Second straight quarter. It flames Week International demand and investment in ecommerce. Shery this hour brings another snapshot of the japanese economy. Trade data may show the deficit balloon in november. First, lets get you to the market action. Australia has come online. Sophie aussie shares opening, a little change to the upside with the benchmark twopoint shot of a fresh record. The aussie dollar Holding Losses after the rba reinforced the inw for its rba rate cut february. Pricing at a 59 chance. Thailand rates decision. Expect it to stay steady as it is stabilizing. We also waiting on japans november trade data later this morning. Nikkei futures pointing lower ahead of that. Overall, looking like a soft start of the session after asian shares closed at a high, with fresh eyes across the region including india. Right. L ll lets check in with the first word news with jessica summers. Jessica sterling slumped the most since january as fx traders gave a thumbs down to Boris Johnso
Is tech in trouble, have the stocks gotten too expensive . Do we need to worry about what happens with the group if President Trump cant find Common Ground with president xi and with the market at lofty levels, the s p back slid and the nasdaq gained 2. 4 its something that Money Managers will talking about it was cleverly titled changes and the big takeaway was it was time to lighten up on my Favorite Group which is technology their thesis theyre worried about it shifting to the tech war, American Companies only buying from nonchinese suppliers and you have the strong dollar to worry about with tech rallying you have a crowd of weak headed investors who head for the hills at the first sign of trouble. We heard some discouraging things in technology look, just last week, cisco it gave a downbeat forecast for the reasons that bank of america and merrill cited. Even though it represents a good balance sheet, some okay growth, investors are soured on it especially some of the big guys bec
Stories we are following at this hour. A big bomb test coming up, treasury options up, a giant test for the market yield sink on the long end and china cracks. We are going to speak to mark bristow. Welcome to Bloomberg Markets. It is said definite risk off move and there are different factors like banks and human and commodities are getting hit. It is hard to tease out the main macro narrative. Guy we are looking forward to options. We were waiting for this week to start. Hasnt it started with a bang . There are few pieces in the puzzle and we dont know where they go. The banking story is fascinating. The banking crisis this spring was kind of a warning signal and maybe we are seeing the next round of the narrative developing. The bigger banks, that are under review, it sends a clear signal that the banking crisis is not over and it is becoming clearer, the understanding of which banks will do ok. Alix what we want banks to be . Do we want them to be a utility were you keep money here
New data and uncertainty over tomorrows opec meeting. Well be leave in vienna with the latest porsche is unveiling a new model today. Ceo will be joining us in a first on cnbc interview coming up but while the dow and s p started off the session with alltime highs yet again, the nasdaq has been falling all day and Companies Like netflix, apple, amazon, theyre seeing big declines bertha combs has the news. So are the big tech cap stocks, investors calling it the great rotation today theyre taking profits on names that have run up so fast look at autodesk thats a case in point today, trading at alltime highs yesterday, tumbling on an earnings missed also announcing a 13 work force layoff, thats sending some jitters as well in tech. The biggest source of pain though overall is the sector now the Semiconductor Index has been leading the charge to alltime highs here at the nasdaq the index closing at a record high led by micron and invidia, both doubled this year invidia today seeing a chal
Francisco. Good evening. She came from North Carolina with her daughter to spread her husbands ashes. But now she has heard the ashes are gone. Amber lee is live with the familys plea for help. Reporter the woman and daughter were here at the Fishermans Wharf. The car was burglarized and now theyre difficult stated by what happened devastated by what happened. Reporter the lure of Fishermans Wharf is irrelevant resist able to visit irresistible to visitors. She and her daughter julie wanted to take a trip down memory lane. I bought a sweatshirt, put it in the trunk, and noticed reporter the 2016 hundai was parked on the second level of the garage on beach street, when it was burglarized. Somebody stole her suitcase, wallet and her husbands remains that were in a silver cylinder in a black, velvet pouch. I feel horrible. He was such a great man. And reporter her husband died last august of a heart attack. Her trip here was in part to honor him on his 57th birthday in a city he loved. We