Andyear net sales operating income. Many people are raising the question, how can they have any idea about the cost around this until customers affected by the scandal decide they are going to see or not. There are withdrawing their fullyear forecasts and giving us this renewed guidance. Its 525 companies that may have been affected but didnt find safety problems. Nissan. Subaru. Subaru may call back a couple of hundred thousand cars. We will get an update on japan later in the program. Lets get an update on the live market action. Its nejra cehic. Gains, butre seeing the shanghai market breaking that trend. Dropping the most since early august. Yields move higher, i have the 10 year generic units year. Those are moving higher on the concerns over deleveraging. Keeping an eye on the u. S. Can you yields as well. Managing to hold about 2. 4 . A lot that could drive these this week. You have a fed decision, jobs data, a fed chair, tax reform. Lots going on in these bond markets. The doll
His new book spring forward the annual madness of Daylight Savings time gives us a detailed look at something we all participate in although we have little understanding about why we spring forward and fall back each year. Almost 100 years ago congress and lawmakers in every state first debated, ridiculed and the passionately embraced the possibility of saving an hour of daylight. No one can say for sure why we are required by law to change our clocks twice a year. The first to post this scheme . The most authoritative sources suggest that it was a pittsburgh industrialist, woodrow wilson. A man on a horse in london. A manhattan socialite, Benjamin Franklin, one of dashboard in on his makers of anxious chinese and japanese water clocks. Spring forward is a portrait of Public Policy in the 20th century, a perennial cauldron of unsubstantiated science profiteering piety and mr. Renacci shifting timezone boundaries. It is a true delight social comedy with congress in the leading role. Sur
Theres an me in team. Always has been. Well, im happy to be here. Youre fired up. If youre up at 4 00 a. M. , you might as well get fired up. Why not. If you put in that what time did the alarm go off . 4 05. So you im a 3 handle. Me, too. You say you can do this. You did it once. Try five out of five. I can barely do this. 52 out of 52. Youre a stud. I say it all the time. We have a big market day. Good to have you here. A check of u. S. Equity futures. This is what weve been matching all morning long. This could be the biggest move in the markets. About a half percent move or so. This would be on the s p 500. That would be the biggest oneday move. Weve been 0. 3. The dow looking to lose 100 points at the open. The nasdaq looking to lose 24 points at the open. The volatility index is surging this morning. Thats an interesting turn of events. Up by 11. 25 , almost 12 at this moment. Action in asia, big development. Here is long eem is snapping a sevenday advance. The nikkei finishing l
The chances of a rate hike this week are almost 100 . Haidi big u. S. Banks, preparing you regulations. New regulations. Rishaad how innovative is hong kong 20 years after the handover . Has the city slipped off the pace . We are looking at chinese shares. We have aged shares. Lets bring up this chart. All we have isou a situation that they are cheap, but this is something going on for a wild. Looking back to 2006, seeing how cheap they are in terms of valuation and a share counterparts. Betteralso have is value, something people are counting on for a while. That margin or divergence between the two has always been per point the would narrow, but is seemingly remaining at the same level. Its amazing how many people the alignment never really seems to happen. Haidi people are always talking about the convergence eating inevitable, but it has not happened, continuing to confound analysts. Size signssee of evening signs of easing when it comes to this tech tantrum. After watching tencent
Good morning, everyone. This is bloomberg surveillance. This hour, we are joined by the global head of strategy at martins family Morgan Stanley. We also talked to the current coo and soontobe ceo of the bank of morreale. In the meantime, we have a little bit of breaking news. Pmi out of the eurozone. This is exactly what we are getting. We are looking for a little bit of euro reaction. Pmi falling to 55. 4. And little bit better than expected. Not as strong as the month before, but they have been revised upward at 54. We were expecting 53. 7 figure. These other markets over all. We are seeing a little bit of a risk reversal. This after the u. N. Is set to meet on the north korea threat. What it means for the markets is yesterday there was clear demand, but today not really phasing the yen. Gold is down a touch or pretty much flat. Stocks seeing small gains, gaining 0. 1 . We will have plenty more on the markets but lets get to the first word news. Bank of england policymaker says u. K