do additional stimulus at this time. the mainpervised street program, perhaps the most controversial. according to your figures, 856 million dollars in loans and the system, but it is a program that could d

and the u.s. we don't think the u.s. will go into negative rates. there will be a question of risk appetites in general. we will see if the euro will continue to implement efforts. finally seeing some kwok rate integration across europe. we are going to have to leave it there. thank you for joining us this morning. esty dwek. coming up, the route in long-term -- we will discuss this next. this is bloomberg. ♪ annmarie: this is "bloomberg daybreak: europe." good morning, manus. manus: let us get the day and the week set up because it is all about politics. the democratic national convention gets underway today. he entire that will be virtual because of the pandemic. opec plus ministers will meet online tomorrow to review strategies for compliance when it comes to the oil supply. better make sure that no one is naughty. annmarie: and on wednesday, we get u.k. inflation data. and on friday, pmi for both the u.k. and the euro area. the long-term treasuries is flashing a buy signal to scott minerd. the fed has made it clear to us that they do not want

u.s. stocks. futures point higher in tokyo, sydney, and hong kong, as investors welcomed positive data and potential stimulus. top fed officials: policymakers to do more to support the u.s. recovery. we hear exclusively from dallas fed president robert kaplan this hour. president trump orders chinese to shutdeo app tiktok down in the u.s. next month unless there is a deal with microsoft or another leading american company. breaking news out of south korea. the cpi numbers for the month of july year on year, a growth of 0.3%. this is of course after inflation remains flat for the previous month year on year. we have seen somewhat muted demand. perhaps weighing on the month on month numbers. we are seeing inflation at zero growth. this really missing expectations that prices would rise 0.1% if also inflation is decelerating from the previous month of june. core cpi take out oil prices, and you get a rise of 0.7%, in line with estimates, and slight acceleration from the previous month. we hav

the u.s. added 38 huawei affiliates to a blacklist. mediatech saying there will be no meal -- material impact, currently down about 10%. we have the dollar index easing somewhat, down about 1/10 of 1%. the dollar facing pressure from the deadlock in negotiations. the aussie strengthening versus the kiwi for a second day, the prospect of negative rates from the rbnz sending the kiwi down, up. gold futures six-t have crude down enths of 1%. this will zero in on the opec meeting tomorrow. for the first word headlines, the u.s. adding additional restrictions on huawei aimed at cutting access to commercially available chips. it is the latest move in an increasingly tense relationship between washington and beijing. correspondent has the story and joins us now. let's get to stephen engle if we can. what are the new curbs? stephen: as is in addition to the export controls washington slapped on those who do is this with huawei in may. a large asian foundry in taiwan announced in may they would stop ma

he says if u.s. infection rates slow down from here, europe is set for-- europe's outperformance may actually be question. david: the data is telling me the u.s. had less of a lockdown in the second quarter, and u.s. gdp fell less in the second quarter then in the euro zone, not annualized. lower phase of the euro zone, it is highly likely that in the third order, the increase in the euro zone will be higher than that in the u.s.. is basically all in all with the u.s. likely to get even bigger fiscal stimulus then europe, probably subtracting from the issues i mentioned area the u.s. will maintain a slight advantage over the eurozone is the u.s. is lightly to discontinue spending even more than europe. the heros that mean dollar rally we have seen is overdone? david: it has gone a little farther on trend. europe does have significant good fundamentals. the euro is undervalued relative to the u.s. dollar. in currencyhe euro markets may have been a little overdone in july the trend is .owards a more no

u.s. stocks trading close to fresh highs. we had the stock market up for a fourth straight week friday amid albeit light volumes. up .2% this morning and asia and we are seeing positivity going into the start of trading in japan. we have one report prime minister shinzo abe is headed back to the hospital so we will continue to watch that story. and the potential applications for policy continuity. japanese yen holding steady at 105.86, with a rebound in the friday session. rise in u.s. treasuries. at $42. crude trading 49, ending the last week its advancering in asia. shery: let's talk about china. beijing is offering support to strengthen hong kong's role as an international financial center. for more on this plus the latest on u.s. china tensions we are joined by our chief north asia china correspondent, stephen engle. what is vision promising now? -- what is beijing promising now? >> it is no surprise beijing will come out and say it will support hong kong as an international finance ce

