Thate seeing signs drillers are fearing a slump in crude prices. Hot property, china june home price data will give us the latest look at how the wider economy is doing. We will break those numbers down for you and 30 minutes. Follow me on twitter. Dont to forget trendingbusiness. Get underway. Ets singapore and malaysia have just come online. , that is theg short of it. It is a very unexciting day so far. We are looking for the next catalyst. Frosty,ns looking multiyear highs for some. Asia mixed. Basically flat on the msci. Blames are quite thin, especially in australia and center 30 thinner. We are looking at the drop in the kiwi dollar. We were looking at gains postturkey into early this morning, then inflation data came out. 5 , but therer is the drop their, a 1. 3 drop. Once the data came out, the a 62 chen chance chance that the central bank could cut rates. As far as the markets are concerned, this is one of the least exciting at the moment. Angie not even a coup will shake thi
Shift in preference toward developed markets. Australia is up for the eighth straight week. Closed. Nothing lifechanging, though. A preference toward developed markets. Look at taiwan, for example, this is a very good symptom, if you will, looking for a place to be part. The latest member of the bull market club in asia. Number eight across the asiapacific. Something to keep in mind. I was talking about the rmb, take a look at the shanghai composite. We are seeing a lot of pressure on this market. Pressure on asome lot of these developers, materials, cement. Have a look at some of the main benchmarks. We are seeing some pressure. Up with thethings kiwi dollar. Dropped early this morning following inflation data. At these levels for the most part of the morning. Yvonne thank you so much. Softbank said to be nearing a 32 billion deal to fire british so my conductor to fire company. Emi conductor this is going to be a blockbuster deal. Acquirebillion deal to arm holdings, listed in london
Work. Now we begin with breaking news. Chp is investigating a deadly crash many santa clara county. It happened shortly after it is this after 2 00 this morning. Janine de la vega is joining us live from the crash scene. Janine. Reporter we are in the city of sunnyvale. This is the off ramp to lawrence expressway. The northbound off ramp. Right off of 101. Chp expects this to be closed for at least 2. 5 hours. The chp is conducting their investigation and in the ditch is a honda accord. Five people were inside and a female passenger has died as a result of this accident. To get a little bit more information on exactly what happened and what the chp suspect we go to Sergeant Brett hord at california highway patrol. What happened . It appears at pacly 2 00 a. M. This morning a honda accord carrying five people were unable to sealy investigate this turn. It also appears that nobody inside the car had their sweats on. Speed is definitely a factor. Encases as well. Reporter what makes you s
Up 49 on the dow. Caterpillar beat earnings expectations, merck, united technologies, travelers, ge also trading to the upside as you can see on your screen right there. But we did get some news on the Economy Today i want to bring you. Sales of Single Family new homes fell more than expected in december. Many economists blaming the slump on the cold weather. The Commerce Department saying new home sales fell 7 to 414,000 units. Home sales usually dip in the winter, but the extremely low temperatures may be causing a more substantial drag. Take a look at hovnanian, kb holmes, all of these Companies Trading do the downside except for pollty, bucking the trend. But the rest of your home builders, actually, are trading to the downside. Wanted to show you those. Big news on the economy. Also this, remember the winklevoss twins made famous by the facebook movie about Mark Zuckerberg . U. S. Agents arrested the ceo of the Bitcoin Exchange bitinstant on Money Laundering charges in connection
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