Nike looking to shuffleci a protest from its owna fundraiser it is wednesday, february 19, 2020 Worldwide Exchange begins right now. Good morning im dominic chu in for Brian Sullivan stock futures indicating a positive open after the dow fell for a third consecutive day on that big revenue warning from apple. That dow would open positively by 57 points, the nasdaq up around 30. The yield on 10year benchmark ticking slightly to the down side, 1. 551 twoyear benchmark, 1. 414 there. Lets go worldwide moving over to chinas return t hang seng and hong kong up about a half and a third a percent. It is relatively green there on the screen very much a positive trade in the european session, at least so far sno the daily number of infections in china has dipped the overall death toll crosses the 2,000 mark reporting the lowest daily rise in cases officials in hong kong have announced a new death from from the virus as well. In the United States, a single case has been confirmed in california t
Half of next year. Time for todays global exchange. From dubai to frankfurt, to brussels to london, to Rio De Janeiro and princeton, new jersey, our bloomberg voices are on the ground with this mornings top stories. In turkey, the lira is gaining against the dollar following a 200 basis point cut. Joining me with more from dubai is paul wallace, bloomberg emerging markets reporter. Is this going to be enough president erdogan . Paul that is a key question. The lira has barely budged despite that 200 basis points cut being more than markets expected. Analysts were expect and about 150 basis points. The lira has had to endure a lot in the last six months. Erdogan has sacked his central bank governor. Since then, the new one has overseen a whopping 1200 basis points of rate cuts. Amazingly, despite all of that, the lira is actually up against the dollar since the end of june. We will have to see what erdogan thinks of this latest move to see whether he is satisfied that it is enough, or w
Were developed by the u. S. Government thanks to the tax payer as part of an industrial policy called the space race and now youve got an industrial policy in china to beat Us Technology to beat apple with a huawei next generation phone and it looks like theyre succeeding and theres no parts in the phone and the us is being going to be sputnik and left on the roadside while china and the technology in 5 g. Go into the future all they have are terrorists and set of being able to compete i think bell labs was in it they did it on the last big part of 00 they had a big. Research parked in steve jobs open openly said that they stole a lot of stuff from there they were the best at stealing they have from the technology from the u. S. Government this story actually hits here in North Carolina while way long relied on suppliers like corvo incorporated the North Carolina maker of chips that are used to connect smartphones with cell towers and sick. I Work Solutions will burn massachusetts base
Roadside while china and the technology in 5 g. Go into the future all they have are terrorists and set of being able to compete i think with bell labs was in it they did it well the last big part of 00 they had a big. Research parked in steve jobs open openly said that they stole a lot of stuff from there they were the best of stealing they had from the technology from the u. S. Government this story actually hits here in North Carolina while way long relied on suppliers like corvo incorporated the North Carolina maker of chips that are used to connect smartphones with cell towers and sky Work Solutions will burn massachusetts based company that makes similar chips it also used parts from Broadcom Incorporated the san jose based maker bluetooth and chips and Cirrus Logic Incorporated in austin based company that makes chips for producing sound theyve replaced all the ships with their own or other alternatives now well id love to see america get back in the race but it needs entreprene
Real inflation remember he removed all they had donek adjustments now so we never actually see inflation in the fischel numbers but wealth richter at wall street dot com i think has figured out that where youre starting to see it and that is whats behind the sub prime Consumer Loan implosion these are the good times but why are subprime credit cards auto loans and short term installment loans blowing out ok weve got a situation in sub prime Consumer Loans the delinquency rate on credit card loan balances at the nearly 5000. 00 smaller commercial banks in the United States this means all banks except for the largest 100. 00 is blowing out according to Federal Reserve data and the 3rd quarter the delinquency rate at these banks rose to 6. 25 percent thats even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2. Years. Means 30 days or longer overdue your payments are. The largest banks have delinquency rate of 2. 58 percen