Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
Small businesses. The airlines in dire situation. United and american saying they have to cut jobs, tens of thousands of them, as borders remain pretty much locked down. Yvonne you are seeing the president trying to do at least some damage control after he talked to negotiators to pull out of talks for a stimulus. Perhaps we are seeing some targeted measures. You have seen the market impact. The nasdaq and futures reversing the losses we were gaining. U. S. Futures are up. We will see if this bodes well for the rest of asia. If you look at the rest of the asia region, it looks like risk assets are looking less entire than the wall street session. We are seeing a bid for aussie against the japanese currency. When it comes to u. S. 10 year yield, we are holding steady, but the move up in yields on the announcement from trump. Stocks have been lower. Jakarta life coming back online. We are heading lower in jakarta. Hangseng up about 163 points. A touch higher for some markets. The rbi is
Colleges are told to offload holdings of mainland companies. Australia signs a deal to make any covid19 vaccine for all. The government will distribute should it prove successful. More vaccine optimism playing out in australia. Lets look at how we are shaping up in terms of the u. S. Future session. Another renewed push of momentum in u. S. Markets overnight, hitting the record, propelled again by the same names. Also betterthanexpected u. S. Housing data. 2016 helping out sentiment, as well. We have positivity when it comes to the active futures trading at the moment. The nikkei 225 trading in chicago, looking flat at the moment ahead of a trade balance numbers, as well as machinery orders. We do have the topix, best performer in terms of Global Markets so far in this month of august. We are looking at broad weakness when it comes to the u. S. Dollar. The dollar sinking to his lowest levels since may of 2018. Im worried about the u. S. Economy with yet no relief package, stimulus pack
Now. Broader markets also higher. Take a look at futures, dow futures currently up 250 points, thats about 1 , nasdaq futures up 92 and s p futures up 25. Stimulus standoff leading to the nasdaq lower by 185. Gold losing some of its shine. Tumbling 4 and a half percent yesterday. More tiktok security concerns this morning. The popular chinese app reportedly tracking user data for millions of people in violation of google policies. Plus College Football taking time out, the big ten and pack 12 postponing the fall season due to coronavirus. Mornings with maria is live right now. Maria and global marks this morning are mixed. Ftse 100 in london is up 48 points and uk economy falling into a recession after shrinking more than 20 in the Second Quarter, largest contraction reported by any major economy so far. The cac quarante in paris up 12 and dax index in germany lower by 18 points this morning. Check asian markets mostly higher on the session. Kospi index was higher as well as hang seng,
They hit the take and have full analyst with panel. We have the latest on the deadlock coming up. Turning to markets this morning, futures under pressure ahead of july jobs report. Take a look. We are expecting a decline right out of the gate on dow industrials, nasdaq down 55, s p down 17 after markets ended yesterday near session highs, in fact, nasdaq scoring a fourth record close in a row. Dow industrials up 185 points yesterday and nasdaq 110 and s p up 21 at 4 00 oclock on wall street. Unrest in america, portland plagued by violence and fires overnight. Federal agents headed to two more cities as part of operation legend. Mornings with maria is live right now. Global markets this morning under selling pressure. Take a look at up european indices, dax index in germany lower by 28. Germany showing some signs of recovery, 8. 9 in the month of june. In asia overnight markets were mostly lower following President Trumps executive orders. Shanghai composite down 1 , hang seng and hong