Of japan and china ahead of this weeks g20. Welcome to bloomberg daybreak europe. I am anna edwards. I am manus cranny. She brought chocolate and tried to bribe us all. Lets get back to markets. Juneing news, the india manufacturing, 50. 9, versus 51. 6. We will wait for the u. S. Manufacturing later. Anna all kinds of pmi today. Euro btv 439, the oil market. Dawn. Butchery at day, ther the eighth longest winning streak since 2013, why . Paused for have the first time in 24 weeks. , the pace ofe shortening in the market, just for the moment has abated. Anna you couldnt believe that small move could be so significant, but apparently so. We will talk about oil in a minute. This is the picture on the msci asiapacific. In china, rebound sparking interest in chinese stocks. Going to russia, germany, the g20 looms large. Meanwhile, the bond connects starting. Tokyolitical story in could be significant for the National Debate in japan, but the yen does not know which way to go. What is abe do
The lows of the session. Now, the nasdaq remains the outperform of the day. The dow and s p are both down 1 2 of 1 . I was looking at the biggest drags on the s p. We see verizon as the biggest drag, the Company Coming out with earnings that matched estimates. It says secondquarter earnings might be deeper. Those shares down 4 . At t also down, along with verizon. Koch falling for the second day after coming out with its earnings report. Going all the way back to 2009, on concerns about a secular decline in the soda business. We are also looking at qualcomm, and the Ripple Effect it is having on apple. Commentsording to some that qualcomm made, are being interpreted by analysts as saying apple might be going in a new direction for an iphone component that connects it to the internet. That is something that qualcomm makes for apple. Apple is also lower. Raymond james saying that iphone unit estimates for june and september, those two quarters, will be lower than previously estimated bec
This is separate from the 1. 9 trillion stimulus plan that already has at least one key democrat balking. First, lets get the very, very latest from Mark Meredith at the white house right now. Same house, different occupant, i guess. Reporter neil, were still here also. President biden getting right to work this week signing multiple executive orders focused on a number of different issues from the environment to immigration policies as well as the my. On friday the president having a chance to sign two executive orders he says he hopes will focus on helping americans that are still struggling during this pandemic, one on increasing federal Food Assistance for low income americans, the other on developing ways to increase the minimum wage up to 15 an hour. The president says these executive orders are not going to be enough alone, he wants congress to pass that 1. 9 trillion stimulus package. On the covid19 package that passed in december as a first step, as i said at the time, its jus
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