Suggest a post virus recovery. Highest andsides smart and Mark Zuckerberg toends the response controversial president ial tweets but his unstaffed is not agree. But his own staff does not agree. To shrug offng tensions on the streets, curfews being applied in major cities. We are seeing asia heading into the wednesday session looking likely to extend the basking in the globe we saw overnight. We have nikkei futures in australia as well as in hong kong, all pointing to a positive start to trade. The dollar fell overnight, the yen also slunk leading to some positivity out of trading. The rckiwi pair trading at its highest since october, really an indication as we see these outperform, investors feeling risk on despite gdp numbers that could show the first technical recession we are headed into in about 30 years. Pretty flattrading after seven consecutive days of gains. Americans are bracing for another night of unrest. Cities have extended their curfews. Trumpile, president feeling embat
The big market mover is gold, and this is a classic flight to safety. Its getting closer to 1600 an ounce. Thats a sevenyear high. 1577, up 25 bucks as of now. Price of oil, 63 a barrel. Can you imagine where the price would be if the general had been killed a few years ago, before america became Energy Independent . Got it. Here are the late news developments. The iranians threaten retaliation. Hundreds of thousands marched through tehran for the generals funeral. The iranians say they will no longer comply with Nuclear Enrichment limits contained in the nuke deal from which mr. Trump was already withdrawn. No backing down from President Trump. Oh, no. After the iraqis demanded the withdrawal of american troops, the president threatened to send them a bill for the bases we had built for them and he threatened to respond to any iranian attack by going after cultural sites. This has been hard line trump. In washington, Speaker Pelosi will organize a vote this week to restrict the presid
Good morning and happy friday. This is bloomberg daybreak europe. Im dani burger in london. U. S. Secretary janet yellen said the economy ask behind the surge in bond yields. G. D. P. Growing at its fastest pace in nearly two years. Strong results from amazon and an upbeat forecast from intel boosts sentiment. The u. S. Wont escape unaffected if if if u. S. Hamas war spreads. What a tough week it has been. Amazon comes to save the day. The nasdaq 100 entered a correction yesterday and has fallen more than 10 from its peak but were well on our way clawing out of that correction. Nasdaq futures have picked up by. 9 . Sentiments better in asia and in the european futures section. Because big tech has really set the pace and tone for earnings. You needed a good surprise from amazon to get that shift in sentiment in order to buy the dip. This is not a big change in tech. It is just an adjustment to higher yields and poor earnings that may result as part of that. Maybe the adjustment is fini
In syria we will weigh the investor implications later in the show, Sam Bankmanfried tells his side of the story as the disgraced ftx ceo takes the stand. It is friday, october 27th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Happy friday lets kick off the hour with the check of the u. S. Stock futures. The dow would open up 100 points higher its early this comes after another rough session for stocks yesterday which saw the s p 500 close at the lowest level since may falling more than 1 for the week, every major index is down 1 or more led by the nasdaq eyeing three straight losing weeks red across the board the nasdaq is the hardest hit. S p down 3. 5 week to date a big part of this is microsoft and alphabet losing on the week and shedding combined 190 billion of combined market value since monitor the entire market cap of comcast, salesforce, mcdonalds or netflix. We are checking the bond market with a look at
Five barrier. Uk gdp revised higher for the first and Second Quarters with the countrys stats office boosting the first and Second Quarter stronger for germany and france. And the senate tries to fast track shortterm Spending Plans before the potential Government Shutdown on sunday. House speaker Kevin Mccarthy tells cnbc theres still time. The fund raising trail and lets get together and we have been able to do it before when we sat down. We can solve this problem. This is an actual opportunity to put the country on a better path. And sportswear plays get a boost as u. S. Giant nike tops First Quarter profit forecasts with higher prices offsetting cost pressures. Tgif. Lets get a check of how markets are trading. There is a lot of green behind me. Bit of a surprise given how difficult the trading conditions have been for the month of september. The stoxx 600 was down 2 for the month and today were up up. 90 . We are recovering half of the losses for september. The Investment Community