Human or vehicle traffic through this area but there is animal traffic and last week the body of a dead wild boar tested positive for the disease elsewhere evidence of what south korea is trying to avoid china the Worlds Largest pork producer has seen almost 200000000 pigs killed or culled and its production is forecast to be down by 25 percent this year the virus has now been found in around 50 countries and is wiped out more than a quarter of the worlds pig population to help them fight the outbreak the South Koreans have been trying to get more information from the north. Unloaded and as we have mentioned previously we have informed the north of the operator of the in the south and also proposed to corporate on quarantine efforts. No response. In north korea. Has been awarded. For the development of the. American. The prize at the age of 97. 00. Has become the oldest. In history. With a few. Welcome back campbells largest historic park has reopened after lying in ruins for almost 3
Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
Topped estimates signaling optimism around new Iphone Models. It is different for samsung. Shares drop after reporting sharply lower profits amid global trade tensions. Matt welcome to bloomberg daybreak europe. We are getting figures from Credit Suisse in switzerland, secondquarter net income was 937 million swiss francs compared to the estimate for 788 million swiss francs. Really beating the estimate on the bottom line. As far as revenue, Credit Suisse says Second Quarter net revenue was 4. 5 above the street estimate. Total revenue was 5. 50 8 billion swiss francs. The estimate was for 5. 34 billion francs. Leading on the top and bottom line, secondquarter wealth 9. 5gement net new assets at billion swiss francs. Credit suisse, doing quite well in terms of the streets estimates. A beatit comes in as it for bnp paribas, secondquarter net income, 2. 40 7 billion euros. Euros. 7 billion looking through the details, bnp paribas Second Quarter revenue rising 8. 8 to 793 Million Euros. F
Haidi you are watching daybreak asia coming to live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Shery australia has just come online. President biden wraps up his trip to tel aviv signaling full backing for israel and supporting its claimed that Palestinian Militants were to blame for the gaza hospital blast, but fails to come concerns of a wider conflict with asian stocks falling the slide on wall street and investors digesting big earnings with netflix surging after posting the best quarterly subscriber growth in years, while tesla dipping after missing estimates. Annabelle this set of earnings, geopolitics are the two main things we will be tracking through the session today but we have the open of the asx 200 and you can see the direction in the early moments is clear with the drop in futures pointing to losses of 1. 2 so we will wait a few more minutes for it to come fully online in the session but really what we are monitoring
To daybreak australia. Shery the top stories this hour. Israel and hamas trade blame after hundreds are killed in an explosion at a gaza city hospital. President bidens summit with arab leaders is canceled. Haidi u. S. Treasuries and stocks fall. Nvidia slumps as the u. S. Restricts sales of chips made for china. Shery more big bank earnings. Goldman sachs post on earnings drop. We had a mixed picture when it came to the Bank Stock Trading session and of course a lot of volatility in todays session given the soaring yields we saw in the treasury space with the slump resuming. We had the s p 500 finishing almost unchanged. A lot of that to do with the fact that we saw strong Economic Data again a large jump in retail sales also solid Industrial Production numbers that sent the two year yield to the highest point in 17 years. We are watching the u. S. China reports as well as we heard about more restrictions when it comes to technology exports to china. So the Philadelphia Semiconductor