But what else we are going to be tracking in the session is the cautious tone thats going to be coming across from the wall street day. Given that as you said it is the countdown to those inflation metrics. The feds preferred inflation gauge. We have australian inflation coming out. And trading volumes have been pretty thin really over the past few sessions as we await those numbers. We are taking a look at the nikkei, unchanged at this point, but of course watching what is close to a psychological level of 40,000 points. Lets change on a look at what wells we are tracking. Korean markets just opening. You are seeing a little bit of positivity coming through but its very modest as well. Not Much Movement coming through either direction. U. S. Futures you can see again fairly steady. We did not have big moves for the broader index overnight. It was those individual movers that came through, some of the big tech for instance. A change of fortunes thereafter some of those names, but more
Fresh data from ice on home prices and supply and how were setting up for the important spring selling and buying season and thats coming up, but first, lets get a check on the markets overall which are relatively mixed and were flat for most of the major indices and the dow is up 0. 1 near session highs and we were down much earlier in the day and the s p 500 just about flat on the session and the last trade, and the nasdaq composite 16,250 thereabouts off 0. 2 . Meanwhile, check out whats happening trendwise for many of the Regional Bank out there and basically green across the screen as people are starting to see some signs of value out there and perhaps getting a mean reversion trade and Short Covering and people taking out some of those bets on the down side and taking profits there. On the Regional Banking side, you can see the etf is doing relatively well and Zions Bancorp will be taking on the s p 500 this month and the up oncommunity bancorp is up three bucks a share on the bi
Good morning, this is talking about january. Bloomberg. Im Tom Mackenzie and these are it is hot for the month and the stories that set your there are effects you have to agenda. Consider. The january effect. European creatures trade flat as investors look ahead to a annual cost of living reading on inflation. Adjustments that are taking into account and a big jump in data will be key to the pace of payroll. Rate cuts. That will attribute to some hot while makers of for an imminent data. Government shutdown as Mitch Mcconnell announces he will step powells preferred metric is a down after novembers election. Gauge of inflation. Bitcoin source as demand puts looking at data for january. The coins record high back as the fed charts out its past, insight. Looking at a cut in may, they selling came through in the u. S. Will look at data that shows things are turning around when sustained cooling in inflation. It comes to u. S. Futures. European futures are flat. We will see what the data s
We spent too much. Im disgusted by it but it is what is and democrats dont think it is the problem and the fed will bring money, this isnt anything new. Weve never known a situation like this where the political calendar and a litigation calendar mary up like this. No one knows. China is provoking dangerous intercepts. One of them could lead to combat. What can we trust about this government . This should never happen in this country. This is dangerous. It has transcended something that means that something is not right. Stuart shania, it is a nice upbeat song. Here we go. It is friday august 4th. On the market, nice again for the dow, up 200. It is up 91, green for their. They are all up except for apple which is sharply lower, disappointing Earnings Report yesterday, down 3 . Amazon powering ahead 11 . Microsoft is up one. 6 for alphabet and smaller gain from meta but they are up, apple down. Show me the yield on the 10 year treasury, it is going down. 418, first thing this morning,
Apple disappointed on some metrics last night, even with a double beat on earnings. Driven by a 6 move in services. But the decline in sales for the Third Straight quarter is what investors are reacting to this morning, the stock is down about 2 , still the largest market value of any company. 3 trillion. Angela, your reaction to the apple numbers . Yeah, i think the only way apple is going to move higher today if you had a perfect type of quarter. You didnt necessarily get that. The numbers overall were solid in our view. Most importantly you highlighted what the Services Growth of 8 year over year after three sequential quarters of declines, you finally kind of saw a reacceleration there. Its going to continue to accelerate into the september quarter. So that is proving the health of apples ecosystem and the installed base growth, the market share gains, despite the declines were seeing in the smartphone market. Essentially at decade lows, its really kind of allowing apple to navigat