Fed, the chair saying inflation is still too high. Weve got a big day for apple, which will report its earnings after the bell, this amid signs of an iphone slump and, of course, potential struggles in china were keeping an eye on shares of carvana. They are up as much as 40 in the premarket. Remember when that thing was close to bankruptcy . Well, this was a recordsetting quarter, and were going to talk with the ceo that will be next here on squawk on the street. Lets begin with the markets and the fed, the day after the chair delivered this message on rates. Its unlikely that the next policy rate move will be a hike. I would say its unlikely. You know, our policy focus is really what i just mentioned, which is how long to keep policy restrictive. Lot of takes today, jim bmp unequivocally dovish, you agree . Thats a hard one, because i think that b of a saying fomc meeting, wait and see. Fomc bias here, Morgan Stanley firm hold with the firm hold. Fomc stalling for time, wells fargo.
With our rulses to suspend trading because we wanted to make sure that nyse stocks wouldnt be negatively impacted. Trading on platforms other than the floor was uneffected and despite the halt nyse consolidated volume which captures trading across all platforms was heavier than normal due to the Global Market sell off. Speaking of stocks lets check on how todays session is shaping up. U. S. Equity futures looking for a bounce back after the big sell off yesterday. Dow futures implied with an open plus 150 points. Heres big stories were watching today at this hour. Well start with china. Beijing taking drastic steps to prop up its market there. Along todays move banning shareholders with large stakes in listed firms from selling. It closed up nearly 6 . Elsewhere, south korea rates overnight but did have the countrys Economic Growth forecast. And then of course have to keep updating you on the situation in greece. Meantime germanys Central Bank Warns that greek solvency should not be in
The long going standoff and says the only way to solve the crisis is for the u. S. And south korea to stop joint military exercises, which it called a rehearsal for war. President trump is losing another white house aide. Insiders say it could be the most damaging. Keith schiller is leaving. He was director of oval office regulations. He was once mr. Trumps bodyguard and closest confidant. Senate colleagues welcomed back john mccain in washington. The six term arizona senator had been receiving chemotherapy for cancer in phoenix. He is the chair of the Armed Services committee. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. The American Dream in limbo, nearly one Million People who arrived in the u. S. As children face deportation after the Trump Administration pulled the curtain down on daca. Our deep
Treading water. Well talk you through the movers and the shakers. And just how do you find your next customers in the digitaljungle . Well be getting the inside track on the world of Digital Advertising later in the programme. Well look at reports amazon is about to launch smart glasses using its alexa ai. Let us know what you think about this. Are smart glasses a wearable device too far . Just use the hashtag bbcbizlive. Hello and welcome to business live. Tata steel and thyssenkrupp have agreed to merge operations. It is a move that would create the second biggest steel maker in europe. The two companies have been in negotiations since last year when tata halted the sale of its uk business. Talks had stalled over tatas huge pension liabilities. So what do we expect . The News Business will employ a8,000 people and the combined group, it will operate across 31 Different Countries gcioss will operate across 31 Different Countries across europe. Just before we came on air i spoke to thy
In a few minutes President Trump is expected to make a jobs announcement well bring you nose commethose north korea fired back with tough talk to the u. S. Eamon javers has details. Reporter we got the white houses First Response to the north crkorean comments. First the comments, what he said about the United States in the wake of the flybyes by american bombers over north near north korea over the weekend he said since the u. S. Declared war on our country, we will have every right to take countermeasures including the right to shoot down u. S. Strategic bombers even when theyre not yet inside the airspace border of our country. White House Press Secretary Sarah Huckabee sanders in the brea briefing a few moments ago said the United States has not declared war on north korea and to suggest it has is absurd and also had this to stay. Take a listen. Its never appropriate for a country to shoot down another countrys aircraft we its over International Waters our goal is still the same, w