Hello from sydney where it is just past 9 00 a. M. We are one hour out from the open of asias major markets. It is just after 5 00 here in new york. Over the next hour we will be all the action will be playing into the trading day. It is fortunate were not seeing a lot of ripples in the economy because we have enough ripples going on in washington these days. That is occupying the headlines. Friday cameob data in below estimates but wages gained into did not disrupt the view the fed is on track for at least three Interest Rate hikes this year. S p adding on record gains, the , acceleratinggher up over 200 points. Tech stocks continue to be another bright spot in the market. That momentum we saw in tech stopping at17 not least in the first week of january. Haidi it has been a stellar start to the year. The question this week will be whether low inflation is a goldilocks situation and continues. It culminates in Inflation Numbers in the u. S. At the end of the week. In the meantime we ha
Where theres you know, theyre used to a lot of cold weather. Theres a lot of soul searching going on inside the ioc. We have curling we have curling i watched that in person. It was very tense really tense once it was the eighth frame, they went up five points you sort of knew what was going on we had a guy sitting next to us doing his own play by play which helped in terms of some of the rules. Did you edit the Cross Country tape were you okay on this . I didnt fall so its like downhill kind of did you go up any hills its more like ice skating. All right welcome back. Lets check the markets after yesterdays 400point rally for the dow. The blue chips are up 10 since the lows of february 9th the nasdaq up more, its recovered all of its losses. Nasdaq 1 from its high that it hit back on january 29th the dow is still off by 3. 5 from the january 26th highs. Look at whats been happening this morning in the u. S. Equity futures. At this point, you can see where we are the nasdaq off by 1 th
The potential for continued supply cuts. We will examine all of those questions over the next two hours, but we are 30 minutes into the trading day of the u. S. Abigail small trading moves for the averag major averages. We are looking at the possibility of another record high. Take a look at the dow with a fractional gain. That puts the dow on pace for another record closing high. It is very early in the day, but this will follow two days of records. However, the s p 500 and the nasdaq is still in the red. Yesterday, they follow the diet dow higher. 4 10 of 1 . Down for a third day in a row and it seems investors are selling the news of the iphone x that was well received by analysts with the stock up more than 35 of the year. Some investors to be taking profits. We have facebook lower and nvidia lower. Take a look at Gilead Sciences down 2. 3 as the company has had to sell some debt. At the topake a look sectors, device sector for the s p 500. This is the Energy Sector up, driven by o
Taxes and nuclear topping the agenda as candidates stake out their campaign ground. Sayse the baidu President Donald Trump is bad for the world. We hear exclusively from chung. Let us show you the reaction to what happened last week to the move on the reserve rate in china. Happenedou what has because we have Smaller Banks with different reserve ratios to the larger ones. It could boost the confidence of investors in china. Not to say china is turning to easing policy but there is a vast improvement. One of the strongest Central Banks can execute some easing when required. You can see this as the reserve cut is taking place. Interest rates, 4. 3 , way above 1. 75 interestts rate there. Inflation at about the same, about 2 . Releasedhe pboc september new lending today. That is what we are looking for. Paul allen has the first word news. Has baidus president warned that President Trump approach to free trade may be bad for the world. He said protectionist policies would limit flow into t
Past 9 00 a. M. , we are an hour away from the open of asias first major market and the start of a new trading week. It is just past 6 00 in new york. Weekend for Central Bank Policy makers the world. I spent the last three or four days in new york. It is kind of like a monetary rock festival. The final act, the g 30 this weeing in new york, the hours in hong kong. We had janet yellen, kuroda, it was amazing. Yes, sort of like coachella for nerds. It is interesting. This kind of mantra of saying we are going to get tightening and we are on track, and yellen and draghi are saying inflation will pick up next year. Have we all been underestimating it . There you go. We will get into this quite a bit through the show, and including the inflation number , a little bit of a sour note but ignored for now. Trying to say quickly, stocks close higher across the border, across the board, bonds rallied after the cpi came in weaker. You can see s p up two points, the dow up about 1 10, the nasdaq g