Hence were noon in the eastern part of the United States and it has yet to begin formally trading. Were watching that. Were watching crosscurrents of the markets, buoyed about prospects for possibly a china deal and lower Interest Rates at that came with it. Although off the earlier highs, largely on concerns we might be staring down a possible conflict if iran ever since they shot down a u. S. Drone overnight. The concern that it will spike oil prices. That is exactly what is happening but it has not spilled over into the rest of the market. President trump, meanwhile as we mentioned earlier will meet with canadian Prime Minister Justin Trudeau with all his finance ministers in tow as well. Possibility of a proverbial pool spray. You know the drill with that. The canadians are here in town to make sure they nail down the agreement with the United States along with the mexicans. The mexicans okayed it. The canadians okayed it. Theyre worried about the chilly reception on it is getting
Controversial extradition law and hong kongs chief executive has apologized for it. Not good enough for the people of hong kong, who turned out by the millions this weekend and who have returned to the streets today. They want the law dropped completely and the chief executive to resign. The pressure on xi remains. He is not leading a united country. Trouble back home. To the markets. We are going down a little at the opening bell, not much. Maybe ten points for the dow, up about 13 on the nasdaq. This is all about Interest Rates. The Federal Reserve will announce a decision at 2 00 p. M. Eastern wednesday afternoon. Will they cut . Dont know but theres a good chance they will. Thats what investors are waiting for. I want to know what happens to stocks if they do cut and what happens if they dont. Now heres those outage stories. You could call this a sign of the times. When computers go down, it is truly devastating. Over the weekend, target stores all shut down for a couple of hours.
Taking some escalatory moves in order to abandon the nuclear deal i think if the iranians abandon the nuclear deal that would increase also the potential for confrontation with the tom administration wide because the Time Administration would be saying then that look the iranians are back to they have Nuclear Program they are trying to develop a nuclear bomb and we cant actually accept that and that will lead to further escalation they are because have been trying. Says President Trump abandon their nuclear deal in may last year to convince the iranians to stay in the deal but the iranians are telling them they cannot actually stay in a deal without adding that he was actually off that deal because the iranians the accepted to abandon their Nuclear Program because they expected that the sanctions actual be removed but now the americans actually that having that deal iran sticking to the deed but without giving them that he wants what thats being that is a very difficult city were going
Jonathan for our audience worldwide, this is bloomberg surveillance. Your equity for our audience worldwide, this is bloomberg surveillance. Your equity market 0. 3 . Jackson how starts from now, a week from today starts from nowa week from today chairman powell speak. Lisa how much will he lean into the section. We will have highwe will have hg but not raise rates higher in the short term. Cuts are not in the threshold. Jonathan 5 5 world, on this d market we start with consensus behind the move of the past month. Consensus behind the move of the past month. Lisa now it is time to buy and save but still, this to me is the ultimate question. Will the fed not raise further but raise further but they will hold them straight for a longer time . Aside good or bad news . It has driven of concerns about inflation and deficit. About inflation and deficit. Jonathan and then you have china, what a week for the second biggest economy. Theyve been delivering fixes with currency. Based on the repo
Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias Major Trading opens. The top stories this hour, asia is set for a week open ahead of key u. S. Inflation numbers. Fed officials empathizing data will drive the pace of Interest Rate cuts. Haidi earnings in focus in late u. S. Trade, paramount still swollen even as streaming subscribers beat the street. Snowflake melting down after its forecast missed estimates. Annabelle plus, bitcoin tiktokking 60,000, as etf driven demand triggers a bull run. Haidi all right, lets get you to the start of trading this thursday session as we get that staggered just creeping online when it comes to sydney stocks. Seeing a bit of a flat start to trading. Looking at the bit of a retreat bringing set up in the asian equity session. Both treasuries and the dollar strengthening ahead of the key inflation metric expert on th