Income fell less than expected. Shery lets get you started with the quick check of the market close. A risk on that with the s p 500 rallying 1. 5 percent. Every sector was in the green. Investors had a lot to digest, from positive trade headlines in hong kong and argentina, not to mention a strong economic number. Wen it comes to the s p 500, saw the makers and sellers of toys and clothing and electronics really surge after President Trump delayed that extra 10 tariff on additional chinese goods. The nasdaq also gaining almost 2 and the dow rallying more than 370 points. The trade headlines came a little bit after we got those ,urprisingly strong cpi numbers to avert the argument that we could continue to see the fed cutting rates. Futures at the moment unchanged, but lets see how they react as the trading continues in asia. Sophie we are set to echo some of that tariff delayed relief futures in asia, a busy day for earnings and data. Unaudited cash profit coming in additionsnk said w
The u. S. Team may ahead to beijing for new facetoface negotiations if talks over the phone go well this week. Shery later in Bloomberg Technology global link, we take a look at all the concerns around the facebook crypto push. Why analysts say libra is fanning the flames for critics. First, lets get you started with a first check of how markets closed on monday the u. S. We have equity markets fluctuating between gains and losses, just the finish slightly higher. Investors pretty much focused on secondquarter earnings. We had tech stocks leading the rally with the nasdaq up 2 10 of 1 . Steel stocks gaining ground after white house advisor Peter Navarro talked about an executive order to have Companies Use more domestic steel and iron for federal contracts. Pressure coming from the Energy Sector and financials. A mixed bag of earnings for citigroup which plans to kick off the secondquarter earnings season. Trading revenue dissing estimates. Citigroup leading the estimates. Every member
The annual earnings forecast falls short. Shery lets get a quick check of the markets close. The s p 500 fell the most since may 31. The 10 year yield fell below 2 . It was already a shaky day when he came to the equity markets. Rising geopolitical tensions between the u. S. And iran, not to mention a drop in Consumer Confidence as well as numbers that dampened investor sentiment. In you have the fed chair Jerome Powell and the st. Louis fed speaking, investors did not like what they heard, saying a july rate cut should be limited. We saw every sector on the s p 500 in the red, tech and communication stocks leading the decline. Gold jumping the most in six years, not to mention the yen also rallying. U. S. Futures at the moment really not doing much. Lets see how we are setting up for asia. Asian futures appointing lower, going into it the session. It may complicate u. S. Secretary of state pompeos visit to india this week. In new zealand, kiwi stocks trading flat, halting a sevenday a
The black friday search makes him 100 billion man. Hello from sydney where it is past 9 a. M. This is daybreak australia. Asiasan hour away from opening markets. And 5 p. M. In new york on the sunday evening, i am betty lou. To the mallst out and the shopping district. What is going to move in the markets come monday is going to be some of those retail stocks. Lets pull up the shares quickly. Amazon inns in anticipation of good black friday weekend sales. Paul, black friday didnt come with it came with some glitches. Macys had some problems online and walmart saw some of their sales in their physical stores. That will be the focus on the monday trade. Paul i have seen some doubters adjusting black friday stick black friday sales may top five alien, which is a record, and there is still cyber monday to come. Seem toasia it doesnt be feeding through to futures here. Over new zealand we have already gotten looking kind of fat desk looking kind of flat. The future of australias looking kin
Just passed and then 00 a. M. This is daybreak australia. Just past 5 00 p. M. Here in new york. Day here in new york. That is for the weather. In terms of the feeling here, the sentiment, we are all focusing on what is happening with this partial Government Shutdown. It is interesting because over the first 2440 eight hours, not so much is happening. You could look at what is happening on friday, investors were we hit records for the s p 500, as well as the dow excuse me, the nasdaq. The dow getting close to its record. It seems that people are thinking that it will it will not make much of a difference. When u. S. Markets open here on monday it might be a different story. Lets check at the dollar. We have been seeing the fall over the past few days. Earlier in falling terms of its relativity to the euro, especially with german chancellor Angela Merkel seeing that step towards a new graham coalition between the social democrats as well as cdu. It will be interesting to see as those ta