Haidi a very good morning and welcome to daybreak australia. I am haidi stroudwatts in sydney. We are counting down to asias major market opens. Vonnie good evening from bloombergs World Headquarters in new york, i am vonnie quinn. The top stories haidi thishour period President Biden says chinas economic downturn may reduce the risk of ai one as indias g20 submits its status as a rising power that can blunt beijings influence. Vonnie plus, alibabas former chief leaving the company just months after taking charge of its cloud division. Haidi we do have breaking news when it comes to this highly anticipated arm initial Public Offering, arm reportedly pricing its ipo width and a tradition of the top or above of the 150 dollars a share range, according to reuters. There are also discussing raising the initial Public Offering range. This is the chip designer owned by softbank group. It is closer to securing enough investor support to attain the valuation of 54 point 5 billion that it was s
Haidi a very good morning and welcome to daybreak australia. I am haidi stroudwatts in sydney. We are counting down to asias major market opens. Vonnie good evening from bloombergs World Headquarters in new york, i am vonnie quinn. The top stories haidi thishour period President Biden says chinas economic downturn may reduce the risk of ai one as indias g20 submits its status as a rising power that can blunt beijings influence. Vonnie plus, alibabas former chief leaving the company just months after taking charge of its cloud division. Haidi we do have breaking news when it comes to this highly anticipated arm initial Public Offering, arm reportedly pricing its ipo width and a tradition of the top or above of the 150 dollars a share range, according to reuters. There are also discussing raising the initial Public Offering range. This is the chip designer owned by softbank group. It is closer to securing enough investor support to attain the valuation of 54 point 5 billion that it was s
Consumers and businesses cut spending and asked its fell. That is a set of that is a setback for shinzo abe. Germanys chancellor Angela Merkel is saying she is willing to consider debt relief degrees. She made her first Public Comments since area finance ministers endorsed bailout for greece. She is confident the imf will join bailout. There may be some leeway on the Interest Rates the greeks are paying on their debt. Searchers in indonesia have found the wreckage of a commercial prop just that appeared to have crashed prop jet that appeared to have crashed into a mountain. There were 54 people on board. And lost contact with the air Traffic Control while flying in cloudy weather. He is elected president , donald trump says he would deport all undocumented immigrants from the u. S. The republican president ial candidate laid out his position on immigration in a fourpage document yesterday. He appeared on meet the press. Donald trump we have to a whole new set of standards. When people
World Wide Exchange on cnbc. Im sara eisen. Stop snapping. Im not snapping. Im getting out twitter question. It is throw back thursday. Were throwing it back with olympic spirit, go team usa it says. I agree with that. I also say go team gb. I think theyre still falling behind. Lets check on the markets this morning. Again, just continuing this pattern of smaller moves, tighter ranges, dow futures are up 36 points. S p are up 3. 2. Nasdaq futures are up nine. Beneath sort of the headline flatness were seeing in the industry, there are some movers. Yesterday the market was dragged down by energy. Worst performer and financials and the financial story, loork at the 10year treasury note yield. Had an auction yesterday. There was a lot of demand, foreign demand for u. S. Treasures. That pushed yielding down. Were hovering over 150 this point. Exxon was the worst performer yesterday. Better than expectations. Were going to talk about the bond story in a bit. Lets have a look at european uni
A new holiday began in 2014. Part of the move to force people to take vacation days. They dont like to do it over there so they keep making more and more national holidays. This is about encouraging people toll of appreciate japan hes mountains. Shanghai was down half a percentage point. In europe and some of the early trading there, youll see most of the markets are in the green. The dax is up half a percentage point. The cac in france is up. 70 . The ftse down just. 30 . Crude oil prices as scott mentioned, look, its a pretty big deal. Iea warning its going to take a while to work it off. Wall street journal says saudi arabia hit output. Wti down this morning. Scott. On the agenda today. Kohls and macys reporting before the opening bell. Join in the 8 00 hour. Then after the bell, nordstroms releasing results on the data front. Weekly jobless claims are out. 8 30 eastern time. And export prices for the month of july. Among the stocks were watching today. U. S. Prosecutors have opened