Is the first air travel bubble of its kind. There we go. We should be watching airline stuff as well but a lot of that thisready priced in after bubble was announced a few weeks ago. A have a look at the tech index here. Alibaba and tencent on the market at the moment. They are taking 179 points off the hang seng index itself. That is as we are seeing this rotation out of tech stocks, a global phenomenon at the moment. This will be because of the regulatory challenges we will be facing through some of these online retailers. Juliet . Juliet lets get Market Analysis with patrick, the global asset strategist. Patrick, we are finally getting this news of this travel bubble between singapore and hong kong. This is one thing that investors have been looking for when we start to see Global Travel open up and how that will feed into the energy markets. Lets get to our question of the day. That is when will crude back to these march highs . What is your view . Patrick morning. We are not speci
Thanksa list yesterday to amazon packages. Yesterday was a key point for the nasdaq at 9000 word we also have a record high. 9000. We also have a record high with apple. A good litmus test when it comes to risk. Ecb Commission President that they may be having to have an extension for the transition. Itiing up, we speak to the c chief u. S. Economist and get his outlook for 2020. Lets get straight to first word news in new york city. Israel wheren Benjamin Netanyahu fought off challenges to his leadership. He won a landslide in the race to lead his party. He will lead it into israels third election. It comes amidst an election scandal for the Prime Minister. He has recently been indicted on charges of bribery and fraud. The transition for the u. K. s exit may need to be extended, according to ursula von the lion. According to ursula. She says the plan to secure a trade deal by the end of 2020 is optimistic. And a false alarm japans estate broadcaster, who mistakenly issued at alert say
Likely that the takata airbag recall will, in fact, be expanded. We dont have the numbers on that. That Conference Call is still underway. Well get back to more details as soon as we have them. It is 4 00 p. M. At ab where i road, and squawk alley is live. Welcome to squawk alley as a wednesday. Also, this morning the founder and editor in chief at the information. Cnbc contributor jessica lessin. Good morning to you. Good morning, carl. Got stocks at session highs here. Dow is up 145. Our first story this morning arks organized to the journal, the relationship between ups and amazon is going south in a hurry. Amazon is the biggest account for ups, worth 1 billion with the Company Becoming increasingly unhappy with rising shipping costs. Amazon is already looking to expand its open delivery infrastructure and is apparently hired over 40 ups executives in the last three years. Jessica, the journal says they argue that upss root structure is becoming obsolete. This is a classic case i th
Later on will be paul krugman slamming germany. Question,ssic german we want growth but stay within this pact we agreed to. In the u. S. , personal income and spending at 8 30. At 9 45, chicago purchasing manager index and then the university of Michigan Consumer confidence. Heavy data day, given that it is the friday before labor day. Earnings, big lots. Markets in india are closed fora a hindu festival. 8 00. On indias gdp at european Foreign Ministers meet in milan. Wonder what they will talk about. Westminsterl be in today. I will take this to the traffic desk with scarlet fu. New rochelle and tarrytown. Hes staying overnight to attend a wedding. Scarlet fu in the traffic chopper. The traffictan, shuts down, what do you do in the suburbs . They shut down certain streets. You have to get around everything. Were warned, north of new york city as the president has a little on his mind. That on bloomberg surveillance. Lets look at the data stocks, bonds, currencies, commodities. Future
This as interviews are expected to start this weekend to fill the vacant fbi position. Well tell you who are the reported candidates. And a deluge is expected up and down the northeast corridor this weekend, floodinging and high winds. The latest forecast, ahead. First, police and a new action from President Trump denying records he asked former fbi director james comey for his locality at a dinner back in the white house in swrarn. Here is what the president said in an interview that will air in its entirety. Do you think its inappropriate. Did you ask that question . No, i didnt. But i dont think it would be a bad question to ask. The loyalty to the question, loyalty to the United States is important. You know, it depends on how you define loyalty, number one. Number two, i dont know how that got there because i didnt ask that question. Meanwhile, new reaction from house intel Ranking Member congressman adam schiff on why the Russian Investigation matters even more in light of trump