At the same time, debt to income at record highs, largely on account of runaway property markets, how much households are leveraged. Will bekeeps up, there a problem when it comes to consumption and retail sales. For those reasons, the rba is expected to sit on its hands. Options at the moment, just wait and see future data. The composite index coming in way better than anticipated. Reflecting what happens to the manufacturing data in official and nonofficial iep. Looking forward to trade numbers out of china, and fx reserves. Its about the yen, gold, and markets generally. What we see with north korean tensions, what do we have . Last time we checked, gold was maintaining gains. Investors assessed these risks. We have havens picking up on momentum. Gold up about 2 10 of a percent, per ounce level. The dollar yen trading at 109. 54. The yen gaining ground. That is putting pressure on stocks in tokyo, leading the drop in asia along with shares you look at the hang seng. Trim somewhat, b
And we also have ibm reporting earnings after the bell tonight. Could that add to the gains or derail this run . Thats the big question. Well get to that coming up. A lot of earnings this northern already contributing yes. To this move. Very much so. Heres netflix. Yesterday we told you about the earnings in the session today, it cannot hold those gains can netflix become the next hollywood . The streaming giant says it will make, get this, over 80 original movies next year which is in one year. More than the other studios combined is this the best use for the content spending thats coming up as the stock looks to close lower on the day. I have a lot to say on that were going to save it. Lets start with breaking news fourth round of what were calling the nafta negotiations but really the nafta renegotiations those are wrapping up. Representatives from all three countries, the u. S. , canada and mexico, are about to discuss any progress they have made. Our Kayla Tausche has already been
Our billion dollar buyer, tillman furtita, notching his first win as the owner of the rockets on Opening Night for the nba. He did it in thrilling style the former commissioner, david stern, will join us. The anthem protest Team Valuations and much more this slamdunk addition of power lunch begins right now there is nothing wrong with the slamdunk addition if i could do it, i would do it all the time i am brian sullivan. Nobody is feeling blue about these markets. Your money is now just 3. 5 away from dows 24,000. You can thank ibm, big blue adding about 80 points to the dow on one of its best days in decades. We will dig into ibms big quarter. The ipo of the day is a chinabased micro lending company. Nothing micro about its gains. It is soaring in its debut allergan all on the move anthem rallied to help ensure creating a new pharmacy benefits unit michelle im michelle carusocabrera. Here is what else is happening rising sea levels are threatening nearly 1 trill worth of u. S. Homes,
In japan and india in the u. S. Hope for moderate fed leadership mr. Powell and the arrival of a tax bill. Here in the United States, stocks also opened at historic highs. It helps tech had a monstrous month in okay. S p up 2. 3 october. Its all lopsided gains, though. Technology was up nearly 8 and its worse than that really five stocks are most of the gain, facebook, amazon, apple, google, microsoft accounted for half of the 2. 3 gain without these five stocks, s p would only be up about 1 . Sarah, thats the amazing thing about market cap weighted indexes. When the biggest names all of a sudden just move together, they move all of the indexes along. Without them s p would only be up about 1 . Sarah, back to you. That helps explain it bob, thank you for more on the markets, lets bring in our own mike santoli. Starting off november after the best month for stocks since back in february and it kicks off with another bang here. Interesting theres first of the month effect in some months.
Protesters are blocking roads and some public transport routes into barcelona they are calling for the release of sacked local officials who were jailed after last months secession vote. With all of our top stories more news at the top of the next hour in about thirty minutes time after the stream which is. Hi anthony ok and join the stream we are live on aljazeera and im only could be allowed for the special episode of the show were also on a three sixty video in collaboration with contrasts to be our how does your as immersive media studio streaming on facebook you can take a peek right there on the aljazeera Facebook Page and were sharing it on the stream it has been a one year since u. S. President donald trump won the election and one of the most hotly contested and it was of races in the countrys history the businessman turned politician plex to drain the swamp in the capital washington d. C. And shake up the system and his victory speech trumpets to bring a fractured nation toge