India is under a lot of pressure to respond to China after a border clash high in the Himalayas left 20 Indian soldiers dead, Jingdong Yuan, an associate professor at the University of Sydney, told CNBC.
A “violent face-off” occurred Monday evening along the border in the Galwan Valley in Ladakh, where soldiers from India and China have been locked in a standoff since May.
The unemployment rate is expected to have hit nearly 20%, with 20.5 million jobs lost in April and millions more expected in May data, which will be released at 8:30 a.m. ET Friday.
Economists expect to see another 8.33 million job losses in May, but they say the June report should turn positive.
What’s on the horizon? Imagine shorter lines, cruising through checkpoints and not touching anything — except for your mobile phone — from your car door to your airplane seat. In fact, the technology to do this already exists.
Futures contracts tied to the major U.S. stock indexes idled during the overnight session Wednesday evening on the heels of yet another robust day on Wall Street and amid one the market’s strongest rebounds on record.
U.S. stock futures rose in overnight trading as Wall Street continues to rally on optimism over economies emerging from coronavirus-led shutdowns.
Dow futures rose more than 100 points, indicating a gain of 0.35% at the open on Wednesday. The S&P 500 and Nasdaq were also up, indicating gains of 9 points and 23 points, respectively.
Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow.
The S&P 500 gained 0.8% to close at 3,080.82, reaching its session high with less than 30 minutes left in the session. Tuesday’s gains put the S&P 500 up more than 40% from its late-March intraday low.
The stock market’s internal rotation into beaten down names, like airlines and small caps, is expected to continue to be a theme in the week ahead as the economy continues to reopen.
Rising tensions between Washington and Beijing could become an increasing headwind for stocks, particularly the technology sector, which is most exposed on a revenue basis and through its supply chain.
United is cutting 13 of its 67 officers to try to save money because of coronavirus.
The departures will be effective Oct. 1, after the terms of billions in federal aid expire.
United and other airlines have been urging employees to take buyouts and other voluntary separation packages.
Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains. That announcement came after China approved a national security bill for Hong Kong that experts warn could endanger the city’s “one party, two systems” principle. That principle allows for additional freedoms that mainland China residents don’t have.
