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
Rishaad just looking at what is going on, you would think asian equities would be expensive relative to the u. S. They beat the s p 500. I want to bring up this chart. If anything, pricetobook ratio, and forward asiatoearnings spreads, stocks looking more attractive compared to u. S. Counterparts. Those spreads have widened to four. Nus there we have it. The rally could have legs. Fascinating its not just a more by you, but getting cheaper. Have not seen the political dysfunction in Washington Play out when it comes to the markets , and some jitters in the asian session. The last time we had a the lastt shutdown, three times, the s p 500 gained. Three, so wen day not just asian equities, but in the u. S. As well. Decisionsnk dominating the agenda, as well as u. S. Gdp. Sophie kamaruddin joining us now. Jitters. E do have asian stocks kicking off the session subdued. Japanese stocks are slipping as the boj policy decision is due tuesday. Lets check the open. We do have the taiex gaining
Us now for the kaiser report looking into the ongoing turmoil on the global stock markets. I am x. Cause or this is the kaiser report lets talk about the overall economy hows it doing max were talking about the g. D. P. Now forecast Atlanta Office of the Federal Reserve predicting a five point four percent g. D. P. In q one two thousand and eighteen preston j. Byrne response wow these are reagan early one nine hundred eighty s. Numbers thats a lot of growth brought on by a policy is that would stimulate growth so what is the opposition going to say to try to make this sound bad i dont know well i imagine youre a guest in the second half is going to say the atlanta fed has always had an outlier saying wow the economy is booming and in fact theyll have to revise it down to like two or three percent right now theyre saying its five point four percent it could just be a parting gift for janet yellen who was the chairwoman of the Federal Reserve i can pull up my collar in honor of her you k
American jobs. Kathleen breaking news on south koreas labor market, we have the Unemployment Rate now at 3. 6 over last year, it was bute point six in december, that is what we are getting so far on this number. Number on thetant context of the korean economy, it is an area where that has been strength, and exports very strong. This closelytching to see how this affects the bank of korea in the next meeting. Holdingemployment rate steady at 3. 6 . And life pictures, lets take a listen. It is great to be here, it was eight years ago i just turned 80. I never really talked to any graduation groups or anything of the sort it was not on bucket list particularly. And then i got invited to go to and i met a truly , whether it was male, female, hispanic, africanamerican, whether it might be, these people have one thing in common. They knew they had it within themselves, they knew they could be something beyond they were. They were willing to put their time and energies to better when i saw at
President of south africa. The new leader pledges to tackle corruption and boost the economy. Where we begin in turkey the u. S. Secretary of state Rex Tillerson is wrapping up his visit. On thursday, tillerson met with the turkish president for 3. 5 hours. Washington and ankara are at odds as turkey continues its operations against kurds in northern syria, the same group the u. S. Relies on in the fight against the Islamic State group. Lets listen to the Turkish Foreign minister speaking earlier today. Relations between our countries are at a critical turning point. We can either resolve the situation now or let things worsen. But with the will shown yesterday, we have both agreed to normalize relations. Anchor for more on what came out of todays press conference, we cross to Jasper Mortimer covering events for us. What came out of todays conference . Reporter there were basically two messages. One was concrcrete and ththe otr was emotional. The emotional one was a clear indication bo