An estimate of expansion. About 1. 3 . Switching out the boards and having a look at the other asset classes, which are in the mix at the moment. The u. S. Election, according to a survey, sending the dollar in opposite pumps. If donald trump wins, we could see a stronger dollar. If joe biden wins, the reverse. Also wests going on with the also was going on with the yen. Against the backdrop of a slightly better industrial read out of japan. Opposed to. 8 . Al, despite coming back, has 36 a barrel handle. Oil is set for its worst month since march. It is down to coronavirus demand fears hitting things. Bring livee want to pictures from vietnam, where mike pompeo is meeting with the vietnamese deputy Prime Minister hanoi. Counterpart in this is part of his tour in asia. Some have called it an empty china tour of asia. Thats happening right now. Both are expected to exchange ideas. Up relations with the two countries. Vietnam had been boosting its import of u. S. Products. Mike pompeo wr
Overspeed. The communist party wants greater sustainability. The ecb hints that a more stimulus is coming as governments impose new lockdowns. Seize until the crisis dies down. Breaking news out of south korea, we are getting the september numbers for Industrial Production, a rebound of 5. 4 . This is a rebound from a can fraction in the previous period. We are seeing revisions upwards for the previous month of august. This is a huge beat of estimates. Growth, on year number, a jump of 8 , really rebounding after six months of contraction for Industrial Production. That werising given have seen export numbers rising for the first time in seven months. We have seen more positive sentiment on external demand. Now we have Industrial Production numbers in south korea beating estimates. Just had the markets open in australia. At amp, one of the first stocks trading, higher by more than 20 . This is after they confirmed they have received a conditional proposal from u. S. Based areas, not en
Have been a major swing. Check out what Lloyd Blankfein tweeted. Hospitals are not overwhelmed. Most will be exposed anyway since we cant sequester until there is a vax is a Public Health benefit from broad lockdowns worth such extreme damage to livelihoods and what is more important, the potential human lives lost which are, of course, very important or the toll on the economy and possibly irreparable damage to the economy. Tim seymour . Well, look, now, if you think about where lloyd was on april 24th, i follow him on twitter, by the way i doesnt tweet that often and when he does, hes got something to say and a month ago he was saying im not so sure its wise for states to be opening but thats why we have a federal system where states can do what they do and was somewhat critical of georgia. Here he is coming in and talking about a more populous line theres politics attached to this i think theres economics attached and fascinating its whats happening and do think Lloyd Blankfein jump
Google ad demand although previrus quarterly was of. That march was difficult. Started. Ts get you we are seeing u. S. Futures coming online, flat, a bit of Downside Pressure. We have u. S. Stocks in the regular session wally. The Downside Pressure on big tech, really leading the declines. The nasdaq composite reversing two sessions of gains. U. S. Consumer confidence dropped in april to the lowest since 2014. There is a big week of earnings not to mention centralbank decisions ahead of the fomc meeting. We have the dollar falling because it has been weighed down. Rising wti rebounding, in the overnight session, above the 13 a barrel level. It felt in the new york session fell in the new york session. There were some swings in the u. S. Oil fund, saying it will sell out june positions. Haidi our next guest says the next turning seasons will not offer much to investors but they are bullish on u. S. Stocks. Jim macdonald joins us. Great to have you with us. You are more bullish in the u.
15,000. Take a look at the kospi. We are focused on samsung earnings. Samsung warning of a profit slide as this virus squeezes the tech industry. Samsung shares largely after the results came out unchanged. We are watching out for the singapore jobless numbers coming out this hour. 2. 6 , an 11 year high. We see this recovery momentum coming back in offshore chinese stocks. The moving average yesterday when things close, and we are higher here today. Bank of china among them. Dollaryen, a little strength. And some strength for the korean won. Oil remains the story, but take a look at volatility. When it comes to oil contracts, we are leapfrogging of june to july and seeing wild gyrations. We have bounced back after wti auched 10, but we lost quarter of the value when it comes to crude. It looks like volatility will continue. Into julywill roll with the spread of the june and july contracts especially for wti getting rocked by volatility. Tom we will get more on that story in a few minu