This is the second hour of daybreak asia coming to live from bloomberg. Im in hong kong where it is just after 8 00 a. M. We knew the fed may be a factor today, and it was in the markets. Janet yellen surprisingly not surprising the markets with anything different except she did not back away at all from rate rises this year. The markets as we talked earlier more hawkish that the rate rises might come earlier than expected. It was interesting. It was a different story anyway. It was a tell him that she delivered it. Trump or not we are going to raise rates. Much what has gone on here in the markets in asia, lets see how things are kicking off in tokyo and seoul. Know,pondent as you well it is not what you say, it is how you say it. This. Looking at these are the levels where we start off our trading session. 24. 44 you also have inflation coming in slightly below estimates. Dollaryen, 114. 50 was your high. One, a little higher than expectation. Fallingr cured see i am currency i am fo
Solid progress, janet yellen saying growth may have a higher rates, regardless of president trumps policies. Lets get underway, midweek session. When it comes to markets this week, we have shanghai, kuala lumpur starting off their session. A lot of things to discuss, david . David a lot of data coming through. But there was an underlying theme. We had testimony from janet yellen. It is all very positive. A bit more hawkish than expectations. This feeds into the narrative that the Global Economy is doing rough. The data that is come through, quite solid. We talked about china a lot. 144. 19 is the regional benchmark. 114. 3,dle to pass is that takes you back 2014. You have japan all day yesterday, the dollaryen pushing higher. Australia, you have the banks and minor stocks on the way up. Taiwan, a quick mention of that market. They have been up for five or six straight days. , a place ofollar concern for policymakers. The gdp will come up later on. When you look at the start, it has got
Anna welcome to the program, wn and weretdo live from london. Lets get straight to what is happening in the market. The key feature has been the reevaluation of what the fed is going to do in their june meeting. We talked about that a lot yesterday. Overnight, we continue to see this flow of hawkish currency coming from the fed, but the market hasnt been responding in the way that many would have anticipated. The wirp function bloomberg to run these through where fed futures are pressing the market will move and we have a 20 chance of the fed moving in the month of june, or hiking in the month of june. That number has moved a lot. It went up to 32 yesterday, but then it fell again. If the market is supposed to be a greasy on june is a time when rates Interest Rate, why did that contract a little bit . What we have from heard overnight, and also from blackrock that we need to start counting in the fed as a player in june. Also suggesting in one note that perhaps the fact that u. S. Equi
Veteran investor mark moby says helicopter money will be that bojs next move, but may not have the desired effect here and follow me on twitter at rishaadtv, and use trendingbusiness. A lackluster session in the u. S. , slightly to the downside. Here is david. We are not seeing a lot of price action. Equity prices, volume, orex, the dollar on the downside. Equity markets mixed, volumes not quite there. Japan, but a pickup in australia. In china, we will be watching reaction there. The banks report later on. Hp reported last night, very disappointing. How theve a look at tech and computer makers are doing. It was disappointing. You look at sales for hp, personal computers came in flat, printing revenue declined 14 . That is on top of 16 last quarter. Sector inook at the taiwan, you are a competitor to hp or eight supplier to hp. Have a look at some of the decliners. Have a look at some of the gainers. Decliners are doing this, 1. 7 there. You get the picture. That is the story so far. W
Crooks are also the best salespeople. Narrator albany, new york. Realestate Investment Company rivertown Financial Claims to be dedicated to rescuing desperate homeowners from foreclosure. But in 2008, one of the companys employees, tony urbinas, senses something is wrong. Over and over again, homeowners who have enlisted rivertowns help receive notices that their homes are on the cusp of being taken away yet again. Urbinas digs through rivertowns paperwork to find out why and sees one suspicious transaction after another. There was just too much. Too much information that i was gathering that was not registering as being proper. Narrator he uncovers falsified loan applications and title transfers not filed with the county. When he confronts the Company Owner, Geoffrey Goldman, about his concerns, he gets no response at least not right away. A couple of days later, his phone rings. They had called me on a Conference Call to fire me, and they all started laughing at me. And that that re