Baum or our allies will be met with a massive military response, a response both effective and overwhelming. Maria President Trump takes aim at china over its trade ties with north korea appeared to follow up this morning. Global market actions look like this this morning. Tensions rising, futures indicate markets will open lower. Dow industrial down 50 points a quarter of a percent lower. In europe checking averages, checking averages come against acrosstheboard the board, dx and germany 40 right now. In asia overnight, the stocks took a cue from some volatility last week at the end of last week amid the uncertainty and north korea. The nikkei average down as was the kospi. Shanghai in china up a fraction. Hurricane irma, powerful category four storm. States of emergency already declared in the nfl now considering moving the Miami Dolphins opening game. The floodwaters with hot arriving. Houston Police Department honors one of its owner died during the storm. And into a cube on the ai
This is the second hour of daybreak asia. Yvonne where it is just after 8 00 a. M. Betty im betty liu. As you mentioned at the top, we are waiting for Inflation Numbers coming from china. And a little later, we will get confidence Confidence Index out of australia. We will see how sentiment is there. In the u. S. , we are waiting the of steveion vote mnuchin, the treasury secretary nominated by donald trump. The economy is missing a treasury secretary from that treasury secretary from that department. That is being awaited by the markets here. Y of steve vonne they will have to do quite a bit of catchup. The markets have been waiting. No doubt, we have seen bullishness in the market. Talk about inflation as well. We had south korea, taiwan report inflation figures. One set of deviation. China, maybe we can see some prices rise when the numbers filter through. Lets check the market open here in tokyo. Here is david. David it might come down to pork. We have to talk about pigs later on.
Business risk warning today as it reports a charge that could top 6 billion. Were getting set for the openings. We go to hong kong and the rest of china coming on stream in just a little under a half hour from now. Lets get a flavor of what is going on. It seems like one way traffic, david. David were seeing some markets under pressure right now, rish. I think the last 30 minutes or so has maybe changed the conversation a little bit as you can see behind me. The kospi has been down pretty much since it opened. It hasnt been very down. I think if i want to take a phrase from a very simplistic way of explaining the markets. Most stocks down. Japan made it down to the yen, when dollar yen started to fall is when the benchmark basically erased its gains and where we are at the moment. We are still seeing decent gains so the overall tide is up. Australia up for a sixth straight day. I think that would be the longest streak of gains there. In sydney, going back to august of last year, ocbc j
Two years. Massive bit ofa chinese index dropping in a few months. Last, theill they markets will open in less than 30 minutes. We will see what is going on is a gauge for what is happening here in hong kong and beyond. When you look at the market and be you might get surprisingly cautious. Talk on the street here, anecdotally of course, they are and of scratching their head and wondering why we are seeing this rally. There have been a changes in the market. Cement makers. Here is your share index that goes all the way back about 12 months. This is your relative strength index, this is the highest level , this was right before things came crashing down. This came back in april, i think i can show you that. This had a little bit of time, april. There we go. Months, next seven these lost close to a trillion u. S. Dollars. Still about 30 lower, that being said, this is about 79. 99 how close is the situation leading up to that . Do you see any parallels to that . There are a few. The othe
Acquisitions. The fundamental factors are very strong. Juliette some of the best minds in business tell us whats on their minds in a volatile time for markets. It does make economic to allow incremental bureaus to come from outside the cartel. The fed is determined to act if things are normal when they are nowhere near normal. I think we need a statement from the u. K. Government where it stands. Juliette its straight ahead here on bloomberg best. Juliette hello, and welcome, i am juliette saly. This is bloomberg best, the weekly review of the most Important News from Bloomberg Television around the world. Central banks were certainly the focus throughout this week, but on monday, ge stole the headlines with a blockbuster deal to create an energy behemoth. Alix ge agreeing to combine its oil and gas business with baker hughes and a 32 billion deal. The particulars of the deal thats not a typical merger. Ge did not buy all the baker hughes. They did not want to buy all of baker hughes.