35 Burst results for "ASX"

"asx" Discussed on Fear And Greed

Fear And Greed

02:59 min | 8 months ago

"asx" Discussed on Fear And Greed

"Is that an issue for investors to think it's an issue way. We have very specific things on unlucky so when the on cross fail the impact to dramatic given the experience. We have see the article coming around. That is i think it's too much of an issue. But i think a deal. You'd have a broader market for services that i'm you really can't get diversity through between the top thirty two hundred. They're still quite range of industries with were quite lot on a few healthcare autism Global markets but there is enough exposure age. Just going to throw the danley essex lists stay with you matthew. We'll be back in a minute..

autism matthew
"asx" Discussed on Fear And Greed

Fear And Greed

04:56 min | 9 months ago

"asx" Discussed on Fear And Greed

"An avocado in the shop crazy. Now it's not uncommon to be paying around abdullah that's right the boss of avocados australia. John ties told the financial review that he reckons. the cop. this year will be about sixty five percent higher than last year. That's because the new paintings of recent years starting to bear fruit and something. This morning mock labatt. Avocado is is that they fruit all year round. Australia is always somewhere in australia. Wherever prada's of being grown and picked. I did not know that I also found out that ever is seventy three percent water. Fifteen percent fat healthy fat of course and nine percent carbohydrates and they originated. Probably in mexico may come from the same family as cinema. How much time have you spent studying avocados in the last twenty. Four hours sean. I got buried down a rabbit hole on them to be honest now. Well done very very cool fruit. I think we've all learned something today. I've say.

australia abdullah labatt prada John mexico sean
"asx" Discussed on Fear And Greed

Fear And Greed

03:51 min | 9 months ago

"asx" Discussed on Fear And Greed

"Shown this plenty going on at the moment in the world of economics. Of course the labor before statistics are out today and the employment market is obviously critical to how the economy performs into next year by those habit of news around yesterday as well was michael the federal treasury just fraud and big was out saying that during the september quarter the economy probably contracted by about three percent now. Most market economists had already affected that in fact the international monetary fund had downgraded. Its growth forecast restricted this year for more than five percent to about three and a half percent though it has upgraded knicks g to about four point one percent mr fraud and beg also said that. Some of the large scale skills shortages that we're seeing in the economy at the moment with the result of state border clashes and he was confident they would ease knicks jia. Meanwhile the westpac mobile institute consumer confidence rating was out yesterday fell by one and a half percent but it still remains positive which isn't a bad if it given the lockdowns like business confidence consumer sentiment is holding up much better than it did last year in fact it hasn't gone negative at all during the past few months. Consumer confidence should rise as lockdowns. Ain't and of course we'll have all the information on the labor force data this afternoon in the afternoon report and plenty more analysis tomorrow morning as well moving away from the economy. They really is a sense. Shown that the country is starting to get on. Top of the corona virus crosses notwithstanding. Of course there's still plenty of daily cases and those numbers. We've been warned about this and warned about it again and again that the numbers are going to surge. The more the economy is opened up. I totally agree with himachal. And i think that was highlighted. Yesterday by daniel andrews getting more questions about the back inquiry in how much he knew about branch stacking rather than covered queries victorian premier said. The state was on track to reach. It's seventy percent vaccination target ahead of schedule. And mr andrews will give clarity on what next week looks like in the next couple of days. There are still one thousand five hundred seventy-one cases in the state yesterday in thirteen dates. Now the new south wales government has revised the isolation period for close context from fourteen days to seven days for people who've been fully vaccinated at least two weeks prior to their exposure to the virus. Great news for that stipe. South wales recorded arising cases yesterday to four hundred forty four and four ditz. At least the numbers. The world down on a week ago in the full inoculation right is heading towards seventy seven percent premium. Dominic perithai's expected roy moore information about further reopenings in new south wales in the next forty eight hours. Aside the say take government will mandate vaccinations in several education settings including early childhood primary in out of school care. Of course there. The groups will be unvaccinated for the longest cambridge reported fifty one new cases yesterday close to its worst ice alpha. And finally the northern territory announced all frontline workers must be vaccinated and heath i received the first vaccination by thursday november. They could be fined. Five thousand dollars. Or now sean earlier you mentioned the commonwealth bank which is of course still the country's biggest company it held its annual general meeting. Yesterday and boss met common was pretty confident about the outlook..