if that's not enough, we also have the ongoing u.s.-china tensions and upcoming u.s. presidential elections to contend with. let's bring in bahren shaari, ,eo of bank of singapore southeast asia's second largest bank. give us a sense of the mood among your clients. are they keen to invest? how do they view risk right now? declines continues -- the clients continue to remain invested. in case of additional volatility in the markets. otherwise, they remain invested. spoke in when we last march, you said you were advising clients to sell. what are you advising them to do now? >> continue to maintain the stance to make sure the pandemic is not over yet. we have seen the sign of some recovery, but it is too early to say whether it is going to be the outward direction of recovery. best to take a conciliatory stance, build a portfolio, maintain sufficient in case of volatility. haslinda: do you buy more gold? >> not really. it is unique to have -- you need to have a diverse portfolio, a strong call portfolio. you need to have quality investments, diversify between the growth

tech leads u.s. markets higher but a selloff among big banks means the benchmark fails the top the all-time high. the s&p 500 climbed above february's closing record and couldn't save it. bhp analysts expecting a small profit increase as iron ore holds up amid the pandemic. relations go even further. china says attacks on tiktok were bullying and rejection of fair competition. shery: let's get you started with a quick check of how the markets are trading. u.s. futures opening flat after the s&p 500 and other major indices ended the session mixed. we had a rally in technology companies with the nasdaq gaining 1%. selling off sos the s&p 500 was dragged a little lower. still closing at the highest level since february. the third time in the past week that the index topped above its february closing record during the session, but ended below it. still up more than 50% from its march low. we did get more positive eco-data. a gauge of builder sentiment jumping to the highest since 1998. take a look at oil

and the u.s. around $30000000.00 people have been left unemployed as a country struggles with the economic impact of the coronavirus pandemic but now they could be facing another hardship as $600.00 a week imagine see relief payments come to an end reynolds has more. amid the worst economic collapse in decades millions of americans are struggling just to eat we're seeing 223000 up to 7000 families come through in a 3 or 4 hour period emergency relief payments of 6 $100.00 a week have kept millions of unemployed people in the u.s. financially afloat for months a moratorium on a vixens has kept millions of renters from becoming homeless that would really help with iran now those federal supports are about to run out and congress is unable to act the democratic controlled house passed a 3 trillion dollar relief bill in may it includes extending the $600.00 a week unemployment benefit 3600000000 dollars for election security and additional food aid for the hungry it would also provide $200000000000.00

rejecting a u.s. bid to extend the international arms embargo on iran offer expires in october only the dominican republic supported the resolution the remaining parties to the nuclear deal britain germany from its china and russia question whether trump can reinstate the sanctions that's because he pulled the u.s. out of the agreement 2 years ago trump has rejected russian president vladimir putin's offer of a summit to discuss the dispute. but will you trigger a snap back of sanctions on iran what we knew what the vote was going to be but we'll be doing a snapback you'll be watching it decks week you'll be watching it next week before president putin wants to hold a video summit on reserves are you planning to do that. probably no i think we want to wait till after the election look around wants me to lose so badly because if they do you know iran has a whole different ball game right now. iran's president has welcomed what he called a humiliation for the u.s. . battle you have been but this is the

and how the u.s. will not see the u.s. lost seats $0.15 people there on an old and you put about $1000000.00 people your car you see think state aid for them. 'd yet 47 percent of americans have all said jobs in the u.s. this jobs are never going to come box as a level of hopelessness. which to say the u.k. and the e.u. haven't yet had property and i see you missed the beginning of the for a while and see if it's 9000000 jobs not all ringback of these chips are going to remain so. it's a huge concern and i think your was be able to delay the inevitable and not suffer . bill let's just stick with britain if we can because britain has been the outlier in whichever metric you can think up worst 2nd quarter g.d.p. more deaths than anywhere else in europe and it's only going to get worse isn't it well certainly the u.k. has had one of the worst performances in europe the question of whether it will get worse is less clear cut you know one is because although many countries are seeing 2nd ways and there's some evidence you're se

