Tracking brexit law after the House Speaker blocked his bid for a monday vote. Kathleen the first polls are closing this hour in the Canadian Election. Prime minister Justin Trudeau looks set to retain power but lewiss parliamentary majority. Onto the markets and australia, where they have just opened. Sophie, what is on your radar screen . Sophie building on mondays gains, up about. 1 . Aussie bond yields are set for a fifth day of gains. Holding onto a fourday advance. We have plenty of updates from australia, including from Whitehaven Coal and oil. We are watching bhp this morning. The stock gaining ground, asding 35 this morning hile arein c preparing to halt operations. He restocks set to snap a threeday job. Drop. Over in korea, we will be watching for president moon jaein to delivering his budget speech later to the National Assembly this morning. The economy comes under more pressure this morning. We have Producer Price data from south korea showing further contraction, falling
The latest trend in fashion. , whichs a trend growing are u. S. Companies bringing their cash back from abroad. We know apple is the big one. They are going to be bringing billions of dollars back, which means theyre going to pay 38 billion in taxes. And that is really, for lawmakers to pass the tax reform, that is the eyes on the prize. They have built up this much money overseas, when are they going to bring it back, and how much is it going to bet go back how much of it is going to go back to the economy. In creating jobs, which is most important to the white house. Those numbers that were highlighted in the press release if you look underneath the hood, theres questions of how much is going to be repatriated back and where it is going to go . A lot of the money is in the denominated dollars. And will other Companies Follow as well . In the meantime, another note on that, apple is spreading the joy, with employees getting bonuses. We also have overall stocks up, and a wild ride that
Says those affected by last weeks hack will be reimbursed. Betty it is a gamble on the bitcoin markets, but sometimes with the ball wrong you feel like you are gambling if you are buying into the bull market. Busy thisbe extremely week, lots of data in the u. S. , john stayed on friday, the fed meeting, Janet Yellens last, and i want to pull up this chart. 9379, it is really on peoples minds. He melt up so to speak it shows you historically that if you look at what happened with other bull markets, this is the one that ended up in the crash in the 2000s, and this is the 1920s will run that ended in the huge crash in 1929. We are not even there yet. If youre looking at patterns, were not even in the melt phase these longer bull markets were in, it could be some reassurance for those who believe we are at a peak. Yvonne its quite interesting, you might not be able to call it a melt up. The stats are incredible, the s p has been traded within 5 of its record high in 399 days. We have not
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