federal treasury knicks westpac mobile institute daniel andrews international monetary fund mr andrews south wales government michael himachal Dominic perithai roy moore South wales new south wales
"asx" Discussed on Fear And Greed

Fear And Greed

04:46 min | 9 months ago

"asx" Discussed on Fear And Greed

"Michael thomson and good morning shawn alma morning michael today. A changing of the guard among the largest companies on the asx. That is our main story but also this morning the federal treasurer downgrades economic growth outlook new south wales changes its isolation policy around code and the humbling of the avocado. Then style. listening for shawn's chat to ben willie from spinach advertising agency about the boom in adspend. But first sean there seems to be saimaa. What's going on in the equity market at the moment. Certainly the local market appears to have lost momentum. There also seems to be a bit of a shuffling of the top stocks on the boss but what's domain for investors. The changing of the gods story markle is one. That's crypt upon us. Amid all the noise now commonwealth bank is still the biggest company by a wide margin. It's worth about one hundred. Seventy six billion dollars number two is says they'll the blood plasma grip it's valued at one hundred thirty two billion dollars and hp comes in at number three with one hundred eleven billion dollars. Those three have held the top spots for several years. That come bank has pulled away from the other two given its share prices up nearly fifty percent of the past year while they hp pnc sales share prices are pretty flat but below that. You're starting to see a changing of the guard as of yesterday. National australia bank became the fourth largest company on the boss. Taking the mantle from westpac ions aid comes in at number seeks while macquarie group is now number seven. That's up quite a few places with farmers woolworth's and telstra mike out the top. Ten and dropping at in recent weeks has been forty skew and trans urban the tollroad group. How much does it actually matter. How companies rank on the is x. Two hundred doesn't matter. Well it does. Especially among the very large caps because many investors are the by passive eightieths exchange traded funds that reflect the index or bind to the big stocks. The top tena fifteen or twenty stocks when five of the top. Seven stocks are financials. It means there's a distinct lack of diversification in those portfolios so suddenly changes in interest rates or bond yields impact a portfolio much more than they should if the boss was more diversified..

Michael thomson shawn alma ben willie commonwealth bank hp pnc markle south wales shawn macquarie group sean michael National australia bank hp westpac woolworth telstra
"asx" Discussed on Fear And Greed

