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Shery theyre watching daybreak asia coming to you live from new york, sydney and hong kong. Annabelle counting down to asias major market open. Paul a risk off move as fears of further rate hike go further south for u. S. Stocks and bonds in the intervention alerts zone as we wait for japan cpi numbers. Beijing is said to tell state owned banks to step up in the pboc also chiming in to stop yuans slide. Goldman sachs planning a hiring spree to address regulatory concerns from authorities, including the fed. Shery u. S. Futures extending the declines we saw on the new york session were u. S. Stocks were down for a third consecutive session. Tech giants leading the decline the likes of microsoft, apple were down today. We have pessimism over the chinese economy, but it was really about the concerns that the fed would tighten policy. We had more data today showing the labor market remained resilient with those jobless claims. We had most treasury yields higher. Talking about the 10 year y ....
Paul good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. Takes birthday in two weeks helps u. S. Stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election race. Chinas property prices affecting the listed industry. Shery we meet a man who could be taiwans next president. He tells us exclusively how he plans to reassure voters and maintain peace. U. S. Futures coming online slightly higher in the asian session. This, of course, after we saw u. S. Major benchmarks gain ground, tech leading the gains. It was a lowvolume session, not surprising given t ....
Company reported its lowest Revenue Growth in two years. The Company Unveils its first all electric escalade iq. Amazon is in talks to be an anchor investor in arms ipo in a deal that could raise 10 billion for the chip company. First, a check on the markets. Tech is lower. The nasdaq 100 is down more than a percentage point. The Philadelphia Semiconductor index was softer by one point 6 , underperforming the market. We are waiting for the cpi print on thursday. We get that data and we think to ourselves, what will the Federal Reserve do next . There is posturing in the market from that point of view, but earnings will be a theme of the show. Weve had a number of earnings interviews with ceos and the reaction to the downside is also a factor, particula ....
York and hong kong. The tough story this is hour. Investors await caution ahead of china inflation. Bloomberg has learned that the u. S. Is set to limit the scope of the ban on investment in Chinese Companies as it seeks to covert the damage to relations with beijing. Plus, we get the main line business and Economic Outlook speaking exclusively with the d. B. S. We have the jobless rate for the month of july coming in at 2. 8 . This is higher than the previous month of june 2. 6 . Its higher rate than economists have expected. We did have heavy rain since mid july. Also weak growth. Still, you have to put it into context. The 10year average for the jobless rate in korea has been 3. 6 . Post pandemic average has been 3. 4 . So yes, its a rise in the jobless rate to 2. 8 . But its still a resilient jobs number. And something that will make the bank of korea give more groun ....