Ed you are watching daybreak asia live from new york sydney and hong kong. Haidi counting down to asias major market opens. Paul u. S. Inflation signals complicate the fed outlook. Penciling in a first rate cut by mid 2024. Sx traders are back on the yen intervention watch. Country garden to suspend trading for monday in almost a dozen onshore bonds. Softbank reportedly in talks to buy the rest of chip designer arm from its own vision fund. Shery u. S. Futures early in the Asian Session seeing upside after the s p 500 struggled for direction in the friday session. It finished at a onemonth low. Really after fluctuations between gains and losses, big tech led the declines. We had the nasdaq 100 seeing the longest losing streak on a weekly basis this year. Big tech pressured the markets, not to mention investors were really trying to digest Inflation Numbers, whether it is Consumer Inflation Expectations unexpectedly falling. Producer prices surprising to the upside pressured the treasur
2. 2 on the hang seng sessions. That should take us below the 100 day moving average. Jakarta, nothing much so far. It would take the trunk of Southeast Asian markets. We should be looking at some steep losses. Mse i china down to percent. We are watching out for that. The bonsall of taking place separately. We are softer in crude but it has not been solved for seven weeks of gains on this. Yvonne it is interesting. When you look at how the little space everyone has been pressing down the slowdown in china. Youre not seeing that and it will markets. We will demand in china is looking strong given the pent up demand in travel. Maybe that is the bright spot to the commodity space. Look at Country Garden, this is the story that keeps on giving in some ways. Your of Morgan Stanley same default risk is moving. All those gains we sell post politburo have evaporated. David s they are on the csi 300 which should be at 3800. What is the price target of Morgan Stanley . Yvonne . 75. David 75 mor
He will appear by Video Conference thursday to face parole commissioners. Global news 24 hours a day. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. I am Caroline Hyde from london in for emily chang. This is Bloomberg Technology. Recordup, netflixs secondquarter. Why content is king as tech earnings get underway. Uber fit for business . The west coast had joins us to discuss the business platform and rebuilding the Company Culture without a c. E. O. At the wheel. The highs and lows and hacks affecting cryptocurrencies. We dig into what is driving volatility and the bitcoin selloff. Netflixs secondquarter has seen the Company Shares climb 30 . The streaming service delivered adding 5. 2 million streaming subscribers with a big portion of that coming from outside the u. S. Shares are rallying in afterhours trading, up 10 . Cory johnson joins us from San Francisco. Completely smashing it on the subscriber side. Now it seems they have 50 50 when it comes to internatio
The president s, and maybe the geopolitical tensions and more sanctions against russia. Whatever, the day sure felt ominous. The s p giving up. 48 and the nasdaq dropping half a percent. Giving that the marks have turned treacherous here, whats the game plan . I think we have to raise a little cash to handle this newly punishingen viern am. You know ive been saying dont put new money in. Im tepid here. Many companies are reporting pretty decent numbers and not being rewarded for their efforts like starbucks today. I have to tell you that makes me uncomfortable. For example, next week we hear from cummins, cmi. Its one of americas greatest industrial manufacturers, columbus, indiana. Fantastic. My Charitable Trust which you can follow on Charitable Trust opinion com, but you know what . We took profits this week after caterpillar which has a similar profile got hit when it reported a decent number. I like cummins much more than cap, but i dont like the action that buyers have begun to r
Isnt it beautiful . barking shrieking last time i was here, they were puppies. Now, which one of you is scamp . That hair dryer, mine. Copy of Leisure Properties monthly mine. Looky here, they got the water that dont give you the hot poops. Swanky. Look, i admit, its a great room, but i saw an ad that anyone can rent the same okelly suite for 35 a night. Youre paying three times that. Come here, hank. Do you know whats out there . Okellys private yacht, manned 24 hours a day by the creme de la creme of the mexican navy. Got a private chef used to work for cantinflas. Hank i dont see anything. Thats cause youre looking with renters eyes. I think i see it. You get in good with okelly, you get on that yacht. Thats the kind of lifestyle you buy into here at el grande vista. But youre not really buying. It says in their own brochure americans can not own land in mexico. If i dont own anything, why am i paying all these maintenance fees and property taxes . Good point. Youve still got ten ho