Conversation in just a minute. Ill take you to the wall. We are focused today on this big pullback for tech. Nasdaq remains under pressure by more than 1 farmer jim, are we witnessing a socalled transition trade right before our eyes, from growth to value and does it have staying power . I think we are, scott i know its dangerous to say this type its different with regards to the rotation, but lets also realize this rotation was occurring before the announcement of the vaccine. All had you to do was look at the industrials and material to give you that clue now theres a very fundamental reason to support the continuing rotation into the cyclicals, into the industrials, even into the financials, which have been left fordead but are coming back it ju its just as simple as there is a path to normalcy ahead of us heres the one qualification i want to make if youre looking at yesterdays rally and saying, shucks, i missed, it relax unfortunately there is terrible news coming on the virus sco
Front. Caroline the question is whatd you miss . Data shows that the u. S. Retail sales rose in september at the fastest pace in three months. Numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with Industrial Production on fire. When you look at the big picture, joe, economic reports confirm that china needs the u. S. And the u. S. Needs china. Their economies are linked handinhand on the industrial and consumption levels. There are many issues between these governments, that we would see. But there is a link between the two economies and it is remarkable. Joe it is pretty striking because so much of the story of the economy, the Global Economy some overproduction in china, it is the opposite. You see this in our charts that Cameron Crise made. Industrialine is recovery of precrisis levels, very impressive. On the consumption side, it is very far below precrisis trends. Chinasuction side of economy is roaring back a lot faster. Ca
As always, you can find background and analysis on all our top stories on the bbc news website. Log on to bbc. Com news or download the bbc news app. Now were crossing live to singapore for Asia Business report. I the iphone goes pro. Apple unveils its latest range of devices but will its latest range of devices but will it be enough to beat the competition . Battery powered porsche sports cars electric models makes its frankfurt motor show debut. Good morning, asia, hello, world. It is a wednesday. Glad you could join us for this midweek edition of Asia Business report. I im rico hizon. We start off with apple because the Technology Giant has just unveiled its newest devices at its headquarters in california. But this year, the threat of new tariffs loomed over the companys Product Launch event. And even without that, some say apple is not innovating fast enough. To justify its some say apple is not innovating fast enough. Tojustify its high prices. We were there to get up close with
Apple has launched three new iphones, a new ipad and the 5th generation apple watch. It also revealed that its arcade Gaming Platform and Apple Video Streaming Service will cost 4. 99 a month each. Features on the new phones include faster processors but focus mainly around the cameras, with the top model having four, one on the front and three on the back. Interesting, but many would argue apples future is now about more than the iphone. Sales at the tech giant rose 1 to 53. 8billion in the last quarter but iphone sales represent less than half of com pa nys overall sales for the First Time Since 2012. Our north America Technology correspondent dave lee was at the apple event in cupertino and got to try out the new devices. This is the iphone 11 pro which this is the iphone pro which is the more expensive version of the new set of iphones. This one is the max version, the bigger version, of the three. You notice, compared to the iphone 11, you notice, compared to the iphone, there you
As american firms in china admit they are taking a hit from the ongoing trade war. And this is how the trading day has started in europe. Optimism in the air that governments, particularly germany, and Central Banks are about to invest to avoid a recession. Analysis on that and all these stories coming up for you shortly. And well be getting the inside track on learning english in a Virtual World from a boss who began in venezeula. And with thousands of shops closing here in the ukjust in the first half of this year, today were asking what it takes to get people back into their local shops. Perhaps the London Department store selfridges has the answer after it announced its opening a cinema. Let us know your thoughts. Just use the hashtag bbcbizlive. Perhaps it could be something as simple as free parking hello and welcome to business live. The worlds biggest tech giant apple has launched a new suite of products three new iphones, a new ipad and the fifth generation apple watch. It als