Orecast indonesia decides later thursday while the boj starts a meeting. A straily markets have just open. Sophie, what are you seeing . Markets have just opened. Saw steepening for u. S. Bonds, pushing the u. S. 10year yield to a fiveweek high, and the kiwi dollar off about. 1 , reversing the earlier spike we saw on the back of new zealand hosting a faster than forecast gdp report on a quarterly basis, which may provide relief to the rbc. Nikkei Futures Holding steady. Were expecting a mixed session in asia as we have plenty of Rate Decisions on tap from indonesia, taiwan, hong kong, along with the boj meeting under japanese as we see stocks perhaps getting a little more love from investors, but not to be loved just yet. Investor view on japan is improving slightly with net 6 of global investors. Paul thanks for that. Lets check in on the first word news now with ritika gupta. Proposed budget for the next fiscal year will approach the equivalent of 1 trillion for a second straight yea
System as it ditches ups and fedex. The year that was. We check out how Big Tech Companies apple and facebook fared in 2019 and how each is set up for the new year. We begin with a look at tech in the markets, most notably, semiconductors. We see that chipmakers bottomed out nearly a year ago and have been on a riproaring rally since then. Micron adding to that sentiment, as the Company Reported firstquarter earnings wednesday. Micron impressed wall street with a strong outlook of between 4. 5 4. 8 billion dollars in revenue. Shortly after the Company Reported, i got insight from Wedbush Securities analyst matt bryson, who joined me on the phone after the analyst call. Matt they are seeing tightness in certain areas. Also, they are calling the bottom for memory in general. They think this Current Quarter is going to be the bottom of the cycle. That fits with the tightness in certain areas. And very much parallels the guidance they gave for gross flat margins, which suggests that prices
Carol plus, we have more from the bloomberg 50. Our exclusive interview with beyond meat founder, ethan brown. Jason first up, the top political story, impeachment. Carol congress will ring in the new year with partisanship and bitter division. Sounds familiar. This time, it is in the form of the Senate Impeachment trial of President Trump. Lets get to a reporter josh green with more on that. The impeachment trial a big story this week. You have a fascinating story that talks about how, with everything going on in terms of impeachment, this could benefit joe biden. Josh yeah, it does. As we look ahead to january and the beginning of the 2020 election voting, one of the Big Questions everybody in washington has is what affect is impeachment going to have on the democratic field . The peace i write in businessweek this week takes a look at joe biden and his situation. One of the ironies of the impeachment trial is that it came about because President Trump thought that joe biden looked l
Youre in the United States, we are seeing stocks come off their highs. The s p up 0. 1 . Apple contributing big, up 0. 5 on a positive note. Tesla is down about 0. 3 . Lets get straight to someone who can tell us more about all of that. Joining us from dallas is Burns Mckinney, Allianz Global Investors managing director and Portfolio Manager. We are seeing a mill top in the stock market a melt up in the market through christmas. Nothing major, but we didnt really make any losses. We didnt lose anything we gain through the year. Tot you attribute that what do you attribute that . Burns volumes are very low this time of year, so it doesnt take a lot to drive markets up. This is probably just a bit of a continuation of the early Christmas Gift that the markets got in middecember, where they resolved several geopolitical issues that had been weighing on uncertainty. Namely, the resolution or the detente in the u. S. China trade relations, as well as brexit, and establishment that the fed d
Logistics partners ups and fedex. Tech out how big Cap Companies apple and facebook fared in 2019 and how each is set up for the new year. A look at tech in the markets most notably semiconductors, taking a look at the stock index, we see that chipmakers a bottomed out nearly a year ago and have been on a rally since then. Chipmaker micron adding to that they reported firstquarter earnings this week. Have a strong outlook between four and a half and 4. 8 million in revenue. Shortly after the Company Reported i got insight from the whorities and analyst joined me on the phone. They are seeing tightness in certain areas. Also they are calling the bottom for memory in general. They think this Current Quarter will be the bottom of the cycle. That fits with the tightness. It fits with the fact that they it also very much parallels the guidance they gave for flat gross margins, which again suggests that pricing is normalizing finally. Does this have any implications for an expansion of capac