Closer to the mainland. Wrapping off the iphone 12. It is bigger, pricier, and supports 5g. It could trigger a wave of growth. Lets get a check of the markets. We are seeing u. S. Futures under pressure at the open. This after u. S. Stocks retreated from sixweek highs during the regular session. Prospects for us fiscal for a fiscal stimulus have remained stalled and we have mixed corporate views. The s p 500 lost 0. 06 , nine sectors were down. Financials leading the declines. We had a positive start for Bank Earnings but they went south of her investors took a look at reserve relief and Regulatory Risk. 0. 1aq composite, down percent, apple shares tumbling after the release of those latest iphones. Giving up some of the big gains we saw ahead of the event. Oil is under pressure, but still above the 40 per barrel level. It held onto gains in the new york session. This after data from china showed robust crude imports but we did get an executive director shuttered restart of output may
One progress review should happen soon. More signs offers china strengthening rebound. Sales jumped by one third last quarter to 22 billion. The company insists it is no threat to u. S. National security. Lets take a look at how we are shaping up on this final friday session of the day. Lets get over to sophie he was taking a closer look. What are we watching . Vibes coming through with futures largely higher. We could see some weakness in korea following the drop that we saw for the kospi. On the docket today were looking at cpi from japan. Nikkei futures move slightly higher this morning, while the yen is trading below the 106 handle. Pulling up the chart on the terminal, we are watching to see if tech will bounce back in the region after thursdays selloff which saw the kospi with a big loss and the worst day for the regional tech index since march. Samsung took a hit on the south outlook for to prices. Prices. Outlook on chip potential hits on huawei and delayed 5g. That could hurt
Indepth look at our top stories and then i was. Everybody. This is the kaiser of port au. Max this is the last week that i am allowed to wear white according to the Fashion Police so you know when labor day comes up were not supposed to wear white after that. So im going to wear as much white as possible hopefully im not blowing your eyes out you look like the good humor woman. Delivering i scream in the good good humor woman truck thing dingle well you know what theres a lot of looting am plunderer going on and we have to refer to the quote from frederick that we refer to all the time as this is something weve warned you about for a decade now and its really really coming true frederick. Said when plunder becomes a way of life for a group of men in a society over the course of time they create for themselves Legal Systems of warning there you know looting begets more looting of becomes institutionalized becomes accepted at the top and then you have a class of people that come up with
Also his rhetoric reiterated when it comes to china, saying china should have kept the virus where it was and could have stopped this virus spread. These are the latest lines coming through, the president saying trump the u. S. Can deal with the flareups. We are seeing with stocks we are basically coming off some of the lows but still heading lower today, u. S. Futures extending losses to more than 1 now. Jakarta coming online. We have a Bank Indonesia decision today, expect some type of rate cut. When it comes to india we are watching the standoff on the border with china. Besides continue to talk. They are pledging to deescalate after the deadly clashes. Here is what we are watching out for, not a lot of catalysts. Looking at the dollar, it is very much on the stronger side and youre seeing the likes of the aussie dollar reacting to those unemployment numbers which was a big miss. U. S. 10year yield, seeing bonds that are up as well and the china 10year yield is what we are watching
Definitely a day where some folks have stepped away from their terminals and moved on to this weekend. Mentioning,you were the bond markets closed already. Worth noting that all the major indexes including the russell 2000 closing at their highs of the session. Theyve managed to close out the week with gains. The nasdaq up 3. 4 over the past five days. We still have met with us. Matt, we heard from central thisrs, jay powell, and at point the fed seems content to sit on its hands and wait to see how things shake out as its programs continue to provide liquidity to the markets. What kind of comments from the fed could spark alarm in investors Going Forward . We are about to enter a slower season. I know everyone is stuck at home, but if todays trading was any indication, we are probably going to see a lot of people not participate as much. What kind of commentary from the fed could set people off in a bad way . Things theyf the said are a little bit concerning. President e boston fed ta