Critics say he failed to deliver on most of his promises. One of chinas biggest conglomerate says it is optimistic despite divisions with the u. S. From the boss involved. Shery we are getting Industrial Production numbers from the month of july in south korea falling. Missing estimates it would only fall by around 2 . We also have the month on month numbers. A gain of 1. 6 . That is missing estimates it would rise more than 2 . This is also a deceleration in gains when it comes to those numbers from the previous month. We do have the outbreak in south korea worsening. Virus pandemice within south korea and overseas. The numbers are not that surprising. Improvingn numbers and the slump easing for the past three months. When it came to the numbers in august, we saw the number starting to deteriorate. We are seeing those Industrial Production numbers missing estimates. Contracting 2. 5 year on year. We do get tomorrow, south koreas Second Quarter final gdp numbers. We will be watching th
Conversations in europe to some level of success. Of course, the stimulus discussion in washington, all of this wrapped around a market that will never, ever go down. Futures up 25, dow futures up 186. We have a 23 print on the vix now. Just to go to the equity market for one second, come on, jon. 32 to 23 on the vix is really something. Jonathan it is an equity market that has got away from so many, particularly on the tech side. Amazon up 70 . Microsoft, apple up 30 . We have had monster moves. Tom your thoughts on europe, you spent eight tour of duty in you spent a tour of duty in fractured, germany in frankfurt, germany. Jonathan europe is demonstrating that they can borrow at the Commission Level and distribute to places like italy. That was unthinkable in the depths of the crisis. I dont think it is that goal bullet, the. This is part of the journey. Thats how you should view it. It will take a while for the story to build. The keyword is crisis. It took a crisis to take this ste
Down. 2 , nonfarm futures, claims better than expected. Next chart, dollar remains in story or theme around the dollar today, relative weakness against the g10 but not so much against emergingmarket currencies. That is what the dollar is doing right now. Weakness in offshore currency remains on the back of this broader news from the trump administration, down. 2 , that is your aussie dollar, risk off mood, down. 1 , and the boe is flat against the u. S. Dollar. Gold move to commodities, publicly above 2050 and out, further gains. Not as Much Movement in terms of stimulus conversations in washington. Barrel, up,42 a maybe on track for gains across the week. And that is your yield for the 1132 and 52. , tencents down on the back of this executive order. Just how much and how significant this move is by President Trump is of course the question, given wechat is largely used by the chineseamerican community. It is not clear how much revenue tencent derives from the u. S. Market, but this i
Taking new steps to address income and equality and Environmental Issues and apples tarring 2 trillion stock getting a downgrade to fight through that record valuation. This is Worldwide Exchange here on cnbc good morning, good afternoon, good evening im Brian Sullivan you are watching cnbc. Futures are flat should pick up the next couple of hours well call it flat groundhog day for stocks on wednesday. Another day, another record. Six Straight Days of gains they went above 11,000 for the first time ever. Not to be outdone, your first session in a row this could be your rbi we have 17 s p 500 stocks up 50 this year. Lots have done that. This is up 50 on the year the single best performing stock is dexcom, a wearable device to track glucose. That stock has nearly doubled year to date lets get you trade to the top stories from the show that just ended moments ago. Amazing how quickly you do the turn around. Anything to make it on to wex. Looking at sterling. Rallied to a fivemonth high v
India may miss growth targets as the virus cripples the outlook. Intel plunged after its new chip reduction process was delayed again. The company is under pressure as customers increasingly turn to rivals for chips. We are just getting pmi data out of australia crossing the bloomberg. The pmi actually rising to a record high in july. This is a preliminary number for services coming in at 58. 5. Manufacturing pmi also higher, 53. 4 from 51. 2. Composite at 57. 9. A big jump from the 52. 7 in the previous reading. That returnecting to some semblance of normality as part of australia exit the stricter lockdown. Going forward will be key given we are seeing a fresh sixweek lockdown from victoria. Lets take a look at how we are setting up this friday session. U. S. Stocks falling to the lowest in about a week after unexpectedly high jobless claims rekindling worries of the economic recovery stalling. We are seeing more recovery when it comes to trading in futures contracts come up about. 2