Bloomberg daybreak australia. The top stories this hour. U. S. Stocks game on bets the fed can pull up a soft landing. The euro slips amid signs that ecb may stay on hold following thursdays hike. Soren 25 on its trading debut, arm. U. S. Futures coming online in the asian session. Shery investors were really digesting strongerthanexpected numbers, strongerthanexpected retail sales, producer prices. Our consumers in the u. S. Doing betterthanexpected is the key question. S p 500 finishing above 4500 but the auto sector was under pressure today. Detroit carmakers are facing a threat of potential walkouts. Take a look at treasury yields because they were up across the board. We are watching the two year break even because investors are looking at the possibility of shorter term inflation so it expectations are growing. Above 90 per barrel in new york for the First Time Since november. It has to do with the supply picture later in the year. Arms trading debut, a jump of 25 . Closing at 63
Authorities have opened a judicial probe in a tainted baby milk scandal that caused a recall of several million products over fears of potential salmonella contamination. Health authorities have said 31 contractedoss france salmonella in recent months after consuming baby milk. None died, though 16 were hospitalized. The recalls affected 30 countries. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am the bill ackman. The i am nabila ahmed. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york, i am scarlet fu. Joe i am joe weisenthal. Julia chatterley is off today. Scarlet we are 30 and its away from the close of trading in the u. S. And stocks are modestly lower. Oil surging to its highest in a yearandahalf. Joe the question is what did you miss . Scarlet bitcoin rallies past 15,000 as traders of the Digital Currency look to draw a line under the recent slump. Apple having a not so merry christmas, w
Just under 30 minutes until the end of the close of equity trading. A big picture at across asset, equities, a little bit of a mixed picture, ftse 100 in the u. K. With a record high today. Dax and cac 40 trading sideways, a mixed picture in other industries and in the fx face, broad based weakness and the today,shed through 119 just below that now but up 3 10 of 1 . Cable meanwhile has gone above 134, slightly below that now, 133. 97. Up to 10 sub 1 . Fixed income space, the 10 year yields, generally yields moving lower. Metals on the front foot, let an aluminium moving higher with brent crude down 6 10 of 1 . One stock i want to highlight, the today chart for impact. Ams drop as much as 14 today, down a present or 9 , one of the apple stories. Concern over the past couple of days about apple and the iphone x. As the european markets have somened, we have seen companies drop. Looking at industries, tech stocks providing the biggest downward drag, down 3 10 of 1 . On the upside, materi
Everything is in the green, but very, very small movements in low volumes as well. 45 when you down look at the 30 day average. Story is in commodities. Come over here, and you can see the commodities index is up. That is a lot by metals. Is that the highest in five years, copper in four years on its 16th consecutive gaining day. Freeportmcmoran gaining about 3 today. Take a look in this chart. This is the bloomberg commodities index. It is seeing its longest stretch of gains in 12 years, and the index has been up for the past 11 days. Finally, i wanted to take a look at some movers. Lets switch up the board again. What you can see, these are some of the s ps worst performers on the year. General electric, under armour, all down on the year. We know that with ge, they are in the middle of a turnaround. The long time ceo has left in the middle of the year, along with another of budget top company executives. A new ceo reported a turnaround plan that was introduced last month, but not re
Ecommerce growth that even as they do sends some other packages out through u. P. S. , fedex, logistics and others the vast majority, Something Like twothirds of their packages go the last Mile Delivery to peoples doorsteps through the Postal Service back over to you. Sometimes Postal Service delivers on sunday specifically for amazon, several years ago. Thanks, morgan. Lets talk about this. Are the president s attacks on amazon a sign of bigger issues ahead for the company . Donald, and dave are both with us. Welcome to you both. Tom, you think a strong argument could be made that amazon is getting a sweetheart deal here right . I definitely think if you look at the research ive read, theyre getting as much as a 1. 46 subsidy on a perpackage basis. I do think in the case of the u. S. Postal Service Amazon is definitely getting a sweetheart deal, yes. Donald, what about you . Well, absolutely. You know, the bottom line is the post office is subsidized its Parcel Delivery through its fi