Fear And Greed

03:29 min | 9 months ago

"asx" Discussed on Fear And Greed

"With individual dealing <Speech_Male> with an advisory <Speech_Male> you get all the consolidated <Speech_Male> tax reports <Speech_Male> we do have five dollars <Speech_Male> flat fate brokerage <Speech_Male> which moments <Speech_Male> lowest strata <Speech_Male> and it's zero <Speech_Male> brokerage when you buy <Speech_Male> ats or the <Speech_Male> ats <Speech_Male> and it's zero brokerage <Speech_Male> for all us stocks. <Speech_Male> So we are. <Speech_Male> We do see <Speech_Male> ourselves as being <Speech_Male> low cost high <Speech_Male> value <Speech_Male> and that applause to <Speech_Male> the superfund as well <Speech_Male> so <Speech_Male> the average industry <Speech_Male> fund is <Speech_Male> circa <Speech_Male> one percent <Speech_Male> as sort of an <Speech_Male> rolling fe <Speech_Male> f. as a <Speech_Male> just under half a percent <Speech_Male> brenham <Speech_Male> so we are <Speech_Male> able to cut costs <Speech_Male> significantly <Speech_Male> through the efficiencies <Speech_Male> that we've built leveraging <Speech_Male> the tech <Speech_Male> so it all comes <Speech_Male> back to the technology <Speech_Male> and the platform <SpeakerChange> that we've <Speech_Male> got behind us. I <Speech_Male> saw the obvious <Speech_Male> question is how do you make <Speech_Male> money. I you just <Speech_Male> that much more efficient. <Speech_Male> Is that what that means <Speech_Male> is it is <Speech_Male> it. All comes down <Speech_Male> to efficiency so <Speech_Male> we do actually <Speech_Male> make very <Speech_Male> good margins at at <Speech_Male> five dollars <Speech_Male> we just <Speech_Male> else at twenty dollars <Speech_Male> is making really <Speech_Male> big margins. <Speech_Male> If we applied <Speech_Male> twenty dollars <Speech_Male> to the volumes <Speech_Male> that we would <Speech_Male> be pretty happy. Cigna <Speech_Male> the numbers <Speech_Male> roll into the bank account <Speech_Male> but not looked <Speech_Male> solid margins <Speech_Male> at five bucks. <Speech_Male> I sort of questioned. <Speech_Male> Why are the platforms <Speech_Male> at major <Speech_Male> banks. And things aren't <Speech_Male> doing you know what <Speech_Male> we're doing why they <Speech_Male> haven't built their platforms <Speech_Male> the same way <Speech_Male> when it comes to. Us <Speech_Male> we do offer <Speech_Male> zero brokerage <Speech_Male> on us <Speech_Male> trades. We don't <Speech_Male> take payment for order <Speech_Male> flow. Which is something that <Speech_Male> has been in the media <Speech_Male> quad significantly <Speech_Male> lightly about us <Speech_Male> trading. We take <Speech_Male> a small effects <Speech_Male> fe when you move <Speech_Male> money from z. <Speech_Male> To us dollars <Speech_Male> yep and then once <Speech_Male> it's in us you can try <Speech_Male> it as many times as <Speech_Male> you lock with zero <Speech_Male> brokerage <Speech_Male> so it really <Speech_Male> is a low cost model <Speech_Male> but we say it as <Speech_Male> a as a high values <Speech_Male> you get a look <Speech_Male> for what you pay <Speech_Male> for it rather than just being <Speech_Male> a discount <SpeakerChange> no-frills <Speech_Male> proposition <Speech_Male> we touched on this <Speech_Male> d. Think what you're <Speech_Male> doing <Speech_Male> and they will be people <Speech_Male> who come in the market <Speech_Male> <Advertisement> to mimic you and <Speech_Male> provide alternate products. <Speech_Male> G think that <Speech_Male> this will really disrupt <Speech_Male> that whole <Speech_Male> traditional superfund <Speech_Male> model <Speech_Male> of the next ten <Speech_Male> or fifteen years. <Speech_Male> Look there's a number <Speech_Male> of people out there that <Speech_Male> they don't know <Speech_Male> <Speech_Male> and <Speech_Male> respectfully <Speech_Male> probably don't care <Speech_Male> about managing <Speech_Male> the money on a day-to-day <Speech_Male> basis. <Speech_Male> People are <Speech_Male> talking to while <Speech_Male> i tai chi <Speech_Male> yet. It's <Speech_Male> just like you know what. <Speech_Male> I'll just leave it there. <Speech_Male> Someone else could manage it <Speech_Male> for me. Which <Speech_Male> is fine. But at <Speech_Male> least have a <Speech_Male> look at what you're paying in <Speech_Male> phase at least have a look <Speech_Male> at the performance <Speech_Male> and make sure that <Speech_Male> you are in a good <Speech_Male> performing fund. <Speech_Male> So if <Speech_Male> you just gonna sit at they <Speech_Telephony_Male> go go. I mean the <Speech_Male> industry funds funds have performed <Speech_Male> very <Speech_Male> well. They do <Speech_Male> charge relatively <Speech_Male> high phase but they <Speech_Male> performances pretty solid. <Speech_Male> You know there's <Speech_Male> a number of funds out <Speech_Male> they were reach rachel <Speech_Male> industry fund that <Speech_Male>

