Investors spooked by rising US-China tensions over Hong Kong | Finance Report

The Australian share market has fallen sharply amid a ramp up in US-China tensions after the Chinese parliament, the National People’s Congress, passed a national security law to crack down on political freedoms in Hong Kong. Read more here: https://www.abc.net.au/news/2020-05-29/dow-jones-retreats-amid-rising-us-china-tensions/12299220?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content … Read more Investors spooked by rising US-China tensions over Hong Kong | Finance Report

Bill Gates-backed biotech company starts phase 1 vaccine trial

A U.S.-based biotech company says it has started a phase one coronavirus vaccine trial with financial support from a group backed by Bill Gates. The trial, taking place in Australia, involves about 130 people aged between 18 and 59. If it’s successful, the Maryland-based company will follow up with trials in more countries. Meanwhile, Dow … Read more Bill Gates-backed biotech company starts phase 1 vaccine trial

Emmerdale’s Harriet The Vicar Reveals her Thoughts On Resuming Filming | This Morning

She’s the feisty policewoman-turned-vicar that has been shaking up the dales for 7 years. Now, Harriet Finch has found herself racked with guilt after betraying her boyfriend Will and having an affair with a past love – DI Malone. Today, Emmerdale star Katherine Dow Blyton joins us to tell us what’s next for Harriet, and … Read more Emmerdale’s Harriet The Vicar Reveals her Thoughts On Resuming Filming | This Morning

Breached Dams, Flooding in Midland, Michigan Threaten Dow Chemical Complex

Dow Chemical activated its emergency operations center after rising waters caused river dams to break in Michigan. President Donald Trump said he’s sending federal emergency workers to Midland, Michigan, where dam failures have flooded a Dow Inc. chemical complex and homes in a disaster that may force the evacuation of more than 10,000 people. After … Read more Breached Dams, Flooding in Midland, Michigan Threaten Dow Chemical Complex

Michigan Gov. Gretchen Whitmer: Dam Failures Are a ‘500-Year Event’

President Donald Trump said he’s sending federal emergency workers to Midland, Michigan, where dam failures have flooded a Dow Inc. chemical complex and homes in a disaster that may force the evacuation of more than 10,000 people. After two days of heavy rainfall, water from Lake Wixom breached one dam yesterday evening and then another … Read more Michigan Gov. Gretchen Whitmer: Dam Failures Are a ‘500-Year Event’

Mnuchin asked if workers should give their lives to increase GDP

In a testy exchange between Ranking Member Sen. Sherrod Brown (D-OH) and Treasury Secretary Steven Mnuchin, Brown asked why the Trump administration is so eager to send employees back to work during uncertain times. “How many workers should give their lives to increase the GDP … or the Dow by 1,000 points?” Brown, a Democrat, … Read more Mnuchin asked if workers should give their lives to increase GDP

Local sharemarket continues rise on hope for Moderna’s COVID-19 vaccine | Finance Report

The ASX jumped today as investors bet on a coronavirus vaccine coming sooner rather than later, particularly after a US drug maker said its early trials showed “promising” results. Read more here: https://www.abc.net.au/news/2020-05-19/dow-jones-surges-912-points-coronavirus-covid19-vaccine/12261700?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on … Read more Local sharemarket continues rise on hope for Moderna’s COVID-19 vaccine | Finance Report

Consumer confidence rebounds record amount in April | Finance Report

The ASX 200 dropped 1.9 per cent early, but steadily regained it’s losses throughout the day to finish 0.4 per cent higher. Consumer sentiment lifted a record amount for April, but there are still more pessimists than optimists out there. Read more here: https://www.abc.net.au/news/2020-05-13/asx-drop-wall-street-dow-jones-coronavirus-covid19-second-wave/12241186?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch … Read more Consumer confidence rebounds record amount in April | Finance Report

US and Australia markets plunge, wiping off a week of gains | Finance Report

The Australian share market has wiped out a week’s worth of gains, ending sharply lower following a broad-based sell-off on Wall Street overnight. The ASX 200 closed down by 5 per cent or 276 points at 5,245 points, just a few points above where it closed last Friday, despite posting three strong sessions this week. … Read more US and Australia markets plunge, wiping off a week of gains | Finance Report

Boeing Cuts 16,000 Jobs In Plans To Survive Coronavirus Crisis

Boeing soared after executives outlined a road map to survive the worst downturn in aviation history, and assured investors that the company has the means to make it through. If all goes to plan, the aerospace titan will be generating cash again by next year. The U.S. planemaker is shrinking its workforce by about 10%, … Read more Boeing Cuts 16,000 Jobs In Plans To Survive Coronavirus Crisis

Westpac sets aside $3.6b for coronavirus debt and AUSTRAC fine | Finance Report

Australia’s second-largest bank Westpac says its upcoming results will suffer a massive hit due to COVID-19, on another volatile day for the ASX. Read more here: https://www.abc.net.au/news/2020-04-28/dow-jones-wall-street-surge-hope-coronavirus-covid19-asx/12191872?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on our … Read more Westpac sets aside $3.6b for coronavirus debt and AUSTRAC fine | Finance Report

US stocks drop 630 points on US oil price crash concerns

United States President Donald Trump has pledged to bail out the US oil industry after the US futures market plunged into negative territory for the first time ever on Monday. That volatility saw US stocks close in the red for a second straight day. The Dow Jones Index lost nearly 2 percent just after it … Read more US stocks drop 630 points on US oil price crash concerns

The market is up, but business confidence is down – only one can be right | Finance Report

The disconnect between economic surveys and predictions and the financial markets is starting to get extreme – one of them is wrong. Business confidence has collapsed to its lowest point ever, and the unemployment rate is expected to hit 10%, yet the sharemarket has been rising since March the 23rd. Read more here: https://www.abc.net.au/news/2020-04-14/dow-jones-wall-street-asx-coronavirus-market-confidence/12146232?section=business For … Read more The market is up, but business confidence is down – only one can be right | Finance Report

Louise Yamada Says Dow in Bear Market Rally

Apr.08 — In this edition of “Smart Charts,” Louise Yamada, managing director of Louise Yamada Technical Advisors, examines the recent performance of the Dow Jones Industrial Average index, Wells Fargo, and monthly moment indicator with Bloomberg’s Taylor Riggs on “Bloomberg Markets: What’d You Miss?”

Reserve Bank leaves rates on hold, quantitative easing to continue | ABC News

Having cut the cash rate between meetings to 0.25 per cent, there was never going to be another rate cut today, but the Reserve Bank did say it has now bought about $36 billion worth of government bonds on the market, injecting that much freshly made money into the system. Governor Philip Lowe said today … Read more Reserve Bank leaves rates on hold, quantitative easing to continue | ABC News