In the 90s and early noughties. This comes hot off the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling down more 14 in the year tojuly. But domestic demand is down, too, with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation. Things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. How likely do you think it is, though, that china is going to
Haidi that u. S. Gdp print, it was offset by the weekly jobless claims surge that maybe means there are some cracks in the liberal market. It sent yields heading lower. You see that in austria and korea as well. Then we had the surprise. Emfthe set is for global stocks to end the week with losses. Thailand is coming online. Hong kong seeing gains of 1 . David seems like equity markets are capped at specific levels, specifically with yields at these levels, its not difficult to understand why the runway doesnt seem to be as clear. That being said, lets talk extremely shortterm. You are close lower. U. S. Closed higher. Foreclosing got supportive earnings and the green on the screen. When you look at euro, it looks like there will be continuing and extending those gains. Stoxx 50 futures are up 0. 3 , coming of the ecb. Just keep that in mind. 1. 0565 is the currency. Thailand is coming on. Indian futures at this hour. The off cycle hike out of the philippines, and the indonesians are ch
Makes him so bullish. This name just delivered a strong quarter, strong guidance, the stock is up 3 , but its a crowded space. The closest competitor just entered the public market. The ceo is not worried, not pulling any punches, either. Hell join us live ahead. We begin with the markets with dom chu. Its red and getting worse. Were just near session lows right now, and the dow industrials, that means a 414 point decline, 1 to the downside. 37,971. The broader based s p 500, 5,065 the last trade there, down about 1 , as well. And to give you perspective, at the highs, were down 353 53 poi at the low. The nasdaq, down about a percent or so, 15,798. Big technology trade, amazon is going to be the big focus because the earnings report. Were putting a big circle around that 1 decline around amazon shares. But broadly speaking, big technology, microsoft down 1. 75 . Apple, the standout to the upside, its up 0. 1 . Nvidia down 1 . Alphabet down 1 , as well. So that Mega Cap Technology trade
Unprecedented details of her president ial campaign. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is Bloomberg Technology. Amazon beats on revenues, but a big miss on earnings is dragging the stock down after hours. What the Second Quarter scorecard means for the bottom line and founder jeff bezos. Plus, twitters flatline. It beats on revenues and earnings in the Second Quarter, but did not move the needle on user growth. We will discuss its prospects for a turnaround. And samsung unscathed despite the crises within over the first half of the year. Business is booming for the korean conglomerate. How it is within striking distance of apples top spot as the worlds most Profitable Company. Dipping inon afterhours trading due to disappointment with its financial guidance, especially its projection of a financial loss in the coming qua
Unprecedented details of her president ial campaign. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is Bloomberg Technology. Amazon beats on revenues, but a big miss on earnings is dragging the stock down after hours. What the Second Quarter scorecard means for the bottom line and founder jeff bezos. Plus, twitters flatline. It beats on revenues and earnings in the Second Quarter, but did not move the needle on user growth. We will discuss its prospects for a turnaround. And samsung unscathed despite the crises within over the first half of the year. Business is booming for the korean conglomerate. How it is within striking distance of apples top spot as the worlds most Profitable Company. Dipping inon afterhours trading due to disappointment with its financial guidance, especially its projection of a financial loss in the coming qua