Date trade tensions resurface as china rebukes the decision to sign a bill backing protests in hong kong. And retail front and center as we get forecasts from adobe and the National Retail federation, forecasting strong Holiday Spending joining us for the hour is allied chief Investment Strategy lindsey bell here we go, a shortened day today but a lot of excitement. Whats driving the action . Well, you know, there is lower volumes today. Coming into the end of november, going into december, this is the seasonally strong period of the year earnings season was a good one retail sales pretty good retail earnings were good even though a mixed bag and so i think were in the period of pause until the new year. What are you paying close attention to today. Well, today, i think its really all about this is black friday about the retail environment and the consumer theyve been very confident, wages going up Unemployment Rate very low, near 50year lows can the strength of the consumer driving th
Theres plenty more on our website thats bbc. Co. Uk news and on the bbc news app. Now its live to singapore for Asia Business report. Gubera disappointing. Shares are down after the latest earnings fell short of expectations. The us commerce secretary visits indonesia with a delegation of senior us business executives. Hello, and welcome to Asia Business report. Im sharanjit leyl. Welcome to Asia Business report. Im shara njit leyl. We welcome to Asia Business report. Im sharanjit leyl. We begin with uber because the rolled hailing doesnt ride hailing firm missed its expectations for monthly active users. While Street Investors are pleased with the numbers with shares following 5 in extended trading. This mirror has seen has more from new york. Does make filing. I think the biggest headline now is over 1 billion in losses for the quarter. That is a huge amount of money that the company has lost in the last three months. And if you look at the same time last year, we saw that that numbe
Optimism. Upside and. 1 to the friday coming out of the doldrums with regards to the hong kong market. Profit plunge perhaps possible, coming things down as the bank index. Lets have a look at currencies in play and whether the rally can last. Some predicting we will see 70 u. S. Cents. Still, holding on and it is 1. 29 still. The bears doing do likewise. The dollar much unchanged, andngthening in the system three currently. Hat is where we find ourselves su keenan has a first word news. We are going to start with saudi aramco. The companys worth maybe 1. 5 trillion for even less according to research by potential investors. The 2aluation is below trillion target initially set for the kingdom and it suggests a struggle. That it will start stock trading next month. To add a foot note to that, you see oil prices 20 and thenout came down by 10 and all the future traders saw this. We have 1 8 of the Oil Production in the world and the oil traders they saw this and that means it is really s
There could be a muted start. Turkey battles the kurds in syria, washington ready to hit turkey with sanctions if it oversteps the line. Shery we are seeing u. S. Futures higher at the moment after major indices on the u. S. Markets closed higher by more than 1 on friday. There was a lot of trade optimism, but suffice it to say stocks pared back early gains late in the afternoon session. There was no real signed document between the u. S. And china. We saw the s p 500 jumped the most in a month. We had Semiconductors Index gaining the most in five weeks. The nasdaq closing at the twoest level in about weeks. We saw a lot of movement when it came to treasury markets. We saw yield gaining ground and the risk on move affecting other Asset Classes like the japanese yen and gold. Lets see how we are shaping up. Off for then is long weekend. Asian stocks closed. The first weekly we are setting up for a higher open in the region. The offshore yuan trading around 7. 09. Goldmans expecting a mo
Trade talks in october and some disappointing data here at home. Home price growth loses momentum Consumer Confidence numbers fall sharply. We are covering all angles of the market and developments out of washington with bob pisani, eamon javers, and ylan mui, also standing by. First, lets bring in steve grasso from Stuart Frankel hes joining us for the entire final hour of trade. What do you make of the price action around these headlines around impeachment i think its what you said, it was the u. N. Presentation and then it led to a little harder stance on china and it went from there to the impeachment hearings or the impeachment process. And then when President Trump said hes going to release the transcripts, the market rallied. Because how incriminating could it be if they were going to release it, right right, they thought there was a smoking gun issue that was going to arise, so if he was going to release it, maybe that wasnt the case, and were back to the impeachment process ag