Businesses are failing, tourism has collapsed, and confidence is shot. Sweeping new security loss for hong kong later on tuesday after imposing visa bans on americans it says are interfering in its affairs. Look at the take a set up after the u. S. Paring back some of the gains. Betterthanexpected housing data overweighting these continued can turns and continued resurgence. Continued returns and continued resurgence. Sophie. Sophie futures are pointing higher. Chinese pmi is expected to show some stabilization from manufacturing while Services Face a setback. From south korea, we are getting a may industrial output. That was a bigger contraction than the expected 4. 5 via well vol that was seen in a survey. Nikkei futures in chicago heading higher and this is adding up the topix for the best quarters 2016. Since 2013, for the last of market rights, raising concerns with heavy concentration on japanese growth stocks. The yen wrapping up a sleepy quarter. Valuations as cheap as they com
With tim cook. And one company is shrugging off concerns about an economic slowdown in china. Well tell you which one it is. A moment of truth for lyft as insiders get their first chance to sell shares at the open stocks are set to build on fridays rally, were heading into this mornings trading session, the dow is within 394 points of recouping all the losses from that wednesday selloff of 800 points is the economy at risk of recession . Take a listen to what the president and some of his top aides said yesterday i dont think were having a recession. Were doing tremendously well. Our consumers are rich i gave a tremendous tax cut. And theyre loaded up with money. And theyre buying i saw the walmart numbers, through the roof. I dont see a recession we had some blockbuster retail sales consumer numbers towards the back end of last week. We had the strongest economy in the world money is coming here for a stock market also coming here to chase yield and our bond market. Vice president tod
Alix all of this in preparation for a bilateral that will take place with President Trump and president macron later today. Beautiful shot there. David this is live, im told. Theyve been overlooking this for some time, watching the flyover now. Alix in the markets, we are also taking a look at european banks. The latest is that commerzbank and ing are now talking for a tie up. The governments have been talking to each other after commerzbank and Deutsche Bank make any headway. David and where does that leave unicredit . It appears germany is really interested in ing. Alix we are going to hit banks as well. We have the ecb decision later on this morning, front and center for the overall market. Equity futures still a little stronger as we head into that meeting. Eurodollar is what we want to watch. It is a broadly weaker dollar story. The euro and the yen on the rally. Into thebuying come bond market. Kind in a bear market, now of stabilizing here after a real wipeout yesterday. David r
Fed shrinking the portfolio. Well discuss with don kohn. 59 mupinutes left of trade today Communication Services and technology that lead the declines in terms of sectors in the s p. Consumer discretionary and industrials the only outperformer. Dechfense contractoring lift apple is lower ahead of the results. Now to the reporters on earnings dom and josh dom, lets start with you. Morgan, wilfred, a lot of numbers. We are at the quartermile mark. 27 of companies within the s p 500 reported their numbers and of those 27 of the companies 74 of companies have beaten analysts estimates and 24 missed estimates and a positive start to the earnings season with regard to growth, it is still a positive story there, as well with the companies that reported and if all other companies in the s p report as expected, we will see a gain in earnings per share by about 14. 2 meanwhile, well see a gain in overall revenue 5. 6 generally positive theme check out whats happening with industrials and energy