High end model with the biggest screen yet but shares are slipping after yesterdays big gains. Banks but are in the red a busy afternoon 59 minutes left of trade the dow down 157 or so. Lets get to the big stories. Josh lip ton has the latest from today as apple each. We have the latest on eli lily and we have the Broader Market action josh, apples shares are slipping today, but still higher so far for the week. Wilf, apple bulls will argue what you saw today is the start of a new iphone super cycle. We have to wait and see whether consumers though are just as excited. Tim cook introducing the companys first new 5genabled iphone, the iphone 12. It will be available in four versions, different sizes starting at 699 for the mini, which has a 5. 4 inch display to the max, which has a 6. 7 inch display and costs 1,09 9. The transition from 4g to 5g is complex. Some argue 5g coverage is spotty right now. Though it could act as a catalyst helping to bring the technology to the mainstream won
Breakthrough could happen any minute. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The focus of courses on the markets, because we are expecting a lot of earnings, banks, roche coming out, and later, u. S. Stocks. Poundlso looking at the on the back of the selfimposed brexit deadline. If you look at some of the earnings, they reignited a bit of concerns about the number of cost cuts and job cuts. Time, you can see european stocks down 1. 7 . Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leighann good morning, francine. Disappointed by the slow brexit trade talks, and a call with eu leaders, he said he will decide after this wiis key summit if it is worth continuing to work for a deal. He previously indicated the u. K. Will walk away if no agreement by october. Germany is still optimistic a deal can be reached. Always the right way to discount questions that can be difficult, and sometimes at the la
Effect. Is still flat,n and we are watching the korean won, seeing some slight weakness this money. Indonesia is coming on the line at the moment. Chinese stock continues to extend these gains, after the reopening of the holidays. Pointing positive as well. We are spending some Inflation Numbers coming out of india. Where watching the commodities of course. That slide in for the second day. Supply constraints are starting to ease right now. Bolivia and its biggest both owed could be at capacity. And a bit ever treat in iron ore. A bit of a retreat in iron ore. Tom there seems to be potential for the currency to resume gains. Lets discuss now with fred neumann, cohead of Economic Research at hsbc. Let us bring you an update on the nba. The l. A. Acres definitely l. A. Lakers have beat the miami heat. The l. A. Lakers have now won the chairmanship 17 times. This puts them toasted so the caltex. Season one longest record. The nba was effectively frozen out by the controversial tweet back
Not good enough, eu leaders are set to say no breakthrough in brexit talks. Boris johnsons thursday deadline for walking away approaches. Bank earnings turned sour, jp morgan and citigroup slide despite posting betterthanexpected trading revenues. Bank of america and Goldman Sachs are among firms reporting today. Clinical complications, eli lilly becomes the latest company to pause its covid19 drug trial. We will bring you our interview with rival Johnson Johnson. One hour until the start of cash equity trading across europe. Thats look at what is going on in terms of futures. We are seeing gains and European Equity Index Futures even after live trade. An you can see ftse futures up 0. 3 , and euro stocks and dax futures little changed. In terms of u. S. Futures, you can see on s p and Dow Jones Futures slight gains, a little more on s p. Nasdaq futures up 0. 3 . Anna, you have earnings out. Anna lets get the closing details, the business talking about the year but remaining cautious o
Plan, but Republican Leaders warned the gap remains wide. Mitch mcconnell says the plan contains poison pills. Bloomberg economics cuts its growth forecast for japan, saying the recovery is weaker than expected. This hour brings a survey showing what business thinks. We are getting breaking news crossing the bloomberg. President trump has moved to sign an order which would expand u. S. Mining, citing a threat from china. President trump has moved to expand rare earth mining in particular according to an official. We know china has in recent years have a huge presence when it comes to rare earth mining, which is used from everything from cars to mobile phones. Officials say President Trump has moved to expand rare earth mining for the u. S. There is a political element where union votes will be key going into the election. We will get you more details as they get to us. Lets take a look at the thursday session with sophie kamaruddin. Miers we are watching across the region following tho