Economic data. We have the Chinese Industrial province. This dovetails into what is happening with the story in the morning and what it will mean, phenomenal gdp. Matching statistics, they are profitg in november and growth is expected to edge down to 25 year on year in october from 27. 7 in september and we have continued to eke slightly in november but lets see where we come from. We were seeing profits under some pressure. At the moment, it is that at the moment. Growth in the pipeline. Some more movement. , as those numbers are out look at what is going on elsewhere. We have markets back online today following the christmas break and taking a look at what is going on with shares in singapore. Recovering from tuesdays drop. ,hey are resuming gains marginally higher this wednesday and following the text want. That is in focus and snapping a. 1 of thep gaining open. Lets check in on the supplier in taipei. In that stock under pressure and falling for a second day. That forecast being
Fastest car ever made, hurtling in space. Keeping the government chugging as oneas deal described nobody loves. It seems like life has changed and rather than talk about no volatility or low volatility in markets, the only thing both are talking about now is to get used to volatility. Andtility is here to stay, i want to show you a chart that reminded me of the great ernies peng lei Ernest Hemingway quote. This chart shows you that ed acency that is br the shortterm fix, the several to blame of the rapid selling in the session. You can see complacency all the way up until the very and, and then these devastating losses. Many warn us about these induced leverage etns, however, nobody thought would go to zero, as a got to zero yet but they are headed straight there. It lays the question or puts into question where it goes from here. Of aard from the likes credit analyst who warned about the shortfall trades prior to the selloff. Is now ang me it opportunity to start buying, but but the m
Cable down 1 10 of 1 . Theyll the u. S. Dollar. Gold, a little bit higher and the vicks still stable. What it wants a meaning for equities, we will tackle that. David a big day not just because alix is back. Itsbank of england with latest Monetary Policy decision. We will get u. S. Weekly jobless claims. At 9 00, republicans promise they will give the details of their tax reform bill. 3 00 this afternoon, President Trump will announce his pick for the next fed chairman. Jonathan President Trump is jerome be tapping powell. Heres what guests worldwide have been saying about the man who could be the next chairman of the Federal Reserve. Experience is in private equity as a salesperson rather than investing. Im not sure what he knows about the inner workings of financial system. I dont agree with bill grosscomments this guy not being an economist is a hindrance to his ability to do the job. Powell has the equivalent of more than one phd in Monetary Policy given all the time he spent in go
A vote could be held next week. Global news 24 hours a day. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. China fortifies its firewall in the latest move to tighten online censorship. We dig into the new crackdown. Teslas model 3 production goes into overdrive. Twotime nba champion and emerging investor i do iguodala making a iguodala is big play for Silicon Valley. Bloomberg scoop china is cracking down on what its citizens can find on the web. It has ordered the three major carriers to block individual access to Virtual Private Networks by february 1. It essentially shuts down a major window to the global internet. Thousands of websites are currently blocked in china including facebook, twitter, and some google sites including youtube. Is normally based in tokyo but joins us from new york today. What do we know . China has been playing this game of cat and mouse with Virtual Private Networks for years. Fo
Teslas luxury cars. And the square continues its banner year with a betterthanexpected quarter. First our lead, apples shares surged to record highs. The figures called and analysts concerns that the new iphone may be delayed. In a phone call with ceo tim cook, he told me that more users are waiting to upgrade to reports about the new iphone. He said it feels like the rumors are much larger and more frequent this year than in the past. We do believe that has created a pause. It is likely larger than previously. We broke down the guidance and earnings with the julie ask. And our bloomberg gadfly cheryl. There is a lot to look forward to hear. On the one hand, the market is going to grow about 50 , so over the next five years, so there is a lot of upside in that market. There is a lot more to come with the smartphone needing a bigger ecosystem in peoples homes, a lot of upside to come with things like virtual or voice assistants, and then there is all of the services they sell, whether i