Described as potentially one of the most powerful typhoons to hit the country in decades. Officials are warning there could be record breaking winds in affected areas this weekend. Theyre also forecasting heavy rain across the region. People are being urged to start preparing as soon as possible. Its prompted rice farmers to harvest rice crops a week earlier than normal. Translator i only hope the typhoon will pass through without causing damage. And a major japanese Delivery Company says it will suspend services in the kyushu region to ensure staff safety. To find out more on where thehe storm iss headed, lets bring i yoko komagata. Back to back storms have left damage in southeastern japan and the Korean Peninsula. This is a path of typhoon maysak. Conditions have improved in many parts of the Korean Peninsula, but the next storm system is on the way. Typhoon haishen is likely to track along a similar path of maysak. That means more heavy rain is expected, and that could lead to furt
Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number argues for congress to pass another deal to support the economy. A lot of the positive momentum we have seen in the last three months is because of fiscal stimulus. Treasury yields higher by eight basis points on the 30year. This is something that you are looking for. Thender how independent sweetener is of the next move down in washington . Subadra i think they are all closely tied to each other
Ahead of remarks from fed chair jay powell on thursday. Investors are interested in the path forward. It is day two of the public and national convention. And mike pompeo on the list to speak tonight. Abigail doolittle has been watching the back and forth. Lots of earnings after the bell, new record highs. What are you drinking . You tracking. Abigail those earnings, right in the hub of technology. Hewlettpackard up 6 . Seeceo is saying that they robust demand driven by big data. Down 2. 8 . E company this may have something to do with the subscription model. We will have to look at that as more information comes out. Right now, a little bit of a decline in after hours. T also up sharply, up five point 6 . They beat the earnings estimate and revenue nearly doubled yearoveryear. Some of these tech companies, the stories of the haves and havenots. You were mentioning record highs during the day. That was the case. It was a mixed close even with those record highs. Index of the Mega Cap C
Kong and shanghai. 5t includes valuation of 22 billion, more than aramcos record sale. And polenta here is also going public. There were none the most valuable private companies. It could be silicon valleys biggest listing since uber. Shery we are seeing u. S. Futures coming online much flat after we had major u. S. Benchmarks ending the new york session mix. Investors are and waiting for fed chair powells speech thursday about the longawaited framework review. Dow was pressured down. 2 , declining for the first time in four days. Gains andung between losses but managed to reach an alltime high for the third consecutive session. Six sectors were higher, five lower. Energy was actually a drag on the s p 500. Take a look at what oil is doing. Pretty much flat right now. This of course after surging to the highest level since march. Not to mention gasoline futures were also at the highest level in five months. We have hurricane lower rattling towards the u. S. Gulf coast. More than 80 of
Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. Arkets are moving sideways little bit, but optimistic about things to come. Overall, a lot of focus on the markets. Dollar weakening, but stocks advancing globally. Aussie equity futures up after european leaders reached a deal on a landmark package. Equities rising also across asia. Australia outperforming. Days of tough talks, european leaders agreed on a landmark stimulus package that issue 750he bloc billion euros of emergency debt. Grants,ion euros in less than the 500 billion euros the french president and german chancellor included in the earlier draft of the proposal. The deal represents a victory for a collective you response. Joining us now from brussels is a reporter maria tadeo with the details. Maria we do have a deal and a whole package of 750 billion euros. The grand component which had then problematic now confirmed, 390 billion euros. The breakdown by country is interesting. Italy and s