Plus financial secretary. Were standing by for Election Results in argentina. The president is under pressure there. We will have the latest. Paul lets take a look at how things are shaping up in the market today. The straily just up and one minute ago. In as are coming online order in australia. Not a lot of action. Futures were indicating pickup of about a third of 1 . Futures for the nikkei traded out of chicago. They are looking slack right now. U. S. Equity markets are also pointing higher. Sytock global stocks back to the highest levels seen this year. Lets check in on the first word news. Su we begin with the california fires. Workingters are to contain blazes across northern california. This has forced the evacuation of 200,000 people. Homes have burned to the ground. This is driven by a windstorm packing 90 mileperhour gusts. Gavin newsom has declared a state of emergency with nearly 3 Million People without power as of sunday. The result of argentinas election is expected in
Plus huber, mcdonalds and under all fall on earnings. A it is decision day, a Bloomberg Survey is 100 certain rates will be kept at hold. Markets have opened for trade. Any he stocksouse are faring. Is undere dollar pressure up a 10th of 1 with bond yields higher. A largely anticipated hold. The aussie dollar reversing a to . 70. A move lets get a quick check on futures elsewhere. Futures hitting gains and a little change for the japanese markets as they reopened there. The cost could snap a threeday event while kiwi shares are extending mondays gains ahead of vika data from the region. Ocbc, the Bank Reporting at 1. 7arter income billion. Thirdquarter net income coming in at 1. 17 billion. We are seeing the Interest Income coming in at 1. 6 billion. Income at just over one billion singapore dollars. Thirdquarter allowances for loans and other assets coming in at 179 million. See,e expecting to particularly when it comes to wealth related assets, seasonal benefit when it comes to hong
Mistakes on the grounded. Slashed. Where will the s p trade . We will have the latest. Been told 3 higher, you would have laughed. What is bizarre is the trajectory of the Economic Data and the u. S. China trade talks. It is 9 00 a. M. Across the the trajectory of earnings has gone according to plan. Emirates, 1 00 p. M. In hong either something massive is missing, and i have yet to find but i think this kong. I am tracy alloway, this is bloomberg daybreak middle east. Manus i am manus cranny. Week will be the moment where if we cannot identify what we are missing, the bears must capitulate because we have catalysts lined up. This is where wall street meets politics meets investment. There is the jobs data friday, somewhat say the big opportunities. Still companies some would say the big opportunities. To report earnings. Tracy you write on the mliv in politics, we have steve mnuchin, jared kushner, and a blog that this is crunch week for the bears. Man close to politics and talk to us
Google and apple outperforming, while netflix and others have lag behind. A chief economics advisor is still with us. Martin, how much are these going to help power the s p 500 to another record . Martin i assume the Semi Conductor market has done better, and 5g, where rollout is important, and the trade negotiations are going to be a key issue, because the growth deceleration we have seen this year is tied significantly to trade friction. If we see a lifting of the trade friction, investment will return quite rapidly, and that will be very, very good news or the technology companies. Manus as far as the earnings season, i had a guest earlier. Earnings, a the slight touch of hunger, is going to hit the market . Do you think we are already priced in with an earnings dip going in . Ontin yes, the surprise is the upside rather than the downside. Trade slow four months. We have seen investment slow for nine months. We now have the labor market deceleration, and this is a key reason why we
Were talking about other cloud plays on the horizon the Halftime Report starts right now. Great to be with you on this friday, your investment committee, joer er ijoe, john,y young, senior Portfolio Manager with young and associates at morgan still is larry fink right . Are investors not being aggressive enough right here, serrat with markets on the precipice of a fed rate cut . I think right now its fair to say we are properly valued. I dont think you want to be more aggressive going to the markets. Earnings are coming down we have a lot of uncertainty stocks have had a great run, plus 20 there are opportunities. I like a barbell approach on investing, where theres growth and value but going full force into the market is a little scary. Theoretically if rates come down, doesnt that make valuations more attractive, more acceptable to have higher valuations youre factually correct and discounted cash flows. I sense a but coming. But but b not a but, a distinguished perspective. From a f