Automakers and electric Vehicle Market . We discuss that anymore plus, check on the markets because it is a down day. More volatility comes as the options expire. Nasdaq off by 1. 3 per year feeling the pain. So too is the nvidia. Tmc ask major suppliers to potentially delay shipment of equipment. With the seat with her or not bloomberg can conform those reports but the chip sector down by 2. 4 percent. Bitcoin on the downside. Individual movers i want to get to you because we have seen the likes of adobe underwhelming down by 3. 8 . The numbers come in line but not good enough and though they did see continued strength in the media business. Apple on the downside is we saw Strong Demand for the ipo 15, iphone 15. The comeback is here. This week was the biggest debut of the year. Speaking with the ceo rene husk who was confident in the outcome for his business. With a unique Business Model biggest is the ability to have a good vision in the future when people use our products. Relative
Strike, though. Thousands of uaw workers hit the picket lines. The first walkout to hit the big three all at once. Plus arm shares are, well, still looking good ahead of the open, looking to extend those gains from yesterday. It was the biggest ipo of the year and quite a significant day. And rally paused. Stock index futures, little changed after the best day for equities of the month. Lets begin with the uaw striking against detroits big three simultaneously for the first time in that unions history. Phil lebeau is in wayne, michigan, after talking to gms mary barra, and joins us with more. We are outside of the Michigan Assembly plant. It is the ford plant where they build the ranger pickup truck as well as the bronco suv. A very popular model. Heres what this strike is doing in terms of its impact not just at ford but also gm and stellantis. Total number of workers, approximately 12,700. Just under 13,000 uaw members who are now on strike at the ford plant here in wayne. The stella
Nasdaq indicated up by 1. 2 for the week to date for what we have seen. Look at the treasury market. You see treasuries here with 10year treasury at 2. 3 . Wti climbing above 90 a barrel. Right now, 90. 43. Of course, we have seen big news in other places. New overnight, positive data on china recovery overnight. Retail sales raising 4. 6 in august. The Unemployment Rate ticking down by. 10 . Chinas Central Bank Cut a shortterm lending rate one day after it lowered the reserves the commercial banks need to hold against deposits. That will free up funding to lend to houses and businesses sdpbusinesses. Im happy we have this guy around. Phil lebeau. It he iis interesting, the phil. You are in detroit. I saw you talking to one of the guys earlier. This is very interesting today. Especially where we have you perched. Reporter joe, it will be interesting to see how long the strike goes. Maybe a week or two weeks or looking at something extended out over seven or eight weeks. That remains to
This is bloomberg daybreak europe. Asian stocks rally after betterthanexpected Economic Data coming out of china. Or support measures from the central bank there. Autoworkers striking at the largest carmakers are the first time in history as the midnight deadline expires. The euro flies as markets bed the ecbs 10th and latest rate hike could be latticed though the president will not confirm. A lot to digest and a lot of things moving the markets. We talked about the ecb but one of the biggest stories overnight has been the biggest ipo listing of the year. Arm coming out and surging almost 25 into their debut. This will be significant. It surged 25 . The take away is enormous. 10 of the company floated with softbank. This is giving a lift to the broader markets. You saw a 25 increase carrying a bid into tech broadly. The idea of futures showing the green on the screen we saw in early trading overnight. Euro stoxx 50 higher by. 7 led by the defense a bit. S p futures and nasdaq futures h
[ ] donald trump c and joe biden are battling over who gets the new codes but the two candidates are already Going Nuclear on one another. President biden lodging this preemptive strike. What in your view constitutes the primary threat to Freedom Andmo Democracy At Home . Cr donald trump. Seriously. Donald trump uses phrases likeca eviscerate the constitution, atu dictator on day one. I cant think of any other timet in my lifetime that youve had somebody whos had this kind of attitude. Greg oh man. Kamala harris is backing up joe. Had it are hit it, Donaldrump Trump totally had it. Had it over and over and over again. Theres so much at stake in this election. I dont think its hyperbolie to sayra this generally could be the last democratic election we ever have. Greg did she just asked calmly harris if she would sleep with trump . [ laughter ] had it are hit it . Okay. But trump is not letting those attacks lied. The former president out Inde Georgia Whernte he got a heros welcome at ch