At 1 00 p. M. Today. Time now for global exchange. Tom hong kong to beirut, berlin, brussels and washington come our bloomberg voices are on the ground this mornings top stories. We want to begin in china. Chinese vice premier liu he will travel to washington next week to sign the first phase of a u. S. Trade deal. Ranthe current enda cur joins us. In some ways, no surprise. Enda no surprise, but is the first indication that we will find this next week. It will be a pretty heavy delegation with the vice premier. Other trade and commerce related officials. We dont have much more detail be on. The Foreign Ministry didnt give much more detail. That agricultural goods are part of the agreement, but we dont know what else. While this is obviously a positive sign that the trade deal will go ahead, a lot of people will be looking for any final hiccups in the days before the signing, and of course, when the details come out, there will be a lot of scrutiny. Alix thank you very much. In beirut,
Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We have some weakness here. D. R. Horton, all lower after existing home sales for the month of december missed the survey a little bit. Daca have to do it tax reform. Investors not likin
Numbers here tomorrow. Apples worse day in seven months. Apple now moving higher in the premarket. Yum sales take a hit in china after food safety scares, numbers from costco, and nevada lays out the welcome mat for musk, the 5 billion factory going to the desert. Ecb cut Interest Rates to new record lows in effort to ward off deflation, lowering the rate by a tenth percent, and its rate on bank overnight deposits to negative. 2 . The president says the bank will purchase asset backed securities, and here in the states, adp says prooifts sector hired 204 thourks worker last month, below forecast, and the big jobs number, of course, tomorrow. Europe is the story. For those of us not well schooled, what does this mean . What this says, i think, is the german hold on the european economy, hoover style, worry about a balanced budget no matter what is broken by draghi who will take rates whatever it takes to get the economy moving. Germany, exact opposite. People are quick to say negative l
Shares of AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL – Get Free Report) rose 0.3% on Friday . The company traded as high as $19.27 and last traded at $19.17. Approximately 215,786 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 269,558 shares. The stock had previously closed […]
Shares of AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL – Get Free Report) were up 1.4% on Friday . The company traded as high as $18.47 and last traded at $18.38. Approximately 131,115 shares traded hands during trading, a decline of 47% from the average daily volume of 247,150 shares. The stock had previously closed […]