By. 7 the hang sang was up by 2. 1 the shanghai composite up by 2. 1 in europe right now where there is active trading taking place, green arrows across the board. The biggest gainer is the footsy up by. 8 . Quick check on treasury yields which was so closely watched last week when you saw the temporary inversion in the middle of the day between the 10s and the 2s this morning, 1. 618 the two year is 1. 15 so showing more room than we have seen over the last several sessions. We have a huge week ahead for wall street. Kicking off today, big tech executives testifying at ustr hearings then tomorrow, quarterry lults from home depot, kohls and t. J. Maxx wednesday, fed reports on existing home sales plus reports from lowes target and l. Brands and thursday jackson hole symposium kicks off where, of course, Steve Liesman will be. All leading up to fed chair jay powells big speech which will take place on friday but meanwhile, we want to pivot right now to an update on the big story over th
Welcome to daybreak australia. I am how he stroudwatts haidi stroudwatts. I am animal jewelers in tokyo. Annabelle droulers in tokyo. Jay powell again signaling rate cuts will happen this year. The fed chair suggesting significant changes to the capital plans fiercely opposed by wall street banks. Haidi struggling lender n. Y. C. B. Getting a vote of confidence. Annabelle chinas top economic officials defend their ambitious target and hint at a liquidity boost to help get there. Haidi lets get you straight to the markets. A pretty reasonable set up in asia and we have a bit of downside as we get into the first part of the staggered trading session here in sydney, about. 2 author straight into the middle of trade. We are expecting a rise across the region. Interest rates will likely fall this year. Theres been so much managing of excitation 10 excitations in terms of the timing and the extent of easing we can expect from the fed and we have seen some of that drastic repositioning within
Billions of dollars in overseas cash to the u. S. We have the stories. Now to our lead. Amazon has narrowed the field for hq2, its second proposed headquarters in the u. S. 20 cities made the cut. Among them, new york, boston, chicago, miami, and austin. The project is expected to cost 5 billion and create 50,000 jobs. We caught up with our reporter for amazon along with a ceo. I wouldnt read too much into the three areas around washington, d. C. , because amazon is likely targeting labor pools, and those very often cross geographic lines. Even though that could simply be amazon focusing on that general area, but it has to negotiate with different political groups because of geographic boundaries. I know your intel has been digging into the tech hubs in the country. What did you find . Did many of them line up with what amazon has released . We looked at a lot of our data, which we have on almost half a billion people in terms of their skills and capabilities. What you find is that a l
We could have a possibly sixth day in a row. Cheryl in europe take a look at this. Stocks galloping. Lauren in japan, nikkei jumping 1. 2 . Cheryl mcdonalds want to make a happy meal a happy meal. We will tell you how they plan to do that. Fbn am starts right now. Lauren tgif, 5 01 in the morning. Im lauren simonetti. Cheryl good morning, i am cheryl casone. Well, the parkland, Florida Community is in mourning. Last night they held a candle light vigil to remember those innocent lives that were lost. My friends are dead, peter, martin, they are dead. And those are my good friends. Jamie took a bullet and hes dead. I i dont know what i do next. Cheryl weve got lauren in parkland with the latest. The feeling of panic turns to grief one day after gunman opens fire killing 17 at douglas high school. Hes dad, hes mournful, remorseful, he is fully aware of what is going on and hes just a broken human being. The Parkland Community in mourning gathering thursday evening to remember the lives l
Are you terrified of public speaking . Well be talking to an app developer whos created a Virtual Reality app to solve your stage fright. And so today we want to know, whats your biggest fear . Is it work presentations . Presentations maybe it is a fear of flying or heights. Let us know, just use the hashtag, bbcbizlive. Hello and welcome to business live. I have shared my worst fear on twitter with a video. Take a look, hashtag bbc business live. This year is the tenth anniversary of the iphone and the latest version has a new screen, new camera, no home button, and a big price tag of 1,000. The iphone 10 uses a facial recognition system to recognise its owner rather than a fingerprint based one. But will all this be enough to drive growth at the worlds Biggest Tech Company . The firms share price has soared over the past few months. Since december last year, it has climbed more than 50 and is now just over 160 a share. But not everything is well at the tech giant. Its been struggling