Last we checked. Markets are coming online at lake jakarta in the last hour. Taiwan, down one and a half percent. 19,000 on the hang seng index. It jakarta coming online as well and there is a lot to get through, everything from china, weakness across asia fx, 30 year bond option looking ahead to. The inflation print of the United States. What are you watching . Yvonne you talked about u. S. Inflation. It is interesting to see yields are lower on the back of yield options. Many were thinking this would be a selling week. It goes to show there is demand and it is looking solid overall. What fixed downgrade . It seems investors are overlooking that so even if we see in inflation overshooting if it is marginal maybe it wont change anything in terms of the bond rally. China is another discussion. Inflation, what does it mean for the world economy. Theyre going to be front and center to really engage where the consumer is. Rishaad growth in commerce revenue and we had four consecutive decli
Dani good morning. This is bloomberg daybreak europe. Im dani burger in london with the stories that set your agenda. Countdown to the u. S. Cpi print. Asian equities mixed after a techled to selloff on wall street. Disney gains after i words after hours as tax cuts and hollywood strikes save the Company Millions of dollars. Gas prices jumped the most since march as lng workers in australia vote to strike. Brent crude traits near an eightmonth high. I will bring you the market check. Were looking at equities that are bouncing back after yesterday. Yesterday was led by tech, the selloff. A little consolidation in front of the cpi, topping necessarily specific. Futures are doing better this morning, up by about 0. 4 . Treasuries not doing too much either, were expecting a 30your auction following the 10year auction yesterday which had solid demand. Yield coming in below 4 . We got siemens earnings. It is a miss pretty much acrosstheboard, weighted down by china decline and wind turbine l
Approaching midmorning across the asiapacific. Session highs on the benchmark itself. We are looking at emerging markets index, the adage when china starts to go one way, that is where most things go. We are going the opposite way as far as the china story. At least the last 18 months or so, quite a rally that is forming. Weve seen this movie before. It feels a little bit more different when you juxtapose the amount of measures and announcements and pronouncements and promises that have been laid out the past two weeks or so. Whether the data at some point sort of moves with the rhetoric, yet to be seen because as we were pointing out the pmi numbers are underscoring the need for why we are seeing more of this out of beijing. Romaine the thing is we got the beige book, reinforcing what goes on in every Industry Group apart from essentially going out and traveling a little bit. Otherwise, a dismal sort of showing. Chinese people cutting back on everything but travel and restaurants, the
In the u. S. , the search for a gunman accused of killing 18 people in the Northeastern State of maine. Im brent goff area to our bures watching on pbs and around the world, welcome. It happened under cover of darkness. Last night israel tanks carried out the largest incursion since the hamas terror attacks. The raids were brief and targeted hamas positions in gaza in preparation for eventual ground invasion. This comes as the u. S. Humanitarian coordinator for u. S. Territories warns nowhere in gaza is safe and the hamasrun Health Ministry says is really strikes have killed more than 7000 palestinians. Reporter an uncle picks up his nephews body shrouded in white. Another victim of gazas worsening humanitarian crisis. This is one of my nephews. My brothers and children were murdered. My nephew was injured two weeks ago. Because the crossings are closed for medical evacuations, he passed away. There is no medicine for efficient treatment, no fuel, but the doctors did their best. Report
Mathisen. We got this close early today, fed chair powells seen as dovish and then hawkish sending yield on a wild ride. Tesla tumbles following results from elon musk and several analysts cutting their price targets an one of the biggest bears on the street. We will. Tyler, lets get a check on the markets. Dow fluctuating all over the place, down 38. Down across the board on the major averages only by a bit. A quarter point for the s p, 4305. Rick santelli saying because the twoyear yield has backed off since we heard from chair powell given room for stocks to initially turn higher although given up the gains now. And the long end might be the culprit for that. The yield on the 10year like tyler said, see the spike around 1 00 p. M. Eastern almost touched 5 , 0. 004 shy. Elsewhere, netflix shares like yields, what yields. Were up 15 . Higher prices, password crackdown seems to have put the company on a growth trajectory. Shares up 16. 5 . Well get more coming up in three stock lunch.