video app tick-tock u.s. officials are currently looking into the potential particular want to be used by the chinese government as a tool for gathering intelligence. to talk with its viral dance routines and political activism videos is a favorite among teenagers worldwide. with over $2000000000.00 downloads and $17000000000.00 in revenue last year the app is extremely successful in. when sure but its exploding popularity has also raised red flags in the u.s. officials are investigating whether tick-tock is a threat to national security there are concerns that the data collected by the app owned by the chinese firm by dance could be accessed by beijing the company denies any connection with the chinese government but donald trump is threatening to ban b.-f. in the u.s. . well look you know we may be betting we may be doing some other things. but a lot of things are happening so we'll see what happens but we are looking at a lot of alternatives with respect to. reports on friday indicated that one of the alte

the other company to sell the u.s. operations for example but as we heard he could say ok we're going to ban talk and then they could decide to sell for example the u.s. operations to microsoft and then maybe u.s. president donald trump would. take this author back so that's probably how the whole deal could work and what is behind the american government's mistrust of this app to talk. well i mean they have charges for quite some time that talk is actually collecting privacy data from its users so we have those accusations those charges by the way not just in the united states but also in the u.k. or in germany at tick tock of itself i'm always was saying that well for example is the u.s. operations all the servers are all also u.s. based but still there were some suspicions that even if the service are in the u.s. that does not necessarily mean that dater has not been transferred to abusing and looking at the business aspect of things here we've heard reports that microsoft might be trying to buy the u.s. shares of t

the u.s. is the richest country in the world yet it still doesn't have a universal health care system i'll be asking why not to influential republican money jan some top democrats abdu'l saying in a special edition of head to head in 60500 miles a year we would say under medicare for the study this doesn't happen in canada or france or spain or strongly if people don't die because the confidential well they die because they can't get access to care head to head on algis iraq. they're watching al jazeera live from doha a recap of our top stories russia has announced that mass vaccinations against coronavirus could begin as soon as october the health minister gave no details about the vaccine to be used and it's not clear if the treatment produces an immune response donald trump is vowing to use his presidential powers to ban the chinese own social media platform take time from the u.s. the president is against microsoft's reported takeover attempt of the firm's u.s. operations and police in hon

u.s. getting straight to the market action. the hang seng leading the charge along with the nikkei 225. have a look at what is going on, the futures and the s&p 500. overall, 0.8%. nikkei 225, shrugging off the abe resignation. look at the future with the candidates lining up. let us take it out to what is going on in china itself. earlier, some important pmi data. manufacturing activity declining in august. forget on the nonmanufacturing side, that july.actually rose from stronger than what had been predicted. economists coming on stream after the lockdowns in the country. the aussie market also justin positive terrain. look at some of the majors. what we saw after the abe announcement -- the yen is recovering. inlar weakness is resulting gains forthe -- in the euro. there is not much movement taking place in sterling. >> it is going to be a long talk there. first word headlines -- tiktok appeared the sale of its u.s. options as they stumble over approvals from china. bytedance is said to

the u.s. loses a bit the united nations security council to extend an arms embargo on iran. sit around and watch al-jazeera life while headquarters here in doha also coming up the united states says it sees ships carrying iranian oil to venezuela further squeezing a country facing acute fuel shortages. thousands of factory workers in belarus defy the president and join protesters as calls grow to even larger demonstrations at the weekend. and fears the beirut hospitals are running out of medicine softer last week support last we report from a damaged child cancer treatment center. bottom to the program the united nations security council has overwhelmingly rejected a us but definitely extend an arms embargo on iran just one other country back to the move while european allies abstained from the vote that means unless further action is taken iran will be able to purchase conventional weapons from mid october christensen he has more from un headquarters in new york it was a quick an unceremoniou

what would a u.s. band of tic talk mean for people outside the united states for example users here in berlin or the rest of europe it would be quite depends on what american picked up i thought going into are they going to. stay on the app because i've seen a lot of tick tocks explaining how you can change your settings to canada so it looks like you're sending your tick tocks from canada not from the states so are they going to stay on that i think going to move to a new app i've been looking i've been checking out by an app many take took us us now as well are they going to go back to instagram so it really it depends on what's going to happen there how i want to talk that's really still very big in europe i mean i don't here in germany we have 8000000 follow us so it's not going anywhere soon in about the 15 seconds that we have left is there talk on that platform about the unthinkable that is that one us president could actually bring down to talk worldwide of course i mean i've seen people crying

