Singapore leading the region. For thea up. 3 percent day, the highest level in 19 months, but new zealand stocks in the red after searching on wednesday. The shanghai composite, some swings after that pmi data came out, and japanese shares fluctuating as the yen halted a three day drop overnight. 117, theack below dollar plunging against its g 10 peers. Also, paring long dollar positions ahead of u. S. Jobs data this week. The pboc strengthen the yuan parity, offshore yuan sticking below the level. Set for the biggest gain since september, leading the charge in asia. , the philippine peso jumping to the strongest level and seven weeks, the ringgit coming off a 1998 low yesterday, and the rupiah joining that advance. The aussie dollar is looking at a third day higher, but could be vulnerable to testing a maiy low. 6,do have data on january but aussie weakness of boone of sorts. Aussie services index, 57. 7, the highest in a decade. Gold set for a third day of gains. Halt its advance, sl
China is stepping up support for its economy by wrapping up spending and considering new measures for back lending. Beijing will make more money available to local governments and minimal amounts banks must set aside to cover bad loans may be reduced. Lets take a look at the market. Hong kong and china are closed for lunch. But they fell in the morning session. After two days of gains, the japanese stocks as well as singapore are all down. I will be back in half an hour. Emily this is bloomberg west. Last years Growth Stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big stake. Major investors weeding out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. There was a time when the only thing they had in common was the description as Growth Stocks. Today the businesses b
Appropriate. Former United Nations secretarygeneral interest which pope francis is in mexico where he delivered a massive stadium rally on behalf of fighting the drug trafficking. That is bloomberg news. Emily this is bloomberg west. Last years worth stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big steak. Ake. Major investors meeting out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. When the onlyme thing they had in common was the description as growth stocks. Businesses bleed together. They all can pediatrician content for us streaming video. Into 2016. From 2015 all the stocks have been slammed in 2016. More than 20 declines. What do we read into this . David, should we be thinking of this as a sector wide story . I just came from giving a speech. One of the
Essentially may pay them to lend and that the dax would drop, you would have locked me out of the room, but that is what happened yesterday. David we have someone to explain it all to us. Our very special guest is Mohamed Elerian. We think of him as a bloomberg columnist. Welcome back. It is good to have you here. Mohammed co. Wonderful mohamed wonderful to be here. Jon the republican caroline the republican president ial candidates stayed away from namecalling. Trump said his campaign has been a positive force. Frankly,ump i think the republican establishment or whatever you want to call it should embrace what is happening. We are having millions of extra people join. We are going to beat the democrats. We are going to beat hillary or whoever it may be, and we are going to beat them soundly. Caroline trump his favorite to win primaries next tuesday in florida and ohio. With getting a boost former candidate ben carson agreeing to endorse him. The Islamic State is expanding its presence
Phone of shooters, it is now to help unlock other phones. In the south this morning tornado touching down in oklahoma last night. More severe expected. We will have the forecast for you. Markets, final trading day of the First Quarter. Shanghai composite up a fraction, most of the major averages lower, however, in europe we have across the board this morning. Oil prices are falling. Dax index down between twothirds of a percent and more than 1 in paris. Futures this morning look like this. The Broader Market expect today open lower today. 27 points on the dow, nasdaq s p also weaker this morning. We are looking at modest declines at the open at this point. Checking firstquarter performance, dow up 1. 7 . S p 500 just shy of 1 . Nasdaq the loser of the year, up nearly 3 . We are looking at the winners and losers. All this coming up this morning and here to break it down with me fox business Dagen Mcdowell and michael block, good to see you guys. We have a lot to talk about this morning