But short on spending. And we have the world covered on daybreak asia and we will go to solvi seoul. It is budget day in australia, just hours away from the revelation of details. We are going to head to sydney for the latest. This is bloomberg daybreak asia, coming to you. Im betty liu in new york, where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems like politics are going to be dominating the market. Not the typical d. C. News flow to get out of the Trump Administration, but south korea voters, 52 million of them heading to the polls today, and budget day down under. Betty as we have noted, it looks like korean stocks seem to have priced in the volatility in those elections. They are just going higher. Markets are actually quite attractive in south korea. Topics is going to be the aaa rating, and what the budget details on whether that rating is in fact going to be jeopardized, or is all that talk just much ado about nothing . Meanwhile, stocks in t
Im sara eisen im wilfred frost, very good morning to you from me as well good to be back. Good to have you back after a crazy week in the uk and we thought the comey testimony would take the week theresa may managed to shoot herself in the foot and the uk delivered another surprise june vote looks like she will forge ahead. Just about. She will be able to continue for now. The question is for how long well discuss that later lets check in on the markets. After another big tech selloff dominated the trading day yesterday on wall street futures pointing to a bit of a rebound this morning dow futures up 45. S p 500 up 6 nasdaq futures are up 21 so maybe a reprieve from the tech selling check out the nasdaq twoday chart. Were talking friday and monday. Brutal day for tech. Monday not as bad as friday. The nasdaq 100, which tracks these big cap tech stocks having the worst twoday session since back in september. Names like facebook, amazon, apple, netflix and google, the big winners and sti
Will the sector drive the Global Equity rally through the european open . Plus, 1 billion in cost cuts. Rbs said to be eliminating jobs and close branches. Will it be enough to push it to profitability . Matt we are less than a halfhour away from the european open. Take a look at european futures. After the u. S. S p rose to an alltime high once again and asian stocks were up overnight, we see european futures pointing to a higher open. I should point out that none of the major indexes in europe is out on alltime high. The ftse hit its alltime high in the beginning of january. A lot of the other indexes are waiting until are a year away from their alltime highs. They were in 2015. Take a look at bunds. I have the open. This is a tj twoday chart of bunds. This is the friday trade. Opening with yields coming down somewhat, 0. 328 . I should point out that we are still at very low levels, if you look historically, and takeaway inflation. I have got a chart that shows andspread between the
Process up. Theyve been trying to get this turned around over a year now. Ever since the first outbreak in july and all of a sudden last october got a little worse. Spread around, and theyve had a difficult time collecting back those samestore Sales Numbers theyd had. Arent getting that now and trying to figure out the best ways they can. Trying every promotion to get back those valued customers. Thats the problem. Are they doing it at the kind of speed that wall street wants . Obviously not. Bill ackman is the kind of guy to change that, but i dont think it happens immediately either. I think it still takes time and bills a little early. Josh, analysts today say, no quick fix. They say, ackmans eyes are bigger than ace stomach. They says, steval, we cannot fathom mathematic or or investment thesis. What are they missing . I would not go as far to say its a negative, having an activist in the stock. Persian square involved with the stock, but i dont know if its an immediate positive. O
All the viral affect that those plays have, but theres a huge inf infrastrushlgt play thats almost impossible to beat. This is the classic example that if someone gave you money, you would probably have to return it because its almost impossible to compete with them. To put it in perspective, you talk about 150 global fulfillment centers. Thats just building those. The land alone would take a competitor a decade. Its going to be difficult for traditional retailers to regear how theyve been distributing their products. Let alone, to tap into that what we believe 65 million prime users. One last thought is that theyre going to be adding on to their products. They now have 40 cities that are offering same hour and same day. That number will continue to increase, which is going to chippewa at traditional brick and mortar. Then theres aws. What role does that have in your call today . Thats less of the call today. Its an important part of the story because its a faster growing segment. Its