Purchases. They remain over odds on that. Apple and nike are leading the dow higher joining us for the hour to talk about all of that stephanie link, a tiaa company relatively quiet day but that doesnt mean that theres nothing going on we had Economic Data and now this headline with u. S. And china still at odds. Here we go again. I thought the data today, the Economic Data was the driver pretty good. Initial claims, the trade data in general thats going to help Fourth Quarter gdp i thought this week ism services was pretty good. Were seeing okay. Overseas were seeing some pretty good data especially the pmis in china, europe, europe gdp today no worse than expected all of this seems to be setting up for better growth for 2020. We just need trade resolution one way or the other german factory orders and retail sales softer than expected i get the trend is less bad in general in the last month. Factory orders actually was revised last month higher. Lets see. Less bad, but i think theres
Bbc. Co. Uk news and the news app. Now on bbc news live to singapore for Asia Business report. Opaque is about to announce further production cuts just as saudi ramcos confirmed to be the worlds biggest share sale ever opec. Japan unveils massive stimulus measures but is further spending a goodidea measures but is further spending a good idea given its massive debt . Hello and welcome to this friday edition of Asia Business report, im sharanjit leyl. Edition of Asia Business report, im shara njit leyl. We edition of Asia Business report, im sharanjit leyl. We begin with oil prices, which are trading at two month highs Energy Markets have been on edge as opec plus russia are due to announce their decision on further production cuts after their two day meeting in vienna. The group has been controlling output in the last few years to keep prices buoyant, and its tough at toledo, saudi arabia, has been pushing for further cuts to keep them high ahead of saudi aramcos stock market debut its
Global slowdown is the new reality. A booming bio tech stock shares this company doubled in the past week. The ceo will be here to explain why the party isnt over yet the power lunch party starts right now. The s p down about quarter percent. That would be coke up more than 2 we start with the big story of the hour. Boeing shares are near session lows as it deals with more fall out from 737 max safety issues lets go straight to phil for these developing details phil this is all about a document that boeing turned over late yesterday to congressional staffers who have been investigating the 737 max. This is a copy of that document. Were not going to read all the mes messag messages he said i lied unknowingly it was alerted to the faa and the head of the faa steve dixon. Why didnt we have this sooner . Boeing responded to the story as it developed over the last couple of hours saying over the past several months boeing has been voluntarily cooperating with the house transportation and in
Now. We are at session highs however modest they may be the dow wiping out early losses after white house economic advisers wraps up expectations dont look now, the russell 2000 has entered a death cross well have more on what that is, what it means later, kelly, this hour sounds scary. Lets get more on todays big intraday turn around from bob who is watching the action at the New York Stock Exchange. China trade talk moving the market you heard about mr. Kudlow speaking early one of the comments he made, delisting chinese economy not on the table. A bit lart on, this moved the market more importantly here chinese is ready to do a deal on the parts of the negotiations both sides agree upon. This is part of that 80 deal that we have been talking about for many months. Not only did u. S. Stocks move, chinese stocks move to predictably u. S. Cyclical groups moved into positive territory. Serks mis were negative, materials, industrials, banks. Yields moved up. This 80 deal we keep talk abo
Watching artsy international on rise on a local to welcome to the program. The u. S. Secretary of state mike compare has accused iran of an act of war against saudi arabia following the recent bombing of Saudi Oil Refineries top u. S. Security officials met on thursday to discuss possible military options against tehran which denies any involvement in the attack meanwhile President Trump says he still hoping for a peaceful solution. I mean you may have some very strong here who will see what happens a lot of things could happen if we can have a peaceful solution thats good its possible that that wont happen mike pompei is currently on the middle east tour trying to shore up support for action against iran the u. S. Says it is confident iran was behind saturdays drona missile strikes on Saudi Oil Facilities aunties more against the of looks at what evidence has been presented so far it has been decided that iran did it and that started opinion finding with the result of an investigation