Home depot on the agenda will the result lead to a remodelling project for that stock . The race to be the leader in the fast growing Artificial Intelligence market as rbc tells us who is ahead of the pack and who is lagging behind. It is tuesday, august 15th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im the dominic chu in for Frank Holland. Lets kickoff with the equities which are sliding. Dow is implied lower by 165. S p lower by 17. The 43 point slide for the na nasdaq you see the yieldsin the bond market moving in that mentality as well with a little bit of selling pressure which is pushing the yields higher. 10year treasury is above 4. 2 4. 216. The 2year treasury is pushing up on that 5 mark 4. 967 30year treasury is a hair below 4 in the energy markets, signs of downward moves wti is down. 20 82. 35 similar for ice brent. 86. 12 is the last trade lets get to the developing story. China central bank cutting Interest Rates amid mor
Ferro, Lisa Abramowicz, and in reordering. Jonathan your equity market is lower. Kicking off the month with that stock is down. We are plunging 29 . These are the issues, discovery material weakness, writing down the value of companies required and replacing leadership over it and why bc. Lisa the kitchen sink was about loan mark reserves and everyone says this is because they crossed the threshold. This raises questions of if it goes deeper than that which to be is more concerning an speak something about the risks of rates remaining higher for longer. Jonathan all things you dont want to hear from, related to internal review and resulting from ineffective oversight and monitoring activities. Annmarie everyone has come out talking about this was it to this bank and not to other banks in the abc. You have to think jay powell is going to be on the hill talking to senators. He is going to get asked about what is going on under the Banking Industry and if there are larger concerns wider c
Good morning and welcome to daybreak australia. Im paul allen and we are down to asias nature market oh. Asian stocks pushed for a week open with trade risks overshadowing the deal to avert the u. S. Shut down. Data showed factory activity picking up for the First Time Since march. A private survey indicates slowing expansion. Home prices showing strength in september driven by soaring demand read the rba expected to hold rates again on tuesday. And some breaking news out of the gates in australia. Bank pmis for september a a slight pickup, 48. 7 is the reading from the 48. 2 we saw in august we are still in negative territory but a strange trading day including australia. There is a pu holiday in australia. Dsx will trade as normal however we might see less volume tha usual. Elsewhere weve got the dollar below . 65. We are anticipating a weaker opg when we get going in australia. Futures are down by half of 1 at the moment read youve got new zealand trading, coming down to election da
Musks promise of making cheaper cars sooner. Stocks gain in asia, pay 69 billion sale and solid demand as a 5 coupon appears allusive. Biden says a will flow to ukraine after Senate Passes and aid package. Lets check in on earnings. Volvo cars with the focus on price and cost cutting. We know sales across europe have been slowing. Volvo cars sees fullyear revenue up at least 15 , pushing forward, revenue is a miss. Logging 93 point 8, 90 4 billion krona in terms of revenue below estimates that had seen shy of 100 billion. In terms of operating income, that came in below estimates versus just shy of 6 billion. Margin is a mess. Just shy of 5. 7, but revenue up 15 , a company we will watch at the open as we contend with softness. Competition from china, price cutting. We will be speaking to the volvo car ceo and president at 7 15 am u. K. Time. And the swiss drugmaker firstquarter sales coming in shy of estimates. 14. 4 billion, estimates for 14 billion, a small miss. We know in terms of
Postdivorceier says trade talks are underway, and the u. K. Much must offer more. We have breaking news in south korea. It was a data dump morning. The surplus widening. Year on year, 6 billion. Industrial output rising 2. 7 . This is also for the month of august. That is well above what economists had estimated at a gain of 1. 3 . The number to really watch is the factory output, the industrial output, 2. 7 . We did see a revision and inkage or decline, 0. 2 down 0. 2 in prior months. A lot of the focus is on how these numbers have been changing with the geopolitical tensions in north korea. Is that going to dampen consumer demands and outlook for south korea . Yvonne mark yvonne it is interesting, month on month numbers in industrial production, i saw weakness in the month of august, less than expected at 0. 4 . We saw that survey this morning, looking less positive when it comes to manufacturing, as well as the export growth manufacturing. Export growth, we saw 31 jump from a year a