Months here but nevertheless that news was a good excuse to start unloading tesla shares. Do not, do not feel bad for elon musk though. He is still comfortably worth in excess of 103 billion even with the falloff today. We are following a tale of two president ial candidates in wilmington. Not the same wilmington. President is heading to wilmington, North Carolina. The former Vice President , wilmington, delaware. Both expected to continue concentration in battleground states. At the same time reminding americans that each has the secret to make them feel better there is sentiment surveys out today that really confirm were bummed out as a country. Were getting to the bottom of that. Why are we bummed. Why are we dim on our own prospects here . Cuts across republicans, democrats, im buying this in pockets, even guys like new age are really morose. Im not morose. Depending if lunch is served. Go to Jackie Deangelis what she is following with the dow up 219 points. Where are we with all o
Jakarta just coming online. Interesting when it comes to the hang seng, we are close to those session highs for the hang seng. Cathay pacific certainly one to watch. Spike onned that brief this governmentbacked rescue plan. We come back to earth a little bit. Still seeing shares elevated a little bit. Chinese stocks slightly lower. We missed on the Inflation Numbers. Small caps in china close to 20 higher from those lows we saw. India futures also pointing positive. We are watching the dollar as well. Down for nine of the last 10 sessions. A little bit of exception with the yen, 107. 79. The hong kong dollar still on the stronger side but kyle bass doubling down on his bet against the peg. We will see what kind of demand there is. Offshore renminbi pretty much unchanged right now. Haslinda lets stay with china. Factory prices continue to fall in may. The country continues to deal with the fallout of the coronavirus pandemic. Lets cross to selina wang in beijing. Break down the Inflatio
These are the cruise liners, the energy companies, the tourism companies, because thats whats in jeopardy. Crude is back above 50 a barrel, barely, there was a building inventory but not as much as the market was anticipating. That goldst heard futures were disappointing, we did see a big bounce but now we are pulling back. Europe, the stocks are stabilizing. Its flat today, but with decent volume. Most negative point of the day came an our into the trade, and we lifted off of that earlier. The volume is pretty good. And we are seeing the german tenyear don on offer. For the a situation loosening of the purse strings. And you are talking about the 135 on the u. S. 10 year, with a little bit of profit coming in. We could be trading 130 or 149. Around, thea going boris government johnson the Boris Johnson government may not have expected this to appear later in the year, thus the pound tracking a little low. Vonnie President Trump said to hold a News Conference on the coronavirus after G
They will be tightened. Mark mr. Trump told those gathered wise leaders but the future of their own people and country first. President trump is reiterating he will not accept a bad trade deal with china. The president said he is still hopeful an agreement can be reached that will be beneficial to both countries. He accused china of trying to game the system. Parliament resumed its deliberations wednesday at 11 30 a. M. There will be sufficient time for emergency debates following the u. K. S Supreme Court ruling the government suspension of parliament was illegal and void. Prime mr. Boris johnson says he strongly disagrees with the courts ruling, and Jeremy Corbyn told his conference prime mr. Johnson should resign and become the shortest serving pride minister there has ever been Prime Minister there has ever been. Global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg
You can never own enough of the good ones, or sometimes you cant own any of the good ones, right, jim but im not adding at this point. Im happy for what i have. The stocks never attractively valued, so its less attractively valued at this point. What about the report in your view its good my concern was, whats happening with cloud i got some good news from google with cloud, got some decent news from microsoft on cloud, so thats got the major risk. Less concerned about the Retail Business, because that can always be explained away, but the bar was set pretty low across the board for amazon. A lot of doubters. The stock still far off its highs. So, i wasnt really worried. I thought the setup was pretty good but when you look at some of these names, its such a binary event that day they dont act like they used to with 1 or 2 moves theyre having moves like this, which are ridiculous when you compare it to the low volatility in the markets overall, this seems outside the moves. Its sort of