Misses forecast. The depressing demand for smartphones. Later, we will have more on the earnings but first lets get you started with how markets closed in the u. S. On this tuesday session. Later, we will have more it was stocks down, yields down, risk obsession for the markets in the u. S. This of course as we have seen investors cautious of the gathering on thursday, Getting Started and gearing up for what could come out on Monetary Policy changes. That led to more concerns on trade tensions as well. The s p 500, we saw every sector in the red. We have materials and financials leading the decline. That halted the threeday rally. We also had a pretty mixed picture for u. S. Retail earnings. A big week of earnings for u. S. Retailers. 4 e depot surged more than on signals that we could see a stronger second half. In the meantime, the nasdaq fell 7 10 of 1 while the dow fell. We are waiting for the minutes coming out on wednesday. U. S. Futures unchanged so lets see how we are setting u
Government has fallen and we have a possible new coalition on the table. He will talk about a german bond auction. David we have a 30 year and they will test the market today. On top of australian markets, they sold 800 million worth of debt. Average yield below 1 . It seems the bond markets are pricing in more easing and the world gets worse from here. Our guest is with us out of singapore, head of asianpacific economics. Our things likely to get worse before they get better . Well, it is certainly a very challenging outlook. Exports in have seen the economies are feeling the impact of the collapse of trade volumes and it is not only about trade. We have seen persistent uncertainty has put spending assistance by consumers and businesses on hold. Producte, we are seeing face weakening in economic momentum. Broadbased weakening in economic momentum. A good part of asia is in a downturn and how long and how deep that down for downturn will be depends on policy maker actions in terms of f
We hear exclusively from eric rosengren. China is accused of using social media to undermine the protest in hong kong. Twitter and facebook delete a string of fake accounts. Shery how markets closed. It was another day of strong rally with the s p 500 gaining more than 1 . Every sector was in the green. Energy amtech led the gains. Lead the and tech gains. A positive sentiment with trade. That was reflected with the u. S. Dollar. It rallied to this years high. Gain 250 points. The nasdaq up 1. 4 . Doing much butt lets see how things will be shaping up in asia. Conviction investors will be tested with futures looking at a mixed session. Kiwi stops adding. 6 . We have the strong dollar to contend with which may put a damper on Risk Appetite for emerging markets today. We are on tech watch. We have xiaomis earnings on the lineup after baidus results came out overnight. Onay, were keeping an eye the rba meeting minutes. Trade data from taiwan and today rate the pbocs loan prime. A key mile
Ceo speaks frankly about industry issues. We are going deeper than normal and i think that is good. We encourage that. There is always politics in the background steady. You need to keep going, steadily. And keeping the eyes on the ball. Emma plus, facebook reveals the project that goes beyond social. Sandberg insists the company is ready to embrace it. Companies like ours should not make as many decisions as we do, we know that. Emma it is all straight ahead on bloomberg best. Hello and welcome. Im emma chandra. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines and last weeks protests against an extradition law in hong kong continue over the weekend. As monday dawned in asia, the government responding to extreme public pressure. Hong kongs leader made a rare apology over her proposed extradition bill, this after hundreds of thousands of prote
What goes up and what should come down. Cyber strikes, iran downs a u. S. Drone and the Trump Administration responds with a cyber attack. But iran has a Cyber Strategy of its own. How they are attacking u. S. Banks online. First, to our top story, the continued back and forth between beijing and washington has put tech squarely in the crosshairs of the trade war, impacting Companies Like apple, huawei, and many more. A new article in Bloomberg Businessweek details how chinas tech sector is mostly insulated from exposure to the u. S. On many fronts, but there is one area where it is still semiconductors. Over the last decade, china has seen a surge in chip imports. Now more than 300 billion. For more on the trade wars ongoing impact on tech in both countries, we spoke to bloomberg our globalking and executive editor brad stone. Esoteric parts like broadcoms switch chip, more common parts like an intel microprocessor or an amd graphics chip, china really cant replicate those yet. They h