Woodwork, the cost of hedging the index is above the annual average. Of bearish options has jumped. Some cloudss, forming when it comes to the hang sengs performance this year. Stocks,you chinese little changed. Red,ikkei 225 in the easing some of the days losses. I want to show you some movers we are watching in hong kong. Sinopec gaining this morning, jumping the most since december 2016. Wanda Hotels Falling after firsthalf results. We may have earnings the driver when it comes to the hang seng today, on the up for a second day. Rishaad thank you. Right, lets get you up to speed when it comes to first word news headlines. Lets get things started with china. The country has called on the u. S. To with draw sanctions. And russian entities are accused of funneling money or resources to on yang. The Foreign Ministry says it and thethe measures long arm jurisdiction of the united states. Australias high court begins hearings on a constitutional crisis. Lawmakers could be declared ineligi
A miss for mcdonalds, citing exchange rates, weak consumer spending. Well break it down. Its not fun and games d. Gas price is spiking 12 cents. And steven cohen officially charged by the s. E. C. Well have the details on what it means for s. A. C. Capital. Mcdonalds earned 1. 38 a share, revenues also missed. Global comps up 1 , including gains in the u. S. , but samestore sales fell in both europe and the asia pacific, middle east, africa region. Saying the Economic Uncertainty is pressuring quiter spending. Guys, it looked like june comps slipped a bit, something that janney highlighted. That was a good call. If you go back over how some others are doing, yum believe it or not doing better than mcdonalds in the united states, overseas, chipotle, spoke with jack hartung, the cfo on friday, theyre seeing an acceleration of samestore sales. Obviously they have this move with integrity campaign, people feel good about getting away from the idea of the food chain. I expected better from
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