Leading losses. One thing not on sale this black friday is apparently health care. Boris johnson says he would walk away from a u. S. Trade deal if it included the nhs. We are 30 minutes away from the start of the european trading day. Welcome to the program. It is 7 31 here in london. This is what the futures look like at this hour. They look weaker. We are expecting the fall of the Asian Session into negative territory. It has been light in volumes. The markets were closed yesterday. Today, we see a shorter trading session as a result. Do not expect to see the volumes that are normal. U. S. Futures also pointing downward. Clutching our ongoing concerns around trade, so lets think about where we have been in the Asian Session. Lots of interesting theories as to what is going on. There is a narrative around trade. We talked about how trade tensions, and particularly President Trump signing that bill around hong kong, how that threatens to weigh on the conversation. That was an issue ye
From protesters in hong kong. The u. S. Navy can no longer visit the city. She race to roll out 5g pit the u. S. Against china. We will get telecoms views on rivalries from huawei. Shery breaking news out of south korea. We have the final Third Quarter gdp numbers. Year on year growth of 2 . That is in line with the advanced estimate. Same thing for the quarter on quarter numbers, grown 4. 4 which is the same as the advanced estimate. The year on year number is really staying steady at 2 growth for the past two quarters. We have seen a lot of negative sentiment around the korean economy. A contraction in an investment and a slight slowdown in consumption. The korea government has capex spending so Government Spending has been a kees source of support. Pmiave seen manufacturing recovery for south korea. Still in contraction, but mixed picture when it comes to those export numbers as we continued to see doubledigit declines for south korean exports. Haidi lets get a quick check of how ma
These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
A sham. All that and more on making money. Charles how many millions of americans find themselves every morning drinking in starbucks, say one of those machky machiados, posts on facebook . Maybe youre one of them. If you dont own the stocks, they can still be great invests f the answer is yes, well find out from our expert david dietze, point view Wealth Management and mitch rochelle. These companies have been around here for a long time. They use it. It is ubiquitous in our lives. Many people are not in the stocks mitch. You mentioned important word. Those are Consumer Products. Maybe starbucks is more tangible than the others. The fact of the matter they are ubiquitous. We see them and touch them every day. The future of commerce is through these type of platforms. It makes sense through the gdp print. All about the consumer. Making sense these are lining up. Charles consumer came in better than expected. Income up more than savings at 3. 8 . Not only consumer powerful, making more
It fell to a four year low and a rotation out of Growth Stocks some of those recent ipos all falling sharply today. Were down 237 points on the dow not far from the session lows. S p is down and nasdaq is down joining us for the full first hour of the show, dna nathan quick take on the market move. Its very similar to what weve seen in the last week of the first month of each radiator when weve been in earnings this hold year. We saw this in q1. We sold afterwards we saw it again in july. Other we are we made an incremental high. Thats what is consistent. One thing that took it down into enthusiasm about low expectations on earnings with some sort of negative headline about trade and i guess the question is, is this playing out the third time in a row this year Communication Services and utilities with materials, industrials, financials all down more than 1 well focus on the big stories. Bob pisani is covering todays market Kayla Tausche has the latest headlines on china mike santoli h