Demand under continued pandemic pressure s p global has reportedly put 44 billion on the table to buy londonbased ihs markets and tie up the data giants and mark the largest deal of the year shares jump after the german chip maker confirms advance take over talks with taiwans globwas it could create a leader in the Global Semiconductor space well, good morning, everybody. Welcome to street signs and happy monday it is the start of a new trading week, a week of new possibilities. But before we get into the show, i just want to take you to our main story thats hit overnight, and that is to do with china so, beijing has said that it hopes the u. S. Will not build barriers to cooperation. That was in response to a report that the Trump Administration is preparing to blacklist top chinese chip maker smic and oil major chinook. Washington will restrict access to customers by adding two companies to its list of firms owned or controlled by the Chinese Military according to reuters. Cnooc said
Usmca, china, theres a lot in the mix today. There sure is as we start squawk alley. Glad to join you carl and deirdra bow is a also with us this morning major indexes still higher, though the dows best performer over the last quarter was apple so, we can continue to watch that stock as well its been interesting, deirdra, to see this move in apple over time thats where were going to start. The dows best performer again over the last quarter. In the midst of this platform shift right now, we have to see whether they can continue this momentum as we head into a Holiday Season where the headlines are questionable whether theyll be able to churn out enough of the 5g iphone based on production delays that theyve encountered in the midst of the coronavirus absolutely. And its not just apple, right, guys tech had a big quarter at large. Youve seen them lead the way once again, although alphabet little underperforming so youre starting to see more breadth in this market one of the major questi
And inflation hopes are fading fast. Then President Trump steps up his attack on his potential election rival joe biden, calling on china to launch an investigation. Later, apple made a pricey gamble on the iphone 11 camera as more people get their hands on the device, we will ask if the gamble has paid off, but first, lets get you a quick check of how markets are trading at the moment. We are seeing u. S. Futures currently unchanged at the moment. It is still early in the session, but this, of course, coming after the s p 500 rose the most in a month. We are talking. 8 gain for the s p 500 as we had Week Services sector numbers, the weakest weve seen in about three years. That, of course, sort of raised odds the fed could be moving, and that led to investors pricing and more rate cuts. The dow gaining 122 points, and the nasdaq leading those gains with gains of more than 1 . We also had financials higher, but a little bit of underperformance that we saw against the broader markets as
Buying, whether in europe or here in the u. S. Yields down by two basis points. Crude off by 0. 1 . Stabilization there as well. Time for the global exchange, where we bring you todays market moving news from all around the world. Joining us from hong kong is , fromly is karen le london, emma chandra, and reporter, and in washington, bloombergs Michael Mckee. In hong kong, reports say the enact ant is said to emergency ordinance. More. Leigh has karen this would give the government wider powers to make arrests more widely. This is something that would be a major escalation by the government if it does happen. It is purported to be happening tomorrow by news outlets here. It comes after a protester was shot for the first time tuesday, a major escalation in the violence we have seen in recent months. This is something that has people questioning whether or protests, oralm whether it was fuel anger at the government and bring more people onto the streets to keep this going for a longer ti
Number for manufacturing. We received a number of reports over the last many months about trade uncertainties, about how Manufacturing Enterprises were a bit reticent to expand capacity. Capital expenditures have been very weak. I think it is a little more confirmation of the reports we had been seeing, and i think it will be very important to see the progression from here. Guy does that point the fomc towards a rate cut . Manufacturing is not a huge part of the u. S. Economy, but it is a significant part of the u. S. Economy. It certainly is. In my midwestern district, we have more manufacturing than the average. Ive heard about this, and the weaknesses that come from trade uncertainties. The thing about Monetary Policy and what the right positioning is, i definitely think the fomc has been moving to what at one point last year looked like slightly modest, restrictive position. Now we have an accommodative position. Whether or not one more rate cut is the right position or not, i thin