Confirmed case of coronavirus in the United States of unknown origin and after that press conference from donald trump. Not giving up. Meanwhile, we do see resiliency on the mainland. The csi 300 gaining. 1 korean kospi now down after that rising coronavirus count. A surprise Interest Rate hold from the be ok. Hong kong stocks falling lower. Lets look at the fx and rate markets. We see a rebound of the aussie dollar, but this after it fell to the lowest level since 2009. We do see the yen gaining against the u. S. Dollar and we see 10 year treasury yields falling lower. The 10 year yield at 1. 3 after falling below for the first time ever. Back to you. Ponczek, right, sarah thanks for joining us. Travelers torging reconsider trips to south korea as the number of coronavirus cases there nears 1600. President trump assured americans that they face little risk from the epidemic and tapped mike pence to lead the governments response. Trump sought to ease concerns after lawmakers raised que
district attorney calls a special grand jury. and for the second time in three years lawmakers on capitol hill are talking about police reform following a black man s deadly encounter with officers. plus president joe biden sends a message to speaker kevin mccarthy, show me your budget. that s all ahead on way too early. good morning and welcome to way too early on this tuesday, january 31st. i m jonathan lemire. thanks for starting your day with us. we ll begin with a move that could mean potential criminal charges for former president donald trump just as he ramps up his latest run for the white house. a grand jury has been convened in the case of hush money payments made to adult film star stormy daniels by trump back in 2016. that s according to sources familiar with the situation confirming the development to nbc news and first reported by the new york times. the times reports that manhattan district attorney alvin bragg started presenting evidence to a gra
The yen hits a fresh 34 your low reaching 156 after the boj colds rates steady and tweaks its language on the bond buying. We bring you the latest reaction at head of the Governors Press conference. Wall street higher thanks to a boost from big tech, alphabet and microsoft shares surge on earnings beats as fuels demand. Hopes of dampened as the u. S. Economy slows well price pressures move higher, traders pare rate cut bets as the focus shifts to bce data out today. You put from the tech story certainly on the earnings front. We will break down the gun story as we lead up to the conference 7 30 u. K. Time. The opitimism coming through, alphabet coming through this first dividend ever and to Share Buyback as well, and it is proving both of these companies that their investments and i are now paying off. European stocks pointed up by. 6 of 1 . Ftse 100 futures as copper pops up higher on the session. S p futures building on the optimism around the tech story looking to gains of. 8 of 1 a
Countdown. Lets start with twitter and the roller coaster that was the share price. The initial reaction to the number bound bounce was positive, jack dorsey started to speak candidly about the shortcomings of the business that is when investors started to rethink and the stock fell. Fascinating roller coaster ride. Lets talk about what has happened in the u. S. More broadly u. S. Stocks calling time on the longest losing streak since january in yesterdays session. Stock was up, better than estimated reports. Ups, pfizer ford, coming in better. It paints a positive picture so far. Mma in europe talks yesterday help as well. Lets move to the question the morning on twitter, whats could threaten the m a wave . You could find me on twitter. Lets talk about what is happening in the asian session. Over to china now, as the countrys equity index swings. Our market reporter from hong kong joins us for the latest. Juliet it has been a fluctuating market. Asian markets followed in general, that
We are live from bloombergs European Headquarters in london. Coming up this hour, autos. Peugeots first half earnings surge. We are speaking to the cfo live from paris in about 10 minutes time. Make sure you stay tuned for that. First up, barclays german john mack farland says hes going to step up the pace of cuts to the british lender. The Bank Reported secondquarter profits of 1. 8 5 billion pounds. That matched analyst estimates. Profits at the Investment Bank jumped 35 . For more, we are joined by our london finance reporter, julie of her lane. Julia these results sound like mcfarlane is ready to take the bank by the scruff of the neck. Julia he is going to run down the noncore by 2017 to bring down riskweighted assets. I think he is there to accelerate the whole process that jenkins started. You had equities down 2 and Investment Banking fees down 11 . It has been offset by the macro performance. Manus in terms of these job cuts, where do we think they are going to come from . Wil