Surveillance. Annmarie hordern and Lisa Abramowicz. Jonathan ferro will be back. However, today we are happy to have brian levitt with us for the hour. Who has been absolutely right at a time when everyone has been looking for signs of greater disinflation starting with data about 2. 5 hours from now. Good morning. We are looking at market that are doing pretty much nothing. They did pretty much nothing yesterday as well. Brian, are you still a fomo kind of guy . Brian i am. Everybodys talking about the fed, they are so concerned when the fed is going to move and by how much. The reality is, markets historically have done very well with the fed on hold and the economy reasonably strong. We are still in a good nominal growth backdrop. I know everyone is going to be staring at that tens place in every inflation point that comes up. I think we are in a place where inflation is going to moderate and these markets are likely to press higher. Lisa at a time when we are at the twilight of the
Haidi you are watching daybreak asia. New zealand preparing to vote on saturday in its general election. We are counting down to the major market open. Australia has just come online. Shery the top stories, asian stocks following the u. S. Lower as fresh cpi data boosting bets on fed rate hikes. The u. S. And qatar withholding 6 billion of funding to iran as they look at involvement on the attack in israel. Australia looking to reject an additional as there are allegations of racism. Haidi breaking news out of south korea, the jobless rate for september coming in at 2. 6 in line with expectations although the labor market has loosened a little bit from the previous month was it stood up a 2. 4 jobless rate. 309,000 jobs for the south korean economy from a year earlier not to mention the jobless rate at 2. 6 is low compared with the 10 year average of 3. 5 in the postpandemic average of 3. 3 . We still have strength in the service sector, although risks remain for the south korean econo
Haidi welcome to daybreak australia. At the Parliament Building in wellington as we count on to election in new zealand. Annabelle we are looking ahead to asias major market opens. Shery good evening from uber headquarters in new york. U. S. Stocks and treasuries fall after the latest cpi figures boost to pets another fed rate hike this year. President biden set to make a formal request for more foreign aid next week as israels war with hamas rages on. The u. S. And qatar are holding off a disturbing 6 billion in funds to iran. Haidi we are live in wellington ahead of the vote on saturday. The polls showing new zealands Main Opposition Party is poised to form a centerright government. Australia looks likely to reject an indigenous voice to parliament after a campaign that has descended into division and allegations of racism. Shery u. S. Futures coming online in the asian trading session. Muted after we sell stocks and treasures falling in tandem today. We had bank stocks also underper
The uks antitrust watchdog strikes again with an investigation into amazon and microsofts cloud services. More concerns u. S. Tech giants could be abusing market power. It is day two in the historic ftx fraud trial. A look at the crypto hedge fund. In this hour we have an exclusive conversation with them for it with San Francisco fed president mary daly from the Economics Club of new york. First lets check in on the markets because it is about the Federal Reserve that is currently affecting the market. The macro picture being the jobs data is still looking strong. We see selloff in the nasdaq. The nonfarm payrolls data coming up the jobless claims. Two year yield recovering somewhat. Stabilization in the bond market. Still above a 5 level. What is there for the risk appetites when we have highyield . The dollar stabilizing. Lets look at some of the individual movers. I am looking at micron, up. 6 . They be that is because Samsung Electronics managing to boost the price of their own mem
Ferro, Lisa Abramowicz and annmarie hordern. Lets get you to the weekend. Live from new york city this morning, good morning. This is bloomberg surveillance. Amh has started social be back on monday. Equity futures positive by 0. 7 . Alphabet and microsoft, they do not need rate cuts from the Federal Reserve. Alphabet we are talking about beats on the top and bottom line. Throwing a dividend an extra 70 billion Share Buyback. Lisa i was trying to put this into perspective because its one thing to see a random share gain 11 . Its another for it to be google. Those what 400 billion combined. Thats almost equal to walmart. Its basically to mcdonalds. Its unbelievable to see two names dominate in this way. Jonathan very happy with himself he will join us in about 10 minutes time. He says this is the mid 90s not the late 90s. For tech stocks. Lisa essentially this isnt just nice words about how Artificial Intelligence make robots cook our dinners for us this is about them expanding their Cl