This time warning of a breakup. And small manufacturers are embracing i. T. And the clouds transform the way make things. Typhoon chaba has been downgraded to a severe tropical storm. Its roaring off the coast of japan after leaving five dead in south korea. Chaba is now moving east off the west coast of the country. Its packing winds of more than 100 kilometers per hour. It struck jeju wednesday morning. It moves on to busan. At least five people were killed. Local reports say one person died at a construction site while another was blown off a rooftop. Tens of thousands of homes are still without power. Officials in southern japan closed Public Schools in nagasaki prefecture on wednesday. Air and sea traffic has been disrupted with more than 140 domestic flights to and from the region canceled. Japanese weather officials are telling people to remain on the alert. Sayaka mori from our weather desk has been monitoring the storm and has this update. Yes, dangerous typhoon chaba made lan
Lets look at that stock, nosedive here. Were deep in the red. Triple digit losses as brian mentioned on the Dow Jones Industrial average, down by 165 points. The s p 500, off the session lows by four points or two, 22 points the loss. Nasdaq feeling it down, down 1. 3 . Apple, a bright spot on the nasdaq, helping that index. Biotech down big time. It is down by 3. 5 . And, again, as we mentioned, apple is holding up. We should note too that telecom in terms of s p sectors, the only one in the green. Thank you very much, melissa. Good afternoon, everyone. Welcome. Im tyler mathisen. Here is what else is happening at this hour. The Supreme Court hearing the arguments in the long running patent dispute between apple, which had won at the lower court level and sam susung. Small Business Optimism taking a dip ahead of the election. Well have more on that in the next hour. And Tropical Storm nicole expected to strengthen over the next few days, could become a hurricane by tomorrow. Meantime,
Coming up on the show, we have Dale Stafford. He will join us on all the dealmaking and unmaking going on. We will preview aprils retail sales. Jon looking forward to that conversation. S p 500 futures negative five. Switch over to the board very quickly. 1. 1345. Lar, foot. Llar is on the front yields are down by two basis points. What a week for wti. 46 thought. Flat. Lets go around the world for indepth coverage. Selena wang as the latest. We are 90 minutes away from the april retail Sales Numbers. Speaking of ecodata, guy johnson has latest on euro area growth. Julia tells us what to expect a day after Dilma Rousseffs suspension. Apple has found a way to use its enormous pile of cash and it could have an effect on the uber. Lets get the details from selena wang. Selena this is a huge deal. This is the single largest investment they have ever received. Was in talks to raise 2 billion. This is very unusual for the smartphone maker. They dont normally invest in startup funding rounds
Anna a very warm welcome to countdown. Manus where is the money flowing this morning . The pound has a bit of a reprieve. We will talk about that in the risk radar. I thought we would go for the shiny stuff, coming back from gold. And there is a real move here, of course in the headlines more funds shutter in the u. K. What you have is the assets, going into gold trading up one quarter of 1 . Etf Holdings Rise by 37 this year. The assets have jumped by 38 million tons, the most since the global crisis. We have entered a new bull run, according to ubs, we are with in a hair. Goldman is shifting the threemonth and sixmonth target. The risk momentum and the fed playing into the equation, all moving the dollar holding back. It is based on fact, not fiction. Anna very much about what the fed is going to say, manus, negative low rates good it seems. Punishing the risk radar, what else is on the move. We have a currency market dominating things this morning little bit. Quite a few in here, th
Todays yuantching facing after a report questioning its status as a safe haven currency. At todays top stories and tell me all about it. Follow me on twitter rishaadtv, and include trendingbusiness. Hong kong, shanghai opening in 30 minutes. Others coming online. Starting things off with a record highs. Lets go to the new zealand market, up by. 50 , a solid session last week, no holding on to alltime records. Kathmandu up by 2 . Out there. G a switch session,lia, a solid 8 10 of 1 on the asx 200 despite volatility and weakness in some of the commodity contracts. stocks leading the way, whitehaven up by 5 . A boost as iting announces its shots 500 stores. Weve had the japan trade data better than expected, the nikkei 225 by. 50 . Theyen weakening to 106 to dollar. Adding. 2 5 kospi after a lackluster session on friday. Taiwan, singapore, and malaysia joining in the buying as well. Certainly looking like the risk on rally in asia is continuing, even though analysts have been saying the r