Data, the u. S. Saying that beijing underplayed the number of cases and deaths. And we work may take legal action that softbank wants better terms on theirh rescue plan. Haidi . Inflationary pressures or lack thereof from south korea coming through the cps for the month of march. We are seeing a contraction of 0. 2 , better than the contraction we were expecting of 0. 4 . That is a month on month figure for Consumer Price pressures and south korea for the month of march. In atmber on year coming 1 , so a little better than 0. 8 expected, a little softer from the 1 reading in february. Expectingse have been some demand as well as the impact of lower energy costs, lower oil costs, the plunge in oil prices, down an average of almost 50 year on year so far this month. Debtor february february data carried through, and you would expect that to carry through to april as well. That is the south korean numbers. We have been looking at a lower open going into the trading in seoul and tokyo. Let
And were looking ahead to earnings jpmorgan, all on deck. Joining us is dan nathan from risk vertical advisers what are you watching today heading into tomorrow . The fact that the dow is onle we had these massive surges in stocks yet, we dont have a whole heck of a lot of content about what that means, other than buying ag and a lot of Market Participants right now feel like weve seen this movie before and we kind of know how it ends except that this time, its a threepart Netflix Series that we have to stay tuned for. And we may have to stay tuned for multiple seasons Binge Watching is what youre saying were in for Binge Watching on the trade front. We are flat, as we said volumes down a little bit. But there have been a lot of intraday moves, as well. Lets focus in on the big stories were watching today bob pisani is watching the Market Reaction. And well break down all the latest trade headlines phil lebeau following a c suite shake up of boeing but lets start with eamon reporter no
Hurting the economy. Retail sales and Hotel Offices tumble. Tourism from china sliding more than 40 . Shery later on Bloomberg Technology global link, we will talk about airbnb charting an unconventional path to the Public Market and how vcs are looking to disrupt the ipo business. Lets get you started with a quick check of the markets. U. S. Futures gaining 1 10 of 1 but this after we saw the s p 500 fall the most in about a month. We have the s p 500 finishing below its 50 Day Moving Average of 29. 48. Every sector turned to the red after we saw that we u. S. Manufacturing number appeared we had industrials leading the declines, not to mention banks moving lower as we had raising pressure towards the 1. 6 level. High volatility was pretty and the vix headed towards the 20 level as we have had october very volatile, if not the most volatile month of the year. That also having an impact on the markets. We are seeing u. S. Futures slightly higher at the moment. Lets see how asia futures
And break the impasse. U. S. Treasury yields come off session lows on the new optimism after a bond rush pushes the tenyear to levels not seen since the middle of 2016 and hong kong protests take a violence turn again as police draw guns and use a water cannon in the 12th week of prodemocracy demonstrations to rock the chinese territory all right, good morning, everybody. It is a bank holiday in the uk but not so much for European Markets. Ill take you to all the price action were having and seeing today in some of those european indexes. Lets start off with germany were getting some data out. So let me just bring you those numbers there. We are seeing yet another decline in business german moral in the month of august it has come in at 94. 3, this is below the Consensus Forecast of 95. 1, so drop in the business clie mate index, kurn season index coming in at 97. 3. Again, this is the lower than the Consensus Forecast of 98. 6 forehandlooking basis, expectations at 91. 3 versus 91. 5
Standoff stands. A busy market rally with stocks jumping on the president s comments saying china wants to get back to the table on trade. Well see where we go. From here, we go to blake burman, with the latest on all the back and forth at the white house. Hi, blake . Reporter we heard from President Trump for a while, he feels china wants to make a deal. They need to make a deal very badly. He reiterated that earlier today. The market swung earlier today when the president said that china called over the weekend and said they wanted to get back to the negotiating table. Heres the issue with that. When chinas foreign minister was asked about these calls that were made. They disputed the notion there were any sort of calls being made. When, at least over the weekend. When the treasury secretary Steve Mnuchin was asked about it earlier today, sitting alongside the president he jumped in said there had been quote communication through intermediaries. President trump was asked about that a