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Kingdom. And ahead, the future for the Company Formerly known as twitter. We will sit down with x corp ceo coming up in the next hour these are numbers that you want to see if youre bull earlier this week there were a number of articles about how we overbuilt apartments and theyre about to come on if thats the last sicking point, the fed cant dough claire victory i think they should do one more just because you want to be sure that the vampire doesnt rise up but this is going jays way. Its not a soft landing or hard landing, its a glide. And the dichotomy, i think that theyre fanciful and speaking more fiction than fact it will be welcome news to those who are long, for example, fang or what we like to call the magnificent seven. Were down, what, 4 and theres negative news out there for nvidia someone saying they cant deliver all the chips. Youre not allowed to say true or false it is not a great move for fang. I do think the tr ....
That company, Michael Evans, thats one you dont want to miss in the meantime, lets get to eunice yuan in shanghai. Well get to her in a moment eunice, good evening, good morning to you hey, guys well, its just past midnight here in china, meaning that singles day has kicked off and hundreds of millions of chinese across the country are going to be shopping until they drop. Maybe not necessarily until they drop, because they are probably at their houses online in their pajamas. Were seeing over the next 24 hours theres going to be a lot of shopping. People are talking about it on social media its a top trending topic. They are buying everything from smartphones, tvs, dog food one company said they are going to be offering a lifetime supply of chinese liquor for 11,111, thats about 1,700. This year there are more International Brands that are taking part than ever before 6 ....
Surging 60 to nearly 6 billion. We have world coverage here on daybreak asia, we will be live in hanoi ahead of the summit this weekend. We will also be live in washington, d. C. Ahead of trumps visit to the middle east. This is daybreak asia live from bloomberg costs bloombergs asian and new york headquarters. I am a Ramy Inocencio. Yvonne i am yvonne man. After that brutal selloff on thursday we are seeing a little, returning to the markets. President trump trying to whether this political storm, denying he tried to quash the fbi investigation. There is still cautiousness over where the probe will go. Ramy we did see optimism in u. S. Markets. The s p 500 up 4 10 of 1 . Economic datas. Outweighing the political storm, political storms, i should say. Yvonne absolutely, jobless gains in manufacturing data, with the dollar rebounding among its peers. Lets check out the Asian Pacifi ....
Good morning its thursday. We have another jam packed show for you. Lets kick things off with a look at the European Equity markets. We are fairly even steven. We are looking at a 0. 1 decline for the stoxx 600 this morning weve lost a bit of steam in todays trading session after three days of gains. Lets look at the european markets one by one the ftse mib in italy hanging on to some marginal gains elsewhere, the xetra dax, cac cac seeing small declines. We have plenty of data out today in the form of july retail sales, eurozone inflation and the ecb minutes. When it comes to the sectors, were seeing once again basic resources leading the charge up 0. 6 , this comes on the back of strong gains in that sector yesterday on the back of chinese construction spending. Today metal prices are flying once again lets come back to the big story of the day and of the week President Trump ....
And in europe, some of the early trading, you see some modest declines there ftse is the biggest decliner, down by a quarter percentage point. Look at whats going on with the dollar the dollar which has been under pressure broadly for many months, you can see its up against the euro today at 117. 06 down against the yen at 110. This morning wti down another 7 cents to 46. 71 President Trump disbanding those two Advisory Councils, the announcement coming as one council was dissolving already the president in bedminster, new jersey eamon javers is nearby in bridgewaters eamon . The president will wake up here in bedminster, new jersey to a changed landscape in the relationship between Corporate America and the president of the United States. We saw this dramatic ....