fed president robert kaplan this hour. president trump orders chinese to shutdeo app tiktok down in the u.s. next month unless there is a deal with microsoft or another leading american company. breaking news out of south korea. the cpi numbers for the month of july year on year, a growth of 0.3%. this is of course after inflation remains flat for the previous month year on year. we have seen somewhat muted demand. perhaps weighing on the month on month numbers. we are seeing inflation at zero growth. this really missing expectations that prices would rise 0.1% if also inflation is decelerating from the previous month of june. core cpi take out oil prices, and you get a rise of 0.7%, in line with estimates, and slight acceleration from the previous month. we have seen brent crude prices recover somewhat from april s slump but still down 38% year on year also. the are also expecting tokyo inflation numbers within the hour so take a look at what japanese futures are doing at th
the global supply chain factor. early facebook investor roger mcnamee joins us for what the virus means long-term for companies like apple and tesla. paul, dramatic day for the markets and elsewhere. why are you following? paul: tuesday trading day in asia, i guess the question is, to far is this stone going think? a drop asoking for well, about 2.5%. nikkei futures, big hit, 4%. south korea had one of its worst days and 17 years on monday. japan of course playing catch-up because monday was a public holiday. take a look at currencies. the aussie dollar hit the yard over the past 24 hours. currently just hanging on above $.66. the aussie 10 year continuing to slump toward historic lows. of red. uyh a lot in the u.s., stocks tumbled. three benchmarks slumped. good to abigail doolittle let s get to abigail doolittle in new york. abigail: the markets selling off in a big way. here in the u.s., a three day slide. this is the worst of those three days. friday, the disappointin
oil slides into a bear market as trade tensions add to slowing demand. brenda cost 20% since its april high. cost 20% since its april high. shery: stocks rebounding. treasuries paring back some of the earlier sturges we saw this week not to mention the dollar surges we saw this week, not to mention the dollar. we had brent falling more than 20% since its april the and sliding into a bear market. this despite the fact that we are seeing eight consecutive weeks of your talk piles declining u.s. stockpiles declining. 1.4%.sdaq gained let s futures at the moment under a little bit of pressure, down .1%. let s see how things are shaping up in the asian markets as we have a few central-bank decisions. sophie: it could be a mixed start for the asian stocks after a five-day loss with several major market threatening to join the kospi, writing our year-to-date gains. wiping out- year-to-date gains. check out tv stocks, jumping 1% one hour into cash trade. 10-year gilts hovering ar
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tech help to drive some of the , a lot of investors will be watching inflation. it is a chart that we re quite there with. the pce which is the most some of piece of data the fed watchers out there say the jay powell might indicate what the fed can tolerate inflation above 2%. and it is a position also held by the minneapolis fed presidents neel kashkari. there is a collision course between what was he on the fiscal side of things as well. address the spending plans from the white house. and it is increasingly likely that we will speak about it. what would that overshooting inflation. queen of the market reaction was pretty positive to all the headlines today. the s&p up over 1%, the dow adding on another. nasdaq also higher by over 1%. volume a little bit lower than what was expected. stockith some of the big stories today. we had some big stories. ge was one of them in at the ceo came out and said that there might be liabilities for some of the subprime that the company