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
Case we have in front of us now and do our good faith best to brbring justice to this situati and we will. The states attttorney gener says the authorities will a actn accordance with the law and the video youre about to see is graphic and may be disturbing to some viewers. S. The officers involved havave al been fired. One pressed his knee into floyds neck for over 8 minutes. He was charged wednesday with Second Degree murder. Protests rippled across the United States with many calling for the others to be charged. Many were peaceful but some engaged in violence and vandalism. The Associated Press reports nine deaths and 9,300 arrests. The city of new york suffered looting every night. The Police Must Stop the looting and the criminal activity. That is the essence of the police force. They are supposed to protect the community and the property. Meanwhile he is distancing himself from the president. Donald trump said he may use troops to quell the protest. Experts say that idea doesnt
Shery ahn thousands rally against Police Actions in hong kong. The unrest came up in toxic think china and japan in beijing. A study markets not kicking off trading in the early session. Sophie stocks stay below 6800. Not going anywhere fast given the holiday week. After a three dated decline. As investors consider the earnings trajectory going into 2020. Futures are pointing to gains in tokyo and seoul, adding less inn 1 10 of 1 , wellington. Switching out the board. The aussie dollar set to snap a four day gain. 1. 30ound trading below after being the worst performer ing itsht after cappting i longest lower run on no deal brexit. Yen barely budging as it is set to end the year, defined stronger forecasts. Bojs Meeting Minutes due later this morning. Paul . Paul lets get the first word news with haslinda amin. Slinda thousands rallied in hong kong monday evening against Police Actions to see moneys raised by a crowdfunding group. Police arrested four people over suspicions of money la
Second straight quarter. It flames Week International demand and investment in ecommerce. Shery this hour brings another snapshot of the japanese economy. Trade data may show the deficit balloon in november. First, lets get you to the market action. Australia has come online. Sophie aussie shares opening, a little change to the upside with the benchmark twopoint shot of a fresh record. The aussie dollar Holding Losses after the rba reinforced the inw for its rba rate cut february. Pricing at a 59 chance. Thailand rates decision. Expect it to stay steady as it is stabilizing. We also waiting on japans november trade data later this morning. Nikkei futures pointing lower ahead of that. Overall, looking like a soft start of the session after asian shares closed at a high, with fresh eyes across the region including india. Right. L ll lets check in with the first word news with jessica summers. Jessica sterling slumped the most since january as fx traders gave a thumbs down to Boris Johnso
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning of the end of these shoot the moon sort of Business Plans what i mean by that is we just they dont work for two reasons. One, companies are raising a tremendous amount of money and they do that primarily to try and have some sort of