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BBCNEWS Asia Business Report July 13, 2024

And the news app. Now on bbc news live to singapore for Asia Business report. Us stocks close at you record highs we look at what is causing the optimism. Virgin galactic on the stock market debut. Good morning asia, hello well, glad you could join us. Lets kick off the programme with the us stock market because on wall street, the snp 500 index close at a fresh record high overnight. Equities gained with optimism over the progress of the us china trade dock and the Federal Reserve is expected to cut Interest Rates again this week. We have had earnings from alphabetic, beyond meat and t mobile. Earlier i asked whether the trade talk and rate cut expectations were masking general wea knesses expectations were masking general weaknesses in corporate earnings . Certainly that is the case. We are seeing any deal possibly sig ....

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CNBC Closing Bell July 13, 2024

Concerns over software and tech stocks lower weve been up, down, all around for the markets today. As we stand, though, with 59 minutes, were higher on the dow, lower on the s p. Joining us for the full hour, from capital usa, keith, good afternoon to you. Thank you, wilf. Earnings been Strong Enough so far or have they been resoundingly strong this week . Theyve been strong so far. I think the markets have been less than vigorous, shall we say, the last couple of months i think well enter a period less vigorous than it was before thats going to be a key component for how we evaluate the economy and market Going Forward. Lets check in on the markets. S p 500 down by about 0. 1 and the dow higher by four points so far. Retail sales, and eamon javers has the latest on trade lets start with wilf on the banks. Bank of america reported this morning. They continue to feed from yester ....

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BLOOMBERG Bloomberg Daybreak Asia July 14, 2024

We will look at the performance of asian makers and hear from General Motors. Lets see how things are shaping up for asian rackets. Markets. Roilings tweets are markets and the stocks look to be opening at a low. Taking a look at nikki futures, down a little more than 1 . This brings on the prospect of more retaliation. That will be way down on the. Hares of these Asian Companies especially when japan opens, we will be seeing whats going to happen between japan and south korea. We are expecting the Prime Minister to have an announcement about how they treat those south korean companies. Looking closely ahead to that as well as checking on the commodities later. Sophie thanks so much. Checking in on the terminal. Oc been numbers coming up, rounding out the three big lenders. Net income at 1. 22 billion compared to the es ....

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CNBC Mad July 3, 2024

Cap then i put it down not on my head but on the desk of my day job on jacsquawk on the street i wouldnt put it on was i concerned about a jinx the dow dipped and the nasdaq gained 0. 65 led by the semis. I dont think not wearing the hat was about a jinx but something more pernicious, frankly. Back in the 80s and 90s we celebrated each millennial milestone on the way up. They were hard fought and sometimes they were trapped when the dow was stuck in the 2000s from july of 87 to january of 1992, a crash like we had in october can do that sort of thing. Other times we breeze through the milestones lost some hats, beautiful days then came the turn of the millennium and while the dow held in there the 77 collapse of the nasdaq was too much for people to handle a whole generation of investors vanished many never came back those that did came back, they got crushed by the Great Recession when those round numbers reversed and reversed h ....

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BLOOMBERG Bloomberg July 3, 2024

Welcome to bloomberg markets. Green day across the screen. The s p 500 up and the nasdaq 100 2 higher on the day. Both indices down on the week but the earnings love it hitting the take and the two year yield 30 basis points and whipped sign for the week but below the 4. 80 level. The 10 year below 4. 50 on the day. Breaking ism Services Data crossing the terminal. We have bloombergs mike mckee with the details. Michael if you are trading on the economy slowing down, keep doing it. The ism Services Number comes below 50, the line that is supposed to demarcate between contraction and expanses. Services pmi 40 9. 4, lowest since december. A rebound on for the moment. Production at 50. 9 and new orders at 52 point two, both down a little from where they had been. Employment comes in at 45. 9, still below 50 and just confirms what we saw in the services and overall jobs numbers t ....

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