Annabelle we are cutting down to asia major market trading opened at the top stories this hour. The s p 500 closes in historic high as the Federal Reserve signals its on track to cut rates for the first time in two years. Haidi officials maintaining the outlook for three cuts this year suggesting that the reason of tech inflation is an uptick in inflation. Annabelle reddit is at 34 a piece, it sold more than 15,000 shares in the offering. Breaking news at the top of the hour, the hkma keeping its base rate at 5. 75 . No big surprises given the hkma is not an independent authority, it follows that that in its policy changes but certainly the organization has been under pressure given this is an environment that has been part of the bahai fed rate environment and the weakness in the chinese economy, something not easy for hong kong to be in, really. Haidi not at all, we monitor the singling out of the fat and in a lot of ways perhaps the fed meeting, the guidance, the tweaks to the dot p
Down by 10 an ounce, but above, 13 1300 an ounce. David here now is your morning brief. Sachs willgoldman lay out its plans to turn around performance in core bond trading. Apple will be launching a new iphone. Willuropean president deliver a state of the union address. We will get u. S. Economic data on retail sales and inflation. Lets get an update on headlines. We have emma chandra back. Weakenedricane irma overnight after battering south florida. The storm had been downgraded to a category 1 with top winds of 85 miles per hour. It is northeast of naples and is expected to weaken further to a Tropical Storm today. The damage is unknown. Turned into rivers in miami and almost 5 Million People without power. Severe damage in flooding in the florida keys. Research has slashed estimates of total damages from 200 billion to less than a fourth of that. The u. S. Has water down proposed sanctions on north korea. According to a european diplomat. The United Nations Security Council may vote
The after hours session near its ipo price of 17 bucks a share, 17, 18 is the last trade here, pretty much after the after hour session low, we have a lot to unpack here the Conference Calls are under way with ceo evan siegl at the helm. Luke ventures, cofounder gene munster, here on set, Julian Boorstin is out at headquarters. Lets kick it off with you. Since you spoke to a snapchat give us the details. Reporter thats right. We are looking at the snap ceo earnings calm evan siegl picked up the calm, the fact that he says they are building a Strong Foundation for snaps business, take a listen. We are pleased with the early results from his performance and quality improvement, particularly on android devices. These improvements help drive a significant investment with 3 million snaps, generating an increase in overall sessions and time spent. Reporter chief Strategy Officer con announcing per user is over 30 minutes a day saying they are making progress on the advertising goals and impr
Along. There was a reaction yesterday to the fed raising rates in what scarlet is calling a dovish height. A dovish hike. Reaction, but today we see a little bit of a downturn in major averages. Stocks back to their holding pattern. 105 sessions know without a drop of at least 1 in the s p 500. Gopro is moving sharply higher after the company unveiled another round of job cuts. Fulltime and open positions are being cut. The company says it will be cutting expenses. Analysts largely positive, but they still wonder where the growth will come from for the company. Gopro shares up 13 . They are listing fitbit, as well. We are also watching momentum stocks, including tesla. The companys elon musk says he needs to raise about 1. 50 1 million more to bring the more affordable model 3 to market he needs to raise about 1. 51 million more. You normally see a drop and chairs, but because this raise was smaller than projected, we as somees jump, even analysts say the company will still need to rai
Along. There was a reaction yesterday to the fed raising rates in what scarlet is calling a dovish height. A dovish hike. Reaction, but today we see a little bit of a downturn in major averages. Stocks back to their holding pattern. 105 sessions know without a drop of at least 1 in the s p 500. Gopro is moving sharply higher after the company unveiled another round of job cuts. Fulltime and open positions are being cut. The company says it will be cutting expenses. Analysts largely positive, but they still wonder where the growth will come from for the company. Gopro shares up 13 . They are listing fitbit, as well. We are also watching momentum stocks, including tesla. The companys elon musk says he needs to raise about 1. 50 1 million more to bring the more affordable model 3 to market he needs to raise about 1. 51 million more. You normally see a drop and chairs, but because this raise was smaller than projected, we as somees jump, even analysts say the company will still need to rai