Us. Apple warnse, the path reopened after the super tuesday victories and what is shaping up to be a two man some iphones will be in short race for the democratic supply as Stores Slowly reopen in china. Nomination. First, the death toll from the that is up next. This is bloomberg. Coronavirus rising to 11 across the u. S. With california reporting the first death in this state. The fatality rate is 3. 4 percent, higher than the seasonal flu. Cases continued to surge in south korea, the u. K. 23 members of parliament have fallen no. U. S. Stocks rebounding, perhaps theing the rebound from surprise victory. Are expecting to see some decent trades some decent gains. We did have the new zealand Index Trading higher than more than hire more than 2 . Volatility is the name of the game. 1. 7 onhe asx slip by wednesday. It is going to recover all of that today. The nikkei also pointing higher. The nikkei broadly flat for the day. The cost fee looking higher by more than the cost be looking hi
Shares tumble as the Education Company announces the departure of the cfo and also leaving, telling cnbc, there are good reasons for the change hes at a different and earlier stage of his career. There are good and personal reasons why hes made the decision he has. British recruiter hayes citing tough Market Conditions renaults chairman says there is a strong desire to make the automakers partnership with nissan work and there is no stress to appoint a new ceo in the near term. Welcome to the show a lot to get through lets start with the Monthly Oil Report to bring you some of the headlines there. Global oil demand rose by 955,000 Barrels Per Day yearon year to 101 Million Barrels in october. Keeping Oil Demand Growth for 1. 2 Million Barrels a day on higher trade growth. No change on the oil demand front. Global oil supply fell in december due to saudi cuts and seasonal decline of biofuels some interesting commentary around the geopolitical tension, iea also saying the oil market has
Testifiesller finally but his longawaited appearance falls somewhat short of democrat hopes. Shery we have breaking south korea gdp numbers for the Second Quarter. The preliminary numbers year on year are seeing growth of 2. 1 , which is better than the expected 1. 9 growth. It is also an acceleration from 1. 7 in the First Quarter. Quarter on quarter, those numbers also avoiding a technical recession after contracting 0. 4 in the First Quarter. We are now seeing quarter on quarter growth of 1. 1 , which is better than expected. It seems that we have seen more Government Spending and south korea. The contraction that we saw in deceleration in the First Quarter came from local governments not spending as much. Now we have Government Spending kicking and again. Also consumption being relatively resilient despite the fact we have been getting contracting freddie lacks exports contracting the last seven months. This has been a difficult environment for south korea. Investments have been fa
Welcome to daybreak australia. Markets have just come online. We are counting down to asias Major Trading opens. The top stories this hour. Asia set for a weaker open after another hot u. S. Inflation report reinforces bets the fed will not be rushing to cut rates. Oil hitting a high. Energy markets kicking off a cyclical upswing. We hear exclusively from the u. S. Ambassador to china Nicholas Burns about the bill to ban tiktok and curbing beijings access to hightech chips. The Peoples Liberation army will take advantage of that technology to strengthen itself at the expense of the american military. We are not going to do that. We are not going to compromise on National Security and we are not going to negotiate. Lets get to the friday fray as markets come online. Looking like a mixed picture as we head into the final trading session of the week. A bit of weakness, quite apparent when it comes to the start of trading in sydney. The staggered start, a quarter of 1 lower in the first fe
And gilt yields higher. The soft july u. S. Inflation print sees the highest week as markets now decide the fed is all but done with hiking rates. And x corps Linda Yaccarino has full autonomy and tells cnbc in the exclusive interview that major advertisers are returning to the platform. As we go through the plan that it stuck with us and brands coming back. Are they coming back . Cocacola, visa, state farm c theyre coming back. Good morning welcome to street signs. It is friday im going to bring you breaking news that we have from the monthly report this is the oil report ill bring you the major headlines which have come through. Mainly the iea says Global Oil Demand is still set to expand by 2. 2 Million Barrels a day in 2023 that is steady from the previous forecast World Oil Demand will hit a record 103 Million Barrels per day in june and august could see another peak that is interesting. They have, however, lowered the 2024 Global Oil Demand forecast to 1 Million Barrels per day t