top u.s. health officials acknowledge it's taking too long to get caught up in 1000 test results but expressing hope about a vaccine. we feel cautiously optimistic that we will have a vaccine by the end of this year and as we go into 2021 and a teenager and florida is accused of masterminding the manson family of prominent twitter accounts 2 weeks ago. now hong kong police are reportedly seeking the arrest of 6 pro-democracy activists living in exile as china steps up its enforcement of its newly imposed a national security law now they include former u.k. consulate worker simon chang who says he was tortured by chinese authorities for information about hong kong's anti-government protests also all not want to this day as prominent opposition figure nathan law who fled to london over fears of persecution under a new security law. police have declined to comment but it would be the 1st time they using this legislation to talk activists outside of hong kong i spoke with samuel chu he's a u.s. ci

across the u.s. cruel puppy mills are supported by dog shows and pet stores most of the puppies are coming from these large scale factory farming kind of operations are being sold in stores even giant a good businesses are involved like ogling mom santa there has been a shocking amount of organized opposition to efforts to increase the standards of care for dogs bred in commercial breeding for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs don't buy dog on a hottie. a dog industry comes to life in los angeles every night. dozens of women sells abilities on the streets many of them under-age. los angeles police reveal a taste of their daily challenge no if you're going to exploit our child here in los angeles there we're going to come out you see officers going undercover as 6 workers and customers to fight the 6 trade. gap. in your back or. a low everyone let's take a look at today's. menu to see what we're serving up on the tr

u.s. presidential nominee joe biden has struck a tone of hope and unity on the final day of the democratic national convention he has formally accepted his party's nomination for president promising to overcome a season of darkness in the united states by then said the us is more than just a collection of red and blue states and promise to represent all americans he also president of failing to lead and failing to protect. united we can and will overcome this season of darkness in america will choose hope over fear facts over fiction fairness over privilege for historic crises also same time a perfect storm the worst pandemic in over 100 years the worst economic crisis since the great depression the most compelling call for racial justice since the sixty's and the undeniably realities and x. just accelerated threats of climate change or you know about this president is that he's given 4 more years he'll be what he's been for the last 4 years president takes no responsibility refuses to lea

the u.s. and china have entered a cold war style standoff corp on multiple fronts is an old time low and one could assume the movie business is no exception. after all why should hollywood pander to beijing hollywood now regularly censors its own movies to appease the chinese communist party the world's most powerful violator of human rights even the u.s. state secretary pair was scathing in a recent speech in hollywood not too far from here the epic center of american creative freedom and self-appointed arbiters of social justice. censors even the most mildly unfavorable reference to china so is it really worth it it turns out it is last year china contributed $9200000000.00 to the global box office that's almost a quarter of global movie ticket sales while hollywood may have limited access to the chinese market viewing figures from asia can often make or break a movie and the bank. is going to the world. universe. but to get its hands on a slice of the money hollywood needs to tread carefull

the u.s. is calling it the largest seizure of fuel from iran its incepted for tank is carrying more than a 1000000 barrels of oil to venezuela after winning a federal court order last month where for tankers they're going to use them and they're there. they're not supposed to be doing that or arms are supposed to be doing that and so we did we see the tankers and we're moving them and moved to euston but iran says the liberian flag ships have nothing to do with them it accuses the us of lies and psychological warfare 0.09 with a number of no right now there's nothing planned because we haven't had a request from our venezuelan friends as they are reactivating their own refineries u.s. officials are experts in fabricating lies and carrying out shows in the media the details of the capture. when the seizure or do is produce more than a month ago all of the ships turned off the tracking devices seemingly not wanting to be found but what's certain is that trump is running up his campaign against i

u.s. stocks collapse at the close. gold stumbles below $1009 in its biggest today lost in seven years. picks senator, kamala harris as his running mate. the former california attorney general because the first african-american woman and first south asian american woman on the ticket. big revamp. they will exit all non-european corporate banking activity, and they forecast long-lost -- loan-loss provisions at 3 billion euros for the year. we will speak with the cfo of abn amro. let me get to some of the breaking news we are getting here from the u.k.. we have u.k. gdp numbers coming through. we are looking for the month of june and for the quarterly figure. we have seen a rebound in the month of june at a .7%. that was -- 8.7%. that was ahead of the estimates. that's the rebound for june. a rebound was expected. quarter coming in at -20.4%. that was with an estimate of around 21%. if you look at the year on your number, it's similar. it's the extent of the losses that we saw in terms of eco

