Down almost 3 at one point. Jack ma said to surge up the wealth table after a mega dual ipo. Expecting to raise almost 35 billion in hong kong and shanghai viewed Sheldon Adelson rolls the dice in las vegas. He is said to be extorting the sale of his flagship casino which cost more than 6 billion. Shery lets get started with a quick check of the markets right now. We are seeing u. S. Futures opening pretty flat after we saw u. S. Stocks falling the most in the month and the regular session. The s p 500 down 1. 9 . It was the biggest drop since early september. We have the ongoing fiscal stimulus impasse, now on its third month. We also have surging coronavirus cases. Boeing falling on chinas plans to sanction the company over sales to taiwan. We have the u. S. Approving another potential 2. 4 billion of antiship missile fuel to taiwan. The vix closing above 30 for the first time in almost two months. We saw strength in the u. S. Dollar. Take a look at oil prices. Wti rebounding a littl
Glut remain. Uber shares rise as it says it is emerging from the virus lockdown. Are getting breaking news crossing the bloomberg when it comes to the new zealand budget. The budget deficit of new zealand at 2. 6 9 billion kiwi dollars 2. 69 billion kiwi dollars. The march balanced budget is just about 4 billion less than forecast. Annette net crown debt has risen dated march 31. That headline number a shortfall of 2. 69 billion kiwi dollars. We know the new zealand economy is better prepared than most in terms of dealing with these extraordinary Monetary Policy decisions, and the fact that the country went into a very strict an early monthlong lockdown, and it has only just emerged from that. We heard from vr begins at talking about how estimates of gdp for the period from the rbnz for the period. 2. 7 billion kiwi dollars, shery. Shery we are seeing u. S. Futures Holding Steady as stocks rose. We have more positive sentiment that u. S. And chinese trade negotiators could be speaking
The pullback overblown . A change at disney. Bob chapek becomes ceo immediately. Bob iger will remain chair and continue to direct creative endeavors. Another bloody day in the markets on the back of more bad news on the coronavirus. Watching the edge of another cliff. No surprises for how we are set up for this wednesday trading day. New zealand already off by almost 2 futures. Here in sydney, poised for another drop. Asx off this week. A couple of things to watch out for when we do get going, Virgin Australia announced a firsthalf loss of 97 million. We are also expecting rio tinto earnings after the close. Nikkei futures off about 1 5 of 1 . A quick look at the currencies. The aussie dollar did briefly dip below . 66. It is just holding on above that level them. The yen continuing to strengthen. A little bit of a rebound but not much in the 10 year as well. The u. S. Centers for Disease Control and prevention is warning americans to prepare for the coronaVirus Outbreak at home. It i
The feds Robert Kaplan says hes not sure the u. S. Economy can avoid a severe downturn. Tim cook defends apples decision to remove an app that tracks hong kong police. He says it was being used maliciously. Shery lets get you started with a quick check of the markets. We see u. S. Futures gaining. 2 after President Trump said u. S. China trade talks were going very well. That optimism translated into the regular session and we saw the s p 500 game. 6 percent. As we finally had the first day of those twoday negotiations kickoff after we saw a lot of conflicting reports on if that would happen. We had banks and automakers leading the gains on the s p 500. The Semiconductor Index also gaining about 1 for a second consecutive session. The nasdaq also rose. 6 . We had a weaker than expected u. S. Cpi print, which did little to discourage market excitations that we could perhaps be seeing more fed easing. Energy was the best performer as well in todays session as we had wti rebounds from a t
The s p 500 rises and bonds tumble. Wework is said to have slashed valuations in its upcoming share sale. Shery lets get you started lets get you a quick check on how markets closed. We have equities rallying, treasury yields rallying, strong Economic Data. The s p 500 jumped to the highest level in five weeks. It actually broke above its 50day moving average. Tech shares led the gains. From thest losers trade tensions between china and the u. S. We also have banks rallying as we saw the twoyear yield at one point seeing the biggest jump in about a decade. The focus is shifting toward that we arembers getting out tomorrow. Today, very strong private payrolls numbers, but at the same time, jobless claims numbers little changed, so the focus is what happened out of the numbers that we get tomorrow on friday here in the u. S. Futures at the moment not doing much, but lets see how we are setting up for the markets in asia. Friday, were looking at this to continue, gold holding onto losses