good to be with you, i m katy tur. first it was the leaked memo from an air force general, warning his officers to prepare for a hot war with china in 2025. then it was news the u.s. is expanding its military presence in southeast asia, adding four more bases in the philippines on the doorstep of china. and now, the pentagon is faced with a chinese spy balloon first spotted over montana, which, by the way is home to one of the united states three nuclear silo fields. just a moment ago in a series of questions from reporters, brigadier general patrick ryder confirmed the balloon is not just drifting, that china is in control of it. the balloon is maneuverable. clearly it s violated u.s. airspace, and again, we ve communicated that fact to the prc. the fact is we know that it s a surveillance balloon. and i m not going to be able to be more specific than that. and we do know that the balloon has violated international airspace and international law which is unacceptable. we
Bloomberg daybreak australia. We are counting down to the market opens. Treasuries tumble with corporate debt sales flooding the market ahead of the fed decision. Oil surges as saudi arabia and russia extended cuts. Softbank is seeking under 5 billion in a downsized arm ipo that is still to be the worlds biggest this year. Lets get a quick check on wall street. We have only had two u. S. Trading sessions in september. The hope is this september might be different from previous ones because we have had a rally. Some strategists are saying we are going to see a drop from here. We can see now s p futures have opened up and headed for another down session. The two year yield for 95, that might be a little bit surprising. 40 companies tapped the debt markets just today alone. A huge amount of issuance and that definitely weighed on bonds. My take this number with a grain of salt. The dollar index continues to rise and is impacting currencies including the yen which topped 147. Another stron
Posted one of its worst quarters relative to the s p in over a decade. Caroline we will take the pulse of the ipo market as rubrics ipo filing Shows Growing revenue but still losses. We are having the worst day in about a month on the key benchmarks. Tech under pressure. We see once again a fear of the fact that the u. S. Economy is too strong. The Federal Reserve will not be cutting rates as anticipated the Federal Reserve will not be cutting rates as anticipated. More frothy your names we will see a pullback in some of the more frothier names. Bitcoin under pressure. We see the inflows dial back from the crucial spot etfs. There is one stock you are watching. Ed tesla deliveries missed expectations. Thats an understatement. Deliveries, 388,000 in the quarter gone. The biggest myths against bloomberg consensus on record. Where did we get this analysis wrong . The stock is down around 5 in the session. Premarket had fallen as much as 7 . What are the factors that are happening here . I
It slashed its Sales Forecast for its Covid Vaccine and therapies late on friday. Shares not going to be down ahead of the open. Watching apple. Reports of disappointing iphone sales in china. Lets begin with the new week for the market. Its going to have something for everybody. Were going to be on the lookout for geopolitical headlines. Earnings season will heat up. The fed speak calendar, sara, is insane. Its heavy. Theres a lot of them. Whats interesting is that fed speak has moved from hawkish to dovish now for the markets because increasingly, youve got a number of these fed speakers saying, were okay waiting and seeing the impact of our higher rates. Theyre not expressing any kind of alarm or panic over the fact that Inflation Numbers have come a little bit firmer. Cpi last week was firmer. Expectations in the university of Michigan Sentiment number on friday were a little bit firmer, and the data overall has continued to not point to recession, but it does feel like the groupth
Nasz d nasdaq up as well. Oil is up 4 . And we want to look at the defense stocks because those are leading industrials higher. Moves are huge. As you can see, major moves across the sector as we 1k3ek9s to expect to see more demand for the Defense Products and against dollars now both in the u. S. An broad. And also look being at Companies Based in israel, because those are mostly lower today as you can see on this board as well. And lets begin with a bit more now on the human impact of this war. Josh letterman is in london for us with all of the latest. Reporter the death toll among israelis has climbed to at least 800 according to officials including those Nine American citizens that the United States confirmed earlier today were among those that had been killed. And on the palestinian side, gaza health shorauthorities are saying at least 560 have been killed and 2900 injured. And throughout the day weve seen Israeli Military con kductg strike within the gaza strip. And we heard fro