With the critical model three delays, proving hotter than expected. A. M. , thisst past 9 is daybreak astray which is an hour away. In newust after 6 p. M. York. Im betty liu and we will be looking at the action on wall street and how that will play into the asiapacific trading. Heidi, no doubt we are following these headlines coming across about jay powell being named the next fed chairman. These are all according to reports of the wall street journal coming out first with these reports. Haidi, given the speculation over the last several days . Haidi absolutely. As you mentioned, the muted response from u. S. Markets. It just surging a little bit higher. Powell essene is the next best thing to continuity other than janet yellen staying at her job. Betty it is safe to say some economists coming out that it is yellen 2. 0. Maybe there will be not a lot of change. Why the markets didnt react too much. Equity markets and the training trading session. Mostly shrugging off this news that te
Slumping is the critical modern cashry critical modern critical model three is delayed. Betty we knew this would be a is he newsweek and it certainly is. With the latest reports of Bloomberg News reporting that Jerome Powell will be the next fed chairman. It will be announced by the trump white house. We saw all that speculation before with the reports. Not a whole lot of reaction in the markets to that. Yes. As kathleen said in a previous hour, some people are calling this janet yellen 2. 0. He is seen as the that are continuity candidate as opposed to the more hawkish paler options. With more of a change from the status of. But we also have the other fed decision. Meeting with a little bit more of the same. Cautious optimism when it comes progression for the u. S. Still optimistic we will get to 2 growth in a few days. They the consensus is for december rate hike. Marketheck out the u. S. Close today. Earnings to watch out for. Particularly facebook and tesla after the close. The s p
The demand for their most important device in years. Trade, security, and north korea, we check the president s agenda as he packed his bags for asia tomorrow. . It seems like the president got Unfinished Business done before he headed to this part of the world. Naming jay powell as the next fed chair. Not a whole lot of fanfare. There seemed to be opposition on the tax bill mounting now. Will bebsolutely, that the next big thing to watch, whether we can get this tax reform bill done by christmas, as President Trump promising promises. Likeesting, Jay Powell Janet Yellen 2. 0. Steve mnuchin, pushed President Trump over the line into nominating him as the next fed chair. Yvonne it certainly is the case, plenty of earnings to digest after the bell. Apple, alibaba, both strong. We have the jobs report, as well. Betty lets look at u. S. Markets. Pretty much taking this news in stride. The s p finishing the day up. And made at the open its way back up, the dow up 81 points. The nasdaq finis
Will for the first tax revamp in three decades. Rishaad alibaba sales rising 61 , adding 250 billion in market value this year alone. Haidi trade, security, and north korea, President Trumps agenda as he packs his bags for asia. Rishaad im sure hes packing his bags right now. Regiontries in the asian , having a look at what is going on. I want to get to the fulcrum of why he is visiting. It has always been about trade. 4775. S chart there we go. That is the problem here. Japan, south korea, taiwan, philippines amongst others and one of the concerns is the trade imbalance. The red indicates how bad the deficit is with china, growing and growing since 1997. Looking at south korea and yellow, it has not gotten that much larger. Right, thats a look at some of the challenges. He wants fair trade, that is what he is saying, for the u. S. Not to have such a huge deficit. Good trade,trade, better trade is the way it has been framed. We will be watching for that. Also a look at nonfarm payroll
Hello from sydney, were just past 9 00 a. M. This is bloomberg daybreak australia. We are an hour away from the opening of the major market. Its just after 5 00 p. M. In new york, im betty liu. Over the weekend, the incredible news out of saudi arabia, the 11 of 11 ministers princes, for ministers, dozens of current senior officials. It was prince al believe in so all and his arrest that stunned the markets and pretty much every single senior head of state. He was arrested at his desert kevin. Making seen this prince a Huge Investment all around the world, particularly here in the u. S. By investorss about what might happen when the markets open, given this breaking news over the weekend. , the 50the him richest person in the world. These are some of the companies that he owns, at least a 5 stake in. Jd. Com. Apple, list, he is worth about 19 billion, but this seems to be consolidation of power by prince mohammad bin salman as he , orntially takes the throne consolidate his power ahead