European union which tell you why. I want to get your hands welcome to your business asia now these days trouble is just one tweet away or in china is mounting over a comment by the general manager of basketballs Houston Rockets he openly supported the prodemocracy protests in hong kong problem is china is a highly important market to the league and its corporate sponsors so after just one tweet damage control is now in full swing. The Houston Rockets in training that star players enlisted to help smooth over a fallout that could risk their money straining relationship with china. The polls ours. You know. The we love china we love no plane or. The no before the worlds really we go there and almost twice a year. The grovelling apology comes after the teams general manager daryl morey tweeted support for the protests in hong kong he has since deleted the tweet and said that he did not intend to cause offense humble words that show the importance of chinese money to the n. B. A. But they
Countrys biggest bank is taking issue with and where he sees the economy going on. And later, personal finance expert suzeor orman is here. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight and we start off with a full slate of Earnings Reports. Microsoft, alphabet, visa, snap, all on the move after their latest results. We have full team coverage. We start off with steve kovach, who has all the details from microsofts quarter. The stock is higher right now, steve. The Conference Call is in about a half hour. Microsoft shares are up. The solid beats on the top and bottom lines, but heres whats more important. Reversing some trends that weve seen. Azure cloud growth up 29 versus the 26 gross the street was looking for. Thats exactly what investors wanted to see, after several quarters of declining growth. Now, what to listen for in the earnings call. Do they believe azure bottoms and continue that acceleration that we saw last quarter or is it going to
This is Bloomberg Markets asia. Lets have a look at whats been going on. There has been a steeping of the yield curve going on, more flattening taking place. What we have is perhaps an economic slowdown in prospect. Lets have a look at this chart. It goes back to 1986 and it tracks whats going on in the white line into the two to 10 year yield spread. That is indicated by this axis here. Just over 60 basis points between the two of them. The green line is where gdp is. This is inverted. You can the lowest number of growth here, 4 contraction. What happens next is that the yield curve perhaps sees more flattening. We see growth has been improving of late. What happens in the future . We have a strong correlation between the two of them. One of the head scratchers in terms of what we been looking at this year. We had off to christmas break and volatility has been settling going lower, that if we can hold on to the moment in what we are seeing for this rally, we are going to see the asiap
I think the fed is itching, wanting to raise rates for some time. I still think the reflation trade is there, but you are going to have some around that. I think it has had an air pocket, but the reflation trade is still in place. We are pleased with what going on in the unemployment picture. Job creation remains solid. The jobs number is a good number. I see the labor market as continuing to heal. There is room to maneuver, but we are a long way from full employment, and wage growth is a long way from where it would be if we were close to it. People have confidence this administration can not only get the big themes out there, but can deliver on them. If he wants to make everybody happy, including his base, he has to do with the real policy stuff, not just send out tweets. There are a few bleary eyes in london and maybe a few surprised faces. I think what the Business Community wants to see now with a new government in place is the economy at the top of the agenda. I think this is a f
I think the fed is itching, wanting to raise rates for some time. I still think the reflation trade is there, but you are going to have some volatility around that. I think it has had an air pocket, but the reflation trade is still in place. We are pleased with what going on in the unemployment picture. Job creation remains solid. The jobs number is a good number. I see the labor market as continuing to heal. There is room to maneuver, but we are a long way from full employment, and wage growth is a long way from where it would be if we were close to it. People have confidence this administration can not only get the big themes out there, but can deliver on them. If he wants to make everybody happy, including his base, he has to do with the real policy stuff, not just send out tweets. There are a few bleary eyes in london and maybe a few surprised faces. I think what the Business Community wants to see now with a new government in place is the economy at the top of the agenda. I think