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Ride still means it is far too early to say hello. Welcome to bloomberg daybreak asia. I have some breaking news. South korea data coming in. Gdp numbers first. The final reading of the Third Quarter readings. They have been quite bullish in the preliminary numbers driven by exports growth out of south korea. 1. 5 are the final numbers, slightly better than the preliminary figures. Also, above what the preliminary numbers werent that were reported earlier. Inflation also coming out pretty tepid. A decline of 0. 7 . A retraction. No change was expected month on month. And year on year inflation falling short of forecasts, 1. 3 . It was estimated to be 1. 8 . And core cpi year on year toling short, 1. 2 compared the estimation of 1. 7 . Happening asion is the bank of korea raises things by 25 basins basis points. Have raised said we rates but it is still very accommodative. Paul it will be interesting to see what the bank of korea go ....
Decline in the open and s p in 18 best start in 30 years. Buffett on the market, succession planning at berkshire, stocks not richly valued and remains a buyer but not of bitcoin. Tech under fire a powerful gop senator demanding answers from apple good battery gate the s p is off to the best start since 87 and buffett says markets are not richly valued according to rates and what he told becky a few moments ago. What has happened in the market has been very sensible. Nobody thought we would have these kind of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. Says the Interest Rates are the gravity to value and munger chiming in saying share prices are not crazy. Point blank tell you, this was becky quick, congratulations, unbelievable interview. You sit there and what you get are people who know more than anyone else alive ....
Lynch upgrading the stock to underperforming. Theyll release a statement about the potential buyout. Weve been watching the futures all morning. If you want to take a quick look, after yesterdays big pullback, some people thinking that was the beginning of the pullback, you will see the futures indicated higher. Up by almost triple digits. Dow up just by 84 points. We want to thank our guest hosts today. Great to have you guys. Thank you both. We dont necessarily come as a team, but sometimes. Now its time for squawk on the street. Futures higher trning, thats something the bulls might say, dont call it a comeback. Were still here. Im carl quintanilla, with melissa lee, jim cramer is here, and david faber. Europe stabilizing as service pmi showing overall slowing of contraction. In china, services pmi accelerating to 54. As markets climb back from the s ps worst day since november, is todays market going to demonstrate investors willingness to buy the shallowest of dips. The business t ....
This ad. warren says billionaires like blankfein and leon couperman don t pay their fair share. in an interview with cnbc, he criticized the ongoing battle with the billionaires. i used to be kind of a moderate democrat. now without moving anything, i ve become in their eyes a right-winger because i don t want to blow up the financial system. while he believes the economic system should be fair, he criticized her wealth tax. you can modify our estate tax, but we shouldn t have unworkable demotivating kinds of taxes that will achieve equality by reducing everybody s level of ....