A smart new home could be introduced to this month. We have world coverage on daybreak asia, we will go to beijing for the Morgan Stanley china summit. Towill speak exclusively chairman and ceo gorman. Trick does apple have up its sleeve with this new home device . We will have details. This is daybreak asia, from bloombergs asian and american headquarters. Yvonne it is just after 7 00 a. M. Here in hong kong. Cpi breaking news from on the money. 2 for the month of may. A slight take up for the month of april. Core cpi is one to watch. We have been hovering around that 2 level for much of this year. The core cpi, which excludes oil and agriculture coming in at 1. 4 . A little more tame it. You have to factor in the low base effect, low Oil Prices Last year. Prices should stay up for some time. On the domestic side, demand is subdued. Should keep the bok on course to be accommodative. We will see how korea acts in an hours time. We start a new trading month in june. In new zealand, were
,tty this is daybreak asia live from bloombergs u. S. And asia headquarters. I am betty liu, in new york. Yvonne i am yvonne man in hong kong. Breaking news out of south korea on First Quarter final gdp numbers coming in at 1. 1 . For 0. 9 s were hoping estimate. Relatively marginal beats. A year on year figures coming in at 2. 9 . Gdp setting the fastest face pace we have seen since 2013. We will see what the Market Reaction will be. Big story this morning that happened the last couple hours, the stunning announcement from president donald trump. We saw classic donald trump come out. We absolutely did. At that overshadowing any news we are getting so far. In terms of the reaction in the market, it was interesting. Been. S. Markets have getting higher. They ended at the top of the session. You can see the s p higher by 0. 8 . The dow adding on 135 points. The nasdaq composite rising 0. 8 . The doomsday scenario we saw from u. S. Ceos saying it would be bad for the economy has not playe
Nasdaq up 13. Train to european stock opening higher. Between three japanese stocks up over 1 . The south korean market closed for holidays. Dream to investor Warren Buffett cashes out to 17 million shares ge. Wally is making some pretty big changes. Fbn am starts right now. Churning 350 am in new york. Tuesday, august 15th. Thanks for joining us. Lauren simonetti. Cheryl i am cheryl casone. Where the president is in town. Lauren gridlock alert last night. Trying to dont attempt fifth avenue if youre in the new york city area. Breaking news this morning on the president. President trump condemning White Supremacist Group two days after the deadly violence in charlottesville, virginia. Lauren of like permanent details from the white house. Reporter delivering a statement at charlottesville. The president is drawing complaints not specifically named in the hate groups intertwined with the protest, instead condemning first the egregious display featured cover bigotry and violence on many
Almost one point. Cheryl japan just a little bit lower. North korea and the United States. Lauren right here at how would you pay 10 a month for unlimited movie tickets . One of the nations biggest Movie Theater chains has absolutely not. Fbn am says right now. Train 25 01 a. M. In new york in wednesday, august 16th. A lot of things to discuss this morning. Im cheryl casone. Lauren good morning. I am lauren simonetti. We want to dive right in. Train to its incredible whats happened in the last 12 hours. Lauren breaking news the day after donald trump condemned white supremacist by name and is now back to blaming both sides for the deadly violence over the weekend. Listen to what the president said late yesterday at trump tower. The driver of the car is a disgrace to himself, his family and this country. You can call it terrorism. You can call it murder. You can call it whatever you want. I would just call it the fastest one to come up with a good verdict. Thats what i call it. What abo
Good evening, and its great to have you with us here on a wednesday night, and we begin tonight with the backlash against President Trump. Several of the nations top ceos from companies you will know, Campbell Soup, pepsi, walmart, bailing on the president s business councils. It comes amid the president s response to charlottesville and his newest comment saying both sides should share the blame. That there were very fine people on both sides. And tonight, many studying the president s chief of staff, general john kellys face, appearing to wince as President Trump delivered those words. Was the white house blindsided on this . Abcs mary bruce leading us off. Reporter he sold himself as the businessman president , able to harness the power of corporate america, but tonight, some of the nations top executives are turning their backs on President Trump. The tipping point, his comments suggesting the White Supremacists in charlottesville should share the blame with the protesters opposing