A 5 billionwith fine off it scandal. Shery lets get you started with a quick check of how the markets closed in the u. S. To recordor indices saw a highs with the s p 500 topping 3000 for the first time. The dow gained. 9 . Tech in industrials leading the gains. The Energy Sector saw some gains as we had crude rallying on the potential impact of Tropical Storm bailey very. Barry. \ we had Producer Price inflation looking affecting the outlook of the Federal Reserve. Witht seeing record games the s p 500 gaining for a second consecutive week. Lets see how the markets are setting up as japan is away on holiday. Sophie investors wanted to contend with a stronger yen, which is below 1. 08 against the greenback. Eased theirhave earlier advance. Marginally higher. Could be set for another day of gains. Could see another day of close record closes. Tested as the be japan and korea spat wears on. We were expecting a cautious a data dump await from china, economists predicting the slowest annua
Haidi no doubt the highlight of the week hello from sydney. This is daybreak australia, two hours away from the open of asias first major market. P. M. Int is past 6 00 new york. All eyes are down south and in hasi where Hurricane Irma reached land. These are live pictures of the miami shoreline, palm trees being knocked around by the wind of 135 miles per hour, category three storm when it hit land. 200 billion is the assessment right now of the damage in the u. S. , but that could go higher as we see the storm track interestingly enough west, and area people did not think the storm would hit. Haidi always unpredictable. You cannot track the path of the storm. You can track it using the hurricane go function. Lets see this. You talk about the cost, 2 trillion of property being threatened. You want to look at the cost of natural disasters in terms of widespread economic look, we , consumerl sales prices, all of that data coming through. We will be getting a better idea of the idea of H
Revealing more about the 10th anniversary iphone, apples most important new product in years. Welcome to daybreak asia. You, thewere showing devastation by Hurricane Irma as it made landfall today in florida. Bring up those pictures again of what it looked like an ft. Myers. Certainly very scary as the storm moves westward. We are tracking the path on our bloomberg here. Hurr , irma taking a different direction, more westward. The severity of the storm is continuing to decline. By monday at 2 00 a. M. , a category one storm. That may be why we have seen various estimates, including one reducing estimates of damages from 200 billion to 48 billions 48 billion. It is a movable feast, isnt it, as we assess that different kinds of damage to property. There are households without power and some may go without power for weeks to come. Some of this infrastructure damage will need to be built from the ground up. We will be talking to a Real Estate Developer with property in miami and get his ta
To global reflation. Equally important, the data out of china. Have a look at this bloomberg chart. Uptick were expecting an , but not this, 6. 3 , now back above 6 . Here is your base effect, steadying, and pick up right there. Bloomberg intelligence is telling us in a note is that it might the sentiment driven. Is it supply side . Partly. This could turn, but that the in said, if you did have to choose which industries are benefiting, look up stream, steel. Downstream, not quite. Upstream, steel and rebar prices, closely coal related. You can see where that one goes. Very interesting. We will be flushing out that story and a few moments in Market Reaction when markets open in hong kong and china in 30 minutes. In the meantime, singapore, taiwan, malaysia coming online. Sophie, currencies, but the equity markets so far. Sophie these are equity markets. Higher byeing led tokyo and seoul, korea. Some marginal losses for stocks in kuala lumpur. While stocks are higher, bonds falling, the
Calling the president a Big Personality with a big job. It is a 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Shery i am shery ahn in hong kong. It has just gone midday. Markets gaining ground, south korea leading the pack, take a function. R gmm japans nikkei up. 7 because of this slide in the yen, down. 5 , also the boj buying etfs and the past three sessions. Surging 3. 5 , rising three consecutive sessions, the highest level since may 2014. It is all to do with what investors are thinking of right the and it seems to be political environment europe a key focus here. Yousef it is definitely a key focus and point of our discussions. We look for the latest development in terms of the french president ial election, greece. This is the chart you should pull up, the latest recommendation coming from one of the biggest banks in terms of how you can hedge against the political risks out of france. Follow it up on your bloomberg. T