Hacking . We find out. And the shelf life of a series. Some say, just when you catch onto a netflix show, it is canceled. Why the ax falls so quickly. We explore. Our top story, the trade war between the u. S. And china, President Trumps decision to delay 10 tariffs on an additional 300 billion of chinese exports hasnt stopped beijing from hitting back. A report says china has no choice but to take necessary measures to retaliate. Apple shares have rebounded. According to bank of america, apple is facing a much lower impact from tariffs as a result, and the impact to Company Earnings could be minimal if products are exempt. To discuss the continued trade standoff we have eugene munster, and in los angeles, bloomberg trade reporter sarah mcgregor. Sarah phyllis and over the last 24 hours, still no sign of how china will tell will retaliate, right . Sarah we dont have a clear picture yet of how china will retaliate. A whirlwind,uch the trade war, so many ups and downs. Companies like you
Good friday morning. Welcome to squawk alley with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously watching these markets here dow is down 331 after yesterday, deep in the red. The dow, the s p, and the nasdaq are all on pace for their worst week of 2019 tech names getting hit pretty hard, apple, alphabet, facebook, intel all down around 2 , guys this is a period in which trade concerns might result in selling thats a little more indiscriminate than weve seen in recent months and among the tech names, a look at cisco thats down closer to 4 . Some other cloud names not doing so well. You see, dell is down more than that you know, Network Appliance well, that one has its own issues but certainly, hp down 5. 5 a lot of these trade issues rippling through not just the names that have higher valuations or have high flyers, but some of these core enterprise tech names, vm is another onedown almost 8 in this trade if you look at all the major averages, were now
Ahead of testimony. Will he provide a clue as to the Central Banks path after july . Forecasts net inflows in the first half despite an overall loss of 14 million francs. Scherzer called hire at the start of european trading. U. K. Mps backup plan to prevent a no deal brexit but Gordon Johnson refuses to rule out suspending parliament in a debate with jeremy hunt. Welcome to the European Market open. Session inkluster the asian markets, range bound on many markets waiting for Jerome Powell. It looks like we will be range bound at the start of the trading day in europe. Here came futures pointing flat with a slight downward bias. A few interesting corporate stories and global stories that might be expressed through european equities. This is the gmm function on the bloomberg on the asian session. It flags any outsized moves based on standard deviations. Weve got some markets to the upside in asia but the overall move in the asian market is pretty balanced. In a Holding Pattern in Global
Manipulator. China has been taking steps to shore up the movement. Stocks in europe flat. They were lower early on. Scene to be stabling. Less of aa little bit move then yesterday. Excellence. En par view ofp, we get the Anthony Scaramucci. We will ask him about markets and the Trump Administration at 5 30 p. M. London time. The new york city, here is viviana hurtado. Viviana the yield on benchmark 10 year treasuries falling earlier to a level not seen since before the 2016 president ial election. Recession signals flashing. The spread between threemonth bills and the 10 year yield has seen the most extreme inversion since the lead up to the 2008 crisis. Donald trump delivering his most forceful condemnation of racism and White Supremacy following the Mass Shootings over the weekend that killed more than 30 people. The president did not call for new restrictions on gun ownership, instead blaming the attack on Mental Illness, video games and other cultural depictions of violence. We mus
Lets get going. 195 million, close to 200 million under heat watches or warnings. It could get worse over the next 24 to 48 hours. Jackie deangelis on who stands to be impacted. Hey, jackie. Reporter neil this is the calm before the storm if you will. It is not quite sweltering out here in times square just yet. Temperatures here, across the country, they are going to be at record highs. It is important that everybody is ready for this heat wave. 290 million americans are expected to see temperatures of at least 90 degrees this week. The humidity of course, remember makes it feel much hotter than that. Temperatures in the northeast will be 10 to 15 degrees above average this week. At least two dozen states, they are currently under a heat alert. Here in new york city the Mayors Office issued a extreme heat emergency declaration. It is so severe, that the new york city triathlon actually can sell for the weekend. That is the First Time Since it started in 2001. We caught up with some fo