Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and other factors as well. Japan has got the boj releasing the summary of meeting minutes. Investors will be passing ove
Haidi welcome to daybreak australia. Annabelle we are counting down asias major market opens. Kathleen good evening from bloombergs World Headquarters in new york. Asian stocks set to start the week under pressure following mixed signals in fridays jobs report. Fresh inflation prints coming out in the u. S. And china. Haidi israels Prime Minister tells us he will not pursue the entire judicial oversaw initially planned tray saying he is trying to with store balance. Cap Kathleen Warren buffetts profit gains. Haidi the week were taking a look at u. S. Futures. The focus will be on the fed given the commentary from two fed officials and a jobs number saying if we see a sustained weakness in jobs data in the u. S. The fed may have to start thinking about pivoting. We are seeing u. S. Futures looking modestly higher. S p futures up a 10th of 1 . The big story is going to be will we see a seventh straight week of gains when it comes to crude . The bti getting 20 over the past six weeks as w
Joining us now is the close markets the Global Market strategist at nova scotia nov esco. Where are you now on that call given that a lot of people are starting to say, it is a bull market and we may have to live with that and perhaps we can look elsewhere. Are you looking elsewhere are you looking elsewhere . The market is broadening and moving into value valuable parts of the market so it is not just the very narrow market that you saw in march or may, you are getting a sign from markets that this is healthier and there is more participants and so far, the earnings for the Value Oriented Companies have been good . Jon is he getting less bad or is the outlook for the markets improving . Things are moderating and that is what you would expect in this part of the cycle but what involved but a lot of investors missed is that the market priced this last year. 11 months ago, we were down ninth 9 in 13 months so that was a market that had already assessed what was likely to be a weak econom
Tomorrow at midnight in order to avert a Government Shutdown just ahead of the holidays. The house took a first step by passing its spending bill. But theres still more that has to get done. Kayla tausche is following the story for us from washington. Kayla, what happens now . Reporter now the senate needs to pass the bill, sue. Theyre considering it as we speak. Well let you know when that vote comes in. Republican rand paul has voiced opposition over one of the t its unlikely that that will sway enough lawmakers to vote against it. Its expected to pass. One of the sticking points left, what are they fighting about . Repor senator paul is really not a fan of one of the provisions that lifts spending caps in order to provide the funding for the deal. He thinks the country should be more fiscally responsible. This bill, because its streamlined, it doesnt contain many of the addon goodies you normally see to win lawmakers over. In fact leadership wasnt able to offer democrats anything ex
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