Amazon billion offer to goes from rivals to partners as jeff bezos is willing to take a 40 stake in his indian retail revolution. At thelets take a look set up for the session of trading in asia. We saw that resumption of the loss in the u. S. How are we setting up in this part of the world . Sophie a pickup in volatility once again. In asia, futures are mixed, but we are seeing s p eminis. Chicago adding. 3 . The yen is stuck in the range with brexit risk also a consideration. We are watching tiktok reaction to trumps extension of that tiktok watching reaction to trumps extension of that tiktok sale. Jupiter Asset Management is cutting its exposure to debt of Chinese State linked borrowers so that is something to consider as well. Ahead of the u. S. Election, you are seeing one vol bets can yuan vol bets. Keeping an eye on korean bonds with potentially 6. 3 billion of supply coming through. The government may submit its proposal to parliament this friday. The global rush of Corporate
Earnings from continuing operations was just 0. 10. Terrible numbers from certain sectors. Iously, retail search obviously, retail front and center. Market, kind of a mixed bag. Terrible data, yet equities tried to stage a rally earlier. Now futures flipping into more negative territory. Definitely the eurodollar and dollaryen are two to watch today. The yen was significantly higher thats butt all dies all eyes really on retail data later. Lets get some more market moving news from our new york and brussels teams. We want to start in the u. S. , where we are expecting more of that dire economic data. Many nonessential stores are closed. We also get Industrial Production. Michael mckee, International Policy and economics correspondent, joins us now. Michael i will give you guidance for the year, dismal. It is only a question of how bad they are going to be. Retail shrank by 8. 7 in march, when things were just getting started. In april, americans spent all of the time at home, not going
Good spirits. This hour brings earnings for samsung. A crucial report amid the virus disruption will show how the chip industry is weathering the global storm. Shery lets start you with breaking news out of south korea. We are getting become your current account balance. Right now, the surplus coming in at 6. 41 billion. Also for the goods trade surplus ining in at 6. 58 billion february. Both numbers are a significant rebound from the plunge that we saw in january when it hit the lowest level in seven years. Exports have been stabilizing after that hit from global trade spats and the double chip industries downturn. For the month of february, we are seeing an update and a rebound with a current account surplus at 6. 4 billion. The goods surplus at 6. 6 billion in february but of course we are headed to seymour economic fallout from the coronavirus outlet, so we will keep an eye on those trade figures out of south korea. For now, lets get you a quick check on markets. He restocks at th
Americans, its bad. The infection adds to the oil slump. Shery lets get you started with a quick check of the markets. We were seeing earlier losses gaining three tents of 1 , but its still early in trading coming off the worst day again since 1987 and losses accelerating and falling to session lows. President trump talked about economic disruption lasting well into the summer. The dow now falling to the lowest level in two years. Losse talking about a 30 since the peak in february. We are seeing the Downside Pressure with the s p 500 index. Every sector on the s p in the red with losses of at least 7 . Financials and real estate leading the declines. , fallingave small caps more than 12 . U. S. Futures at the moment, a little upside. Up 6 10 of 1 . We will see how things shape up as the asia session gets underway. Amid thesia wideranging meltdown with more central bank rates, moving to boost liquidity we had on monday. The bank of korea delivering a 50 basis point cuts in emerging mee
Good morning weve got a big show this morning joining the conversation fox business megyn mcdowell and tom bevin and pollster of partners author of persuasion lee carter the great to see you. A lot of news to talk about today actually first lets talk about futures in china. Because markets are up this morning pointing higher this morning, a gain of start of trading gets because of some optimism over potential deal with china. China said it is going to raise penalties. On i. P. Theft surveillances major point of the negotiations with states and continue trade talk last week this has to be a positive. I think a lot of people are feeling this. But do we believe this . That china is, in fact, going to enforce this that ip theft is against the law . This is not even a trust that verify situation because we dont have any trust with china baked into their Business Model with i. P. And you know theyll have to prove themselves i think before anybody believes theyre going follow through on this.