Asia. Coming to you live from new york city and hong kong. We are counting down to asias major market opens. Paul the top stories this hour, asian stocks poised for the next open with chinas july activity data ahead. Argentinian assets and in freefall with the government valuing the peso is a political outsider shakeup the election race. Chinas property crisis is rippling into the 3 trillion Wealth Management industry. Miss payments on Investment Products highlighting wide arrests. We meet the man who could be taiwans next president. He tells us exclusively how he plans to reissue voters and maintain peace. Shery look at how u. S. Traders are issuing. We are seeing outside after we saw major indices in the new york session gaining ground. Tech stocks leading the gain, seeing the best day in two weeks. It was low volumes across the board. We are talking about august as a slow month. Even small moves can make a big difference. The russell 2000, smaller stocks, falling to that onemonth lo
Secured their biggest pay rise since 1991, giving the central bank the confidence to make its move. One that puts decades of deflation in the rear view mirror. Lets go live to shizuoka in japan and Seijiro Takeshita professor at the univesity of shizuoka. Good to have you on the programme. We knew this was coming, it has happened, give us your reaction. Us your reaction. Well, as you said, it us your reaction. Well, as you said. It was us your reaction. Well, as you said, it was expected us your reaction. Well, as you said, it was expected because of the Pre Requisites were set, basically, 5. 2 increase by Larger Companies, pay rise. We expected only form per sense of that history very well. We have the Inflation Target which is to present a morejust been fulfilled so basically, prerequisites for lifting off from this secure operation of negative Interest Rate is finally here. It negative Interest Rate is finally here. Finally here. It is finally here, finally here. It is finally here.
Difficulty of hitting it. They need to hit it if you are tesla or apple. Lets begin with apple. This from counterpoint research. Iphone sales in china following 24 . Lisa how much it this weakness in china and how much is this the nationalism around huawei and going away from apple phones . These are the Big Questions from apple and tesla. How much is this is endemic of an economy that is slowing. Jonathan lets go through these numbers from tesla. Tesla had a difficult session. The numbers from the china Passenger Car association, shipments out of the shanghai factory down 6 month on month and year down 19 . Lisa this is the reason you are seeing shares down 2 . Tesla is down more than 50 from its peak in 2021. This is very much a china story about demand for u. S. Auto manufacturers. It is hard for them to hit the price point. It is also about the idea u. S. And china are moving farther apart. He saw this with amd and regular issues that would get in the way of commerce. Jonathan tesl
Eagerly awaiting that. Thats the song. That is the white house. Good morning. 10 00 eastern time. Lets get to the many, still seeing get green, down one hundred 78, nasdaq one hundred 30, the 10 year treasury yield is down back to 4. 08 , the nasdaq liked that. The price of oil 78 a barrel this morning and Bitcoin Holding onto it gains a, 67,180 as of now. Now this. Its going to be a rematch. Either going to be debates . Absolutely says donald trump. Anywhere anytime anyplace. President biden, peter doocy did ask karine jeanpierre. Now that the field is down to twos President Biden going to commit to a debate with donald trump . That something for the campaign to speak to. We know when the debates are going to be, where they are going to be. Is he going to go . You should speak to the campaign. In 2,020 want to got down to one on one President Biden said i can hardly wait to debate. How about that . You should reach out to the campaign. Stuart they are not too keen on debates and we al
Katie welcome to Bloomberg Markets. You take a look at these markets and you can see there is green on the screen. The s p 500 is up by about 0. 5 . Compared to what we been seeing, its exciting. The nasdaq 100 is seeing a bigger game, up about 0. 8 . Weve been talking that inflation data coming in as expected with a bit of a relief there and you can see that in the bond market as well. Not huge moves that its the direction of travel. You have yields moving lower right now to the tune of four basis points on your 10 year treasury yield after the feds preferred gauge of underlying inflation, the pce rose in january as expected, supporting the feds patient approach. For more, were joined by mike mckee. After what we saw in cpi, this is probably good news for the fed . Mike its good news for wall street. You probably heard that big whoosh at 8 30 a. M. In the pc was a little higher than its been in recent months but it is not too high and a yearoveryear basis, inflation is still going dow