Industry leader this hour. Masayoshi son the company is forecasting a massive loss for the year has investments in startups shery lets get you started with a quick check on the markets. U. S. Futures supported at the moment after u. S. Benchmarks ended the session mixed. This ahead of earnings season kicking off officially tomorrow with j. P. Morgan and wells fargo reporting. Afterutures up. 3 , this the s p 500 rallied almost 25 from its march low. Nikkei futures also gaining ground. 4 . We had a little bit of strength for the japanese yen in the overnight session as we saw more safe haven bids play out during the u. S. Trading session. This of course as we saw japanese stocks falling in the previous session. We have been trading most markets away on holiday. Today, only india is off. Crude prices rebounding from losses in the previous session. We had seen crude under pressure despite opecplus managing to strike a Historic Deal to cut output by nearly. 1. Market sentiment guided by wh
The key levels we are looking at, the bloomberg dollar index, hinting at a critical level. Sterling has not been at these levels since the beginning of may. Optimism of perhaps not a hard brexit taking place but a deal could be done. We will have a guest from jeffries and we will ask if there is too much baked in to pound. The euro gaining traction. Seven weeks highs we were at earlier with the euro. The Australian Dollar moving slightly to the upside. 86 for the aussie. Looking at new york as we get to first word news and su keenan. Tradeina is offering a olive branch that could survive rising tensions over the hong kong autonomy bills on capitol hill. After President Trump announced the sides had agreed, phase one of the deal, beijing going to tackle the forced tech transfers that are a key issue for the u. S. Makehinese government will sure of equal treatment in china for companies. Trump it will be one of the biggest deals. Now we are getting a papered out but they are getting it p
Markets overall we have pushed higher the s p up. 2 . There are plenty of individual stocks on the move, including wells fargo as the best performer in the s p onward that it will have a new ceo. That ceo has a lot of banking experience. A couple of little quirks. Generally, people are happy with him as that wells fargo ceo. Micron is down, disappointed and a big way when it came to its earnings and growth forecast. Some analysts are being easier on micron saying this is the lowest point it will see, the bottom. Also, expectations were too high. Citi is saying expectations were too high. ,uy the stocks are fluctuating investors may be looking past the Political Drama in washington, trying to focus on a mixed bag of economic data. We also have the chinese stories still rumbling along. How do you price this . That is the challenge. Price the Political Risk right now . It is on both sides of the atlantic. It is enormous. It dominates the headlines. Thetrying to figure out, if pricing mech
Last hour. For 1. 8rts citizenship million people. Betty once again, the focus is on the u. S. Dollar here in the markets, and be bit to President Trump to come back at that hosts, reiterating a strong policy, and treasure to treasury had robert harris, let us pull up a chart for us history nuts. It just shows you how much the currency has swung according to different policies that the administration has put in place. Take a look since the 90s when we had the strong dollar policy and a place, it has fallen and strengthened. It begs the question, how much do markets really a leave believe the u. S. Administration does have a strong dollar . Yvonne leading up to what we saw, it was interesting because they were talking about how japanese currency was too weak and they want a stronger japanese currency, and then it started to hurt the economy once we saw the dollar we can. You see gyrations going through here, and when you hear the president talk about currencies, people actually listen.
Strict new rules to limit Carbon Pollution from power plants. This plan seeks to reduce Carbon Dioxide emissions by 32 from 2005 levels in 15 years. Thats 9 more ambitious than the rule proposed last year that was subject to a Supreme Court ruling last month. Environmentalists say it would be roughly the emissions equivalent of taking 150 million cars off the road. The epa says itll eventually save the nation 45 billion per year. Opponents say the total opposite. Thats what opponents do. They say that the development of alternative Energy Sources like wind and solar will raise electric rates across the nation, and they say the regulations unfairly target the coal power sector which is the nations largest source of electricity right now. Weve got it all covered. Were less than an hour to the closing bell, lets start the countdown. Liz well, that didnt take long. Breaking news, even before the president revealed new epa rules, six governors and a bunch of Utility Companies already pounci