Haidi welcome to daybreak australia. We are counting down to asias major market opens. Annabelle im Annabelle Droulers in hong kong. The top stories is our, positive move as the u. S. Inflation gauge slowdown reinforces fed cuts as early as september. Wall street stocks closing at fresh record highs while bond yields retreat. Japans megabanks forecasting Record Net Income as the boj moves away from negative rates, seeing a combined windfall of 21 billion. And china tech earnings on the way. Well bring you jd. Com and baidu results. Haidi take a look at how we are setting up in asia, set to rally after u. S. Stocks and bonds climbed on indications of slowly but surely slowing inflation data from that cpi print. The takeaway was that potentially provides affair with a little more room to start easing sooner, even as weve heard from jay powell that in the face of lacking evidence of disinflation or pressures that we may be staying higher for longer. Its a pretty robust set up, sidney futu
You have the nasdaq up by almost 9 treasury yields are a little weaker t tenyear yield at 4. 814 . And openai will have a product Conference Announcement today. Sam altman said they will not launch a Search Engine, but working hard on new stuff they think people will love and feels like magic to me according to people close to the information. This Technology Rolls Image Recognition into one product for advanced Voice Assistant and separately or maybe not separately, you will see how things are coming together apple nearing agreement to use openai and its technology on the next generation iphone to allow apple to offer the chatbot as part of the features that are coming next month. The big issue there, by the way, to understand all of this, openai is now processing all of its queries in the cloud apple, for privacy reasons, is to query all with siri and on the device processed on device. The question is going to be is there a clever way with some of the Openai Technology ends up being
And Lisa Abramowicz. Jonathan this is bloomberg surveillance, on tv and radio, alongside tom keene and Lisa Abramowiczs Annmarie Hordern. The s p 500 is negative by 0. 3 . Under surveillance this morning. Boston fed president Susan Collins saying the rise of longterm yields surprising tightening financial conditions and persists which reduces the need for further Monetary Policy tightening in the near term. That is where our focus begins. Lisa a what we saw yesterday in the market did not have to do with fed speak with an auction that did not work well. There is a question of whether the fed has lost control of the narrative. Then speakers can keep coming out. We heard from Patrick Harker today. They have lost control of the market is what sign around with what they perceived to be inflation. Jonathan it is easy to blame inflation but they came in soft. Annmarie they will point the hands at congress for a number of reasons because they dont have a speaker. When you look at what the Con
7,000 more signatures than needed and theyre confident all 20,000 signatures collected will be verified. So i dont voters have made that first decision. And they have made loud and clear. Over 20,000 to lionel residence have signed the petition. The campaign to build a New California city is moving for jan tram make ceo of California Forever says they are gaining the support of locals submitting more than 20,000 signatures tuesday to qualify the east. A homes, jobs in Clean Energy Initiative for the november ballot. 7,000 signatures. More. Than was required. For the 1000 signatures are required. Thats over 60 for something that was more than was required. Its now up to the solano countys Elections Office verify each signature. Is there a 5 voters will decide whether to allow urban development on land currently zoned for agriculture. The new town is being described as a green city for up to 400,000 people in the San Francisco bay area, the Travis Air Force base as a group did address th
For and why pd to move in after giving them time to voluntarily leave the premises of the building. The protesters say theyre not doing that. And thats why police are now getting ready to move in. It could be a long a long night in manhattan. Protesters had defied the school and had entered that building. Breaking glass windows and had taken it over there, taking removing furniture and the mayor had given them an ultimatum and they did not meet the mayor has called nypd and there they are. Im going into the building ostensibly to remove the demonstrators. They were told to take down the tents that are in the middle of the campus. And students didnt do that. So yesterday authorities started taking away tense and then the protesters put more tense up. In the meantime, a lot of the students were told that if they didnt leave and and leave the protest site and bring the tents down, theyd be suspended from class until june. And those students who didnt follow that and most of them did not h