Dependent. Lets have a look at what is going on with some of the moving parts in some of these assets. The 10 year yield was going up to 2 , which could signal all sorts of things regarding the economy and the u. S. Economy. And expect through the fed to be moving for the time being. The japanese 10 year yield has been on a tear. Bonds have been following. The bond market coming back a little bit. Up to the zero level. This is the hang seng Property Index in lieu of the Property Price numbers we had out of china. Higher at the moment. About 6. 7 so far. Looking at the idr as it strengthens, we do get trade data that you give us a single how a signal how indonesia is bearing the winds of commerce. Lets go across the world and get over to new york. Su keenan is there. Start with hong kong, which faces a fifth week of disruption as protesters step up their campaign a the business district. The unrest is hitting the economy hard. J. P. Morgan chase and they caved a pacific are the latest t
Road map begins with this trade stumble for stocks some lingering china trade concerns plus, ecommerce boom alibabas 24 hour shopping extravaganza breaks its single days record of more than 30 billion in sales and still climbing. And goldman facing an investigation over allegations of sexist credit decisions at app apple card stocks are set to open lower this morning on some dampened expectations surrounding u. S. China trade talks as well now as this escalating violence in hong kong meantime, the s p is in the midst of a five week win streak for the First Time Since march 6 if you look at the nasdaq. It has been a nice ride over the past month. It is so amazing because the some of the bigger runs are companies you would expect no trade deal, we would unravel a lot of the companies that do a lot of business in china it continues to happen one thing i would say is that people seem to care more about the fact that Interest Rates are going up than they care about what is going on in china
And we got better than expected manufacturing data here in the u. S. , but the imf did lower its Global Growth forecast joining us for the hour is steve grasso from Stuart Frankel you know, we hit these highs earlier in the session didnt hold on to it for very long what do you make of todays action we didnt hear about impeachment. We didnt hear about china trade, really. We havent heard much about a lot of things, but we did hear mostly about were earnings so the market wants to get back to something that they can look at and say, its binary. Either services it was a win, it was a beat, they got it higher or lower and were going to run with the market there. Not enough to make new highs, but were on our way there with earnings, i would guess. It is interesting to look at companies fundamentals, actually push the trade headlines aside just a bit still hopeful, perhaps but let the day be run by earnings its true everybody has been run by macro lately so twothirds of all stocks trade with
God to be here. Maria investigation is turning criminal now dagen in terms of the origins to have russia probe, we are seeing more and more evidence of really exactly what went down as weve been discussing for the last 2 and a half years. Dagen ability to enpanel panel a grand jury and with bob mueller, the way special counsel worked, he couldnt report to congress, technically john durham would be able to report to congress, again, being out like keeping congress and the public informed about whats going on is going to be very important and flies in the face of what the democrats are doing in terms of this process because its not really impeachment. Maria youre right, we will talk more about that. Amazon stock down, profits fell 26 from a year ago, the companys heavy investment in terms of speed up shipment, the stock is off of the lows last night this morning but still looking at decline of 5 and a half percent, set to lose 40 billion in market value at the start of trading, mitch, yo
Rebound. We finally found some direction given that we are spending most of the day stuck in neutral. Its interesting we had a steady climb in the last area 40 minutes of trade today. Im thinking about bitcoin. Sharplybeen going down and it seems to be libre related. Zuckerberg testified before the House Finance panel yesterday. He said it libre would not be launched without government approval. That probably put the fear into frequent and cryptocurrency users everywhere. Heres the big uptrend earlier this year. After the announcement of labor, libra, were seeing that again today. It decline is now confirmed to go ballistic thousand after earlier those two points confirm each other it looks like bitcoin may continue to drop i am looking at shares of tesla. We know that they missed their delivery numbers. We didnt get the 100,000 mark. We got 95,000. It now we are going to wait the hell we can analysts want to see if we can get some headwind in china. The seem to think that market is sa