Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Haidi risk off mood in asia. Treasury yields higher along with the dollar. U. S. Crude prices hitting a fresh one year high with shrinking stockpiles in the larger storage hub spilling demand for physical barrels. In battled Country Gardens takes a step towards restructuring its debt after narrowly avoiding default. Shery how u. S. Futures are trading early in the asian session, marginally higher at the moment after stocks finished mixed in the new york session. We have the s p 500 fluctuating throughout the session, just to finish where it started the day. At least, it ended up erasing some losses we saw earlier in the session after President Biden counted Artificial Intelligence. We have the vix declining a little, still at the highest levels since the end of may. We have the nasdaq 100 outperforming today. We saw treasuries slumping again today.
Shery youre watching daybreak a show live from new york, sydney and hong kong. Haidi the top stories, asian stocks are lower as volatility ratchets up. The dollar is extending gains. Tesla in the crosshairs as a beneficiary of subsidies. The ftc is accusing the ecommerce giant of monopolizing services in challenging sellers. Shery take a look at futures. Muted moves after the s p 500 fell to the lowest level since early june. We are on track for the worse month this year. The fear gauge is climbing above its average to the highest level since may. Investors are digesting data with Consumer Confidence following read treasury yields drifting. The 10 year yield at 453 levels, decade highs. Weve been watching the upcoming preferred gauge of inflation, that will be one to watch in terms of the fed and a potential shutdown leading to safe haven demand in the dollar index at the highest level this year. Seeing its longest winning streak since august. We continue to watch oil prices as well. H
We are counting down to asias major market opens. The top stories this hour, u. S. Stocks sink to the lowest since early june as Consumer Confidence tumbles and volatility ratchets up. The dollar extending gains for a fifth day. The empty seat sues amazon accusing them of monopolizing online Marketplace Services and overcharging sellers. A likely end for sherry of chinas ev subsidies. The s p 500 fell in the u. S. Session with the slump deepening in the afternoon. It is on track for the worst monthly performance of this year. Tech giants declining again. We also had the vix topping the 200 Day Moving Average at the highest level since may. We are following the developments around tesla with sources telling us the eu antisubsidy probe into chinese cvs will focus on to what extent and whether chinese china has subsidized tesla and others. Consumer confidence slumping. Traders had to think around what that actually means for consumer facing stocks Going Forward as treasury yields drifted
Are trying to bring back the excitement of their early days. And andrew yang who has been crowd surfing and doing dance classes says he has Something Big and unprecedented in store for todays debate. He already said those two words, gold chain. We have been following these. Andrew yang, gold chain, do you have any idea what he will do . I dont, the suspense is killing me, too. Elizabeth warren is probably not going to be on the attack tonight. People may not know about her. She has texas roots. When he talks about bankruptcy, she started learning at u. T. Austin here in texas. So there is an attempt to push a personal narrative. One strategy said that if joe biden paints a picture of a moderate world going moderate years. That is still a contrast even if it is not an attack. I will say it is interesting, she put out a new policy plan and there is the politics of the plan that really caught my attention which she is talking about expanding security. She was often at odds with it and the