Falling back below 2 . As i said, the s p 500s essentially flat at this moment. The dows just lower the nasdaq down 0. 1 the russell looks down a full percent as regional banks down almost 2 . Joining us for the hour today to break down the Market Action is steve grasso from stuart frankel. Great to have you with us. Good to be here whats your take on this sort of softish session only a day or so after great positive trade news . You have a holiday week, so you have a shortened, abbreviated week you have people looking for either you had a rebalance on friday, you had end of quarter, end of month, end of week. People are starting to take a big, deep breath in. Seeing where they want to reassess, and and redistribute their Equity Holdings its all about the fed people are on fed watch right now. Thats really the only thing that is taking up the brain of a lot of the Market Participants right now. Even though trade is all over the headlines, its still fed. Fed still cut, but the trade tru
Day. Its been up closer to two thirds on 1 ago led by ai chip leaders brought, and nvidia, the ai winners and consumer and financial names celebrating the j Paul Press Conference yesterday. Potential soft laughing landing. Index will be higher still if not for the drag from apple. That takes us to our top take. Antitrust threat to apple, the real thing. How might you change the equation more broadly . It protects market leadership at our tech correspondent stephen apple shareholder are here to stop that. Lets turn to steve for the details of the case and, steve, its a broad one. Thats why we are seeing the reaction to shares that we are seeing today because, look, this covers just about everything apple makes. Talk about imessage, sera, apple tv plus, the advertising business on and on and on, they make a case, the deal date does that just about everything apple does is designed to keep people locked into the ecosystem and upgrading their iphones and hindering competition whether that
Ed you are watching daybreak asia live from new york sydney and hong kong. Haidi counting down to asias major market opens. Paul u. S. Inflation signals complicate the fed outlook. Penciling in a first rate cut by mid 2024. Sx traders are back on the yen intervention watch. Country garden to suspend trading for monday in almost a dozen onshore bonds. Softbank reportedly in talks to buy the rest of chip designer arm from its own vision fund. Shery u. S. Futures early in the Asian Session seeing upside after the s p 500 struggled for direction in the friday session. It finished at a onemonth low. Really after fluctuations between gains and losses, big tech led the declines. We had the nasdaq 100 seeing the longest losing streak on a weekly basis this year. Big tech pressured the markets, not to mention investors were really trying to digest Inflation Numbers, whether it is Consumer Inflation Expectations unexpectedly falling. Producer prices surprising to the upside pressured the treasur
2. 2 on the hang seng sessions. That should take us below the 100 day moving average. Jakarta, nothing much so far. It would take the trunk of Southeast Asian markets. We should be looking at some steep losses. Mse i china down to percent. We are watching out for that. The bonsall of taking place separately. We are softer in crude but it has not been solved for seven weeks of gains on this. Yvonne it is interesting. When you look at how the little space everyone has been pressing down the slowdown in china. Youre not seeing that and it will markets. We will demand in china is looking strong given the pent up demand in travel. Maybe that is the bright spot to the commodity space. Look at Country Garden, this is the story that keeps on giving in some ways. Your of Morgan Stanley same default risk is moving. All those gains we sell post politburo have evaporated. David s they are on the csi 300 which should be at 3800. What is the price target of Morgan Stanley . Yvonne . 75. David 75 mor
Hard left characters like the chris williamson. No, this hard left characters like the chris williamson. No, this is real. On another day, this would be the big story. Rwanda costs soan the big story. Rwanda costs soar. The government will have to pay £370 million under the uk, rwanda partnership, according to new reports. Can according to new reports. Can sunak salvage the scheme and is it worth the money . And uk eurovision release our entry to the music showpiece event Olly Alexander releases his song dizzy. Dizzy. Well, we have better look this time. So we have got a lot to get through in the next 2. 5 hours. Its 2. 5 hours. Well, it is actually and you know what . Its not only rochdales, not only rwanda. The im a bit concerned about gerry halliwells marriage because her husband is still in hot water. Well talk about this growing f1 scandal and let us know your thoughts this morning. Views at gb news. Com is gb views at gb news. Com is the address. First, the email address. First,