Reinforce a sobering message. Bloomberg technologys says apples new iphone features equipment that is best in class. We are seeing u. S. Futures under pressure, down. 1 present. 1 . Make a comeback after dropping about 1 as we services readings. It managed to bounce back. Investors bet more said action will be needed. We have the 10 year yield falling for a sixth consecutive session and headed towards 1. 5 . Contact leslie gains with the nasdaq gaining more than 1 . Sophie. Sophie futures are looking mixed as the regional benchmark is set for a third weekly loss. In tokyo, we are watching for reaction to reports that the u. S. Japan trade deal will take effect on january 1. President moon is to meet with the chiefs of four business lobby groups. He will meet with investors to explain the state of the economy. Switching the board to check in on bonds this morning, we have aussie 10 year yield slipping below 90 basis points, and the kiwi 10 year yield is below one percent this morning. A
Welcome to daybreak asia, to you live from new york, sydney, and cutting down to the major market opens in asia. The top stories issue sops up ahead of the u. S. Holiday, traders looking at jobs reports and putting bets that the fed is near the end of the tightening cycle. Country garden said to have made a payment on a bond with a separate you on no. And softbank lining up biggest customers as Strategic Investors for their multibilliondollar chipmaker ipo. We are seeing some Downside Pressure today, but muted after the s p 500 saw its best week since june. We are in the Labor Day Holiday weekend in the u. S. , heading towards thin trading. What akin to friday it was interesting because u. S. Stocks rose but they faded after an initial rally as bond yields started climbing. We have a Strong Manufacturing number offsetting that optimism from the jobs data which showed more than of a controlled cooling which could perhaps lead to the fed pausing on its tightening again in september. We a
Highest level, they have pulled a bit lower. And in the markets, we are also seeing how investors are grappling with the speak about how loretta, saying three rate cuts this year might not be appropriate still. Now we are seeing the hang seng being driven lower, it is dragged today by ev makers as lee otto missed on earnings and the nikkei is the outlier today, helped along by insurers. Japanese yields, the tenure continues pushing towards a 1 . Dollaryen not helped by that. Its pretty much a dollars story. Lets flip the board and take you to south korea. As we wait for those nvidia earnings, we want to focus on two of its suppliers in south korea. Sk hynix and samsung. As you know, sk hynix, the smaller of the two, is really outpacing in terms of its share again this year versus samsung because of its edge in the high bandwidth memory market. And i think investors have been concerned about that to their end. We see today in announcing its replacing the chief of its chips division. Fli
Noon. Good afternoon. Im gasia mikaelian. Governor gavin newsom is holding a News Conference right now on his revised budget for the upcoming year. Ktvu Jana Katsuyama has been monitoring this developing news. Shes live in our newsroom with more jana garcia. The News Conference started at 11 00, and the governor is still laying out his plan and talking with the press. The governor was very specific about what the problem is. He said that the revised budget is lower than his original 310 billion budget that he first proposed. This may revision is just 288 billion. He says that tax revenue came in well below the projected levels, requiring cuts and pauses in spending for programs that were originally expected. He says the state now faces a 27. 6 billion deficit, which means budget cuts and delays. The solutions were about to set forth are overwhelmingly supporting existing core programs without short cuts. And i say overwhelmingly, not exclusively, because im not naive. There are areas w
Those current temperatures here in just a moment. But for the afternoon, 10 to 15 degrees above above average, some of our inner east bay could actually be a little bit warmer than yesterday. Before we all cool it down in time for the weekend, ill have a better look at the Current Conditions and what we can expect for your mothers day weekend, as well as the extended forecast coming up in just a little bit at 4 00. Lets check the highways on this friday morning with sal. Good morning sal. Hey rosemary, good morning to you. Were off to a nice start. I like what we see here so far. And sometimes on fridays we do get a little bit of a break. You can see the bay bridge looks very good with no major issues here. Also looking good at interstate 80. And were off to a nice start on san joses freeway system too, so it may not stay this way, but right now were doing okay at 401. Lets get back to the headlines. Thank you. Sal. The city of fremont announced it is the first in the country to have i