Valuations, and when youre hitting major levels to get to another new let them, you always bump up against it and come back here youve got the added factors of, number one, a weaker dollar, which is, as he saw in the report yesterday, pushing inflation higher, that was the clothing aspect of it. What ive done over the last few days is ive added some positions that i had i initiated a couple of new positions. In what bungee. Bungee came down dramatically after their Quarterly Report theres lots of talk about an acquisition, maybe adm, their approach last year if it doesnt happen, its a place i want to be because Agricultural Prices are also down, i think its temporary i also bought back delta it hasnt moved up as much as the others ive added to baba, i added to apple, actually, just for pete nicely done, smart move so i think were okay but its time to pick stocks everything is not going up pete, who is to say this v recovery doesnt turn by a w and why wouldnt it . It usually does. The s
Rishaad we are looking at Southeast Asian banks. A very competitive market out there. We have new entries to make it even more competitive. Have a look at this. This is a bloomberg chart. As jack ma changing lines of partnerships around the world. 450 Million People have limited access to Banking Services and, buying vying for core customers. We have seen how sales at alibaba have been going up exponentially. This will go up with other internet superstars out of china getting into the action. Absolutely. We are always still watching for that potential ipo, that crown jewel of alibaba. Look at the numbers compared to amazon prime day, we are expecting somewhere south of one billion. 18aw sales of almost billion last year for alibabas day. We are around 30 minutes from the open in hong kong and china. Janet yellens testimony to congress is on everyones mind. We are kicking off Earnings Seasons for the Second Quarter as well. Singapore, taiwan, and malaysia are coming on as well. Sophie t
And im wilfred frost. A very good morning to you from me as well. Happy friday. Lets get straight to the Market Action for you. U. S. Equity futures at this hour pointing slightly lower after some gains this week. The dow closing at one of its highs for the year. Its highest close back to july 2015, only on very slight gains on the day. Were expected to open down by 18 points for the dow. The s p by three. The nasdaq by about a point. Not too much action on the u. S. Ten year. The yield currently 1. 77. But a selloff for tenyear treasuries pretty much for the week. Financials are in focus again today as we wrap up a week driven by bank earnings. On the docket today, citigroup. Analysts are looking at 1. 03 per share on revenue of 17. 5 billion. Worth watching here, the bank could give us a snapshot globally because more than half of citis revenues come from outside the united states. Its been more exposed to emerging market swings. It also comes off that decision from the living wills
Im gety of that myself earlier. Im glad you guys missed it. Its also sunday, november 1. Going on toss things over to Danielle Vollmar with a look at our forecast. Danielle good morning, frank and antoinette. Some showers in parts of the areas doorstep. You can see through Southern New Hampshire, western massachusetts , moving in to Worcester County now, from greenfield down to amherst to springfield, all this is shifting to the east. Right now its Holding Together so there could be some showers in the city of worcester within the next hour. Also some showers moving across buzzards bay and it will be moving towards the cape and the islands as we head through the next couple of hours. Its associated with an area of low pressure so all this Energy Moving through right now. Once we get through the morning, in the afternoon, we shouud see some breaks of sunshine. Those breaks of sunshine should lead to warmer temperatures. Starting out in the mid 40 in fitchburg, low 50s in taunton. Mid 50
Same today. Were now joined by meteorologist Danielle Vollmar with a look at our forecast. Danielle this morning waking up to a couple of hitormiss showers around the region. Most of these not actually point. But there are a couple of showers up through newburyport near cape ann, also back through Southern New Hampshire. Some of these near manchester, keene, are actually making it to the ground. Theres more out in western mass. This is all associated with a disturbance thats pushing through right at this point. Now its going to quickly clear out. So as we go through the day, were going to dry out and actually see breaks of sunshine by the later half of the day. This morning, it is mild though in the upper 40s in boston. Already in the mid 50s on nantucket. Mid 40s in worcester. So you can see that temperatures are only going to go up as we go through the afternoon. Especially with a southwest wind. By lunchtime warming up into the upper 50s. Low 60s through the afternoon with some brea