Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 billion deal, the biggest chip deal to date. The transaction value is up to 40 billion. Nvidia could be paying more than 21 billion in stock and 12 billion in cash. This would be a 2 billion payment as signing. This coming at a time as we continue to see softbank divest its assets. Softbank could be receiving an additional 5 billion of cache if the performance meets certain targets. This also depends on what regulatory scrutiny they go through. This could be the largest ever in the semiconductor
110 per share the last time i looked. For green on the screen mainland equities. They continue to climb higher. The futures in the u. S. Are flat. We can move it on now. In terms of the dollar, there is some weakness. Trade data out earlier. A bit of a squeeze on the aussie. Concerns about the virus as well in victoria. In terms of the euro, that has been on the tail end. We can move it onto some of the commodities were looking at. This thing in terms of inventories. They have been declining but still concerns about the virus and demands there. Gold is currently at 17. 68. There is the spread that we see. Were are looking at really back termsupport, on pause in of additional stimulus to the economy. Yvonne i was hoping for some type of liquidity or something to reverse that trade. Look at what we are seeing here. The Prime Minister of australia has considered this worse. This is falling in line with what we have seen from other Global Leaders like Boris Johnson who now says nearly 3 mi
The u. S. Wrapping up pressure on beijing and it will be interesting what happens tomorrow, when the pboc reopens trade markets reopen trade and that pbo css the daily effects. Take a look at currency. It has been a mixed bag and we are watching the aussie dollar with the bank meeting today. Bank negara could be interesting expecting a 50 basis point cut later today. Are watching dollaryen summit strength low 107 now. Take a look at your commodities markets, brent crude and wti on a rebound today, gaining 6. 5 for wti. On the longest winning streak in 10 days, up for a fifth straight day and u. S. Futures also positive now. We are watching palm oil, back. We will talk about where prices go next. Lets get more analysis on these markets with our Cross Asset Team in singapore. U. S. China tensions again boiling over, keeping a lid on the markets peered what is your take on the applications . The u. S. Will often come out and say things, especially the Trump Administration, and sometimes t
Nasdaq above 9000 for the first time. Ry lets get used to lets get you started with a quick check of how markets closed. It was a holiday shortened week, but we saw some markets adding to those gains, those record highs, so the s p 500 was led higher by consumer companies. Nordstrom, macys, jcpenney all advancing. Not to mention u. S. Jobless claims fell to a threeweek low. Today the biggest gainer after saying this Holiday Season was recordbreaking. That surpassed and closed above 9000 for the first time, but usp stocks under u. S. Stocks under a little pressure at the moment. Lets turn to sophie for what to watch. Sophie that post christmas lull. Low japanese futures nudging higher. Some green chips could top this, which snapped an eightday drop. In tokyo, we watch for reaction to a report that the president of three Japan Companies will step down following scandals in the insurance unit. We are also keeping an eye on retailers across the region after amazon reported a recordbreaking
Denny, welcome good to see you. Thank you for having me appreciate it. Weve got about a hundred s p names on the tape so far for the quarter and in tech, at least, if you strip out netflix, what has there been to complain about, really . There really hasnt so far. You know, the numbers, particularly if youre focused on companies with Long Duration competitive advantage and you would highlight over the last couple of weeks, weve seen microsoft, for example, put up exceptional numbers, as the cloud transition continues and azure continues to ramp and you know, its just amazing, if we think about the numbers there of their commercial Cloud Business, which is effectively the size of Amazon Web Services. Its a different kpocomposition, mix of business. But both of those businesses are growing 40 at 40 billion annualized its pretty remarkable numbers so, you know, a great area to continue to be in. Microsoft, you know, still trades at, you know, an evaluated but reasonable valuation. Asml pu