Good morning and welcome to daybreak australia. Im paul allen. In about im annabelle. Cutting down to asias major market opens. Shery the top stories this hour, investors way mixed corporate results. Microsoft jumping up your First Quarter Sales Top Estimates while alphabet sinks as cloud avenue paul chinese stalks, lawmakers raise the deficit ratio as xi jinping makes his first visit to the central bank. Shery china removes the defense minister ending speculation over his status after disappearing from public view. Take a look at how u. S. Futures are coming online. Downside after stocks rebounded ending the longest slide in 2023. Corporate earnings and really a little bit of a push up because of forecasts from verizon and ge in a busy week, 15 trillion dollars worth of companies reporting. Treasuries were mixed. 10 year yield edging higher following intense volatility on monday. The bloomberg dollar index rising for the first time in four sessions, u. S. Business activity picked up i
For all the stocks. Looking at where the aussie dollar is, 65. 7 two cents. when it comes to ethics. The yen holding steady. Brent crude is just shy of 84. The energy names across asia, concerns continue to weigh on the demand side for oil looking like we are setting up for the weakest week in Oil Prices Since february as u. S. Inventories way and i miss concerns about opec policy of maintaining their stance, impacting these concerns about supply and demand in the market, belle. Annabelle yes, and also we have at the start of trading for korea, as we come online this morning. Japan is shut for the public holiday. We are posting gains at the open. A bit of curry on one strand. The dollar having its weakest session overnight a bit of strength for the korean won. What is playing into the theme for korean equities and was can play into the sea is that apple numbers. Lets look at how the some of those supplier stocks are coming online this morning. We saw the jump in late trade in apples a
As consumer spending. Brace for furloughs as the Government Shutdown looms with a lastminute deal looking unlikely. Shares of carmakers gaining again and the Auto Workers Union is dialing back its push for a 40 pay rise. That report said u. S. Stocks slightly higher in the new york session, we saw stocks rebounding and we also had to contend with technicals where we were nearing that oversold territory for the s p 500. Right now, 14 to april tip strength index around the 35 level, you could see u. S. Futures extending those gains as well. We saw the treasury selloff cooling down a little bit, the 10 year yield backbone hope 4. 6 . We have data that we were trying to digest, including consumer spending, rising at the weakest pace in about a year last quarter, not to mention comments from a couple of fed officials that took it more devilishly. We have the dollar index also falling for the first time in seven sessions and oil in the Asian Session you can see the wti up. 2 . That massive r
We will discuss. Katie welcome to bloomberg markets. Markets there is some green on the screen behind it. The s p 500 up to the tune of about 3 10 of 1 if that holds that will snap a threeday losing streak so do not hold your breath. Its the same thing if you look at the nasdaq 100. A little bit more tenuous their prating we are just about unchanged when comes to the nasdaq 100. Big tech under a little bit of pressure. Breathing a sigh of relief in the bond market you can see yields are falling right now currently the 10 year yield lower by three basis points compared to recent history that is quite a highyield yield we are looking at. Lets turn and talk about boeing. Their Safety Record under the microsoft dust microscope today. Two congressional hearings with lawmakers set to question Safety Experts and a whistleblower. The global head of aviation joins us now. Set the scene for us. How we got here and what we are expected to hear from lawmakers . A very busy afternoon this day for u
This discussion was held during the National Community and Reinvestment Coalition conference. First up is martin the chairman of the federal deposit insurance corporation. We know it as fdic. The fdic is vital to making the whole American Economy run. This is the agency tasked with maintaining stability and confidence in our countrys Financial System by ensuring our deposits and by examining and supervising the Financial Institutions for safety and soundness and consumer protection. And for us in this room that means chairman gruenberg is vital to making sure the American Economy runs while for everybody. [applause] we are talking about the havenots as well as the haves. So im excited to hear what he has to tell us. Please join me in welcoming to the stage the fdic chairman martin. Good morning, everybody. And thank you, bethany, for that kind introduction. Thank you for getting up early to participate in the session and let me begin by thanking the National Community Reinvestment Coal