Company ipo in a year, if approved by President Trump. Is this ride hailer. Eeking to shore up cash haidi lets look at how we are setting up for the final trading session of the week in asia. After a pretty lackluster session, we had u. S. Stocks passing some of those parsing some of those losses, still dropping for a second day but finding support after bouncing off the 50 Day Moving Average on the s p. S p futures seeing a little positivity on the u. S. Fridays session, about 0. 2 higher. Tax leading the client is apple, facebook and peppe microsoft are weighing on declines. We saw a Little Movement in treasuries as well. In asia, the nikkei 225 is seeing an upside, 0. 1 when it comes to futures trading in chicago at the moment. Dollar weakness yen strength will be an issue, the. We have the yen appreciated to the strongest level in six months across broad dollar weakness. The u. S. Dollar index falling for a fifth straight session. We are also keeping watch on the dollar and how it
Lifeline. We will hear from the Morgan Stanley ceo on the big 13 billion acquisition of e trade. Paul. Paul thanks, emily. Lets check on how futures are looking in asia. Looking like a much quieter day than yesterday. Sydney futures looking fairly flat right now. U. K. Futures looking weaker by 0. 4 . A bit of a move down in costly futures. We saw u. S. Markets ending modestly low. Concerns about earnings downgrade. More on that later. New zealand also trading right now. Currently flat. Emily thanks. Lets get a check of where the u. S. Markets closed today. Taylor riggs is in the newsroom. What were the highlights . Taylor sort of a risk off day. Really 500 Big Companies leading the losses. Bonds rallying five basis points after the crucial 1. 51, and the yield curve is inverted by the most since october, six basis points. Take a look at the chart in my terminal that put the selloff into perspective. The chip performance relative to s p 500 performance is still near an 18 year high. On
Nasdaq above 9000 for the first time. Ry lets get used to lets get you started with a quick check of how markets closed. It was a holiday shortened week, but we saw some markets adding to those gains, those record highs, so the s p 500 was led higher by consumer companies. Nordstrom, macys, jcpenney all advancing. Not to mention u. S. Jobless claims fell to a threeweek low. Today the biggest gainer after saying this Holiday Season was recordbreaking. That surpassed and closed above 9000 for the first time, but usp stocks under u. S. Stocks under a little pressure at the moment. Lets turn to sophie for what to watch. Sophie that post christmas lull. Low japanese futures nudging higher. Some green chips could top this, which snapped an eightday drop. In tokyo, we watch for reaction to a report that the president of three Japan Companies will step down following scandals in the insurance unit. We are also keeping an eye on retailers across the region after amazon reported a recordbreaking
Charles schwab takes advantage firm and israge said to be moving on rival Td Ameritrade. Apple overhaul Software Testing after finding glitches in its software. This is our second day at the new Economy Forum in beijing and we have plenty of great interviews ahead on our programs including mastercards device. Hairman also eurasia groups president as well. Competition was really focused on trade tensions, the risks for the global economy, the u. S. And china dynamic. We will see more conversations about today as well, but also more focus on technology, ai, 4g, and transitioning into 5g. Much it was very optimistic or hopeful is maybe a better word, hoping to come to some sort of heavy copper mines, but there was the idea that some of these issues are just going to remain issues forever, like Henry Kissinger saying the issue remain kong will problematic and other people saying the issue of sovereignty will be sensitive and will come up during trade negotiations. All of that has affected
Intentional. Sending a message, xi jinping strengthens ties with north korea. Kathleen u. S. Stock market. Lets take a look exactly at what happened. Setting us up for the asian open. A rally. You can see the Dow Jones Industrial the s p 500, the nasdaq, across the board, up almost one full point. The s p did have a closing high. A record. Sincecond alltime record that last happened in april. That is all good. You can see the futures are pointing a bit lower. It is not a big decline, but after such a run, a small rally yesterday, after the Federal Reserve announced its policy decision not to change rates but to open the door to lower rates, the rally and this seems now it really like maybe people are just going to sit back and pods. Same thing in the bottom market and pause. Same thing in the on the market. It was bond market. It was dipping low. It is still very low. You can see that just a few days ago, we were up over 2. 04 . This has been a mighty rally. Central banks are getting r