Welcome to Bloomberg Markets the european open. Im matt miller. Cash trade is less than 30 minutes away. Trump trades antagonism for bipartisan appeal in his first state of the union address, but his opponents find little reason to warm to his vision. What does this mean for his big Spending Plans . And under pressure. Pushing down on may. The u. K. Prime minister tells rebels back home she is not a quitter as she tries to drum up trade in china. Plus, brazil keeps giving for banco santander. Our interview with the chairman in less than an hour. We are less than 30 minutes away from the european open. Take a look first off, at the futures. Drop in u. S. Stocks, we saw a recovery in asian stocks and it looks like this could be the end of the global drought. We do see the ftse futures down, although only just fractionally and use the gains in dax c futures and cac futures. Not quite as tech heavy as the u. S. Stocks got hit the hardest. Lets look at the gmm this morning. As far as the bi
Rishaad looking at the state of the markets, in flux in this part of the world. On wall street, equities ending a winning streak, and this time we cant point the finger at the bond market. Earnings are the primary culprit this time around. A major blow as it has really had some missteps taking on amazon. Haidi a pretty mixed picture going into the proper asian trading session that is underway. We are still watching the bond market. A huge week as u. S. Markets came back from president s day. We had a round of treasury auctions. Take a look at this chart. Pretty staidlly a session. 2. 9 ,year hitting about inching closer to 3 . Twoyear, twomonth and threemonth, they went up to rates we havent seen since 2008. Something of a litmus test in terms of how quickly and how disruptively these yields could rise. It is not how high the yields will go, but how quickly the bond markets will selloff, that will have implications. We will have that 30 minutes away from the open in hong kong. Singapor
Up, and has recouped a lot of losses. Beenlso a big help has stocks trading at a record. As we see stocks here at the highs of the day, and you heard scarlet mention Warren Buffett, ts a cap Archer Hathaway s tradinghathaway higher on the session, and another story on apple that we will be discussing throughout the day is a scoop by our apple reporter sake company is prepared to release a trio of smartphones this year, the largest iphone ever and an upgraded iphone x and a less ed bets of model as well less expensive model. Of thes into the theme tech outperformance we have been watching in todays session. Semi conductors have been outperforming in todays session as well as tech continues to lead gains. There are of number of Telecom Conference is taking place this week so there is of announcements and commentary from this conference is. Volume has been declining to some extent. , you can see the year to date drop and recovery in the s p 500, but volume spiked while stocks were falling
Negotiations was a generous offer. On the other hand, in these times of challenges, the refugees or terrorism, europe and only be strong in every country has results ability. Stephanie european leaders have to decide. Those negotiations over Irans Nuclear program have been extended yet again. John kerry and his iranian counterpart held talks in vienna until early today. The u. S. And other powers want to stop iran from Building Nuclear weapons. In return, they will use economic sanctions. Matt samsung came up short in the Second Quarter. Earnings were made estimate. A big reason was lackluster sales of the new phones. We have more from hong kong. All the hype of the s6 failed to meet market expectations. It wasnt so much demand, but a supply issue with the edge model and the oneofakind curved screen. Constraints lead to shortages. Sales dropped nearly 9 from a year ago. Profit was down 4 . Samsung still struggling to win back customers who switched from the iphone 6. They are losing to
Hear what the Federal Reserve says about Interest Rates after wrapping up its today policy meeting. Its twoday policy meeting. A survey by bloomberg put the odds of a september increase at about 50 . In china, a late rally in stocks. The composite the shanghai composite index rose 3. 4 halting a fallen a fallen one at 11 . The government reports Oil Inventory figures a few hours from now. The congressional review of the Iran Nuclear Deal is entering a new phase today. Managers will hear from defense secretary ash carter and joint chief martin dempsey. House panel quiz secretary of state john kerry yesterday. The more jack dorsey kept talking, the more twitter stocks fell. Down as much as 14 premarket the stock went up yesterday when twitter posted secondquarter revenue that beat estimates. Jack dorsey have not yet had meaningful impact on growing our audience or participation. This is unacceptable and we are not happy about it. Over the past few weeks i have had a deeper understanding