A lets do business american great microsoft could save the day for ticktock fads its in talks with the chinese owners of the app to buy the service in the u. S. Canada australia and new zealand the deal could stave off a president ial bad by ensuring user data stays in the u. S. Office life today would be unthinkable without microsoft word and x. L. But so far the worlds leading Software Producer hasnt ventured significantly into social media that however could be about to change. U. S. President donald trump wants to back chinese and platform ticktock in the u. S. He feels data from u. S. Citizens could end up in the hands of beijing communist party this could be microsofts. Is an internationally successful video platform 2 8 3 2 2 4 8 9 2 4 ringback. It allows users to upload short clips of themselves and watch clips of others available worldwide its owned by Chinese Company bite stumps thats a problem for the u. S. Government trump wants to curb their aging influence in the United S
Welcome to daybreak europe. Started the year risk on. That has taken ahead after reports u. S. Airstrikes have killed the top iranian commander. You are seeing red on the screen for the msci asia asiapacific index, excluding japan. Japanese equity markets still closed for the holiday. Yesterday we saw the essence 500, nasdaq, and the dow hit records led by mega caps. Futures taking a big hit as well. S p futures down 0. 8 . Money moving into treasury futures as well. Japan closed the 10 year yield flipping yesterday dropping back below 190. The yen hitting a two month high. Gold at a fourmonth high. Oil rallied strongly as well. Brent and wti approaching 17 a barrel, hitting its highest since the attacks on saudi arabia and infrastructure in september. Our top story, irans Supreme Leader has about super severe retaliation after the United States killed one of the islamic republics most powerful generals. Great to have you with us. What do we know so far . What we know is the strike and
Big move. Key under performer is the small caps. Watching . Hat are you we had a small decline for major averages. For the s p 500, three down days. First time since early october. Lets put in context of the technical part we have been looking at for months. All, with the rsi going appropriately from overbought to oversold, then the range everyone was talking about when the range was breaking out, we have this multiweek melt up, but today, we have these three small down days. We may see the s p 500 move down toward its but 50 day moving average. Supporting a pause or consolidation. But there is an area here where it lifts up and down. We may be starting a new higher range. Speaking of higher range, a big day in oil markets. The most active west Texas Intermediate Oil contract, rising 2. 5 . Lateis the highest since september. Futures up 1 or more across the entire oil curve. The brightucers are spot today. Exxon mobil up 2. 5 . Xle, sp, you have , they arerry and mlp among the biggest
Treasuries are up in the pound is strengthening. Eurodollar, you can see 1. 10 52. As the focus shifts to Central Banks, a lot is coming up with news this week. We also have to look at renminbi. At seven. 08 7. 08. Some breaking news, a new chief executive at the royal bank of scotland. Alison rose will start at the position from november 1. And makes her the first woman to become one of the big for the over to hong kong, thats where Amnesty International is alleging the police beat be prodemocracy protesters. They also accuse the police of committing acts that amount to torture they would not comment, but say they respect the rights of people in custody. This weekend, demonstrations are expected to continue. And allout war in the case of iran in the country, thats according to the foreign minister speaking to cnn. She denies irans involvement and says he hopes to avoid a conflict and adds iran is serious about defending itself. Benjamin netanyahus days as Prime Minister may be numbere
Lots to talk about. Looking at chinese debt, its another way of looking at all of this as the Deleveraging Campaign continues. , have a up the chart look at this is the borrowing binge. It has really been chronic. It is a chronic concern. Looking at this, we have total 206 of gdp, higher then twice the average economies. Should we be paying that much attention to the total amount or should we be looking ahead . This is deleveraging, the push that we have. There could be some light at the end of the tunnel for the naysayers about the chinese economy. Kong, shenzhen, shanghai and just under half an hour. And we have singapore, taipei, and kuala lumpur. On the street of dreams overnight. A tech rally, it was felt by the draw we saw in metals. It could be in for an interesting session. We will take a look at the big picture. The longest losing streak this year. A dollar. Tracking the decline into your treasury yields. Some of the tax talk optimism. Sliding with bond yields on the gdp. Seei