Director. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Bloomberg technology, is next. Emily im emily chang, and this is bloomberg technology, from cupertino, california. Here, featuring and an alleged screen, no home button, and facial Recognition Technology and the price tag 1000. New capabilities allowing runners and sources to leave phones at home and still make calls. The whole event took place at the sprawling apple campus. We are here in front of the steve jobs theater, where it all went down. The phone still the show. Editor at by our large, cory johnson from l. A. Sitting next to me as our bloomberg tech reporter who covers apple and brought us the details before they were told to us today. However, you got to hold the phone and touch it. Im curious about your first impressions. Reporter it is really hot. Its a nice phone. Really cool. Adds to edge. Im sad it does not go on sale unt
The major averages close at record closes yesterday. Today, not so much. The dow is on pace for another record close. The s p 500 earlier today could just put in an alltime high. These are very small moves. However, any green on the screen will mean new record closing highs. With the tiny moves, he probably wont be surprised to know today is the second smallest trading range of the year about five points after yesterdays very matching red below a day back in may. Not a lot of conviction on the part of investors as to what is next. All the different factors from geopolitical tension to apple, little breather today. Let us look at the big movers for the s p 500. At the fact we see plunging 11 . Senators are demanding a probe of the hat. Plus, sale of the stock by executives. Companys plan to aquire. Chesapeake energy is up 7. 4 . Oil. Ng a nice boost from finally, even though we have unchanged stock markets, we do have a bit of a risk on tone. Bonds are trading lower. It is showing by th
Comments out of theboe. You can see how the safety trade is not playing out with dollaryen higher and a mild risk off move after the Missile Launch it now back onto the dollar story. Gold going nowhere. Jonathan potential terrorism in the u. K. , several people injured in an explosion on a subway train in london. Police said they were treating it as terrorism on a number of people were injured, suffering facial burns and some were hurt in a stampede, according to the press association. No word of the whereabouts of the perpetrator. Station inen subway london was cordoned off as police investigated and north korea is another manchild launch Missile Launch in japan after the United Nations approved harsher sanctions against the regime while Rex Tillerson says these continued provocations deep in the north korean diplomatic and economic isolation. Joined by our chief agent economics correspondents. Editor forcutive international government. Walk three details as they come through in londo
More coming up with stefano pe ssina. A mixed bag when it comes to equities yesterday. Weighing the culmination of the two date fed meeting. Currencies rising against the dollar. Strategists are revising their estimate for the pound after last week. The boe signaling it would withdraw stimulus after the 3 increase on thursday. The sterling is the blue line here. The white line is the dollar. There is a gap between the two. Theirts have all revised evaluations since thursday. The market is now pricing in at pricing in a 61 chance rate hike in november. Keep an eye on the forecasts. We are getting some data out of germany, Investor Confidence is rising which is a sign that concerns over the strengthening euro is dissipating somewhat. The euro showing signs of stabilizing after climbing 14 against the dollar. Closelypolicymakers are Monitoring Exchange elements. The countrys economy is expected to continue with its strong expansion in the third quarter. The pickup in german Investor Confi
Lets look where european equities are trading. Just under 30 minutes to the close of equity trading. This is the stoxx 600 and different industry groups. We are off by 1 10 of a percent. Mixed picture Energy Stocks outperforming. We are seeing a spike in wti and. Rent Consumer Staples underperforming down. 8 . Financials also lower, perhaps some of the low yields in the core tech stocks also not doing too well. It is the commodities outperforming. Commodity stock, energy stock, and commodity producers within the materials. The ftse 100, a little weaker,. 1 . Have been seeing cable spiking, i have a chart later showing the correlation between the ftse 100 and the pound, the ftse 100 falling below the 200 Day Moving Average for the First Time Since the brexit vote. It is still below the 200 Day Moving Average. It hasnt managed to break above it yet. Volatility on the ftse 100, volatility wages, we are looking at implied volatility, have been climbing relative to the euro st ocks. If we l