Im wilfred frost. Good morning to you. Lets look at global stocks this morning. Starting with u. S. Equity futures. It really has been a tale of earnings especially on the dow. Yesterday pulled up by procter gamble, pulled lower by 3m. Dow futures under pressure to the tune of 62 points. S p 500 futures down about 8. Nasdaq down about 26. As for the tenyear yield, we are going into a heavy batch of Economic Data. 176 is the yield. Thats sort of in the mid point of the range that weve been seeing, 170 to 180 a few weeks ago. See if we can climb over that threshold. The betting odds are that december is a go. November not so much. Exactly right. Yesterday we did see in terms of quantity more beats in the Earnings Releases that we saw than misses. But there was some high profile misses on stocks that Consumer Confidence data also had, also oil prices slipping below 50. Apple after the bell a big weight. Thats a factor on futures. Lets look at european equities. Theyre in the red. Quite si
The markets relatively flat, the lie, a lot of news today whether its politics, earnings, Central Banks and apple a strong gain for apple shares profited estimates and company says that iphone and ipad shipments were better than expected. Josh lipton talked to tim cook and joins us with more this morning. I feel fantastic about how the iphone did. Thats what ceo tim cook told me about the products performance in q3. Investors also seem encouraged breathing a sigh of relief this morning and thats in part because the pressure on the iphone isnt getting worse. In q3 units were down 15 . Its about the same as q2 and now looking ahead theyll be down 8 in q4 and the se is attracting a whole new group of apple fans. One point of concern in the quarter, Greater China down 33 . Cook acknowledging near term concerns there including economic weakness but on the call he sounded bullish about the longterm. We opened our 41st Greater China retail store during the quarter and also made a 1 billion in
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Japanese stocks were in
focus at a hedge fund conference this week, accounting for most
of the top Asia investment ideas as asset managers highlighted
Japan Inc s efforts to improve capital efficiency.