The accident happened in southern peru are no word on the cause yet. A bill was presented today to enforce tougher immigration rules. Up bill is aimed at speeding the expulsion of people who do not provide better conditions to those who want to stay in the country such as offering more classes and job training. Organizations are criticizing the proposal as represses and unfair for silence asylumseekers. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im mark come Mark Crumpton and this is bloomberg. Julia live, i am julia chatterley. Lisa i am in for scarlet fu. Joe i am joe weisenthal. Julia stocks rapidly having gains with further tightening. The 10 year yield trading at 2. 9 4 joe the question is what did you miss . Meetingism in the final based on inflation. Pressures may be lurking. Stocks balancing. David fitzpatrick is talking about why facebook and taking a matter into its own hands. Why the boom in electric vehicles cou
First, china has devalued the yuan, cutting by 1. 9 . Francine that ends a peg to the dollar. The decision led to the currencies against oneday loss in more than a decade. Run us through the Immediate Impact on markets. Absolutely. This was an abrupt move by the chinese. The yuans biggest drop in two decades and a lot of lingering questions, or questions that will spark geopolitical questions that will have to be dealt with with trading partners. Lets talk about the market impact. We begin with equities which saw a more muted impact. The hang seng index now turning negative. The shanghai composite flat. It was higher earlier. That looks like it is basically unchanged. Same thing with hong kong. The dude see optimism in chinese shares on speculation we did see optimism in chinese shares on the speculation that this would boost exports. Not market friendly to those countries that would be adversely impacted, particularly in the asiapacific because of chinas move. Countries that are being
Withr we are here meganinchief murphy to talk about the special theme, sooner than you think. Megan sooner than you think has been a core where think you may not even be thinking about now but are actually coming up much closer and much faster and you expect. A lot of times we talk about a. I. And tech, but we want to talk about the lesserknown trends. We talk about china and Live Streaming, how you go about with urban the challenges facing the urban centers, mapping where tech is really exhilarating. You are not here in as much about them. Taking them to the next level into spaces where we know it is happening. It was did not think happening so fast. Oliver yeah, i have to be honest. Reading through the content this week i feel it goes possibly going back and forth between this is exciting and this is absolutely terrifying. Megan one of the covers will be look at a. I. , i have a two and a halfyearold so i see a baby younger than that. An artificial baby mapping the human brain and le
Even be thinking about now are actually coming up much closer and much faster and you expect. A lot of times we talk about a. I. And tech, but we want to talk about the lesserknown trends. We talk about china and Live Streaming, the challenges facing the urban centers, mapping where tech is really exhilarating. You are not hearing as much about them. Taking them to the next level into spaces where we know it is happening. We just did not think it was happening so fast. Oliver yeah, i have to be honest. Reading through the content this week i feel it goes possibly going back and forth between this is exciting and this is absolutely terrifying. Megan one of the covers will be look at a. I. , i have a two and a halfyearold so i see a baby younger than that. An artificial baby mapping the human brain and learning emotion and responsibility that is developing is a little frightening. They should give us hope in terms of only look at the profound socialpolitical disruption. It is the story o
In the market now. Julie very little changed after simultaneous records for the major averages. That is the first time all three have closed at a record its july 26. Taking upo upon is after a couple of games. That is the balancing act that we are seeing. Apple was lower in early trading and it remains lower as we get underway at half hour after the start of trading. In mind that apple shares have rallied about 40 this year. Sos the best rally far and analysts have been positive on introduction of products, including the iphone 10. One small caveat is the shipment date is a little bit later than some expected. That could push some of the sales into the following quarter so that could explain a little bit of the pullback here this morning. The other stories were watching stock wise are nordstrom on report that private equity firm Letter Agreement partners may help fund a buyout to take the company private. The Nordstrom Family said it was considering a buyback in june. The family is not