recovery and u.s. china relations purchasing manager and managers index also weighed on the indices slashing hope for a v. shaped recovery let's move across the atlantic to brazil. but it is just above flat for the week as investors are optimistic following the country's decision to overturn president also narrows a veto on public sector pay brazil's rail fell on thursday again on the fed warning of a delayed economic recovery let's move north to mexico the b.m.v. it's in the red this week after plunging on thursday following gloomy fed minutes here in the u.s. the dow it's in the red while the nasdaq and s. and p. well they're both up for the week now on thursday the nasdaq closed at a record high rally in the tech sector really helped push markets up after the worse than expected unemployment claims jumped back to more than 1000000 new claims for the week and finally finishing things off in toronto the ts x. it is down for the week rotavirus vaccine news helped push the index up on thursday as johnso

they are falling with u.s. equities. u.s. equities futures, on the back of what president trump been doing. it is because his administration has been stoking tensions with beijing by announcing new restrictions on huawei technology. that is giving a little bit of angst in the market. a dollar gauge sliding to its closes since 2008;. . i'm looking at treasuries advancing. gold climbing back to $2000 an ounce. executive arnold donald speaks exclusively with carol massar on the state of the cruise industry and covid-19 in the u.s. he says cruises could resume this year but it is too early to make a determination with public health restrictions in place. here he is. arnold: right now, look at the u.s., in many places, we are talking about sheltering in place, staying at home. universities are figuring out what to do. justng as we are not comfortably, socially gathering, then we should not be talking about cruises. when you can comfortably socially gather with the protocols, social distancing, wearing masks -- when we are comforta

the u.s. state department has spoken out in support of a former top saudi intelligence agent who was allegedly targeted in a fall the sas evasion attempts it describes as a valued part of the job he filed a lawsuit in washington d.c. on thursday accusing saudi. prince mohammed bin cell man of sending a hit squad to canada to try to kill him mike hanna has more. patrick leahy was one of 4 senators who sent a letter to the white house last month in the letter the senators express their concern about what they call the abduction in saudi arabia of sardar jobbery son and daughter in his court filing our jobbery said his children now aged 20 and 21 were being held as what he called human bait to lure him out of hiding the state department has now responded to the senator's concerns in a letter to senator leahy it describes jobbery as a valued partner to the u.s. government working closely with the us to ensure the safety of americans and saudis it also states that any persecution of family members

the u.s. and china postpone a review of phase one and have no timeline for a meeting. president trump warns he is looking at other companies, including alibaba. coronavirus numbers continue to rise with a new resurgence in south korea. infections slow in japan, but young adults becoming more vulnerable. do infections in new zealand itsend -- weaken reputation as a covid-19 beater. the prime minister is delaying the election. down: that is weighing matters in new zealand, but let's 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 mail-in 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 world's best performing index in august as we

the u.s. formally requests u.n. sanctions against iran to reimpose claiming to iran has violated the 2050 nuclear deal it is an enormous mistake not to extend this arms embargo it's great. i'm maryam namazie in london you're watching al-jazeera also coming up on the program former trump advisor steve bannon pleads not guilty to charges he defrauded donors in a scheme to raise funds to build a wall along.

theme,on that u.s. china the trump administration is keeping listed chinese companies in his crosshairs. the state department has warned u.s. colleges to divest from the chinese assets under the risk of more onerous measures on holding shares under the secretary of sees thed us why he potential for wholesale delisting's. >> it is really a whole it -- it is really a heads up. i think that is why they were appreciative. because i can tell you, most of these boards of trustees, back when i was the chairman at purdue, i did not know that their endowment funds are invested in many chinese companies. it may be done through venture capital firms, maybe with the companies listed on the american exchanges, might be with the ones listed on chinese exchanges, or it might be through an emerging index file. and as you know, the president's financial working group announced, hey, by the end of next year, the chinese companies have to do something equivalent. they have to have their books audited, so they have to be t

are cautious on u.s. equities into the election, but not because of the movements we are seeing in interest rate markets. i think what is key here to is fed policyhat likely to be into the elections? we think that the strategic , perhaps at the meeting at jackson hole we will get conclusions. the fed will shift to average inflation targeting and the fed will shift to outcome-based forward guidance. both of these policy changes are changes which effectively represent a higher tolerance to inflation overshoot, and it is refracted that policy will remain easy for longer, ieee real yields lower for longer. which should be supporting risky assets and should be bearish for the dollar. nejra: on your bearish dollar call, when do you expect dollar-yen to participate in that dollar weakness? out of g10, it has not done so far like some of the other currencies, namely your. -- namely the year i. -- namely the euro. this year, they really had not participated in the broader dollar weakening. dollar-yen took correlat

