After eating sevenmonth lows. Theproducers can halt recent slump. The latest trade data from china. The numbers will show how deeply the trade war is biting. Lets see how things are shaping up for asian markets. The s p went after through the largest recovery since december of 2018, we are seeing some modest gains in asia. Nikkei futures down, seeing the new zealand stocks up 0. 5 this is after new zealand, india, and thailand surprised with Interest Rate cuts. We are watching for a slew of Economic Data the big one is the china trade data, expecting exports and imports to decline. We saw some week pmi data before. Also, philippines Second Quarter gdp data will be coming out, it grew faster in the Second Quarter. Expecting japan currentaccount surplus data, expected to widen. We will also watching for singapore retail sales. Paul lets check in on the first word news. War isescalating trade seen pushing the economy toward a first recession in a decade. Larry summers says the risk in the
Back over to you thats going to be a topic of more importance as we get through the back half of the year ylan, thank you. A move to crypto now, especially facebooks libra. The president took to twitter to say hes not a fan of bitcoin or other cryptocurrencies adding, quote, facebooks will have little standing or credibility. Libra a major topic on capitol hill during the fed chairs testimony. Take a listen. We agree that libra raises a lot of serious concerns. And those would include around privacy, money laundering, consumer protection, financial stability, and those are going to need to be thoroughly and publicly assessed and evaluated before this proceeds now weve got mark cuban sitting down with deirdre last night, saying that facebook is out over its skis. Im not a big fan of what theyre doing there. I think its a big mistake not so much because of what will happen here in the United States, but what will happen globally theres going to be some despot in some african country that
How facebook is fighting fake facebook, facebook on paying tribute to game of thrones as they do that. Fixates on trade tensions between china and the united states, another dispute is weighing heavily on chipmakers. Slappedk, japan restrictions on exports heading to south korea. Samsung, south koreas largest company, slid nearly 3 . Another company dropped 1. 5 . Together, the two Companies Account for 60 of the worlds memory chip capacity. Upsetting supply chain for iphones tofrom laptops. Why is this happening now . This is something that goes back over 100 years, you could argue, with japans invasion and colonization of korea. Korea argues, you never apologized. The japanese side says, yes we did. This appears to have bubbled up. Emily could it have anything to do with President Trump and him taking a similar tact in dealing with china . Ian that is the argument, that the japanese side, for domestic political reasons, they are saying, weve had enough of this. This is something that
We have you covered. Ed starship goes further and faster, spacex loses the vessel during reentry. An unprecedented technology breakthrough. Caroline we get to check in on the tech earnings and sit down with the ceo and push ahead to results up with the belt. Lets check in on how these markets are performing. We are flat on the nasdaq and the benchmarks more broadly. This is a day when we focus in on economic data. Keep an eye on 10year gilts come at one point pushing up 10 basis points. 4. 28 . Why are costs rising . Some of that data showed hot inflationary pressures. Also a lackluster economy more broadly looking at retail sales. All of this darling back expectations for a bit cut to becoming as soon as june or july. We keep an eye on what is happening in europe and we have dovish sentiment from members of the ecb. The u. S. Dollar is rising above all of the g10 Currency Pairs with the euro is lower because of the dovish tongue. Have a look at what is happening with bitcoin, we pair
Ferro, Lisa Abramowicz and annmarie hordern. Jonathan lisa told me off last time we did this, lets get to the weekend. I will start every hour with that. Live from new york city, good morning for audience worldwide. It is payrolls friday, equity futures on the s p 500 positive by. 1 . The most important payrolls print since the last one, until the next one. Will a double down on the booming 353,000 of last month. Lisa we are positioned for heads i win, tails i win, ultimately no one is betting on a reaccelerating inflation growth and thats what we are expecting from the payrolls report. 200 k is the estimate this morning. Weve had the adp, the services component, the employment component. None of it was this big blowout upside surprise that we all feared a few weeks ago. I was going through this and every time i kept kicking myself everything about the data has been goldilocks. Its the reason why people are pricing out the idea of reinflating the economy or true real weakness either. I