Next week. The brexit drama. Boris johnson skipped a News Conference as his host says the u. K. Is not serious about talks. Shery lets get you started. We are seeing u. S. Futures slightly higher by. 1 . This after the s p 500 slumped the most in two weeks. Coming after President Trump announced an initial trade agreement with japan. When it comes to the safe haven moves we saw in the last session, we had wti crude higher, the biggest gain since february of 2009. Those are being reversed with gold futures getting pressure, down. 3 . Not to mention, wti holding above the 60 per barrel level but still under pressure, down 1. 5 , this after jumping 13 in the previous session, given the previous attacks on saudi arabia and Oil Facilities. Lets see how things are shaping up in the asian markets. Sophie there may be impetus for Risk Appetite after the mixed session we saw on monday when Energy Shares rallied while Financial Firms led declines. U. S. Japan lines on the trade deal being narrow
Why Tech Companies in the United States are hoping president trumps political problem could be there again. It is official. Wework is pulling the plug on its ipo, at least temporarily. New ceos coceos of the company want to focus on its core business before going public, which they still plan to do at some point in the future. Wework has been burning through cash. It is now planning thousands of job cuts and will put several of its businesses for sale. Ellen, i want to start with you. This story has been evolving dramatically over the last few weeks. What is the latest from this morning . It is official it is official. The ipo will be put on hold. That confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. They are going to be spending the next few months with these new coceos, trying to show wall street, you know, we are going to cut back on expenses. It is no longer going to be a c
Do not finish higher. Facebook and google, alphabet really bracing for antitrust probes. You can see the shares down 1. 8 . Allon, netflix and alphabet lower. The overhang of big tech being regulated has weighed on this. Lets put this into the weekly. Something did happy, the faang the closing back. Back to 2015 and a high of 2018, the complex rising 170 . Incan see from 2018 stuck this range, the facebook social media rose, the regulation fears, now down 10 from the recent highs of big spreads for what the s p 500 is doing. These have got to get on board if the s p 500 will continue climbing. This chart is not so bullish or bearish. It is stuck sideways so it will be interesting to watch. That has notething been stuck sideways is the bond market. I want to bring it back to that space because when you have conversations about the slides we have seen in yields, many bring up supply and demand dynamics. The idea that there are so many negative yielding bonds overseas that if investors ar
Encompassing the stock markets and generally, we are seeing. 5 to the downside. Bossuropean central bank suggesting the door is open in perhaps september or thereabouts. In august, they are off on holiday. People factoring that in as but they bad enough, want something straight away and didnt get it. A raise and then settling down to be unchanged at 1. 11. Brexit, the European Commission saying they will not give Boris Johnson an olive branch and renegotiated deal. That hasnt affected things but given the makeup of his cabinet, the path ofeeling least resistance for sterling against the dollar is to the downside. Yen, stable 108. 64. U. S. Dollar index, unchanged at the moment. Lets find out what is going on. In sydney, weve got paul allen with the first word news. China is dismissing the claim that deliveries involving huawei products are simple mistakes. Chinese authorities also suspected fedex of holding up u. S. Bound deliveries involving the equipment. Last month, fedex said it ca
More bumps in the road for nissan. Planned job losses after profits fell 99 . Shery lets get you started with a quick check on how markets closed in thursdays session in the u. S. The dow falling to the lowest level in two weeks. Tesla and for taking a hit on weak results and earnings. The nasdaq falling the most in a month. Has stellar earnings, but because of the ftc probe, Market Sentiment was not too positive stock. We have the s p 500 losing. 5 . Investors did not like the president of the ecb. Was not as dovish as they expected and that weight on sentiment as well. U. S. Futures at the moment unchanged. Lets see how things are shaping up in asia. Sophie we are setting up for a riskoff session. Kiwi shares resuming losses. Cost they could come under pressure. Earnings in focus. In southings data korea sliding further in july. In sydney, the asx 200 may snap a gain. Switching the board to check in on bonds that rally in aussie debt how much upside may be left as we are getting more