Lets get your global exchange, where we bring you todays market moving news from all around the world. From hong kong to munich to paris washington to sarasota, florida and new york, our bloomberg voices are on the ground with todays top stories. There are questions about transparency for china. Rishaad salamat joins us from hong kong. Walk us through some of the latest. Now with63,000 cases the death toll up by 121, but the inconsistency in the numbers has led to a lot of questions. Some of them are not being answered, and that has led to people thinking that this disease is not really going away at the moment. We had some optimism a couple of days ago, but that has receded somewhat. Weve also got bickering between washington and beijing. The u. S. Saying they have been denied that. On a microeconomic level, weve got companies such as Fiat Chrysler halting production in one of its plants in serbia. They cant get enough parts out of china. If you want to buy a barbie doll in the future
Global stocks despite lingering tensions between washington and tehran. Ubs shakes things out. The swiss bank splits its Wealth Management unit into three, cutting up to 500 jobs and naming two new Division Heads. And made in china. Elon musk is in shanghai as the consumer rollout of tesla vehicles finally takes place. We are on the ground all morning. Just under one hour away from the start of cash equity trading across europe and in the u. K. Take a look at futures here. You will see that they are up across the board. We have gains in asian stocks, which are pushing up european futures, dax futures, up. 6 , as are ftsefutures as futures. U. S. Indexes rose yesterday. We are seeing green arrows again in terms of futures with about 5. 5 hours to go until the start of trading. Anna, what do you see on the gmm . Anna pulling up the gmm function on the bloomberg, and we are bouncing across these asian equity markets, getting some upside coming through on the japanese markets. We are close
It came as leaders gathered for the start of a twoday summit focused on plans to combat global warming. Ways eaders have set plans to become carbon neutral. Tuesdays shooting in jersey was provoked by antisemitism and antilawenforcement beliefs. The state attorney general said it is being investigated as an act of domestic terrorism hurried police say the two killers stormed the market and again shooting. One of the assailants who belonged to a known hate group had made a cosmetic post online. The rampage left the shooters and for victims dead. Global news 24 hours a day on air and on quick take i bloomberg powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton this is bloomberg. Im shery ahn. Im amanda lang welcome to Bloomberg Markets. Here are the top stories we are following. Jumped to a record high as donald trump stocked up to stoked optimism about a trade to with china. Decision,ls of a rate Christine Lagarde signaled cautious optimism. U. S.
Munster. Hospitality disruptor. Shortterm holds that combine elements of hotels and apartments. We will hear from the ceo. But first to our top story. Record highs on tuesday on averages, but Something Interesting happened during the day. The s p 500 tech index closed down slightly. Is this a sign of trouble to come . Joining us to talk about what this means is bloombergs abigail doolittle. I want to take a look at a chart im showing in my terminal which highlights some of the profit taking. I am wondering if that is what happened today given the overbought levels on the tech sector. Abigail i think you are dead on with that, taylor. That is exact a what that represents, you little bit of profittaking. That stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. The stocks and chip index also finishing i record high. The reason that stands out is they are leading up all year, up mo
Lunch starts right now welcome to power hundred mp. Indices hitting high caps today. Draw your attention to shares of netfl netflix. The stock jumping nearly 4 . The giant breaking out details on its International Data showing growth in markets like asia pacific, europe, middle east and africa. Thank you very much. Sharing of boeing slightly lower right now after being down 11 of the previous 13 sessions thats a streak. Impact of its shutdown of the 737 max production on the economy, not just on boeing. It will be a big deal. Tyler, it may be hard to imagine. The negative effect could be larger than last years government shutdown. The production is off as much of a half point mar began stanley looks for 0. 8 to grow. The problem is the First Quarter was looking weak now coming closer to 1 instead of the forecast 1. 6. That would make it one of the weakest growth quarters in several years. Growth expected to rebound on production but when is an open question Morgan Stanley writing in a