For a second time this year. We have world coverage here on daybreak asia. We will be live in tokyo later in the program to talk with Japan Airline accepting bitcoin as a payment method. Of course, we are watching the fed decision. The other story out of the capital was the shooting of a congressman during baseball practice. We will have a live report a little later in this program. This is daybreak asia, live and asiambergs u. S. Headquarters. I am betty liu, in new york where it is after 7 00 p. M. It is after 7 00 a. M. Here in hong kong, i am shery ahn. We have seen the fourth rate hike after the financial crisis. Expected. H not surprisingly did not get a huge reaction from the market. Betty not a huge reaction at all. We made up some of those losses right after that said decision. Of course now there will be lots leaf reading on when the next set hike will be and when it will unwind their Balance Sheet. That will be the topic that dominates the conversation around the fed. I want
We saw it declined last month as well. So all of this boost from por parttime jobs. Participation rate increasing to 64. 5 . The aussie dollar climbing and climbing fast. ,aidi it does beg the question these structural changes, the gig economy, the decline in fulltime. , the Interest Rate probabilities, if you look at december, expectations of a cup from the rba just over 12 , but the rba isy, still stuck between a rock and the hard place. I am glad i am not on the board. It is a difficult tightrope to walk for the rba. This is something they always talk about this in the statement and minutes, weak labor growth. That is one theme that is remaining consistent throughout, the casuals station casualization of the workforce as those parttime numbers keep going up and up and up. Shanghai and hong kong open, lets get to sophie kamaruddin, the aussie dollar and its move as well. Sophie chinese stocks adding to that picture, the shanghai composite extending wednesdays drop, down. 1 , headed f
Ecb prepares to deliver its latest policy decision. Jamie dimon found a pessimistic about the future of europe. The eurozone may not survive. That is a very complex thing. That is a pessimistic view of europe. Pessimistic,term yes. Unless they change. Francine good morning. This is bloomberg surveillance. Im Francine Lacqua in davos or the World Economic forum. We are in today three. Tomorrow, we are live from the forum. A whole host of interviews coming up later today on piereillance including carlo padoan and Goldman Sachs ceo Lloyd Blankfein. Lets get straight to the bloomberg first word news. Heres sebastian salek. Sebastian the chair of the u. S. Federal reserve said the u. S. Economy is close to the Central Banks objective of full employment and stable prices. Janet yellen also said she is confident it will continue to improve and it makes sense to gradually reduce Monetary Policy support. As of last month, i am most of my colleagues, the other members of the fed or in washington
Business and middle east. Is 7 00 a. M. Here in triad. I am in dubai where it has turned 8 00. Look with a u. S. Markets. The s p, relatively unchanged despite corporate warnings. Earnings. The s p had a good week, the best since february. And the nasdaq down 0. 1 . We have a lot of investors treading water, and ahead of geopolitical risks taking place in the form of the french elections. Wti crude below 50 a barrel. A painful week for oil investors. Gold up. The u. S. Dollar index, treading water. Take a look at the euro stock volatility index. Its spiked 4. 2 . A little bit of nervousness in the markets. Looking back in terms of trends and patterns, a tough week for oil prices. It is going to mean a tough week for gulf stocks. Impactsreally see some on what has been happening. Individual numbers and how they performed. Stocks, 2. 6 . The Property Developer making a little bit of gain. Weakness in stocks like kingdom holdings. All down, over 4 . The volumes are below the average. The
Afternoon. The fbi secretly arrested an nsa kr contractor for stealing contract materials. He worked just like Edward Snowden. Another black eye for the firm and shares are moving slightly lower. We have details on what was allegedly stolen and the potential fallout here coming up. Meantime, salesforce. Com is reportedly getting more serious about this bid for twitter. Shares of both stocks moving in opposite directions, although there has been a comeback of sorts for twitter. Jim will get more on this. A possible bid for twitter by it sales force. The weaponization of finance. Thats when countries like the u. S. Use the power of banks to impose its will on other countries. Ian bremmer will explain the risks of this strategy. Its a lot to think about. Hes calling it after the gzero. Youve got the imf meetings tomorrow. This will help get us in the mood for global conversations. Lets start with western crude at 50 a barrel. Plus this discovery, more oil off the coast of alaska. Jackie d