Front. Caroline the question is whatd you miss . Data shows that the u. S. Retail sales rose in september at the fastest pace in three months. Numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with Industrial Production on fire. When you look at the big picture, joe, economic reports confirm that china needs the u. S. And the u. S. Needs china. Their economies are linked handinhand on the industrial and consumption levels. There are many issues between these governments, that we would see. But there is a link between the two economies and it is remarkable. Joe it is pretty striking because so much of the story of the economy, the Global Economy some overproduction in china, it is the opposite. You see this in our charts that Cameron Crise made. Industrialine is recovery of precrisis levels, very impressive. On the consumption side, it is very far below precrisis trends. Chinasuction side of economy is roaring back a lot faster. Ca
His big tech hitting two big is big tech getting too big . Shery we are seeing u. S. Futures slightly higher, up. 1 , this after we saw stocks falling in the selloff in tech intensifying in the u. S. With the fomc leaving the markets and a Little Information lot of questions about the state of the economy and the recovery. We are seeing japanese futures holdings that he at the moment. At this of course as we head for the boj decision. Really not much change expected right there. Stimuluscy to step up receiving. We have a new cabinet in japan as well with the new Prime Minister su,gaga. Right now, under a little bit of it has reached the 105 level. Key restocks gaining. 25 . We have Second Quarter gdp numbers coming in sightly better than expected, but still, the worst contraction since the great depression, down 12. 2 quarter on quarter, haiti. Haidi haidi. Haidi the Federal Reserve pInterest Rates near zero. Interest rates near zero. Ever evolving to medications strategy it unveiled l
Company ipo in a year, if approved by President Trump. Is this ride hailer. Eeking to shore up cash haidi lets look at how we are setting up for the final trading session of the week in asia. After a pretty lackluster session, we had u. S. Stocks passing some of those parsing some of those losses, still dropping for a second day but finding support after bouncing off the 50 Day Moving Average on the s p. S p futures seeing a little positivity on the u. S. Fridays session, about 0. 2 higher. Tax leading the client is apple, facebook and peppe microsoft are weighing on declines. We saw a Little Movement in treasuries as well. In asia, the nikkei 225 is seeing an upside, 0. 1 when it comes to futures trading in chicago at the moment. Dollar weakness yen strength will be an issue, the. We have the yen appreciated to the strongest level in six months across broad dollar weakness. The u. S. Dollar index falling for a fifth straight session. We are also keeping watch on the dollar and how it
A gut punch for the tech sector. Apple is the latest to pull the inperson events. Its worldwide conference will and a red online only ashless society fear of the virus via the greenback. Well talk to the cofounder of square. Take a eantime, let us look at how wall street ended, this wild week. I have no words. Erased all of the losses that we had on yesterday, look at this, s p having its 20008 and tech really one of the big outperformers here followed by as you can see, 13 basis points. At one point it was above 1 96 basis about points. South of the border with volatility this week, it was all at one point, we had a 75 on the vix, coming down to 57. And crude, a supply and demand in there above 30 a barrel. That means a bloomberg commodity made up of a lot of energy, you are getting the weakest levels you have seen 2016. Since it is all about king dollar, the safe haven bids investors rushed and the bloomberg dollar index now the strongest in almost three years. That we sawet moves th
Spender. We breakdown numbers from facebook. And tictoc with digital ad dollars producing eyepopping numbers. We will do deeper. But first, the spread of the coronavirus rattled Global Financial markets, bringing them to their lowest level since the financial crisis more than a decade ago. Reporter thats right. Stocks with the worst week since 2008. It started as we saw the coronavirus fears really take over. As we see more investors repatriate their money pulling out of the u. S. Haven assets, of big difference at the close, with the nasdaq turning positive. Tag as a lastminute tech bid for the nasdaq, if you can believe it. Bank stocks have been driving the market, as we see. A big hitter i want to Pay Attention to is apple, apple up us the ceo coming out and saying the coronavirus should not make a huge difference in terms of moving supply chain, but still reading concerned about revenue guidance. This. A divergence from we have seen this as the supply chain really gets hit in south