Asia. Coming to you live from new york city and hong kong. We are counting down to asias major market opens. Paul the top stories this hour, asian stocks poised for the next open with chinas july activity data ahead. Argentinian assets and in freefall with the government valuing the peso is a political outsider shakeup the election race. Chinas property crisis is rippling into the 3 trillion Wealth Management industry. Miss payments on Investment Products highlighting wide arrests. We meet the man who could be taiwans next president. He tells us exclusively how he plans to reissue voters and maintain peace. Shery look at how u. S. Traders are issuing. We are seeing outside after we saw major indices in the new york session gaining ground. Tech stocks leading the gain, seeing the best day in two weeks. It was low volumes across the board. We are talking about august as a slow month. Even small moves can make a big difference. The russell 2000, smaller stocks, falling to that onemonth lo
Citi reiterating its bullish call and aluminum getting a nice pop, at the highest level in five years. David we will be bringing you live coverage of the blue ball Bloomberg Global business form. We have a panel between Christine Lagarde, the Prime Minister of canada and the netherlands, and larry fink of black rock. That begins at 8 30 a. M. This morning right here in new york. Lets get an update on what is making news outside the Business World. Hurricane maria made landfall in puerto rico. The category four storm had top wind of 155 Miles Per Hour when it came ashore on the southeastern coast of the island. Ago, when arrigo suffered a billion dollars in damage from Hurricane Irma. Puerto rico suffered a billion dollars in damage from Hurricane Irma. Mexican Officials Say at least 270 people were 217 people were killed in an earthquake that collapsed buildings and left millions without power. Hundreds may be trapped in the rubble. Investors are waiting to see what Federal Reserve pol
And 11 30, the u. S. Treasury sent to auction bills ate before we get to them that it looks like the government will not shut down after all. We are joined by kevins rule. Kevin cirillo. You they can only get by doing these one week extensions for about two or three more weeks. Tosome point, they will have pass a longer one. This is a shortterm extension. There are many folks here in washington who believe they can get by with these one week extensions for much longer. I think he definitely proved a political calculation on friday that he would much rather get the government open. You are absolutely right. On several of these issues, he had to move to the middle. As that continues, polling suggests his base is still supportive of him. Jonathan alongside him from washington, managing director at kbw. I want to begin quickly. We had these conversations around the Government Shutdown. What does the extension tell you . Republicans have a majority. They do not have control of congress wher
We get adp, weekly initial jobless claims and trickling out all morning, may auto sales. Fracturingsn and you manufacturing results. Jonathan for the last 24 hours its been all about the financials. Declining trading revenues. 3 wall st executives in 24 hours went into inspect haitians expect expectations management road. Mode. Jpmorgans cfo at good the sentiment. Bloomberg spoke with james gorman who is knowledge to he is seeing a similar trend. I think it would be hard to be anomaly. Have similar kinds if not the same in some cases. Theres enormous uncertainty which typically would read tremendous volatility and its not. Its was very passive perspective. The Downside Risk at this point is up weighing the offside risk. Now,han joining us Charles Peabody. Lets just begin with you very quickly. Anr take on what seemed like orchestrated move by 3 wall st executives to come out and temper great expectations. I think the expectation was that we would have some sort of seasonal slowdown. Th
Goldman sachs on deck. Still up 7 10 of 1 . Front and center, will they disappoint . The banksides earnings, Mitch Mcconnell yesterday pulling the bill he had been working on to replace obamacare. Instead he says he will try to repealing the Health Care Law that keeping it in place while Congress Tries to figure out what comes next. Joining us now is Kevin Cirilli. , he develop in washington wants to repeal obamacare, will it happen . Kevin unlikely. With several sources that say that it is unlikely that despite Mitch Mcconnell and President Trumps assertion that they would like to see the senate and the house vote on the 2015 repeal bill the votes might not be there. Route, do go this starting the clock on a twoyear timetable for lawmakers to come together to try to come up with a new alternative to obamacare before it would be fully repealed in two years. That said, i spoke with a senior aide to a republican member, one of the four lawmakers who opposes this bill and i can tell you,