Further. We are joined this hour by finance minister. The other big story today, lawmakers in washington take aim at the power of big tech. Saystitrust investigation they are abusing their dominant status. Australia coming online. Lets turn to Sophie Kamaruddin in hong kong with a checkup on markets. A two day rise, we are seeing pressure come through for the benchmark while the aussie dollar is testing that 71 popl after forming a double early this october. We are seeing action in the bond space. The front end of the aussie curb slipping with the three year yield falling as much as four basis points earlier in the session. This after australias updated debt issuance coming in less than expected. I want to highlight bhp shares. We are seeing the stock fall as much as 2. 3 this morning. Tesla bhp in focus be at flipping the board to check in on futures, s p eminis under pressure. The yen trading study but theres upward pressure on the stimulus deadlock. We are watching iphone makers aft
Meantime i want to go to blake burman on this back and forth so far how the cases are going because this is happening we have had backtoback days of 30,000 cases reported in this country. Something we have not seen since the beginning of may. To you, sir. Reporter neil, yes, the number of cases growing across the country. Over here at the white house though they continue to be adamant in their view, according to public experts they talked to and listened to here there is not a second wave right now. The white house view at the current moment. Though we are continuing to see the Economic Impact of covid19 and what it is having all over the country in just about every pocket you look, the latest example in northwest arkansas because china has come out today and said it is not going to be buying poultry from tyson foods facilities in northwest arkansas. When you look at the numbers, neil, there is a reason why because according to that company there have been roughly 3700 employees been t
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Haidi risk off mood in asia. Treasury yields higher along with the dollar. U. S. Crude prices hitting a fresh one year high with shrinking stockpiles in the larger storage hub spilling demand for physical barrels. In battled Country Gardens takes a step towards restructuring its debt after narrowly avoiding default. Shery how u. S. Futures are trading early in the asian session, marginally higher at the moment after stocks finished mixed in the new york session. We have the s p 500 fluctuating throughout the session, just to finish where it started the day. At least, it ended up erasing some losses we saw earlier in the session after President Biden counted Artificial Intelligence. We have the vix declining a little, still at the highest levels since the end of may. We have the nasdaq 100 outperforming today. We saw treasuries slumping again today.
Or nondecision. 59 minutes from now. But meantime, we start off with apple. That stock is more than doubled the daily volume average, 80 million shares trade sod far today. As you might expect, apple is pressuring the nasdaq. Surprising moves in the dow and s p 500 which look to be pretty resill yenlt on t yenl resili of this news. What does apple need to do to bounce back from the first revenue decline in 13 years . Lets bring in our analyst who lowered the price to 125 after 141. Jason ware, he owns 143,000 shares of apple. Gentlemen, great to you have with us. Ill start off with you, you know, it really is the Second Quarter revenue guidance that has a lot of investors concerned. And all the reasons they list behind that revenue guidance lower is theyre terrible reasons. Plan to cut inventory by 2 billion. Lower average selling prices because of that se. Overly optimistic forecast for the mac during the back to school season. Why do you stick with an overweight rating right now . We
Emily im emily chang and this is bloomberg west. Coming up, to infinity and beyond. A reusable space race heats up as the spacex rocket returns the earth. In Silicon Valley ford talks to google to build self driving cars. Silicon valley raises the bar on over the top holiday parties. We will take you on a full tour with the celebrations at google and facebook. Remember this . That is a spacex rocket trying and failing at a soft landing on a barge in the middle of the ocean in april. Today is a new day for elon musk and the entire space industry. Spacexs falcon 9 booster successfully donlanded in cape canaveral. This was when another falcon 9 was destroyed last june. The point dramatic cost reduction. They spent more than 60 million on each standard launch and musk is aiming for 100 fold cost reduction. How close are we to the goal . Joining us to discuss is a former nasa administrator and jimmy, the ceo of a satellite imaging company. 11 satellites were released into space. Laurie, i w