U. S. To helping chinese intelligence. Claims to there are the South China Sea. Coronavirus cases topping millions, and florida surpasses new york as the second most affected state behind california. A daily record for deaths. Pause as they debate new stimulus. Republicans would like to extend the jobless payments to cover 70 of lost wages as the Economic Outlook dims. Shery lets look at how markets are trading at the moment. We see u. S. Futures to the upside after stocks fell last week with escalating china tensions, not to mention the wrangling in washington. For thegold sent above First Time Since 2011, and the , the nasdaq composite finishing at a twoweek low. Take a look at what well is doing. Is doing, brent above 43 dollars a barrel. This, of course, after we saw some pressure last week on signs of weakness in the u. S. Labor market. Prices dids oil manage a gain. The dollar index fell to a sixmonth low, the week dollar overshadowing concerns. Yes, lets take a look at asia, a p
That. Surprised at david who do you it was directed to . [laughter] alix probably President Trump. David you think . Alix but it isnt the first time we have seen resident we have seen president s talk to fed chairs. It is the first time i think i have seen a president say we will fire you publicly. Alix in the markets, if you are an equity trader, you are probably breathing a big sigh of relief. The question is, is this a bit of a relief rally or did we finally find some sort of a bottom . S p futures up 8 10 of 1 after the worst two days of this year. Eurodollar flat. A record, still seeing low in the bond market, so it feels like the same story, maybe just a pause. David now it is time for bloomberg first take. We are joined by Stephanie Flanders and marty schenker. Lets start with this announcement. The Treasury Department found china to be a currency manipulator. Result, secretary mnuchin will engage with the imf to eliminate the unfair competitive advantage created by chinas lates
Paul hello and welcome to daybreak asia. We are coming down to asias market opens. Shery asian stocks are poised for a week open with Interest Rate risk overshadowing the deal to avert the u. S. Shutdown. Mixed messages on factory activity. Data picking up for the first time. Plus fords ceo blasts thuw demands for future battery plants with expanded strikes into their third week. Paul lets look at markets around the region. Trade in australia, we moved to weekend the assets is trading. We may see soft volume t because it is a bit of a strange day. Outh wales here, much of the country is trading, the ai sex is trading but we have action at the moment. The bon side is quiet. We do course have a reserve bank meeting rro with Michelle Bullock having hr first meeting in charge as governor. We seem Consumer Prices taking up inustralia, adding some weight to the idea that the rba ma have one more move left in the. The inflatiead later on. Aussie dol is 64. 31. Elsewhere have nikfutures lookin
Maria good morning to you. Thanks for joining us. I Maria Bartiromo ended thursday, september 20th. 6 00 a. M. On the east coast. Tax reform taken a major step forward to begin debate on legislation expected to come as early as tonight. Reports are suggesting that some republicans are considering cutting the rate to 22 instead of the planned 20 . President trump spoke about the importance of getting this done today. We cannot sit idle if i can watch ourselves losing a competition to other countries as they continue to take away our jobs because their tax codes are more competitive and less burdensome than ours. In order to achieve this bright and glowing future, the Senate Must Pass those taxes. Maria the deal could help propel them already for shane economy which is full of potential for the first time in a decade. Gdp growth in the First Quarter sitting at threepoint 3 . We gave you this number is yesterday in the relic can use its momentum industrial of 90point on top of another hug
For a monday morning. Here at post nine on a day where were going to put the month of november to bed. First up, sue herrera has news at hq. Going to try it again. Will file for an ipo according to sources quoted on dow jones for 2016. That ipo will go off the board apparently. The valuation of the exchange operator, more than 2 billion. You might recall the first attempt by bats to ipo was in 2012 but it was derailed because of a software glitch. Theyre going to try it again some time in 2016. 2 billion is the estimate on the Exchange Valuation and theyre expected to file the prospectus as early as september. Joining us this morning from palo alto, the cofounder of elevation partners, roger, good to see you. Always great to be here. The cyber monday. The new normal for Holiday Shopping. The survey found that more people shopped online than in stores other the weekend. Accord to adobe, people spent 4 billion online thursday and friday. Up 14 year on year. After a more than 20minute out