Join us for his first interview since trading began. Its a good day. The showdown between the u. S. And china over tiktok and wechat is coming down to the wire the white house saying downloads of the app will be halted on sunday get them while you can if you want them. We have the latest details power lunch starts right now as tyler mentioned, were watching big intraday sell off in the tech stocks the nasdaq down 2 apple down around 3. 5 lets bring in dom were just hovering right above the section lows thats sell off accelerating throughout the course of the last hour on the exchange. The dow industrials down 331 points over 1 declines 1. 5 for the s p 500 and in nasdaq continuing that volatility we have seen as of late down almost 2 here here is a key level to watch 10,995 what that represent s the 50day average price for the nasdaq composite. Remember, were still not that far away from record highs we will continue to monitor whether we find a bid. Some would argue the valuations are
A daunting proposition when the weather is going to turn to 97 degrees later this week. To the day,his is, the anniversary of when it happened in 1997. Questions. A lot of in the meantime, it is a quiet morning ahead of the u. S. Open. Some muted price action. Brent crude reaching the highest level since may. German three year yield dipping a basis point. On theg market currency heels of a less bad that expected gdp report from china. David today we mark the beginning of a big week for bank earnings. At 8 00,with citi tomorrow. Y jp morgan we also get retail sales and Industrial Production numbers. Companies Tech Companies face questions on capitol hill. Netflixy, we get earnings. Thursday, gm unveils its own new made engine corvette. In british open begins northern ireland. That is all coming up this week. We are joined today by Gina Martin Adams and damian sassower. Lets start with those china numbers. I will put up a chart that basically shows what happened. It was the lowest on rec
Rishaad going to bring you up some history. Another record for the s p 500 recordht good 2017s year does not necessarily mean that 2018 is going to be a bad one. Lets bring up for two to three. Ityou have a great year, means quite often that you will get not a good year the following. Thats the synopsis we have going back to 1938 todays game, not tomorrow spain. The s p 500 on track for a 20 increase last year. It was matched 20 times in the last 80 years. Higherck market was three quarters of the time averaging 89 return here in averaging a 9 return. Haidi what is incredible is that we are not seeing a rotation. Were seeing a continuation of the tremendous tech rally. Here in asia, we are picking up on that positive energy. Not just for the s p, but also records for the nasdaq. Depressing 7000 points. Tokyo still off until thursday. Asia markets feeling this positive start to the year. Japanese investors can enjoy their holiday a little bit longer. We do have docs continuing to gain a
2020 olympics. Will this be another golden week for operators . We are live. Said to be aeek is bumpy one for those casino companies. On your bloomberg panel, 1975, this is what we have at the moment. Galaxy entertainment in the yellow. That made a strong showing of late. It is down to the high rollers. They have been driving Revenue Growth for the 14th straight month. Estimates are 16. 1 . Theyre looking at 14 , the estimate there as well. What about the prospects of this month as well . They are expecting their betting volume to surge between 30 and 35 from last year. They really are wants to watch when the trading day gets underway here in hong kong. Lets have a look at our markets we are tracking. Looking at the equity space here, you can see stocks in wellington and sydney on the back foot. They are snapping a threeday rise. You have stocks in the malaysia, singapore and taiwan joining the nikkei 225. We are seeing the dollar pick up , adding 2 10 of a percent. Riding a july 2017
Speed in getting them. This is the president s most important domestic agenda item. When are you going to get itp assed . It will be in the presence it will be on the president s desk by them. Says theygroup ceo are raising for a hard brexit. In 00 a. M. Here, 4 00 a. M. London. Here, doingrkets very well amid the morning session. Coming in 19 some 1 on the highly index over a, a milestone here. Midmorning, at 207 peak. We will be looking at a new alltime high. Have a look at the broader picture here in the asiapacific. Japan still in the mix, 1. 8 gain. Dont be surprised if this gets a 24,000. More strength coming through in this market. The only thing across markets here, use of, is here. Send yousef, is here. At the bondk market, its fairly pronounced. N yields a big risk on session, yousef. As is coming back into the equity space. Here are some other Asset Classes in focus. We had u. S. Crude inventories out overnight again. Climbing to the highest in more than three decades. Talk