Around 250,000. The u. S. Planes china. Blames china. Warren buffett bails out of u. S. Aviation. He says the coronavirus has changed the Airline Industry forever. Shery breaking news out of south korea, getting Consumer Price inflations. It is an deflation territory. This is now a contraction of 0. 6 . This is a bigger decelerations when itt was expected. Comes to the year on year figure, a little bit better, still accelerating, 0. 1 . Suffice it to say there is a lot of pressure on Consumer Prices and we have had social distancing measures continue to dampen command demand. You strip out a little bit of energyactors including factors, cpi still accelerating 0. 3 but missing expectations. This would lead to more pressure on the bank of korea to do more. Bloomberg economics expecting a 28e cut as soon as the may meeting and further measures to bolster liquidity. Look at how markets are trading, seeing Downside Pressure for kiwi stocks falling more than 1 , the lowest level in more than
Results as leadership speculation swirls. Lets look at how we are positioned on the markets. Australia, looking like a flat open. Moved loweres have on that news from apple. Nikkei futures off about a fifth of 1 . New zealand has been trading for about an hour now. Ospi futures the latest company to announce fallout from the coronavirus. Joining us, mark gurman. Background into this announcement. Apples second revenue adjustment to years in a row. This time it also has to do with china but for a different reason , coronavirus. Billion for the march quarter. They are not saying what the new Revenue Target is. It is very clear that this is happening an impact on them. Sales in china are down dramatically. Two stores, most of which have been closed in february. China is the third biggest market. Second, the iphone is temporarily constrained, meaning they are producing less and selling less in the quarter. Andiphone makes between 50 60 of the revenues depending on which quarter you are loo
Australias biggest business bank. Theteargas returns to streets of hong kong as police and protesters clash again. First, lets get you started with a quick check of the markets close on friday. S p 500 index seeing the biggest fall in seven weeks. Of course, there are people just waiting for any sign of progress on the u. S. China trade negotiations. At the same time, it was a shorter trading day just after thanksgiving before the weekend, so it was 16 below the 30 day average. Energy and Consumer Discretionary leading the declines. Nasa fell and nasdaq fell half a percent as well. We have the opec plus meeting this week. There are signs they may not want to cut even further at the moment. Lets see how things are shaping up in asia. After managing to cap a third month of game, asia stocks tech starting december trading, nikkei futures up more than 1 in chicago. Ross mcewan starts monday as the bank faces a list of challenges. At the weekend, the australian newspaper reported they faile
Wilbur ross tells bloomberg the china agreement is near periods tries President Trump wants this signing to take place in the u. S. The worlds Top Oil Company presses go on its longawaited share shale. They brought five brush off concern and says the price is right. Shery all change at the golden arches are the ceo is fired after breaking the policy. Markets have opened for trade lets. Lets get you straight to the Market Action. Sophie shares opening higher by 2 10 of 1 . This happened with the drop we saw for the benchmark. Keeping a close eye on westpac after a disappointing set of earnings. Ozzie yields tracking fridays drop in treasuries, rising six basis points amid trade optimism and a stronger jobs report. The aussie dollar is firmer. Offshorein on the yuan, trading below 704, building on fridays gains amid signs of stabilization. Asian stocks broadly looks to rises monday. Japan is offline for the weekend. Semiconductor players will be on watch on a report that the u. S. Govern
Tiffany. Stock has been rising in the green market ahead of the open. Paul lets get a check on how were doing on the markets at the moment. Weve had new zealand trading for a little while now. Looking higher by about, there you go, about a third of 1 giving up some of the earlier gains. We saw a very good trading major in the u. S. , all ndexes higher, small caps as well. 1 . Australia, up. 1 of bear in mind with australia, we here. Staggered open still performing well after up 2. 5 . s gains westpac. Ting for brian, the day, c. E. O. Buckling to what analysts saw as the inevitable and down in the wake of these Money Laundering llegations from one of the countrys regulators, 23 million separate breaches. His sword and n bringing forward his retirement 20192020 st half of as well. Trading t of chicago flat, similar story despite i ns that we have seen as mentioned fueled by trade shery. M, shery the u. S. Dollar strengthening broadly on the trajectory d the next year will be a result of