Top 2 million for the top two weeks. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. This is markets. When you look at the markets, they seem to be focused a lot on hong kong. At the same time, u. S. Stocks are dropping futures. If you look at washington and beijing, escalating after china announced the National Security law. Oil snapped a sixday winning streak. We will also have much more. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika hi, francine. Imposing restrictions on Chinese Companies listed on u. S. Exchanges, but the parliament stop short of passing a vote. The senate had overwhelming support from both parties. Rising pushback against china on capitol hill. President trump has decided to withdraw from the open skies treaty. He wants to promote transparency between the u. S. And washer, and russia, citing until there is a deal, we will pull out. Secretary of state mike pompeo says there could be a d
Previous leader. That is certainly something we are going to watch out for here today when it comes to how that plays out in malaysia. Overall risk sentiment is cautious. David it doesnt help that markets here in hong kong and china, you have liquidity issues look exacerbating these issues. Here are your equity markets that are open. On the lighter side of things. Down about. 25 . Kospi up. 25 . Putting anything else together, we are on a threeweek streak of declines for asian equities. S p futures as you can see,. 5 down, pretty much where it has been holding all morning. Have a look at some other things we are tracking here as well. We talked about dollaryen today, which we will get to in a moment. Southeast asia is looking like this. The latest market to open is indonesia. A big day friday for philippines, reversing some of that now. Malaysia also little higher. Southeast asia as well, mx is your ticker for this benchmark. Also on three weeks of decline. As promised, look at dollary
Of a sales plunge, whose says the company has a plan b. And the cost of being cool. A former executive testifies the Company Fired thousands of workers in recent years in an effort to compete with Companies Like google and amazon. The latest on multiple age discrimination lawsuits facing big blue. Our top story of the week, apple earnings. The tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. They also reported the iphone represented 48 of revenue, the first time it has made up half of sales in several years. In a way, this is progress towards apples less reliance on the flagship product and more on new lines of business. I got reaction from bloomberg businessweeks max chafkin and a Portfolio Manager, dan morgan, who manages about 240,000 shares apple stock for his clients. Dan it is an interesting report. If you would have told me they would have missed on both services and revenue, i would have s
But the company says they have a plan b. And a cost of being cool, the former ibm executive testifies that workers were fired in an effort to compete with google and amazon. The latest on multiple age discrimination lawsuits facing big blue. The top story of the work the toppingple earnings analyst estimates seeing a surge in services contributing to 1 5 of total sales. They also reported that the iphone represented 48 of revenues, the first time the object has made up less than half of sales in years. In a way its progress towards their relying less on flagship products and more on s of business. New lines of business. I got reaction from bloomberg businessweeks max chafkin and a Portfolio Manager, dan morgan, who manages apple stock for his clients. Dan it was interesting, if you would have told me they would have missed on both services and revenue, i would have said there was no way they would beat on top and bottom line. But as you mentioned, wearables, 5. 5 3 billion, that was a
Company has a plan b. And the cost of being cool. A former executive testifies the Company Fired as many as 100,000 workers in recent years in an effort to compete with Companies Like google and amazon. The latest on multiple age discrimination lawsuits facing big blue. Our top story of the week, apple earnings. The tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. Apple also reported the iphone represented 48 of revenue, the first time it has made up half of sales in several years. In a way, this is progress towards apple relying less on the flagship product and more on new lines of business. I got reaction from bloomberg businessweeks max chafkin and a Portfolio Manager, dan morgan, who manages about 240,000 shares of apple stock for his clients. Dan it is an interesting report. If you would have told me they would have missed on both services and revenue, i would have said there was no way they