For all the stocks. Looking at where the aussie dollar is, 65. 7 two cents. when it comes to ethics. The yen holding steady. Brent crude is just shy of 84. The energy names across asia, concerns continue to weigh on the demand side for oil looking like we are setting up for the weakest week in Oil Prices Since february as u. S. Inventories way and i miss concerns about opec policy of maintaining their stance, impacting these concerns about supply and demand in the market, belle. Annabelle yes, and also we have at the start of trading for korea, as we come online this morning. Japan is shut for the public holiday. We are posting gains at the open. A bit of curry on one strand. The dollar having its weakest session overnight a bit of strength for the korean won. What is playing into the theme for korean equities and was can play into the sea is that apple numbers. Lets look at how the some of those supplier stocks are coming online this morning. We saw the jump in late trade in apples a
Doordash joins us to run through the companys latest results. There is a wealth of micro data today that we will be digging into, not to mention new yorkbased peloton. I am looking at a plot at a broad index. We are seeing the nasdaq up. 7 . We are relieved we will not see rate hikes but no signal of rate cuts as we see a resilient u. S. Overall jobs picture which we get no detail of friday. Yes there is a cooling, the slowest increase in jobs since november. We are seeing a 10 year yield down one basis point. We anticipate the jobs data and the bloomberg dollar index weaker as we see a bit of a relief. Down. 4 . What is bitcoin during versus the u. S. Dollar . They were up 3 . A risk on trade today. What are you watching on this Corporate News front . Ed lets start with peloton. Wild morning session. The ceo will step down. 50 of the Global Headcount will be cut. Things are not Getting Better for peloton. Look at the chart to illustrate the point. When the market opened there was a se
Tech heavyweights lift wall street as a major test of sentiment is put upon equities. Paul tesla fast tracking cheaper models. Annabelle apples china sales plunged 19 , putting it third in a key market. Paul whats take a look at trades, risk on day. Gold prices eased. Gold etf could suffer, new zealand in positive territory. Interesting day. Numbers out of australia are critically, those numbers are using down from 4. 1, big improvement outside the target band. Bank of indonesia decision, consensus is a hold. We gave futures saw positive territory. Bank of japan will focus on weakening the yen. Were at 144. 77 and keeping our eyes on tesla suppliers. Stocks surging following the call. Annabelle thats right. The company has slumped, but u. S. Futures looking toward future gains but the story is focused on earnings. What else we were tracking was optimism and a bullish forecast. Some of those are coming from goldman sachs. Company that closed at a record high, first record highs since 20
Isjust not falling £300 billion in one single year. It is just not falling quite as fast as everyone had hoped, really. A lot of thatis everyone had hoped, really. A lot of that is due to the governments high interest Debt Payments which is not going to go away. I think in general this kind of dampens a bit of the chatter we have heard over the weekend about the chancellor hoping to cut taxes again in a fiscal event before the next election. That to cut taxes again in a fiscal event before the next election. Before the next election. That is the challenge before the next election. That is the challenge because before the next election. That is the challenge because the the challenge because the government, there was a they are raising taxes to fix Public Services or give the electorate some kind of gift before an election and that is when politics strays into economics and its not necessarily about what is better for the economy but what might win them some votes. Thats ri. Ht and mig
Investors to rethink how they value the company and shares have lost more than 40 of their value so far this year so we can now get the latest with eric delmore in new york erin. There is a big question about whether tesla is a car company or a tech company . Or a tech company . Exactly, it is the reversal or a tech company . Exactly, it is the reversal from or a tech company . Exactly, it is the reversal from what or a tech company . Exactly, it is the reversal from what we or a tech company . Exactly, it is the reversal from what we used l or a tech company . Exactly, it is. The reversal from what we used to see from tesla because the questions used to circle around whether they could make enough cars to meet demand but now the question is more like, are there enough people who want to buy them . It has been a tough yearfor them want to buy them . It has been a tough year for them with shares down more than 40 and this reflects what the company has had to weather, competition from ch