the u.s. has no legal grounds whatsoever to pursue this it's very quite explicit in the terms of the j c p o a that only participants in the accord could move to have the snap back we've seen all kinds of seizure. iranian oil on the high seas that was on its way to venezuela are perfectly legal for the u.s. claims the unilateral right to impose its interpretation of sanctions anywhere in the world against anybody it wants. but frankly rather than a sign of straightening this is a sign of weakness because the u.s. is unable to gives support from any other country in the world for these. actions including britain france germany and staunch u.s. allies completely reject the about the trump a news station on this issue and it's a sign of desperation frankly that they're hoping something will happen between now and november and turn things around and trump hopes to use these efforts to gain reelection i think frankly it's quite the opposite. this week tech giant apple became the 1st ever u.s. compa

shery: we are seeing u.s. futures coming online much flat after we had major u.s. benchmarks ending the new york session mix. investors are and waiting for fed chair powell's speech thursday about the long-awaited framework review. dow was pressured down .2%, declining for the first time in four days. gains andung between losses but managed to reach an all-time high for the third consecutive session. six sectors were higher, five lower. energy was actually a drag on the s&p 500. take a look at what oil is doing. pretty much flat right now. this of course after surging to the highest level since march. not to mention gasoline futures were also at the highest level in five months. we have hurricane lower rattling towards the u.s. gulf coast. more than 80% of oil output in the gulf of mexico has been shut down. of course also reacting to potential economic news and what the u.s. economy might look like. new home sales jump into the highest level in almost 14 years in july. haidi: yeah. mostly mixed to lower start when it comes to the asian session, despite those recor

let's look at u.s. futures. u.s. stocks eventually grinding higher, still focusing on the stimulus negotiations. we heard from nancy pelosi just in the last hour that we could see a deal passed by next week. nikkei futures tracking a little bit lower and gold continuing to grind higher as we continue to see extended gains after breaching $2000 for the first time. haidi: shery: senior u.s. and chinese officials are planning to renew their phase one trade agreement even as tensions between the two nations rise. tom mackenzie joins us from beijing. what do we know at this stage? the u.s. trade representative and chinese vice premier are expected to meet on or around august 15 to talk about china's commitments and get an update. this was always part of the plan, that they would meet six months after signing the deal, and a reminder that china's on u.s. agricultural -- above 2017 levels. some estimates suggest they are just halfway toward meeting those targets even as they step up purchases of soybeans from the u.s. these

when you look at u.s. equity markets, they seem to be shrugging off any worries of the pandemic as they are finally able to reach this high. a lot of that fueled by retail investors. manus: absolutely. you said it yourself. robinhood investors driving the pump into some of the tech. it's the fastest turnaround on record. 52% rally in the s&p 500. stimulus, perhaps the democrats getting ready to blink. that's step one. on the opposite side, you have of angst with china in terms universities being told to divest. annmarie: those endowments are billions of dollars in chinese stocks. the u.s. state department said it would be prudent to act now. is that a harbinger of what's to come from the u.s. government? will have to see. manus: it could be another executive order. let's have a look at the markets. s&p 500 careening through that high. bank of america says it's not dangerously bullish. 79% of their survey says they expect a stronger economy. this is the asian equity session. capitulation, i would say. the n

and u.s. sanctions on home along the territories chief executive kerry lamb and 10 other chinese officials singled out over the controversial security of. the u.s. a spoken out in defense of a former top saudi intelligence agent who was allegedly targeted in a foil the assassination attempt the state department's describes as a valued partner comes a day off that all jobby filed a lawsuit in washington d.c. accusing the saudi crown prince mohamed bin someone of sending a hit squad to canada to try to kill him the state department says it's concerned about al job these allegations and it says any persecution of his family members back in saudi arabia is unacceptable and it's also being reported that interpol rejected a request to extradite algebra back to saudi. arabia because they said it was politically motivated and well the state department comments or in a letter sent to democratic senator patrick leahy he requested a formal update on the case and it says dr al jobbery has been a valued pa