Paul good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. Takes birthday in two weeks helps u. S. Stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election race. Chinas property prices affecting the listed industry. Shery we meet a man who could be taiwans next president. He tells us exclusively how he plans to reassure voters and maintain peace. U. S. Futures coming online slightly higher in the asian session. This, of course, after we saw u. S. Major benchmarks gain ground, tech leading the gains. It was a lowvolume session, not surprising given that august is a slow month, but a small tin can make a big difference. The russell 2000 of smaller stocks fall into a on
Asia. Coming to you live from new york city and hong kong. We are counting down to asias major market opens. Paul the top stories this hour, asian stocks poised for the next open with chinas july activity data ahead. Argentinian assets and in freefall with the government valuing the peso is a political outsider shakeup the election race. Chinas property crisis is rippling into the 3 trillion Wealth Management industry. Miss payments on Investment Products highlighting wide arrests. We meet the man who could be taiwans next president. He tells us exclusively how he plans to reissue voters and maintain peace. Shery look at how u. S. Traders are issuing. We are seeing outside after we saw major indices in the new york session gaining ground. Tech stocks leading the gain, seeing the best day in two weeks. It was low volumes across the board. We are talking about august as a slow month. Even small moves can make a big difference. The russell 2000, smaller stocks, falling to that onemonth lo
Good morning. This is bloomberg daybreak europe. Im lizzie burden in london. And these are the stories that set your agenda. Surprise cut. Chinas central bank unexpectedly cuts its key lending rate by the most since 2020, as Industrial Production, retail sales and fixed assets data all miss estimates. Asia markets are mixed. Donald trump is indicted in atlanta over alleged efforts to undo his 2020 election defeat in georgia, adding a fourth criminal case against the former president. Plus, what Warren Buffett is buying and selling. Well bring you the latest 13 f filings as hedge funds look to gain from the hype over artificial intelligence. Well, good morning. Welcome to tuesday. And it might be august, but its a busy one. Youve got traders betting that the fed is going to keep rates higher for longer. So treasury yields have been steadying in early trading in asia. But you did see the ten year yield climb to its highest since november yesterday. The two year yield, which of course is
Economists were expecting at least a 4 . Property investment is a sore point, still eight. 5 down. Worse still 8. 5 down. A slight pickup in the jobless rate. I cannot seem to find a be. It seems like a miss across the board on activity numbers coming through. We are still waiting on some other numbers. In some ways we thought this would be soft but not this soft but the rate cuts in the seven day. Markets are not really reacting as much. Yvonne currency continues to be something traders are ignoring, pboc fixes given the pressures we are sitting on the currencies. Yields are taken higher globally. We could be seeing a scenario of 754 china but looking at how markets do say were seeing slight declines so taking it in stride right now. Maybe a cushion in markets in terms of sentiment. The retail sales print is the lowest we have seen since last december. National bureau of statistics should start their press briefing to give more context. And we have helen chow out of bank of america. W
Supervisor peskin present. Supervisor preston present. Supervisor ronen present. Supervisor safai . Is absent. A supervisor stefani absent. Supervisor walton madam clerk use the mic please. Im sorry. Oh, im sorry a can you hear me now . Supervisor walton is present and we have quorum. And thank you, madam clerk and ill note that supervisor safai reached out to me will be delayed but im going to grant that request. Could you please read the Public Comment. Yes. Yes. Remote participation members of the public may attend the meeting to observe and provide Public Comment at the physical meeting location listed above or may watch sf cable channel 26 or 99 depending on your provider or may visit the sfgovtv website www. Sfgovtv. Org to stream the live meeting or may watch them on demand. Location legislative chamber, room 250, city hall watch sf cable channel 26 or 99 depending on your provider watch www. Sfgovtv. Org streamline sfgovtv. Org to remote phone number 1 415 6550001 access code 2