Europe is a big week personal income and spending is roughly in line. Our road map begins with apple, nearing an all time high, expanding ipad and air pod demand, Services Growth offsetting that demand social media twitter banning political ads, facebook defending its decision not to, saying, quote, its not all about money, facebook shares by the way rallying on those earnings head winds, markets are set for a mixed open, a report about chinas longterm doubts about a trade deal with this white house. Well begin with apple, though, higher than better expected revenue, despite iphone sales, results got a boost from stronger demand for ipads and air pods as well as growth in services they are issuing upbeat quarter guidance jim and josh lipton talked to tim cook about better sentiment in china as well. I was surprised with that, when talking with tim and with josh and on the street the whole tone of the discussion was that things are pretty much on track, more than we realize optimism by
Moment suffering from poor auto news from the u. S. Lets look at the topix auto and equipment index, which is leaving things down 1 at the moment. We are looking at financials as well. This is where the main drag is coming from the aussie market. The government issued this broadside to banks. They cut Interest Rates, but they dont pass those cuts down to the customer, if you will. Warning shots across the bow. 10 year yields, looking closely at what is going on in the manufacturing position not much going on, bund yields klein byet yields but yields climb below. They are perhaps ratcheting the expectation forward. New york crude up 1 . Barrel. , . 18 per we have this hurricane in the north atlantic. Affectingthe moment, shipping lanes. That is why we have the price of crude being affected by that. It looks like it should slide into ireland and the u. K. As well. The weather factor is playing a role in this, too. Lets have a look at what is going on first word newswise as we go to new y
Be 50 bits rather than 25. 00 and just before the g. D. P. Figure was released finance minister some of them are on announce that 10 Public Sector banks would be collapse into 4 after the mergers there would be a total of 12 Public Sector banks there were as many as 27 Public Sector banks and 2017 and the sector has been dramatically undermined in recent years by a rising tide of bad loans on loss and confidence in the wake of scandalous collapse of Punjab National bank the revelations of fraud in 2018. Turning to another flood the economy argentinas move to renegotiate 101000000000. 00 in debt was briefly labeled as a selective default by the movies Rating Agency in a statement moodys cited the macro administrations failure to sell bonds to finance approaching Debt Repayment payment deadlines and said quote following the continued inability to play a short term paper with private sector Market Participants. Government unilaterally extended the maturity of all short term paper on augus
Keep them afloat for a while. Well i think its going to help china you have to remember that he didnt 1st announce that hes going to raise prices on all the models its somewhere around 12000. 00 on each vehicle and he was increasing those amounts at the price point in order to compensate for that 10 percent tariff now that hes got the tariff break and hes exempt from it he has not lowered the prices so thats going to be more profit which is what they need i know hes producing as many vehicles as he can as possible shipping them into china as quickly as possible however electric vehicle sales are just not there of the demand for them wasnt what it was and the incentive from the Chinese Government is no longer in place so lets hope that he can sell some of those vehicles and they dont just sit there and lauren following up on we talk about some other sort of failures to execute with specific plans but looking at the core Marketing Strategy for the brand they have sold their cars as kind
Theyre cooking on fire. Right i mean i think the whole thing with electric vehicles the people that are buying them and those people that can afford them and so that means that were looking at. It was strictly those people that believed in not just green energy but also the fact that they had enough money and they were getting that 7500. 00 tax credit which is now gone on tesla vehicles and then of course your state credits if you can afford to buy a new car most people cant so its those wealthy people and if you look at the average buyer of a tesla they make about a quarter 1000000 dollars now that youve got other cars in that marketplace the jaguar i pace the audi eat try and see these has a car youre looking at b. M. W. All the Premium Brands are bringing in plug in the electrics as well as all electric vehicles and they are taking a piece of his market share because its who comes to market 1st choose the 1st one to show up at the country club saying ive got to bring new audi tried