Hello, and welcome to daybreak asia. I am haidi lun in sydney. Betty i am betty lou at Global Headquarters in new york. We are talking about the aftermath of the ecb meeting. But really, we are looking ahead to this weekend. I want to bring this function. It shows you the path of Hurricane Irma, which is expected to make landfall sunday afternoon. You can see it will hit miami at 2 09 p. M. As a category four hurricane. This has been a fascinating story, six months in and making, owing to the el nino affect. After Hurricane Irma we have hurricane jose. Looks like there will be no relief for the storm. That reflected market sentiment. Lets pull up how the market closed, jitters among investors. Even see the dow off by 20 three points. The s p and nasdaq unchanged right now. When it comes to asia, a mixed picture. Were looking at positivity in early trading. New zealand, look at how we are shaping up, the nzx 50 up by 2 10 of 1 . The kiwi dollar at. 7231. It was the worst performer out o
Companies into the kingdom. Welcome to Bloomberg Markets. David china closer now. Have a look at this chart. Talk has been reflation trice reflect reflation priced in. Your candidates to bring the u. S. Yields, the top panel of the s p 500. Japan, thel is second most obvious candidate because of the implications of higher yield and dollar10. Guest dollaryen it does not necessarily benefit Global Equities equally. Yet the thing i want to point out before is that the relation has started to come down for the u. S. And japan. It is starting to come back in. Investors have been waiting for correlation to start coming down. That stick a look at what is happening in the middle east where it is two hours away from the opening of the emirates market in dubai and other debbie. Other debbie. 1. 22 . Oint sent dubai closed up, up. 58 . Led by a bunch of movers. Sent er three points 3 . The markets in the uae are a life with the sound of acquisition talk. A lot of movers off the back of that. The
Yousef we have fresh Economic Indicators out of saudi arabia. In 00 a. M. Across the emirates. In hong david ingles kong. Closing up for the run stake. Lunch break. Traders will head back to the desks and 30 minutes. Have a look at this chart. A lot of people talk about how solid the data has been for china. Look at the bond markets and what it has done in the past 10 spreads, you see the between the threeyear. We are back to the lowest levels of this time last year. When i am in doubt, i tend to look at the bond markets. One of the best quarters we have seen in years across the asiapacific. This takes me back to the story of 2016 and even 2006, where he had people buying more into Growth Stocks than value. That switched, and what we are seeing now, 2017, look at that divergence. The people are placing more best on growth companies. That speaks to what the outlook is for the economy. That is a safer bet. Yousef plenty more to get through in this part of the world we are two hours away
They will come close and then they will retreat back to the ocean. A lot of sunshine today, 58 is the day planner at 7 00 a. M. Temperature around the bay and 68 at noon and dropping down to 67 by 7 00. Inland, we are dry with no fog and 83 at noon, and 88 at 4 00, with breezy 79 at noon, and in the midtoupper fists 50s and upper 50s at 7 00. We still have a partly blocked ramp in fremont, the 4th ramp to 880 with an early overturn still waiting on an ambulance. A person is stuck under a car. Now the 280 closure, southbound between king and mariposa still closed. They are saying they should be reopened, on time, by tomorrow morning. In the meantime, you take 3rd to get on at Caesar Chavez or make your way to 80, 101 southbound to reopen on time tomorrow morning at 5 00 a. And a look outside at san rafael no, this is walnut creek and it is holiday lite with very few cars. A perfect morning to be out driving. Now is the time to do it. Amazing grace the Uc Santa Barbara Community Comes to
Bagram air force base in afghanistan, country superstar brad paisleys surprise visit to your best cookout ever to rock legends blondie as we kick off the unofficial start to summer. And we wish all of you a very good morning, america. Happy memorial day to you. As we honor our troops all morning long. Robin and george have the morning off. The rest of the team here. We want to take you to a live picture this morning. Arlington national cemetery, president obama will lay a wreath at the tomb of the unknowns. Back this morning after the surprise visit to afghanistan to visit troops. Well have more on that later. We will, indeed. R david, to new developments in the deadly rampage in Santa Barbara over the weekend. More details this morning about what happened and who the six victims were. Abcs bazi kanani is at the isla vista deli mart with the latest. What can you tell us, bazi . Reporter all six of those killed were studentsko at nearby uc Santa Barbara, a school that attracts some of t