Services. Westpacs full year profits plunge after fines for Money Laundering. Cash earnings falls. One of those stocks where watching going into the sydney open. Lets look at the market open. Sophie . Expecting some moves this monday. The biggest weekly drop since september 25 as investors adjust the some of the risk ahead. We did have the worst week for aussie stocks since april. Adding 0. 1 . We have amp shares gaining trillionter the this wealth manager said that a preliminary takeover approach of every management values the company at 4. 5 billion. Westpac has results out this morning. Later this week we get results upm alibaba which ticked single day sales early on sunday. The ipo is a big event we are watching this week. We are expecting a big pop here on thursday given the massive appetite we have seen for the offering. Friday had the biggest drop since june. Of a private survey of chinese manufacturing data. To focus more on the u. N. , lets pull up on the chart on the terminal
For the entire day after its worst ever outage. The hardware breakdown is to blame. European leaders gather for a special summit in brussels. Relations with china and sanctions on belarus top the agenda. Isnt butecovery fund concerns linger. 9 00 in dubai. Good morning. The risks of a Government Shutdown have been taken off of the plate. I have the image in my head between nancy pelosi and mnuchin. It sounds like the white house is moving forward. Mitch mcconnell, are we closer to a deal . He says we are miles away. Annmarie he seems to be pouring cold water on that idea. The democrats did postpone that vote for the 2. 2 trillion. Maybe we can get something on foxbusiness. Obviously, you dont want to hold your breath. Already, strategists said that the growth for the year is going to be dim because of this. What im focused on is these job losses. Exploding. That is sounding an economic alarm of the real pain in the real economy, not the financial markets. Manus on the other side effect
Lets begin with the latest kobe 1000 numbers worldwide cases now topping 10700000 and 517000 reported deaths the top 3 countries with the most cases the u. S. Still leading the way again followed by brazil and russia right here stateside 2600000 cases with 128000 reported deaths meantime there is growing concern about an uptick in covert cases in prisons nationwide and as americans prepare to celebrate the 4th of july state and federal officials urge everyone to take precaution and wear a mask were going to bring you 2 reports on this. Starts off. We are now having 40 plus 1000 new cases a day i would not be surprised if we go up to 100000. 00 a day if this does not turn around and so i am very concerned it was a stark warning from dr anthony south to you that the u. S. Could start to see nearly 100000 new cases a day when state the u. S. Saw 50000 new cases and states across the country are. Starting to see a spike we have specifically targeted our efforts to close in door operations
Controversy, but mark said we believe in Free Expression. We believe in political speech, and ads can be an important part of that. Manus the saudi Energy Manager says mohammad bin salman will determine the timing of aramcos ipo, saying it will be soon at the right time. Yousef it is 9 00 a. M. In the emirates. This is bloomberg daybreak asia least. Im yousef gamal eldin. Manus im manus cranny. The bond market, hoping there will be another rate cut in 2020. December might be a debate. Found by seven basis points yesterday, back at 7. 18 . U. S. Treasuries are a must buy. There is risk to the upside. 2 by the end of the year, it is said. Equity futures taking a little higher in the last hour or so on additional traction on the trade front but now the s p 500 is trading 20 times earnings. Some fanfare around Apple Earnings but caution this rally have beenar and they cutting back on their estimates in terms of what to expect in the coming quarters and you could be seen your end around 300
Overshadowing the iphone 11. Do either move the needle for investors . Plus, quote, bone heads, president taking on the fed, calling the extcentral bank naie and telling them to cut to zero. Is wall street afraid of Elizabeth Warren more from jim on what hes hearing from leaders in the financial industry about the 2020 president ial race start with apple, though, shares rising one day after the big product event, not only did the company unveil a new line of iphones, and other devices, created lots of buzz with news of apple tv plus that this is what tim cook had to say on stage. Were excited to tell you first shows will be available on november 1st and will be thank you and will be adding more apple originals every month and apple tv plus will be available in over 100 countries that launch and it is just 4. 99 per month for your whole family were going to talk to Morgan Stanleys katy huberty the event was compelling to a large degree because pricing was aggressive. I went through ever