We will look at the reports across the Global Supply chain. Hsbc puts 35,000 jobs on the chopping block. We will find out what the bank is doing to graphs to grapple with the outbreak. Today, you had a drop in the major averages like the s p 500. The chipmakers getting hit the hardest. This is an art this is after apple of course said they would miss quarterly revenue numbers. Means is a flight to quality, you are now down about 23 basis points or so, very curious. Where they think value is for the 10 year. As around day 180 or so. Yield on the long end, that threemonth 10 year now inverted. The most inverted we have seen it since the beginning of the month. A fairlyis going to be busy day in this part of the world. His hollande new zealand trading already. Futures looking flat in australia as well. Metals, one of the big iron ore minors is reporting earnings. Also crown casino. Gold is priced in gold priced in australian dollars is a record. Currencies, the u. S. Dollar performing fai
Republic. Demonstrators who had been marched against the u. S. Calling for death to america have changed course. Now they are protesting against their own government. After tyrone admitted late last week that its own missile shot down the ukrainian passenger plane by mistake. Causing the death of 176 people including dozens of armenians. The shifting sentiment could impose validation for President Trump who is facing a lot of criticism on the justification on the attack on Qassem Soleimani. Mr. Trump went on twitter to pray for demonstrators and told iran not to kill their protesters because the world is watching, more importantly the usa is watching. Information inside iran is hard to get, the riot police have been out in force to control the marches. Many of them are demanding more from the president resigned over the plane crash. Adding to the leadership trouble as european nations are still party to the 2015 are run nuclear deal, which of course the United States has suspended its
Expecting 8. 6 and were getting 17. 7 . Those numbers getting close to the new years chinese holiday. Maybe there is a seasonal effect on these numbers. Rishaad these are good numbers, 17 . Lets have a look. We will have a look at what is going on with dollar numbers. Lets wait for that. Exports, in dollar terms. Do not have the dollar number yet. Nikkei up 0. 8 . At 29,000. Asx moving tohe the upside. Front andd the yuan center. 110 since may 24 or Something Like that. Getting more and more strong. 6. 87 . More strength coming through with the yuan. That could be down to what we are seeing with export, import and trade numbers. Yvonne these numbers when it comes to 2019, exports rising 5 from a year ago. Imports rising 1. 6 . The trade balance coming to 2. 92 billion renminbi. It seemshole year, things were looking better and not as bad as forecasted. Still in the green. David people would say it is backward looking data, but when you look at the trend, things are getting better. That
Last night iran launched Ballistic Missiles at iraqi air bases that housed u. S. Troops and none hurt, nasdaq was higher about an hour before the close so is this market being resilient or are investors being complacent sell sell sell. Why not both. Thats what it needs a combination of these two forces first lets cover complacency. Few days ago the president of the United States ordered the killing of an extremely bad iranian general who has been major architect of state sponsorship in the region. Im not litigating whether that matter what matters most commentators immediately assumed we were headed for war with iran do not pass go do not pass 200 they figured both sides would keep escalating and saw the price of gold soar and same time the stock market ignored it. Even when it became obvious retaliation was imminent iran launched when the market closed more than a dozen air missiles and the overnight futures plummeted. Equal to 500 dow points. Next thing you know the president tweets
State support or oppose and local bands on plastic . Take a look at some of the headlines, this from Minnesota Public Radio where target is headquartered. The target head target customers call on the retailer eliminate plastic bags and in stores. In new jersey, the state with the headline from the philadelphia inquirer, new jersey moves closer to banning plastic bags and paper enacted,they write if new jersey would be the ninth bags to ban plastic preserve the environment and reduce the impact of harmful chemicals. In oregon, the headline, oregons single use plastic ban in effect january 1. They note some 16 cities throughout oregon have a similar band. Oregon will join california, new york, and hawaii banning single use plastic bags and there is denverite. Ne from denver shoppers will stop paying bagslastic and pay for 2020. They quote scientists saying plastic bags for a 10 minute trip to the Grocery Store can be around for a 500 to 1000 years. The numbers put together by national ge