Controversy, but mark said we believe in Free Expression. We believe in political speech, and ads can be an important part of that. Manus the saudi Energy Manager says mohammad bin salman will determine the timing of aramcos ipo, saying it will be soon at the right time. Yousef it is 9 00 a. M. In the emirates. This is bloomberg daybreak asia least. Im yousef gamal eldin. Manus im manus cranny. The bond market, hoping there will be another rate cut in 2020. December might be a debate. Found by seven basis points yesterday, back at 7. 18 . U. S. Treasuries are a must buy. There is risk to the upside. 2 by the end of the year, it is said. Equity futures taking a little higher in the last hour or so on additional traction on the trade front but now the s p 500 is trading 20 times earnings. Some fanfare around Apple Earnings but caution this rally have beenar and they cutting back on their estimates in terms of what to expect in the coming quarters and you could be seen your end around 300
Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
Deeper back. The ford picture is weaker investors shaking that off a lot of interesting news over earnings from the fierce tie up from Fiat Chrysler speaking of autos. Right at the bottom. The auto basket of stocks, a fairly significant day right at the bottom is peugeot riv riv rival renault stepping up as well down 1. 1 . Significant heavy weight in the basket banks down a frangs. We had been talking about a couple of Bank Earnings. Retail stocks. Trying to stay positive. Industrials up a quarter of one percent. The cancel of that apec meeting in chile chemicals up a third of a percent. Utilities trading higher in the technology basket you can see them trading gains suppliers in europe will react to some of those numbers around iphone and wearable sales. Financials out based by utilities. Fairly decent gains. On the day that was meant to deliver brexit we have the uk stock market trading down a forecast 7,313. Across the rest of the markets, a pop for halloween in the french market,
Their franchise history. Worldwide exchange begins right now. Good morning, good afternoon, good evening from wherever you may be watching. A little early van halen there for you. Halloween in the states. A lot of those goblins running through the streets jacked up on sugar. The nationals beat the astros. Washington scoring all of their runs in the final three innings. They made history with something that has never happened in baseball or any other professional sport that is coming up. Lets get to your market box score. Dow futures are some what higher we are seeing dow futures up 31. If you are keeping score at home, the s p 500 hitting the 14th alltime interday high and 15th record close of the year. The dow by the way, still less than 1 away from its alltime high we are getting closer. Kind of funny how image works. As stocks have gone up, bond yields overnight in asia, after a oneday pause. Japan resumed its rise leaving policy unchanged but updating guidance that rates will remai
The astros in game seven. Were going live to houston for the world series series epic v. It is thursday, october 31st. Happy halloween, everybody. Fbn a. M. Starts right now. We are the champions, my friends. And well keep on fighting till the end. We are th the champions. Lauren they are the champions, celebrating in the Nations Capital this morning. Welcome to the show, fbn a. M. Im lauren simonetti. Cheryl what a world series. Were going to tal talk about it later on in the show. Good morning. Im cheryl casone. Lauren we might see new records, more records today, apple stock trading up 2 andahalf percent in the premarket, the dow twothirds percent from a record closing level, up 27 right now, nasdaq jumping 17. Cheryl in china factory output slowing again as theyre feeling the pressure of the u. S. China trade war dragging down. Investors reacting to the fed decision, the fed cutting Interest Rates by a quarter point. The nikkei, the hang seng and coughs bkospi are all higher ths mo