"asx" Discussed on Fear And Greed

Fear And Greed

02:35 min | 9 months ago

"asx" Discussed on Fear And Greed

"In this much <Speech_Male> money at three trillion <Speech_Male> dollars <Speech_Music_Male> and <Speech_Male> it's dominated <Speech_Male> by some very big <Speech_Male> playas by <Speech_Male> industry or retail <Speech_Male> funds. <Speech_Male> <Advertisement> But people like <Speech_Male> you and others <Speech_Male> are actually <Speech_Male> getting much more innovative <Speech_Male> and <Speech_Male> suspect song. <Speech_Male> As regulatory <Speech_Male> rules <Silence> are in place. <Speech_Male> You suspect <Speech_Male> that super is going <Speech_Male> to become much more flexible. <Speech_Male> Going <Speech_Male> forward with <Speech_Male> checks and balances <Speech_Male> years. So that's <Speech_Male> what we really strive <Speech_Male> for so we <Speech_Male> don't want <Speech_Male> people to <Speech_Male> default <Speech_Male> into a superfund <Speech_Male> so <Speech_Male> default per find <Speech_Male> his way. You join an employer <Speech_Male> and they <Speech_Male> go and fill out a form view <Speech_Male> and they pay you super <Speech_Male> to some superfund <Speech_Male> that you've never heard <Speech_Male> of. That's <Speech_Male> a really big financial <Speech_Male> decision that leaving up <Speech_Male> someone else <Speech_Male> So we want people <Speech_Male> to make an active <Speech_Male> choice in <Speech_Male> where the soup is invested. <Speech_Male> So whether it's with <Silence> us whether it's with someone <Speech_Male> else make <Speech_Male> that choice <Speech_Male> because it makes a big <Speech_Male> difference over the long term. <Speech_Male> So <Speech_Male> i do think <Speech_Male> that the industry <Speech_Male> is going to move <Speech_Male> to be more <Speech_Male> flexible. We all <Speech_Male> want control these days. <Speech_Male> We wanna <Speech_Male> be able to go until phone <Speech_Male> and order <Speech_Male> a car to the april. <Speech_Male> We don't to have to call <Speech_Male> a cab rank. <Speech_Male> We don't want to <Speech_Male> have to wait for a call to <Speech_Male> to show up outside <Speech_Male> the dole. <Speech_Male> You know we what we want <Speech_Male> to turn on the tv <Speech_Male> and watch what we want to watch <Speech_Male> right now. <Speech_Male> We want that control <Speech_Male> and whether <Speech_Male> you want to use it or not. <Speech_Male> People want <Speech_Male> to know that <Speech_Male> they can. <Speech_Male> They may not necessarily <Speech_Male> always <Speech_Male> use it. <Speech_Male> So i do think the industry <Speech_Male> is going to change. <Speech_Male> The what is really <Speech_Male> interesting for <Speech_Male> us. Verses <Speech_Male> other madge funds <Speech_Male> out there is <Speech_Male> when you do <Speech_Male> see advertising <Speech_Male> and marketing and <Speech_Male> there's a lot of it across <Speech_Male> the industry. It <Speech_Male> is a big pot of money <Speech_Male> <Speech_Male> but i actually dip into <Speech_Male> members assets <Speech_Male> to pay <Speech_Male> for that marketing <Speech_Male> and that comes off the <Speech_Male> member performance. <Silence> Yep <Speech_Male> yep we <Speech_Male> can't do that <Speech_Male> you know it. We're commercial <Speech_Male> business. We conscious <Speech_Male> gone. Take people's money <Speech_Male> gone. spend it on advertising. <Speech_Male> Yeah so <Speech_Male> we've raised about <Speech_Male> forty million dollars <Speech_Male> over the last six months <Speech_Male> to gun build the business <Speech_Male> so we've gotta tapping <Speech_Male> into al <Silence> equity capital <Speech_Male> to advertise <Speech_Male> the business. Which <Speech_Male> oculus of the <Speech_Male> right way to do it now. <Speech_Male> <Advertisement> We and use people's <Speech_Male> <Advertisement> money to advertise. <Speech_Male> I'm an <Speech_Male> industry fund. And every <Speech_Male> time. I say that industry <Speech_Male> fund that it drives <Speech_Male> <Advertisement> me crazy. That's <Speech_Male> my money they're using <Speech_Male> <Advertisement> exactly you <Speech_Male> watch shaped to <Speech_Male> <Advertisement> your brokerage <Speech_Male> for not just <Speech_Male> the superior super <Speech_Male> but superhero <Speech_Male> product. You're trading platform <Speech_Male> is five <Speech_Male> dollars for china in stockton <Speech_Male> zero if <SpeakerChange> the us is <Speech_Male> that right correct <Speech_Male> zero for the so. <Speech_Male> We don't like to <Speech_Male> think of <Speech_Male> ourselves as a discount <Speech_Male> burqa. We <Speech_Male> think we're a lot more than that. <Speech_Male> We've got some pretty premium <Speech_Male> products on <Speech_Male> the platform. So we <Speech_Male> we offer the same sort of <Speech_Male> portfolio <Speech_Male> reporting that you would get <Speech_Male> with a big platform <Speech_Male> if your hunt it. <Speech_Male>

