The private equity giant 3g capital sold 20 million shares but there is a reason behind it. Stocks are set to open slightly lower well start off with that wework news, of course sort of trickling out yesterday, after the close. A delay in the planned Public Offering that has been so, well, such a focus over the last few weeks. As the price at least that wework thought it would get for its shares has rapidly declined over concerns about its Business Model, over concerns about governance, ever since they actually issued the s1, which mr. Cramer didnt take a fancy too, a lot of this goes back to mr. Adam newman, the man who founded the company and runs it. And this has been a chaotic process. Having reported on it now for a couple of weeks, i can sort of tell you ive never seen anything quite like this in terms of the disarray in preparing for a Public Offering. And i guess what was clear and perhaps funlly made clear to them was they werent ready. They were not ready to actually face pot
Asia where we count down to asias major market open. Haidi apples sales disappoint overshadowing record Quarterly Services revenue. Amazon gaming after the bell as the outlook beats the street. A risk off following a slump in u. S. Stocks and bonds focus shifting to fridays jobs report for clues on the feds next steps. Donald trump pleads not guilty in a washington courtroom on charges of trying to obstruct the 2020 president ial election. It election. We are getting news when it comes to singapores ocbc reporting Second Quarter net income of 1. 71 billion sing dollars. A little shy of 1. 7 4 billion. Being declared of 40 sing cents. Net interest margin at 2. 26 , the estimate was for 2. 25 . The common equity tier one ratio sitting at 15. 4 . Noninteresting cover, one point z7 bion sing dollars, a little bit of a beat on expectations, total income at 3. 6 billion be on expectations, profit seems to be increasing based on a year ago based on what we heard from analysts. We had been exp
Welcome to daybreak australia. We are counting down to asias major market opens. Kathleen good evening from new york. The top stories this hour,apples iphone sales disappoint overshadowing record Quarterly Services revenue. Amazon gaining after the bell as its Sales Outlook beats the street. Haidi u. S. Stocks fall as the bond market slide deepens ahead of fridays jobs report. The bank of england signaling a long period of higher rates. Kathleen and donald trump pleads not guilty to trying to obstruct the 2020 president ial election. A quick check on wall street. The stock market had some movement, waiting mostly for apple and amazon results after the bell. The big story, the treasury bond market, the 10year note fell about. 75 points. 4. 17 , the highest since november. The yield touching 4. 1 . Adp employment numbers yesterday suggesting maybe the u. S. Payrolls tomorrow, friday, u. S. , could come and strongerthanexpected at a time when jay powell and his colleagues at the fed are l
Yields rising on both sides of the atlantic and its duration. We are seeing big moves in the 30 year. It is certainly having an effect in terms of sentiment. The bond market is driving the narrative. It continues today. Moments ago i had infineon on in here and i switched it out for credit agricole. They are getting close to a bid. Interesting to see whether that deal goes through. The pound, lets talk about that. A little bit softer. There is so much to discuss around the bank of england. We will do that in just a moment. Talk about rates being restrictive. How much further could we see the bank of england going . There are lots of questions that need to be asked and answered. Kailey we will get to those in just a second but i want to touch on the u. S. Markets because we are coming off of the worst day for the s p 500 since april and we are seeing losses continued though they are smaller. The s p down. 4 . The nasdaq. 2 . Apple and amazon reporting after the bell. A lot of the moveme
Over in the u. S. , moodys warns over a potential Government Shutdown as the deadline nears, adding to the fire when it comes to the west bond market. The eu trade chief attacks chinas policy, saying the stance is hurting trade. Buzzer cardio clinical headlines, lets get to the markets, because there is a lot to talk about. Already we are seeing a massive on market move overnight. If you start to see a Government Shutdown, the stock market will get hit first. That is where you are seeing sentiment sour. We will dive into this with valerie in just a moment. Its that red on the screen you saw in the Asian Session that is starting to spillover. Every long standing by in just a moment. Even that defensive bid we saw in u. S. Assets yesterday no longer hold, pulling back even in nasdaq 100 futures. Essentially, your winners of the last you sessions are your losers this morning. A lot of that is largely going to be a liquidity story. Crossas it we go. The bond market story will be crucial, s