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End, for clues about the feds move. Yie oil is relatively flat. Apple shares higher in the premarket after the company says new i phone preorders are on pace to beat last years record. The final countdown to the fed and mixed data out of china investors bracing for another week of opportunity. And alibaba firing back after barrons says the stock could fall another 50 from here. Apple is one of the stories of the morning. They come out with not hard numbers, but a characterization of how Opening Weekend went. Very strong, in their words, globally and on pace to outdo last years preOpening Weekend. These are preorders, not in stores yet. Not yet. A lot of Industry Data we have is based on inventory. I cant remember what happened last time when you had the 6 and the 6s launched if those were i ventory challenged or not. Ap ....
That is half a percent difference with the strong reading of the manufacturing base. Reaction tot is a pmi. The crucial figure to figure out is data. [indiscernible] china above the gain line. Hong kong above the gamelan. And look at australia. Those thanks to the pmi. Data from china has been high on the agenda for our guests this morning. The economy is generally in good health. Fairly broadbased improvement. There was a rebound in output. We saw a continued expansion in export orders and an acceleration in new orders in general. Since the economy it seems the economy has turned the corner. There will be questions over the sustainability and the general strength of the recovery. Richard gibb is mccourys head of economics. He is less optimistic. We are not impressed really by the many stimulus and the very targeted [indiscernible] we think it will need to be broad base. And more concerned about chinas sluggish receptor. Property sector. A very interesting point is we are entering an i ....
Will talk more about that in a moment. Another tough overnight session for global losses in tokyo and india. The road map begins with the retailers rallying best buy, home depot, urban, and they all beat handily expectations, but slightly different than penny. Missing expectations, but trading up as the investors conclude that it could have been worse and appears to be better for eli musk and tesla. After the retailer posts better than stronger earnings and mobile phones and appliances were the strong components of the quarter while gaming is weak. This stock is at a 2 1 2year high today, jim. It is up 2x for the year and a lot of discussion about huber joe l jolie, and if they have found the answer to amazon. Well, that is very good and the gaming is the going to be good in the Fourth Quarter and we have new iterations, and i like gme. This is a remarkable turn, and sometimes you have to say remarkable. Some people have gotten it ....
No one seems that eager to put in trade, reluctant but nervous obviously. Jakarta is lower by more than 1 and htc also down. We go across to singapore straits, malaysia and thailand, all down by. 2 . Also, newspi zealand is up currently by went one percent. The rest are booking the probably up by. 1 . The rest are looking up. As john was mentioning, asia pacific markets are being driven by pieces of data. Signs of manufacturing slowing. Stephen engle is in beijing for us. Is there a danger that we read too much into it . Mean, we are drawing a lot of conclusions from a slight dip down in the flash number. This is the preliminary number for manufacturing pmi for december from hsbc and economics again. Remember, this is a private survey, not the official survey. Private companies in the manufacturing space in china, about 400 or so companies, where the official pmi am leslie looks at pmi mostly looks manufacturing. But it did sink down to a three month low with this flash number. If the. ....
India’s largest private lender is going through a consolidation phase following the HDFC merger, which has prompted investors with a short-term outlook to consider alternatives, says Nath ....