President trump hinted negotiations with china might be called off. In hongeek of protests kong as business increasingly takes a hit. Get started with a quick check of the markets. U. S. Closed friday, stocks sagged on escalating trade tension. S p 500 down 7 10 of 1 . Falls afterng about the yuan devaluation. Losses were led by tech and energy stocks. Point the s p 500 falling 1. 3 after President Trump said next months talks could get canceled. Were paredse losses back after white house officials those back some of concerns. Semiconductors took some of the biggest hits. U. S. Futures unchanged at the moment. We will see how we are setting up for the market open in asia. Futures are pointing to a mixed reaction in asia. Friday thaty on trade talks could be called off. Is getting ready to release that list of chinese products to be slapped with 10 tariffs. Showing someoul weakness. We will be watching for to have his meeting with advisors. South korea and the philippines said to have t
Watering 5 billion. The implications of unrest, weeks of protest and hong kong. The effect on the citys top names. Shery we are seeing pictures being pressured down half a percent on that news that the white house is halting any licenses for businesses to work. Ith hallway huawei this after a stellar performance. Green. Ector was in the the s p 500 was able to erase this weeks loss. Nasdaq two and a quarter percent. The Energy Sector leading those rises, gaining ground with news that saudi arabia was in touch orbital in and order to slow the decline. Lily catching the eye of investors. Lets see how we are shaping up in asia. Pointing to a mixed open. Futures down almost. 5 , but in sydney, seeing a little bit of positivity. That sentiment is strongerthanexpected and it was shortlived. Bloomberg reporting that the u. S. Is planning to publish that final list in chinese imports. They plan to hit with tariffs this week or early next. Reporting the white house is holding off the decision o
President trump will delay china. Nal tariffs on markets rally on the news of apple surging 4 . The cbsviacom romance leads to a waiting. The megamerger shery breaking news out of south korea. We have the Unemployment Rate for the month of july coming in at 4 . That was as analysts expected. The third month in a row that stayed at 4 . South korea added 299,000 jobs in july, higher than the 281,000 they added in june. The south korean economy and job market being highly supported by government job creation. We are expecting the extra budget set to pass parliament at the start of august to also give more support for the job market. Exportseantime, continue to plunge in south korea, now headed to the ninth month of export declines in august. We have seen the weakness in w theon throughout these the south korean won. In hongrn to sophie kong for a check on where markets are headed this morning. Sophie we have plenty more data to come through from asia including a check on chinas monthly ac
All because of an announcement that it will cut 400 jobs from its marketing unit, one third of the Marketing Department globally. This happened according to an email from the ceo earlier today. Is also falling close to about 4 . The coo is leaving. Said theyders of lyft would not ira replacement ends not higher a replacement and instead delegate the responsibilities. Largely expected the fed will cut rates. Theres a 20 chance they could cut by 50. Lets look at a pretty interesting chart that goes back five years. In blue, the fed funds future yield. In white, the s p 500. Correlatedtwo were until this year with the feds pivot. We also see the fed funds future yield also possibly bottoming out which suggests jay powell has a delicate task ahead to keep both bond and stockholders happy. You see the big divergence there, that if yields were to should backup, it may take a bite out of the rally. Romaine beyond meet, one of the most popular companies, reporting earnings. It looks like it di
A 5 billionwith fine off it scandal. Shery lets get you started with a quick check of how the markets closed in the u. S. To recordor indices saw a highs with the s p 500 topping 3000 for the first time. The dow gained. 9 . Tech in industrials leading the gains. The Energy Sector saw some gains as we had crude rallying on the potential impact of Tropical Storm bailey very. Barry. \ we had Producer Price inflation looking affecting the outlook of the Federal Reserve. Witht seeing record games the s p 500 gaining for a second consecutive week. Lets see how the markets are setting up as japan is away on holiday. Sophie investors wanted to contend with a stronger yen, which is below 1. 08 against the greenback. Eased theirhave earlier advance. Marginally higher. Could be set for another day of gains. Could see another day of close record closes. Tested as the be japan and korea spat wears on. We were expecting a cautious a data dump await from china, economists predicting the slowest annua