Lee. Good to see both of you guys. Dow is up 170 with a pretty good rally all morning long as you can see as we had good auto sales and dovish come mens from dudly as well. The director of the fbi and apple senior vp will testify on capitol hill. Comes as a new york judge side with apple in a similar case involving that locked iphone. It could effect the government arguing about unlocking the iphone used in San Bernardino. What a turn of events it was last night as we looked at what this judge said specifically. Specifically about compelling a company to create something that they dont already have in order to assist the government. Seemed like some legal things are turning in apples direction. I read the prepared statement that well get when he gets in front of Congress Later today. To me its the clearest articulation of apples argument here but it still seems to me that they need to get in front of this story. Articulate the value of encryption to the consumer so the politicians have
Turkey. In germany, chancellor Angela Merkel suffered a political setback. The antiimmigration alternative for Germany Party made strong gains in preset elections that were dominated by the refugee crisis. Support for her Democratic Union fell across the board. Donald trump is trying to counter a late challenge from john kasich and ohio. Polls show john kasich a be pulling ahead, and days before the primary there. His campaign has been overshadowed by growing violence at his events. Activist groups and supporters of democrat bernie sanders. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus and now to thed, markets with matt. Matt take a look at futures. We are down across the board. Not huge drops, but a loss of 15 points on dow jones. If you take a look at the indexes, or lets take out the s p and look at yourtodate, you can see we are at a level to almost where we back to were at the beginning of the year . Being unchanged for the year, which is co
Nike walking away from Maria Sharapova. Serena williams says her rival is showing a lot of courage. China, Hong Kong Markets getting underway in about half an hour. Singapore, taipei and kuala lumpur in time. We have a stronger yen, which is earnings outlook for exporters. The cost be currently unchanged. The kospi currently unchanged. Expecting the rbs Rate Decision tomorrow. They are expected to keep their cash rate steady at 2. 5 . We are seeing the market housing boom and the bank in little bit cautious about overheating. Emand and its one hour to trading in japan. Lets take a look at some of the movers and japan. All of these stocks are plunging today after the ratings were downgraded. Fujifilm cut to hold. Mitsubishi has stayed down 1. 8 . 2. 2 , air rising today despite reports that pilots are going to rally in hopes of getting more active wage talks going on. Following two point , even when i be case securities raised its price target to 30,000 yuan from 27,000 yuan. Sk hynix i
Contest locked in . And lets talk about this merger of equals. Its ultimately, never quite worked out that way. Hans we will not say anything about whether this is a merger of equals, but it does seem to me that when london goes against any german city, london gets the upper hand. It seems to be structured in willnys favor, but we have to see what the details say and importantly, what the ceo says. Guy i think it is a brave move before the brexit, but maybe they are taking the risk. We will find out how those stocks open a little bit later on. We are 30 minutes away from the european open. We have the politics story to talk about, as well as china, and the fed. Cautious is probably the phrase in advance of the fed. Were waiting to see exactly what janet yellen says a little bit later. My massive move this morning. Not a massive move this morning. it seems we have a couple things on deck. When we look at the assets, it does seem we have some weakness in the u. N. , which is not surprisi
Concern around the world. Milking it, doubling firsthalf profits despite low dairy prices. Dividendsging forward , the best way to help farmers. Follow me on twitter rishaadtv, include trendingbusiness. Markets getting underway in half an hour. David is having a look at sentiment. David it is risk off, not a rush to the exit. When you look at markets in europe overnight into where we are at the moment, mostly flat. Holding theiry, ground in light of events in europe. Asia at the moment, most markets on the way down. It is flat, volumes down. , likeg moves yesterday the drop in the pound, weakening avethe japanese yen, h held flat. Taiwan comestoday, out with factory output after lunch. We are expecting to see a contraction there. Singapore with Inflation Numbers at 1 00 p. M. Local time, 16month to see a dropped there. Mostly speaking, big picture, nothing much happening. The next waiting for big catalyst to guide them forward. Rishaad big talking point today across the world, how will