Record high amid massive inflows into Exchange Traded funds. The state of Digital Currencies amid that rally. Caroline apple facing weak demand for the iphone in china. The recently slashed the price of the latest model. We will discuss that and more. First, lets check on markets. The macro field to the day the pce deflator what is the Inflationary Pressure the Federal Reserve is looking at . Came in, in line with expectations. Write for the Federal Reserve therefore to be pausing on rate cuts. A relief to the market. We see 10 year yields come down from four basis points, down across the curve. Im looking at a volatility and a fear gauge that strengths shrinks less than a point. Look at what you are just outlining. Where the action has been is the technology, bitcoin, up 4 , 63,000 the previous record in november 2021. Where are you looking in the micro . Ed a lot in the earnings. Snowflake is the big mover, down 18 , but on track for its biggest drop on record. Two pieces of news. Th
And Anglo American is agreeing to split or selloff some of the company as they fend off a takeover from bhp. Round two. The single post from the Roaring Kitty social media account reignites the craze with the gamestop losing almost 1 billion in a single the session. All right. Where are we with the market picture today . We are pretty much flat waiting for the cpi data from the United States with the ppi, of course, anticipated this morning. That will be another key focus and normally getting the ppi data before the cpi data from the United States as well way indicates we will work out the pce data very soon. It is a lot of the Economic Data markets are focusing on although you have a host of earnings numbers still to really go through even out of europe as we have been speaking about rheinmetall. We have bayer with earnings and hanover re with numbers out this morning. We have a lot in europe and the tech stocks from the asia region which we are looking at with tencent and baidu and j
Deutsche bank slides as the leader warns of a 1. 3 billion euro hole. Japanese currency rebounds sharply after passing 160 to the dollar with the traders citing official intervention. Secretary of state Antony Blinken touches down for fire stalks we will hear from the saudi arabia economy minister in just a few moments. Welcome back to street signs. It is a positive day across europe green on the board the eurozone riding a wave of momentum in part due to optimism from ecb cuts. Take a look at the stoxx 600 up over. 13 . The best day since january and the first winning week over the last month up. 13 . We will take a closer look at the boards we will start with the ftse hitting the fresh record high. It is continuing to power past the 8,000 mark up. 50 . We are taking a look at the cac 40 bnp is on the top of that board. And it is important to note that the dax is in positive territory despite Deutsche Bank weighing down the index well is have more on that in a moment basic resources i
Live from bloombergs u. S. And asian headquarters. I am betty liu in new york, it is after 7 00 p. M. Shery it is after 7 00 a. M. In hong kong. I am shery ahn. Injured aftermore a van hit pedestrians in one of barcelonas most popular streets. Two have been arrested in Los Angeles Las ramblas. Spain has a history of terrorism. Passengers were killed by bombers in madrid in 2004. There are rumors gary cohn would be resigning as President Trumps top advisor and not to mention the political scandal going on. That is leading the markets. They took a big hit overnight. Betty they absolutely did, as you point out. It was interesting to see the terror attack rattled investors. But it was gary cohn and his possible departure that hit the markets. I want to pull up a chart g btv 360. It really tells the story. We saw the second worst day in terms of the drop of the s p, down 1. 5 today. The second time it has dropped more than 1 since last thursday. We thought north korea would continue to domi
After the bell. Julie, what have you got . Julie a loss per share less than half what analysts anticipated, so the loss of five cents a share, and analysts have been looking for a loss at . 11 a share, so that is the good news. However, revenue coming in a little shy, 128 million that analysts had anticipated, and the company said they had almost 140 million unique users in march, so those are the headline numbers that the company is coming out with. Remember a few weeks ago, zillow came under fire by traders, and that is after the company talked about its numbers would be lower than had been estimated, it would take longer to get ftc approval for the trulia purchase, and one other note the stock is not trading yet. It was halted ahead of the earnings report, and it is still not trading, emily. Emily Senior Market correspondent in new york, thank you. I went to get to our top story verizon buying ale well for 4. 4 billion, and here is the aol Ceo Tim Armstrong talking about the deal on