President trump will delay china. Nal tariffs on markets rally on the news of apple surging 4 . The cbsviacom romance leads to a waiting. The megamerger shery breaking news out of south korea. We have the Unemployment Rate for the month of july coming in at 4 . That was as analysts expected. The third month in a row that stayed at 4 . South korea added 299,000 jobs in july, higher than the 281,000 they added in june. The south korean economy and job market being highly supported by government job creation. We are expecting the extra budget set to pass parliament at the start of august to also give more support for the job market. Exportseantime, continue to plunge in south korea, now headed to the ninth month of export declines in august. We have seen the weakness in w theon throughout these the south korean won. In hongrn to sophie kong for a check on where markets are headed this morning. Sophie we have plenty more data to come through from asia including a check on chinas monthly ac
Spotlight later. The japan and korea spat rambling on. They may be forced to retaliate. The latest plan fails to impress. Started withget us a quick check of the markets. Health care tech are some of the biggest decliners. Individual movers like apple being downgraded. Falling after they cut their outlook. We have lingering effects from the data that we saw last week. Had one sector that gained ground, the energy sector. Also rising with geopolitical tensions. Ups see how we are shaping for the markets. Sophie this tuesday, kiwi stocks are up about. 4 . This after mondays broad selloff from a two month high from mumbai to shanghai. Drop since may. Likely crossing their fingers that they can resolve the trade spat. In sydney might rebound a. Ouch with commodity moves oil is under pressure. Rising volatility. We are watching the jump in iron or prices. , we have the today policy decision and india earnings season kicks off. Thank you very much. Lets check on the first word news. U. S. St
A closely watched key Interest Rate announcement the Federal Reserve has does it has decided to leave the rate unchanged in the 2. 25 to 2. 5 percent range but expectations are growing that that set to move fed chairman a drone powell pointed to concerns over weakening Global Growth and volatile International Trade relationships some fed officials apparently expect a rate cut by the end of the year ahead of the feds announcement similar preoccupations prompted the European Central bank to signal it could be ready to introduce fresh stimulus measures to boost the eurozone economy. For more im joined by james hughes chief market analyst at good morning james so james on the one hand you have potential borrowing costs sinking in the near future something that markets usually like on the other hand its against the backdrop of darkening skies for the Global Economy so is this good news or bad news for the markets. Well its going to be one of those situations where we see short term good new
Have condemned the release of the document and said it presents incomplete information. French police have sent reinforcements to the northern port city of culling after a mass brawl between migrants more than twenty people were injured in the clashes as many as five of them with Gunshot Wounds Police say the violence broke out while migrants waited for food handouts from. German chancellor Angela Merkel has warned that there are still major differences between her party and its potential Coalition Partners the social democrats which the parties have set themselves a loose deadline of sunday for reaching agreement on forming a new government its been over four months since germanys election. A father of three daughters abused by larry nasser has tried to attack the former u. S. To nasty doctor in court the father lunged towards nasser after being denied five minutes alone with her nasser faces hundreds of years in prison for decades of sexual abuse. Three strikes and youre out. Buying
Good morning a very warm welcome to Worldwide Exchange on cnbc im wilfred frost live in london this morning lets get straight to the market picture this morning futures pointing lower, quite significantly as welcoming off that fantastic rebound last week the dow was up 4. 25 it sits at 5 away from that late january alltime high last week was an impressive rebound following those turbulent weeks we had seen before that. The s p similar amount up last week, a similar amount away from the all time high. The nasdaq was an outperformer, up just over 5 . Its now 3 away from its alltime high. U. S. Markets were closed yesterday, while we saw a bit of a decline elsewhere around the world. Today playing a bit of catchup to the down side following yesterdays declines if places like europe and asia, but also perturbed by the higher yields were seeing so were down about 165 points on the dow the s p down 17. The nasdaq down 40 points. The tenyear treasury note, yields picked up on friday following