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David a very good morning to all of our viewers joining us right now. New trading week. Lots to talk about in the markets. Shins and up and running as well. Focus will be on where we go with those markets. No one knows until we get there. Lets get a lay of the land of how things look. Where does this really set us up as we get underway this monday . Have a look at it at our bloomberg chart. G btv 7910. Into thursday, into friday, that little gap, more than a massive gap. Really push the market to extreme levels when you look at markets. 56 of constituents on the shanghai composite are now in oversold territory. Does that necessarily mean we will get something into that market, that really depends on where the herd goes. Will that be enough to restore confidence in that market . We were down almost 6 , 7 at one point. Friday that market has opened up. It will open up in about 25 minutes from now. Haslinda china was most overbought in kenya. It has put things in perspective, given that t ....
This hour. Microsoft rolling out 3d capabilities in the latest windows update. Home sales unexpectedly climbing in september, up 3. 1 . Stocks roll off their session lows at this hour, the dow was down triple digits at the open. Nasdaq still in the red, the other two averages have gone green. Melissa . Thanks, michelle. Welcome, im melissa lee. Power lunch coming to you coast to coast today. Brian sullivan is live for us in sunny san diego. Whats on tap . Thank you very much. We got a big two hours for you from one of the biggest investment conferences in the united states. Jeff kline coming up, he says there is one big potential positive for the stock market that nobody is talking about. Well find out what that is. What is the overall mood here. Are people nervous . Bernie clark will join us. Big thinker, novelist, generally smart guy, Malcolm Gladwell, your guest coming up as well. Well talk about the markets, talk about the e ....
Flat, fractionally higher from fridays close. The aussie dollar in focus today, a little weaker, . 76. Rva expected to keep it at 2 tomorrow, but increasing sentiment that rba has to cut. ,outh korea getting other way fractionally higher. Korean yuan down, but strengthening. Now, and5 online right this is the view. Futures had been pointing to a higher open, and now we are seeing a selloff. It is still strong yuan right there. Has finally got his hands on sharp. Chairman of foxconn technologies signed a deal for a controlling stake in sharp, saying he respects its innovation and leadership. Sharp shares surging in tokyo. Our tech reporter joins us right now. It has been a long, hard chase. Is it really over . Good morning. The money is literally in the bank. Transferred ¥100 billion to sharp on march 31, ending the chase. Finalizing the deal, a sale of ¥400 billion of new shares to give it full control. As the dust settles, the attention turns to the turnaround ahead. Angie aside fro ....
Percentage points and australia down after the bank to bring Interest Rates lower. Lets take a look at what happened in europe, youre going to see, at least in the early trading there, european markets for the most part are in the red. The dax down by 0. 75 . So is the cac in france. The ftse is down by 1. 3 . Finally, a look at crude oil prices yesterday, they pulled back again down 1. 13 to 43. 65. Wti is sitting in that same position at 43. 51. Were going to politics but first the top headlines this morning. The biggest one being this, takata expected to announce it is recalling 35 to 45 million more air bags in the United States. This is going to double what is the largest and complex safety recall in u. S. History. An official announcement could come as soon as today. Separately, a bidding war is brewing in the pharma sector as joe said. Pfizer approaching cancer drugmake ....
He died today at his home in ham burg at 96 years old. Cory i am cory johnson, in for emily chang. Coming up, emily sits down for an interview with one of the top executives of xiaomi. Apple shares drop after wall street analysts say there is weak demand for the latest iphone. Tmobile betting that free video streaming will drive user growth. Will the move hurt more than it helps . Hourly bottom betting that shopathon will reverse a plunge in market capital. Ma will answer the call for National Champions in technology. Emily chang is in beijing with this report. Emily we are here at the water cube, the olympic venue where Michael Phelps won 8 gold medals. Is kickingre alibaba off single day, the biggest shopping day of the year. It dwarfs cyber monday, black friday. Last year, 9 billion were conducted in transactions on alibabas platform. This is a day they invented to enc ....