Joy for amazon after poorly profit falls for the first time in more than two years. Shery mike pence sends messages of support to hong kong protesters. Check of theuick markets. Australia has open. Sophie . Sophie we are headed for mixed start with aussie stocks nudging higher by. 1 . Set 45th day of gains. Looking for the 6700 level. Those companies have reported with more due today. We are watching Samsung Electronics on the vice chairmans retrials for his bribery case. The south korean government is announcing this morning at the country will give up its withoping nations status the wto. Checking in on aussie bonds. The 10 year yield a creeping back toward 1 . Pimco snapping up australian state debt. Of the as speculation are present and rba have to follow the fed and have quantitative easing. Euro, slipping to a oneweek low. Advance. Ed its early pmi, split, on the thought of whether a boost in the pound would result from brexit. Shery we have breaking news. Budweiser brewing for a
The president has completed meetings already with russias vladimir putin, the japanese Prime Minister, and indias modi but it is the oneonone with chinas xi jinping that has the potential to be the most marketmoving event. So it will be very critical for wall street, the u. S. Economy and the rest of the world. Bank of America Merrill lynch analyst says if a deal is struck, the s p could sail over the 3100 mark but if President Trump doesnt like the tone of talks and perhaps slaps new tariffs on more chinese goods and materials, the broader index could drop 5 . That would equal roughly 150 points from where we are right now. And there is latebreaking news from osaka. A trade deal could be on the verge of being struck, but its not between the u. S. And china. We will take you there for the up to the minute developments. China, a big topic during last nights democratic president ial debate. Hear what some of the 2020 candidates have to say about the way President Trump is dealing with th
About industry issues. We are going deeper than normal and i think that is good. We encourage that. There is always politics in the background steady. , you need to keep going. Plus, facebook reveals the project that goes beyond social. The coo says the company is ready to embrace it. Companies like ours should not make as many decisions as we do, we know that. It is all straight ahead on bloomberg best. Emma hello and welcome. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines and last weeks protests against an extradition law in hong kong continue over the weekend. The government responding to extreme public pressure. Hong kongs leader made a rare apology over her proposed extradition bill, this after hundreds of thousands of protesters took to the streets for a second sunday in a row. The government suspended the bill saturday, but that did
The boeing ceo speaks frankly about industry issues. We are going deeper than normal and i think that is good. We encourage that. We need to keep going steady. Plus, facebook reveals the project that goes beyond social. The coo says the company is ready to embrace it. It is all straight ahead on bloomberg best. Welcome, this is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines and protests in hong kong continue over the weekend. Hong kongs leader made a rare apology, this after hundreds of thousands of protesters took to the streets in the government suspended the bill saturday, but that did not stop more mass protests, demanding complete withdrawal of he bill. What we have not seen a full withdrawal of the bill, but we have heard from some over the weekend. She says a confession is equivalent to a withdrawal because in a way, they dont have enough ti
Was purposely weakening the euro today. And we continue to see euro strength relative to dollar weakness. Draghiat is not what wants, he defined as not want a stronger euro at this point. And he was pushing back against the president. European equities going nowhere in a hurry today. The volume is actually reasonably ok. Some of the defensive names being sold off today, and you are also seeing something of a selloff when it comes to the bond markets. A little bit former come up by three basis points on the german tenyear. Today, just firming up a little happenswe wait what with the fed a little later on. ,he turkish lira, there were real weaknesses within earlier as there was talk of increasing sanctions on ankara as a result of the potential decision by the country to buy the s400 Missile System from russia. That really got the. Markets. Of the the dollar weakness has crept into the story and now, that is feeding on the turkish lira. Let us talk about the fed. As you say, taylor, it i