Provide new for the quarter. Hsbc says 35,000 jobs will go after full profit misses expectations falling 33 italy sampalo getting rolling. Sending shares in the smaller rival up over 20 . The European Competition commissioner tells cnbc she had constructive talks with Mark Zuckerberg there is a change in tone a lot realize there is change needed not in detail. I think that is left for us. Good morning, everyone our number one top story today is about apple apple shares are sinking in frankfurt after the tech titan made a shart warning it does not expect to meet quarterly expectations the supply of iphones will be temporarily limited worldwide. Apple forecasted record revenues it has failed to provide a new revenue forecast, however. Shares in apple suppliers are sharply lower off the back of the downgraded guidance. You can see down almost 5 on the news big ripple effects were seen here you can see the broader complex down 3 to 5 this morning huge knock off effects having an impact let
I mean this is really the end game because you had a period in Global Finance where banks got in trouble you know in 2008 they may horrible loans and they were insolvent they became technically insolvent so the Central Banks got together and they said lets lower Interest Rates down artificially to near 0 so that banks can borrow unlimited amount of money at 0 percent Interest Rate and recapitalize themselves and paper over all the mistakes and it made a lot of billionaires as you mentioned jeff bezos bill gates Michael Bloomberg say made like of 40 or 50000000000 in the last 10 years based entirely on money printing from the fed and his relationship to the new york fed so now we are in 2020 and bernard are no of a luxury brand wants to so more d high priced trenchards to his billionaire friends who have been given billions of dollars so he took the money from the European Central bank that has near 0 percent Interest Rates that bail out the banks and he took that to acquire to. Winning
Houses whats the solution. And in costa rica people in Rural Communities are running a living farming butterflies which are in great demand around the world. Europe and asia and leading trade partner but how similar of the 2 continents when it comes to social justice own working conditions more or less comparable what kind of jobs to people do and what rights do they have in our new social justice series what places we visited 8 asian and European Countries and discovered that aside from all the difference is there actually many similarities societies it seems are rarely alone when it comes to the challenges they face. All a bank put it on the web morning at my day begins at 4 am i get up make breakfast and lunch for later. I wake up my daughter bathe her and to her hair. If i need. A mission that. My company allows me to bring my daughter into work with me i dont know what thats really supportive of course im. Going on 3 lives with her husband and daughter in the southern indian state
Lifeline. We will hear from the Morgan Stanley ceo on the big 13 billion acquisition of e trade. Paul. Paul thanks, emily. Lets check on how futures are looking in asia. Looking like a much quieter day than yesterday. Sydney futures looking fairly flat right now. U. K. Futures looking weaker by 0. 4 . A bit of a move down in costly futures. We saw u. S. Markets ending modestly low. Concerns about earnings downgrade. More on that later. New zealand also trading right now. Currently flat. Emily thanks. Lets get a check of where the u. S. Markets closed today. Taylor riggs is in the newsroom. What were the highlights . Taylor sort of a risk off day. Really 500 Big Companies leading the losses. Bonds rallying five basis points after the crucial 1. 51, and the yield curve is inverted by the most since october, six basis points. Take a look at the chart in my terminal that put the selloff into perspective. The chip performance relative to s p 500 performance is still near an 18 year high. On
Happy tuesday. These are your markets. A lot of the focus this week will be on earnings. We have a lot in the u. S. And europe. Of days awayle from the signing of that phase one trade deal between the u. S. And china. We are still trying to figure out what happens between the u. K. And the eu. There is a lot of speculation. While Bank Earnings c,itif with j. P. Morgan and wells fargo will follow after. We will focus on what blackrock Just Announced moments ago to focus on more sustainability. Lets get to the bloomberg first word news. The Worlds Largest asset manager is upping its push to a greener future. Blackrock will put Climate Change at the top of the investment strategy. Inwill avoid investing companies with sustainability risk. The u. K. Is likely to secure a trade deal with the eu, according to Boris Johnson. He said he is very, very, very confident. The transition phase is currently scheduled to end on december 31. Iraqi leaders privately want u. S. Troops to stay in the coun