There watching day vacation live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just come online, asian equities set for him next open. Amazon and intel jumping read chinas foreign minister is set to meet with President Biden after talks with Antony Blinken in washington and ftx founder Sam Bankmanfried struggles as he testifies at his federal trial. Annabelle im going to wait a few minutes until that becomes online because it seemed like a sentiment shift in the final 10 minutes. The futures contract reopened. It had closed to negative and came online in the last 10 minutes into gains, so the impact of u. S. Earnings from amazon, intel is better than expected. Better numbers, stocks rising, telling us how much of an influence those numbers are having. What else is helping as the pullback in treasury yields and so that is being reflected in the three year and 10 year, the softer dollar the aussie is firmer against the greenback. Asx 200 is
Samsung. But also how it points to this bottoming out in the chip market and potentially the recovery for semiconductor demand. Were actually seeing sk hynix starting today on the back foot, sliding about 3 now is investors digest that scorecard. Potentially what we got from med is bringing from meta is bringing the downdraft into the korean session. The outperformer among the asian currencies looks to be reversing some of that today. We also have the open in japan. One of the things we will be watching out for has been the japanese currency which has breached the 155 level. This has got to do with that yield gap as we saw the way u. S. Treasuries were coming under pressure overnight. But now that we are watching the yen at the weakest level versus the greenback in about 30 years. Consider how back in june 1990 when it breached 155, it was a matter of a couple of days before it reached the 160 level. Though there is some skepticism as to whether we will actually see intervention by the
Thank you for reminding us it is tuesday. I nearly said monday. Just about caught it. Lets check on Global Markets this tuesday morning. A muted session overseas as well look at u. S. Futures right now. They are indicating a higher open, which would technically mean a new high for the s p 500, which right now is up about 4 points in premarket trade. Dow jones seeing a gain of 40 points. Nasdaq up just about 12 points here in premarket trade. I think the story from last week was the trump reflation trade was back. We got between 1. 5 to 2 of gains. The bond proxies underperformed, and banks led the way. The one part of the trump trade that did not take part was the dollar, which we can come into more detail later. Lets look at the tenyear treasury note. Yields spiked in the middle of last week. They did settle by the end of the week. For the week as a whole yields were up. They did rise late friday and over the weekend, 2. 45 the yield there. Patrick harker the latest fed member to add
Lankford has released his report. In the first 45 minutes we will take a look at some of the findings but we also went to hear from you. If you had the ability to cut a Government Program, what program would you cut and why . For republicans, 202 7488001 for democrats, 202 7488002 for independents. If you are to share your thoughts on what Government Programs to cut on email that is journal at cspan. Org. The Washington Times takes a look at this report released yesterday from the oklahoma freshman republican james lankford. He writes that he replace senator tom coburn who for years was singling out 100 item spending 105 billion in spending and 800 billion and regulatory constraints on the economy that he says the government should rethink. One of the things he found targeted the small and the big. Of those programs the 5,000 National Parks documentary on roger howell. Social securitys practice of Social Security benefits and Unemployment Benefits of the same person. There are other fa
And two german giants report earnings. We will report the numbers as they come. Welcome to countdown, i am mark barton. Also coming up, almost a Million Dollar tribute to the late marvin gaye. And the late lawsuit. Net income falling 17 . Seems to be below estimates. Analysts expecting a drop. Earnings before taxes, down 1. 9 . 905 Million Dollars. Analysts were estimating 94 mine dollars. What is important is the projections for 2015. The company has confirmed the forecast for 2016. They will pay a final dividend of 85 euros. Those are the headlines. Stay with us. Later this hour, i will check with the chief executive. The strongest euro in a dozen years. Concerns about corporate earnings. Ftse 100 fell 2. 5 , pulled it down by commodities stocks. The swiss market was not hit as hard. It was buoyed by the news at Credit Suisse. Lets focus on Credit Suisse . A bank in transition. The new man at the top will be the announcement of his replacement had an immediate and positive effect on