Or rather, which is worse than expected. We had expectations of 0. 1 . Rishaad exactly and thats currently where we have industrial production. Coming inese are pretty much bang in line with what we were expecting. The retail sales and only showing this contraction for july. Lets get over to bank of chief chinarities economist. Headlines pretty much what we were expecting, but tell me, what sort of picture is it painting for you . That atlly, i would say first glance, this set of numbers does not look extremely encouraging. For several, industrial output ip we would have thought it would be somewhere around this in belowt still coming 5 implies that the momentum of continued industrial recovery seems to be moderating. I think that is number one that i got out of the data. Number two, if you think at investment, thats roughly in line, but we need to look at the breakdown for example properties versus infrastructure to know what is going on. More importantly, retail sales i think to a la
Timeline for a meeting. Hasident trump warning he he is looking other Companies Including alibaba. Proving theto be adage, first in, first out. It could be the only major nation to grow this year. New zealand reports more infections, weakening its reputation as a covid19 beater. The Prime Minister is preparing to speak. She may delay the election. Shery lets get a quick check of markets. U. S. Futures rising at the open. We are seeing futures up to tencent 1 . This after u. S. Stocks ended the session mixed. Fluctuating throughout the session for much of the day. Just to fall slightly negative territory with utilities and health care. Recover any the u. S. Has slowed. We also have stimulus talks remaining at a stalemate. The nasdaq fell to 10 sub 1 while the dow was fell 2 10 of 1 . Signs of been some Energy Demand recovery in the u. S. That is gaining tracking gaining traction. Crude gaining a quarter of half a half of 1 . Same for brent crude, which is nearing 45 a barrel. We had ame
We are looking ahead to the fed minutes out on wednesday. Lets change the board and look at the currencies and we will check in on some of the commodities. The u. S. Dollar index currently flat. You have the euro gaining just four basis points. A stronger euro over eight straight weeks. That is beneficial for emergingmarket currencies. The yen, 76. Rsus some gains for the aussie versus the safe haven yen. Gold had its first weekly drop since early june. Gold firmly in focus. Down 3 10 of 1 . 42 for wti. Over in the u. S. , 17 basis points on the 10 year. Lets get to the first word news. Good morning south korea is warning of a new mass Coronavirus Infection after reporting its highest number of cases since early march. The latest infections are being linked to a church in seoul. Tokyo confirmed new cases. Young adults in their 20s the largest group, almost 18,000 people are infected in the capital. New data show the japanese economy continuing to stumble amid falling Global Demand and
Becomes a cash flow power house in your words. We think were seeing the part of the possible and the buzz kill of the probable coming together the worlds alarmer tam. The worlds most energetic, enigmatic, courageous ceo. A phenomenal human being in many regards, and then against that, and also frankly the product has a huge lead on anything else in the market on the other side of that to extrapolate that out, 10 or 20 years, investors are making a number of bets theyre betting on the legacy guys failing even if they spend half a trillion trying to succeed. And i think the big bet is against amazon, apple, and google nose are the things that concern us right now when you see the case there at 70, is there a symmetry on how good and bad it could get. If you lock most people in a room for a week or a month and say you need a 5,000 or 10,000 share price for tesla, they can dream the dream, right and you would have to have a path to get there. That may not be provable, right . What we are t
Maxwell a close friend of the late accused sex trafficker Geoffrey Epstein is arrested in the United States also. A rival palestinian groups come together to voice opposition against israels annexation. And. All the. French open organizes that fans will be allowed to attend this is still a tournament. Now the u. S. Senate has passed a bill targeting china over its new security law and home called the bill aims to penalize banks doing business with chinese officials who have implemented the new law it will be sent to the President Donald Trump for approval it comes a day after house of representatives passed it without opposition. It is nothing short of an all out effort to negate the rights of the people of hong kong in violation of the agreements made under the one country 2 systems we were concerned of what it might be and it exceeds even those harz the law is a brutal sweeping crackdown against the people of hong kong intended to destroy the freedoms they were promised thanks to you