Previous leader. That is certainly something we are going to watch out for here today when it comes to how that plays out in malaysia. Overall risk sentiment is cautious. David it doesnt help that markets here in hong kong and china, you have liquidity issues look exacerbating these issues. Here are your equity markets that are open. On the lighter side of things. Down about. 25 . Kospi up. 25 . Putting anything else together, we are on a threeweek streak of declines for asian equities. S p futures as you can see,. 5 down, pretty much where it has been holding all morning. Have a look at some other things we are tracking here as well. We talked about dollaryen today, which we will get to in a moment. Southeast asia is looking like this. The latest market to open is indonesia. A big day friday for philippines, reversing some of that now. Malaysia also little higher. Southeast asia as well, mx is your ticker for this benchmark. Also on three weeks of decline. As promised, look at dollary
One basis point. Crewed up by over 1 , but it has been a brutal crude up by over 1 , but it has been a brutal week. Its time now for global exchange, where we bring you the market moving news from all around the world. Lets kick it off with the latest on the trade war. Chinese officials are narrowing the scope of what they will address in highlevel talks that kick off thursday in d. C. Bloombergs shawn donnan joins us on the phone. What do we know so far . Shawn the chinese delegation is coming again to washington this week, led by chinese vice premier liu he. He has been saying there are two big things they will take off the table this week. That is any discussion of broader industrial policy, and that is made in china 2025, this plan from xi jinping to dominate the world in areas like robotics and artificial intelligence, and also government subsidies. These are the subsidies that have really fueled chinas industrial rise over the past 20 or 30 years. They are off the table as far as
Along the coast cooler compared yesterday. That makes the air alert going to affect for the day unhealthy for sensitive groups in the east bay as well as santa clara valley. There running up to 5 degrees warmer than yesterday morning. Begin to the temperatures in the mid50s to low 60s at this hour. As we take you through the day what you can expect, enjoy the sunshine. 90 for high in concord in fairfield. 82 for you in oakland looking at 77 in San Francisco. It is fleet week. We are excited about that beautiful weather out there. Check out the blue angels with 77 for the high today. You know you might want to consider mass transit if you are headed out to enjoy fleet week activities. It may be your best bet to avoid the clouds and congested roadways especially along broken arrow. You can connect on the 580 getting into the ultima pass. Once you get toward grant line traffic it does improve nicely. Elsewhere we are seeing slow speeds as you go through their. Through their. There is some
Be off the table stocks set to open lower. Underperforming, a status check on the now not so hot ipo market. And the nbas china headache, one managers tweet about hong kong sparking a business backlash and political firestorm. The dow and the s p now in the midst of a threeweek loss, despite a friday rally, which was the best one day performance since august were set for a lower open china reportedly looking for a limited trade agreement when talks begin with the u. S. Later this week. This bloomberg piece, guys, talking about how dont expect massive agreement this week, but who knows. Still early. Well, conflicting reports out of i felt the Administration Last week. On friday, larry kudlow, chief economic adviser, said, there could be some good things. But if you look at the agenda of what the president wants, it is the exact opposite of what the chinese said to bloomberg. President s hoping to see an end to the deal, intellectual property, hoping to see the end of the technology tran
Thats likely to be down about. 33 . Lets see how they close. Lets get to hong kong because today, we see chinas clout. The general manager for the Houston Rockets, basketball team, tweeted support for hong kong. Beijing immediately objected very strongly. The tweet was immediately withdrawn. Lots of criticism for the nba this morning. They caved to the communists, to preserve basketballs appeal in china. Hong kong itself, im going to say its virtually shut down as violent protests returned over the weekend. Next case, what have we got for you . Joe biden. He says he will beat the president like a drum, end quote. The General Motors strike takes a rather ominous turn. And amid very visible security, joker hits the theaters and wins big. Varney company is about to begin. Stuart you know, this could be the stock of the day, maybe the week, maybe the month. General motors, down 1 . Its back to 34 a share. When the strike started, it was 37. Now, talks with United Auto Workers union broke d