That may not be so easy. The s p 500 down 0. 5 . Chip stocks playing a part, which has the nasdaq down even more than that. 10 year yield bouncing up a basis point 02. 2. 01 earlier. Apple got a downgrade at , now with sell ratings at five analysts. Lira moving since resident erdogan this mist the Turkish Central Bank governor. Guy we are going to talk about that later on. Lets talk now about the Deutsche Bank story. Christian sewings plans for Deutsche Bank, the ceo says the company is going to return to its roots. It is going to exit its equity trading business to contribute to the banks workforce being slashed by 1 5. The Market Reaction today, shares falling in frankfurt come the some analysts saying targets of the plan will be hard to achieve. The company cfo had. O say sonali basak joins us now. Deutsche bank wants to return to its core, but getting there is going to be a difficult journey. Sonali even with the execution risk we are seeing here, the goal is i 2022, 8 return on ta
Made on thursday. Welcome to daybreak asia. Im paul allen. Im betty liu in new york. Story in thejor markets. In the very early morning, leading up to the meeting and digesting everything janet yellen was saying. He bump up in growth. This forecast and Economic Growth here. The job market is still continuing to kind of slug along percenting that three forecast for 2018. A lot of scratching the heads as well. We have strong broad jobs growth. And theres Janet Yellens legacy to think about as well. I have a wonderful piece of trivia for you here. Finalll have the lowest Unemployment Rate of any fed chair since William Martin of 1970. We can have a newfound knowledge of said history. Fed history. I found that out from someone else, by the way. Weve been trading for a couple hours now. Slightly weaker, up. 2 , the kiwi dollar breaking above . 70. Trading in australia just getting underway. It is difficult to get a gauge on how the asx is performing because we have the staggered open here.
Asiapacific and next. Treasuries not trading right now with japan closed and the bloomberg dollar index pretty much recovering from the losses yesterday. That is the big picture. Heres the aussie dollar. We are down. 2 at the moment, retaildown after the news. Than 1. 4 , orre of 1. 4 made sterling hit a multiweek low. This is a bit more of a technical chart showing cable below the 100 Day Moving Average the trend lines converging. That is some thing to keep an eye on with sterling. Finally showing you bitcoin and its breakneck rally. 7244. Now above manus is now the time for tax cuts . Comments came as the republicans released details of their tax overhaul plan. The Federal Reserve has to again extract us from the extraordinary measures that were is what people are quite obsessed about. I think that is going to occur and i dont think that is dangerous. We have to prepare for a cycle where rates rights. It is a long time. Interest rates have been low. Inflation has been low. Money arou
Higherlevel employees. The committees that oversee hong ,ongs Financial Sector lawmakers want to know how the Hong Kong Exchange and its regulator will protect investor safeguards. Global news powered by 2700 journalists and analysts in more than 120 countries. This is bloomberg. Markets in hong kong coming out of the break, a snapshot of how we are doing. We will have an update and one half hour. This is bloomberg. Emily im emily chang, and this is bloomberg technology. Of theeats estimates Fourth Quarter as the iphone x starts worldwide sales. The clock winds down to the of this will start the official start of the iphone x era. Alibaba plans to go full steam ahead the rest of the year. Business helps double revenue. My conversation with former twitter ceo. His take on Holding Big Tech accountable. And intensifying the crackdown on trolls and bots. Our lead is apple out with quarterly earnings. The Company Quarterly sales exceeding expectations. This is apples most important Product
Anna warm welcome everyone to this is bloomberg. Bloomberg daybreak europe. A lovely piece on the bloomberg. Takeould be watching it back to basis. What are you looking at . You are looking at a momentum shift. It is about the short positions. Aree funds and speculators the most bearish on the dollar since 2013. This is aggressive positioning. Positioning is building. That represents a swing. This goes from along the dollar ranges. It is down to trumponomics. The hedge funds are well aware of the hawkishness around the fed. Maybe some of the surprise index, related data coming through, or the white house over delivering. Their ability to pass through legislation. Lets leave the dollar and get through the other asset classes. Lets go to the risk radar. Equities asian equities are up. Low volumes through the asian session. Chinese stocks bucking the trend. We have lots of earnings to wait for, from the likes of pepsi, j. P. Morgan. Eye on it. An it will come down to whether the bank of c