The slowdown in china continues. The shanghai composite down 1 . It started the day higher, now reversing course, lower by about 1 in the session. Gains in australia. The asx 200 up by 1 2 of 1 . The topix moving as well. The Singapore Strait times index is down by 1 3 of 1 . A lot of movement in the telecom space. And some of the tech names moving. Pioneer is up nearly 4 . 5. 4 . Ta, technology is a theme in the markets. As you look at the hang seng in hong kong, lenovo one of the big movers in the session. Tech defying the overall trend in the market today, which is wait and see. We wait for the fed and the bank of japan tomorrow. Shery Chinese Companies are building up debt at the fastest pace in three years as it gets harder for them to finance growth. With efforts to rebalance the chinese economy, right . Exactly. For the nonfinancial chinese corporations in the past 12 months, a record high. Thats the size of the economy of indonesia. That is despite li keqiangs efforts shery how
They are all here helping us break this down. Unfortunately, this microphone is now on my person. How about we get to some first word news with vonnie quinn. Vonnie thank you. Tog an end to serious syrias war, the talks will begin next month. The talks dont mention the syrian president , western power wants about but the russian power back him. The International Organization for migration is saying that the total is four times higher than oft year, for fifth 4 5 them arrive by c. Encourages the private sector to offer humanitarian aid. Ted cruz is gaining on donald trump in the race. He is four Percentage Points behind. Their rivals are far back from them. Voting starts six weeks from now in iowa. Brees. Ilestone for drew he has given 60,000 career yards, more than four miles. That is your first word update. Matt taking a look at the Index Futures, you can see not a lot of movement this morning. If you look at what happened overnight in asian stocks, we had a little bit of a lift after
Shares are down by 9 , biggest drop since june 2010. The horizon disaster. What is fascinating fascinating about todays earnings, the fouryear net loss of 6. 5 billion was double the loss of 2010 when bp took charge cost link tollion the disaster. Today, fourthquarter profits greater than estimated because of the decline in the price of crude, profit has been low and year on year for six consecutive quarters as oil prices tumbled. We will have the cheese chief executive a little later. Story wasbig earnings switzerland big lender, ubs, down by 8 , biggest drop since august. Rose syngenta rose thanks to a chat game. Big drop in Wealth Management earnings and Investment Banking profit as well. We also have sound from the ubs ceo as well. Betty we will play that, later. Ubs was not the only banks up to report. Bank, one that we dont normally talk about but there are some banks that are actually gaining. The bank in denmark, the biggest lender is going to back back by back another nine poi
Week in the futures market. The nasdaq would be down about 10 102 points and this comes after the dow closed in triple digit negative territory yesterday despite a big spike in oil. We did see another negative session in asia. Of course among the big reasons, new Economic Data showing chinas Manufacturing Sector contracted last month. It contracted at the fastest pace in three years. The official number contracting for the First Time Since february. You can see how the Chinese Markets are he reacting to that. Down about 1. 25 but you can see a sharply reaction in hong kong and shen seven which shows chinas higher growth stocks. Meantime, exports from south korea tumbled by the most in six years so that is also effecting the markets here. Shanghai composite was down as much as 5 before recovering to close down 1 thanchts loo. That looks better. We have to switch the percentages. Soon, now, today i think. Instead of arresting people that are selling stocks like in china. Thats first reac
Most people sent down, quiet part which food and hugs but this boss must have been someone really special because his employees went all out to say good bye coming up in the trend. You dont often see that. That is kind of cool. Hey, in fact, i have never seen it. Weve gone through a lot of bosses here at fox 29, anyway, fox 29 it is monday august 4th, 20 146789 we think one we have is sticking around for the while. We love kerry for her candor. That is right. We have all been around the block at times. It is usually the opposite. Weve got a look at the weather for today. We will start this time with the number of the day, we have select a seven for you today out of ten. We will have warm, sunshine. It wont be excessively hot but it will be pretty warm and humid. You know what they say it is not the heat but it is the the humidity. That is what youll feel to day we will see a pop up or two but they will be isolated. Heres ultimate doppler to show you no rain to look at in our neighborho