Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has shaken the markets. We did see these numbers coming in stronger than expected, aggregate financing expanding to just over 200 bil
Here on on air. Nightly news will be covering it and well have the latest tonight on nbc bay area news at 6 00. Other headline. A bizarre kidnapping attempt in San Francisco aed toler nearly snatched from his mother tp to your thanks to the Good Samaritans a safe ending. Workers wrestled a to the ground as she tried to take theed toled toler. Janelle police are telling me the woman appears to be homeless and mentally unbalanced may have believed the 2yearold she tried to take was her own child. Police have in the yet goven this womans name but she is 33 years old and being booked into jail for suspected kidnapping. Witnesses say she tried to grab a 2yearold boy from his mother. And then the woman, the suspect swooped and tried to take the little boy. And within seconds i mean there was just other people were after the suspect. It was just a huge people on the. Reporter the woman and her son hurried way. Were trying not to traumaticize him if thats okay. Police are reviewing Surveillanc
This is the scene in the arena after fans say they heard the explosion. Its a terrifying scene. And ariana concert is thousands of young people along with their parents. We are told some people are still unaccounted for process. Theyre all trying to find each other. Ambulances as you can imagine cascaded into the area of the arena. Trying to take care of victims. The 23yearold music superstar, played many times here in the bay area, most recently in late march at sap center in san jose. We are told this evening President Trump has been briefed as to what happened in the uk. Ariana grandes publishist released a to the press that the singer is okay. Well will have update later in the show as we learn more. Thank you very much scott. Again some of the injures were hearing about are from sh rap knell. Another you want in 30 minutes. The train station by the manchester stadium is closed. Of course well follow it. Keept updating on the website and other digital platform as well. Now at 6 00
Rishaad kicking things off with , getting those numbers. How this hass us all turned around in recent months. , the factory gate price number we did have, and well, expecting the same level at the moment. The government crackdown on risky lending. Restocking inventories, and that would mean they do that despite the recent upswing as well. 5. 5 , cpi coming out. Holding steady, that stabilization story that beijing wants to push for this year. We will look at import prices and the impact of technology, whether that is keeping inflation and wage growth far away. Asia, singapore, malaysia, and taiwan coming online. Asian shares tracking wall street. Japanese stocks and shares in sydney leading gains. Tokyo rising the most in three weeks despite the disappointing core machine orders data this morning. The yen trading near a twomonth low, although now deepening losses, 114. 18 right now. Kospi higher, consumer stocks dropping over 1 . On korean won building gains, up. 3 against the dollar.
Singapore, malaise yarks taiwan and the philippines looking quite good. Korea holding on to gains from yesterday. Weakness coming through on the nikkei 225. We had the First Quarter g. D. P. Numbers coming through in line with what the market was looking for. We have seen japanese stocks if you cant. That is due to the fabblingt that we are fact that we are still seeing some weakness. Down. 5 . Still an hour to go in the morning session. Weakness in australia. Down. 2 . Just want to do a quick check on the aussie dollar as we await these dollars coming through out of china. Leaving rates on hold yesterday and the yen continuing to strength playing into the equity market. Through 107, 106. 76, rish. Rishaad we have a survey, Bloomberg Survey expecting more signs of stability but perhaps indications of weakness. Still waiting for the numbers to cross. A little bit delayed today. But youre wait. Were going to see maybe a return to a little bit more weakness. Is that the right way to put i