Stunner. A landslide electoral victory for the Pro Democracy Movement has asian markets soaring as a smashing success elon musk taking a victory lap as preorders for teslas cyber truck come rolling in. Worldwide exchange begins right now. Good morning and welcome to the show im dominic chu in for Brian Sullivan its monday, november 25th, 2019 your deal of the day lvmh buying tiffany for 135 per share in cash after weeks of speculation, much more on that deal coming up but as you can see here, both stocks reacting well stock futures incaindicating the dow will open up by 80 some points this after handing in its first worst Weekly Performance since around early october, but again the dow jones had opened up by 88 points. The s p by about 10 and the nasdaq by 32 if these gains hold into the opening bell for regular cash equities trading. With regard to the bond market, look at that as well we are seeing a bit of movement there to the upside for yields the ten year note yield 1. 75 note yi
Betty good morning, yvonne. Uber in the spotlight, that breaking news within the last hour. Lets focus on the auto market. I want to pull up a chart for our viewers, g btv 2623. The month ofr september, the best so far this year. You can see that right here. Just within the last few weeks. The yellow line represents the moment right before the hurricane that battered texas and the caribbean. Now, auto sales skyrocketing after that. I guess you could say there is a Silver Lining for investors with the hurricanes. That meant more people are going back in the market to buy cars to replace the ones they lost in the south. That could be up to 500,000 vehicles being purchased. Yvonne Hurricane Harvey really damaged more cars than any storm we have seen in history. The big question is, will this be a one off in the data when it comes to auto sales . Certainly giving fuel to japanese automakers as we look ahead to the japan open. A lot of news on uber. Reforms limits Travis Kalanicks power now
Rishaad what a day it was tuesday, especially in hong kong. Up 18 points. Key drivers include those shares, particularly the banks. Nearly 8 . Other banks rising between 5 and 6 apiece. Showing a shares and what is going on with them. What we have is this trajectory coming through from january. The only way is up. This is for 2025. Falling into place for the index to make a solid start for this quarter. China is low at that bank reserve ratio. We have that stronger pmi number as well. Generally hitting headlines. Kong may have to delillo market holidays riyadh it may look like the holidays. It looks like the bulls are firmly in position. This could be the next fed chair. Kathleen hays joins us. Kathleen, who made the list . Kathleen it is not that the names are new created it is important. Bloomberg news brexit fact breaks the fact that they are bringing out a short list. Said just yesterday come he told reporters he will make his twice in about two or three weeks. Clearly he has moved
Daimler doubles down. Find out why its smart cars are getting bigger. And it sounds like Science Fiction but jets that break apart and reassemble midflight could soon become reality. But first, russian stocks are taking a hit today. Ruble is sliding the u. S. Has imposed new sanctions on companies to punish president putin first up porting rebels in ukraine. Ryan chilcote joins us. What exactly are we seeing . Before werenctions personal, they really targeted individuals in putins inner circle, then these are much broader. They have gone corporate, going after some of russias biggest companies. Rosneft has been sanctioned. Rosneft is not just russias largest oil company, it is the Worlds Largest quickly traded oil company. Bp has got a 20 stake. Its gdrs fell by 5 novatek, russias largest independent gas producer. Shares traded here in london and fell by more than seven percent. Promm which that gaz is the Worlds Largest gas producer that provides europe was not of its gas session. Per
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