the protest continues for a 21st weekend. we are standing by for election results in argentina where the president is under pressure. we will be live in buenos aires for the latest. paul: let s take a look at how we are shaping up for the start of a new trading week. higher .1%.pointing we did of course the u.s. equity markets finishing in positive territory on friday. earnings season progressing better than expectations. nikkei futures trading out of chicago, stronger by .1% and the kospi looking to be in positive territory. no trading in new zealand. new zealand markets are closed for the labor day public holiday. let s check in on four times. su: firefighters working to contain blazes. nearly 200,000 people. homes in and one winery have burned to the ground. governor gavin newsom has declared a state of emergency with nearly 3 million people without power on sunday. the result of argentina s election is respect expected. facing opposition from alberto fernandez. this
brian sullivan is off today. if you re just waking up, let s get you up to speed on what s happening right now following yesterday s major selloff on wall street. as you can see, the dow jones would point to a 250-point rise at the open if these pre-market gains hold into the opening bell the s&p up by 29 points. the nasdaq up by 97. we have some big breaking news out of china just the past few moments. china s central bank cutting reserve requirements for its lenders by 100 basis points, that s 1%. it will be done in two different tranches let s check on those asian shares from the overnight session. the nikkei off by 2% this is the first time that they have opened for trading since the new year holiday the hang seng up by 2% the shanghai up by 2%. on perhaps some optimism around trade talks kicking off between the u.s. and china into next week looking at europe, the positivity also there as well. the european trade predominantly green into the strong side the dax up by 1.5%
oil producers hit and at extended curbs. they tell us the strategy is working. ramy: good morning, david, and good morning to our viewers across the asia-pacific and around the world. what we re talking about this whole weekend, the government shutdown. right now, partial, but how total will it get? looking at markets on friday, equity markets closed at record highs for the s&p 500 and nasdaq , but we were talking in the past hour about whether it could hit gdp. it depends on how long it lasts. the longer it goes, the more pain we might see. david: certainly. will it affect risk sentiment? maybe not, we look at indicators. by the looks of it, we might continue the run. running,nd is up and have a look at the markets there, a jump up there. 8334 right now. the dollar is down again. we are moving slightly into earnings season. look at australia, coming off a 40 skid for that market. cents on the currency there. 288 on the yield, approaching the10-year approaching gap for
bellwether companies of the new economy. the tech sector makes up 20% of the s&p 500 by the way, tonight both companies, which you likely own through your mutual funds and 401(k)s, they failed to wow investors. first, apple. the world s most valuable company, reported earnings of $1.85 a share. revenue was slightly better at 49.6 billion. what s the problem? despite selling more than 47 million iphones in the quarter, yeah you heard me right, it was the company s weak outlook that sent shares initially lower. a lot lower after that report. josh lipton has the key takeaway from apple s results. the big number in apple s latest earnings report 47.5 million. that is the number of iphones apple said it shipped in the quarter, now, that was up 35% year over year but was also basically in line with what wall street expected. analysts had forecasted apple would ship some 47.3 million iphones in a conversation with apple s ceo tim cook. he told me that only 27% of the company s ins
bellwether companies of the new economy. the tech sector makes up 20% of the s&p 500 by the way, tonight both companies, which you likely own through your mutual funds and 401(k)s, they failed to wow investors. first, apple. the world s most valuable company, reported earnings of $1.85 a share. revenue was slightly better at 49.6 billion. what s the problem? despite selling more than 47 million iphones in the quarter, yeah you heard me right, it was the company s weak outlook that sent shares initially lower. a lot lower after that report. josh lipton has the key takeaway from apple s results. the big number in apple s latest earnings report 47.5 million. that is the number of iphones apple said it shipped in the quarter, now, that was up 35% year over year but was also basically in line with what wall street expected. analysts had forecasted apple would ship some 47.3 million iphones in a conversation with apple s ceo tim cook. he told me that only 27% of the company s ins