We will look at the performance of asian makers and hear from General Motors. Lets see how things are shaping up for asian rackets. Markets. Roilings tweets are markets and the stocks look to be opening at a low. Taking a look at nikki futures, down a little more than 1 . This brings on the prospect of more retaliation. That will be way down on the. Hares of these Asian Companies especially when japan opens, we will be seeing whats going to happen between japan and south korea. We are expecting the Prime Minister to have an announcement about how they treat those south korean companies. Looking closely ahead to that as well as checking on the commodities later. Sophie thanks so much. Checking in on the terminal. Oc been numbers coming up, rounding out the three big lenders. Net income at 1. 22 billion compared to the estimate of 1. 9 billion. Allowances for loans and other assets came out at 111 million. Secondquarter growth was likely driven by expansion in interbank rates. Income was
Accordingly, equipment is being purchased but already this year we are seeing an increase in production combines and the production and export of these products, the same situation is observed in a number of other projects, with regard to the Initiative One project, we see that decisions have already been made on 40 projects either by the Development Bank or partner banks through which we finance these projects, the money is already being spent, there are a number of successful projects for which we expect to reach design capacity already or by the end. Year or by the First Quarter of 2024, under monthly control, the implementation of this initiative by the prime minister, for its part, the bank development, its project and Investment Center monitors this monthly and provides information to the government on the progress of activities, as of september 1, practically from the point of view of the plan, the fact of investments that were included in the plans of the enterprises themselves
3 30 voice. Live from new york city, good morning. But it your week started. Equity futures posited by 0. 1 . What a week ahead weve got for you. Wednesday, decision day. Apple earnings on thursday, payrolls on friday. If you want a sneak peek, the estimate, 250 k. Payrolls has been absolutely dominated by a series of upside surprises. This morning dominated by one chart, the dollaryen. Could we talk about the range weve seen on dollaryen today . This is not a monthly range, weve been through 160 already in the last 12 hours. We started the month focused on 152. Theyve been the ministry of finance in japan, no comment. Thats what we heard from the ministry of finance, no comment. Annmarie no comment for now. People are saying was it the fact that there is a Public Holiday in japan, low liquidity . But i love the fact that they come out and the top currency official says no comment for now. Will begin a comment . Do they intervene . Jonathan if you want to make a statement, it is a grea
Brilliant guests share their thoughts, more importantly, how to invest with all these crazy moves. Ill ask ed yardeni to handicap where corporate earnings are going. And now imagine, you own a stock and you wake up, its up 130 and youre still down 99 . Its the latest example of Silicon Valley greed and and why i continue to warn you to avoid ipos for now. Plus, the wokest place on earth just woke up. Wait until you hear the drastic measures that sweden is taking to combat crime and inflation. All that and so much more on making money. Charles so weve been told its jay powells favorite inflation gauge. It came out this morning. It was okay, right . I mean, you know, or sort of we got an initial sigh of relief on the news. But remember, the fed seems hell bent on more rate hikes, and the kind of data we got this morning, maybe it could hold them at bay, but maybe its not enough. Im hopeful that data like this will continue to come out before that december meeting, keeps the fed on ice. A
Not as much as the data. Of more than 1 as much as 1 or 2 . And we have aback push and pull trying to figure out, was the inflation number a oneoff . It added to the wage number we got in the jobs report what economists are looking for a trend. We also had the retail sales data that came below estimates. The market is trying to digest this. We are seeing largecap tech better than the brogden mark broader market. Terms of the Earnings Report today, joining some peers in reporting numbers that beat estimates. This is reassuring about the ad business as those shares rise. Western union report of the earnings that are than estimated though it looks like stocks are more reacting to testing transactions. Invested and had finally groupon is going in the opposite direction. That companys fourthquarter earnings misting estimate missing estimates and even the full year is below estimates. It is down by 10 , mixed picture on the earnings front. Remember, that is the crop the fullyearally earnings