Hello and welcome to Asia Business report. Im arunoday mukharji. Electronics giant foxconn is under investigation in china. Authorities are carrying out on Site Investigations in multiple locations the Company Operates in, according to Chinese State media. Business reporter Suranjana Tewari is here with the details. Give us a sense of what we know moment. Chinese state at the moment. Chinese state media say that foxconn is under investigation within china at some of its subsidiaries. Its some of its subsidiaries. Its not clear some of its subsidiaries. Its not clear as some of its subsidiaries. Its not clear as the some of its subsidiaries. It s not clear as the global times did not specify what it is under investigation for but it did allude to something related to taxes, to land use and the breaking of some sort of law and regulation. Foxconn is an Electronics Giant and makes apple iphones for the global market. It is a Taiwanese Company but has had good relations with the Chinese Go
Th aussie dollar bond market remain unfazed, as the rba keeps rates unchanged, but warns further tightening may be required. In asia, stocks selling off. Bonds under pressure. Cleveland fed president Loretta Mesters has one more hike maybe in the cards this year. Jamie dimon warning the u. S. 10year could go much higher than expected. Can it go to 7 . The answer is yes. Are there factors that would drive it higher than where it is today, yes. Is supply and demand kaput . Yes. Kriti bank of england takes aim at the central bank forecast, predicting permanently higher Interest Rates in the u. K. Lets get right to the data because you will see action coming across futures. The theme of the day around the world seems to be a more hawkish tone for Central Banks. Do the markets believe it is the major question. Take a look at this a lot already underway in the futures market. A lot of this will be impacted by sentiment in asia. Euro stoxx 50 futures down 0. 8 , ftse 100 futures outperforming
U. S. Futures, bond futures are lower. Youll see what is happening across the bond space. Another day of yields melting higher. We could see a 12 week in the last 14 of bond pain. Yvonne we are set for three years of losses. David the 40 bit on the 60 40. Rishaad is it 60 bonds now . David 100 loss is the joke. This is the pain point. Rishaad the 10 month highs. 91 books. It seems we have a clear path to 100. It is going to be key. The Saudi Energy Ministers talking in calgary later on to their talking about ned zero. Saudi arabia, ned zero. Net zero. Russia also involved in this. Commodities elsewhere also in the fray. We look at what is going on. Rising iron ore. Is it hope, expectation or reality . We are seeing signs of china stabilizing. Is that what is the driver . Yvonne is it going to break this disinflationary trend we are seeing across the world is one key question Central Banks are going to have to talk about. The fed, they are not going to do anything. The pause is all but
Fbi. Now, the vote has to the senate. If approved, he will replace james comey. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am Alisa Parenti. This is bloomberg. Emily imo emily chang. This is bloomberg technology. Coming up, microsoft focus on the cloud pays off as revenue soared past the highest estimates. We will break down there Fourth Quarter scorecard. Elon musk says he got the green light for his underground tunnel project. We will dig into the hyperloop that can get you from new york to d. C. In under half an hour. Hulu steps up to the plate in the streaming battle against amazon and netflix. A guest joins us on the race to rule content in the golden age of television. First to our lead. Microsoft shares are rising in extended trading, up as much as 2. 7 after reporting sales that rose. For the current service. It points to the companys turnaround plan working. Lately to reshape microsoft as a Cloud Computing powerh
Fbi. Now, the vote has to the senate. If approved, he will replace james comey. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am Alisa Parenti. This is bloomberg. Emily imo emily chang. This is bloomberg technology. Coming up, microsoft focus on the cloud pays off as revenue soared past the highest estimates. We will break down there Fourth Quarter scorecard. Elon musk says he got the green light for his underground tunnel project. We will dig into the hyperloop that can get you from new york to d. C. In under half an hour. Hulu steps up to the plate in the streaming battle against amazon and netflix. A guest joins us on the race to rule content in the golden age of television. First to our lead. Microsoft shares are rising in extended trading, up as much as 2. 7 after reporting sales that rose. For the current service. It points to the companys turnaround plan working. Lately to reshape microsoft as a Cloud Computing powerh