Haidi you are watching daybreak asia coming to live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Shery australia has just come online. President biden wraps up his trip to tel aviv signaling full backing for israel and supporting its claimed that Palestinian Militants were to blame for the gaza hospital blast, but fails to come concerns of a wider conflict with asian stocks falling the slide on wall street and investors digesting big earnings with netflix surging after posting the best quarterly subscriber growth in years, while tesla dipping after missing estimates. Annabelle this set of earnings, geopolitics are the two main things we will be tracking through the session today but we have the open of the asx 200 and you can see the direction in the early moments is clear with the drop in futures pointing to losses of 1. 2 so we will wait a few more minutes for it to come fully online in the session but really what we are monitoring
How conservatives are mounting a campaign against her. Kathleen it is interesting, the juxtaposition of two stories. They go region by region from a tight labor markets, wages are not rising. Janet yellen it ready to sit down with the donald trump, thursdays meeting. I wonder how much they will look at inflation and what he will try to get from her in terms of the future of rate hikes. Yvonne if we are going to hear any details of that meeting, gushing over janet yellen the way he was over john taylor. There was talk about how hawkish john taylor can be. Kathleen what was once letsered quite the dove, take a quick look at the market. Small gains across the board. 61, on the s p 500. 157. Dow at 23, a good seems second be slide up in asia. Lets see how things are looking in new zealand. I have been saying any day on this coalition government, it could be this afternoon we get an announcement by the new Zealand First party. Flat for the nzx 50, the kiwi ahead of that big announcement. Au
Trump to not reappoint the fed chair. They are expected to meet today. Anna a warm welcome. Im anna edwards. Outlook 2017he sales, thirdonth quarter cells coming in at 13. 1 billion, roger with the 1. 4 billion the analysts had penciled in. The real question going into the numbers as to what extent can be success in newer multiple sclerosis meds offset cancer drugs . They are relying on new drugs to drive growth as the biggest medicines that have been treating cancer. We got diagnostic sales and other areas of the business being broken out here. Said it wouldy show a rise by midsingledigit percentages. Manus thats good to sap and their numbers. Revenue diet from sap, will be 23 point 4 billion to three 23. 8 billion. Lowerentally a little bit , 23 point or23. 8, the original guidance was 23 and three. New guidance for them. Sales outlook, strong business software, and what theyre trying to do is be focus come getting customers to focus come getting customers to of eight their sap. They
Get more revvnue. Davis says oncam tag operationally, the ccuntry is going ttogo ff thh cliff beccuseetheres throoghhbooh chambers before midnight. Ut tax hikes and before they maae aa impact. In pashington, jennifer davis, fox ews. Whhle the fiscal cliif resolution hangs in the ballnce. Americans could soon breathe a sigh of relief when it comes o milk prices. Prices. Lawmakers agreed to psign a one year extension ff the us farm bill. That woulddstop prices frrm doubling in 2013. The compromise was reached in he house of representatives agriculture commmttee. The psenate. And the be siined b the president. A violent weekend in baltimore. As Police Investigate four separate ssoot. Shootings. The latesttinnvolves man shot road anddbryant avenue. We pwere on the scene as homicide p 30 last night. Hey found the man with multippe gun shot wounds. The inveetigatioo backed up ptrrffic as detecttves searche for clues. Police havent released any information on the suspect. Orr he victims condi
Tire n markets, stray straits higher. Chinese banks reporting yesterday. Beating forecasts again. The pboc clamping down the credit issue in china. People run off their trades for the quarter and it is on to the next quarter which starts tomorrow. Some of the worlds biggest banks are facing increased scrutiny. Ae bank considering forgoing potentially lucrative deal in the country. We are talking about Deutsche Bank. A conflict of interest here. Right. The core of the issue, you are here you are seeing a lot of hires. Relatives in high places. Lets put it that way. One of their clients, china general nuclear power, that is chinas Largest Nuclear power producer. Deutsche bank has been working on a few things with this client. This is also the same client that the nuclear producer the same client, the nuclear producer, who is said not to file in hong kong. Now it is likely to fall out of a ipo. In this case, it is the daughter of the chairman of this Nuclear Company that is said to be wor