Cut. Unemployment is rising but so are home prices. On the edge, hong kong leader carrie lam under pressure after new reports that says she will quit if she could. We have the latest on the unrest. Kathleen it may be u. S. Labor day monday holiday, but that does not mean futures markets are trading. Lets start with the s p futures contract. 48 . Now down about Bloomberg News reported u. S. And china officials are having trouble scheduling actual talks after donald trump keeps more tariffs on the chinese. Chinese have retaliated. Trump says they will move ahead. That news is putting pressure on stocks. The dollar is pretty much flat, a little stronger. A mixed picture of a quarter of a percent. Weaker after Boris Johnson threatened a snap election. Everyone wonders what is going on with brexit . As for crude oil, with Hurricane Dorian having smashed across the bahamas, so much wreckage, heading for florida. People are wondering what is going to happen with oil demand . You have a trade
Turn. Oil gains for the first time this week after saudi arabia signals export curbs curbs stabilize prices. Shery lets get a quick check on how markets performed. We see u. S. Futures under pressure right now, down. 3 . We just got the news that the white house has halted temporary licenses to sell to huawei. That is putting pressure on the market, dampening Investor Sentiment after a strong day on the markets here on thursday. We saw the s p 500 gain the most in two months. Was in the green actually managing to erase the losses we saw earlier in the week. We saw tech and Energy Leading the gains. The nasdaq up for a third consecutive session, up 2. 25 percent. Energy was also up in the session as we had oil gained ground. We heard saudi arabia was contacting other producers in order to find a solution to stem declining prices as trade tensions continue between the u. S. And china. We are seeing u. S. Futures rapidly declining at the open on the latest news on wally huawei. Lets see h
Watering 5 billion. The implications of unrest, weeks of protest and hong kong. The effect on the citys top names. Shery we are seeing pictures being pressured down half a percent on that news that the white house is halting any licenses for businesses to work. Ith hallway huawei this after a stellar performance. Green. Ector was in the the s p 500 was able to erase this weeks loss. Nasdaq two and a quarter percent. The Energy Sector leading those rises, gaining ground with news that saudi arabia was in touch orbital in and order to slow the decline. Lily catching the eye of investors. Lets see how we are shaping up in asia. Pointing to a mixed open. Futures down almost. 5 , but in sydney, seeing a little bit of positivity. That sentiment is strongerthanexpected and it was shortlived. Bloomberg reporting that the u. S. Is planning to publish that final list in chinese imports. They plan to hit with tariffs this week or early next. Reporting the white house is holding off the decision o
Welcome to daybreak asia. We are coming down to ages major market opens. Haidi the top stories this hour. The market searching for motivation as a tame u. S. Inflation report the case for a fed rate skip. A weak 30 year option. Alibaba returns to Revenue Growth across all major divisions define chinas define chinas economic woes. Bloomberg learns chinas market regulators will meet developers and financiers on friday seeking solutions to a worsening property crisis. Kathleen we are waiting for the Rate Decision from the banco ce ntral peru central bank. Expected to hold again even though inflation is falling. They did holder key rate at seven and recorders percent exactly as expected. We are going to be looking for messaging because Goldman Sachs had predicted they might cut their key rate today because inflation has had a nice downward trend lately. If not today they will do it at their next meeting. That is the latest from latin america. We will be waiting for any Additional Informati
The major market open. Shery the top news this hour, mix earnings and data, treasury as well as the government prepares to increase issuance of the longer end. Haidi donald trump indicted on alleged conspiracy to overturn the 2020 elections. Shery here is what u. S. Futures are looking like in asia, a little bit of pressure, this is after we saw a mixed ending with the dow getting slightly up, the s p 500 falling from the high we have seen in 16 months. This is ahead of the jobs data out of friday, we have job openings in june below lowest since april 2021. We are watching the bloomberg dollar index after the resilient labor market data showing that we are now on a three week high with emergingmarket currencies on the others pressured across the board. Oil prices trading at around the two dollars a barrel level in the asian session, we are saying the upside of. 8 percent. We also have heard the u. S. Is delaying a refilming of the emergency stock files a refueling of the emergency stoc