dole stockton china us
"asx" Discussed on Fear And Greed

Fear And Greed

05:40 min | 9 months ago

"asx" Discussed on Fear And Greed

"Welcome to fear and greed the business podcast that sets you up for successful day on michael thompson in good morning showing alma owning marco. Do you now. I really love the first day of the month. Why i don't really now. I just i like watching the month t cova and for some reason to i either. It feels like a real achievement. Having made it through the previous month and particularly when you're in a month when lockdown away and and it's also the first day of the new quarter so true and we love that here at fearing grade. We certainly do. And sean do you know who else is excited. Treasurer josh freudenberg excited his update about the economy and the government gets an eighty billion dollars. Boost. that is our main story this morning. Also the local shamrock has its best day. All year victoria reports a surging covered cases and foxtail outlines a brave new future. Then style. listening for shawn's chat to christiane writer from kadena capital about the stocks to watch as the economy. Reopens but first sean. As i mentioned federal treasurer josh freudenberg yesterday said australia ended last financial year. About eighty billion dollars better off than forecast primarily because of the big surge in jobs in the first six months of twenty twenty one. That's good news. Yes it definitely. Is the budget deficit climbing at one. Hundred thirty four billion dollars last financial year. And that's after the federal government spent about three hundred and eleven billion dollars in economic in health support. In short. the economy in twenty twenty one was stronger than the government expected. It pied out listen welfare and received much more in tax receipts. It really matters because it means the starting point for this financially is much stronger. So what about this financial year. Now we're going to just a few months into it will. Yes the first quarter finished yesterday. And that was a quarter in which victoria and new south. Wales were in lockdown but things are looking at k. Everyone reserve bank. Included expects the economy contracted in the three-month to the end of september. And yesterday mr fraud and said the bill for the delta berend outbreak will top twenty billion dollars and he expects the budget deficit. This she to be around one hundred. Seven billion dollars. But some of the partial indicators are starting to look at k. And certainly investors in machen economists looking forward to a pickup in the economy. This quarter ending at the end of the samba and into twenty twenty two yesterday. The i six two hundred jumped almost two percent decision of the year after the big falls the previous two days. What recent trading suggests amid all the noise and fees about inflation that within talking about investors fundamentally think the economy is on the improve now showing. It has been a big week for economists. I am definitely not one of those arm. Relying on you to take me through some of these figures that have come out through the way it has been a big wake retail trade figures earlier in the week where affected by the lockdowns but they weren't a disaster like they could have been johnson economics. Put an out at too tight. They saying that. I think there's about two hundred billion dollars available to consume as when they can start spending again. Now that's all the pie down debt or build up savings and remember the end of the lockdowns. At least in new south wales have been brought forward. That's good news. Ibs joe vacancy figures. Yesterday came out now. They down ten percent in the three months to august. That's all during lockdown that they're still fifty percent or almost fifty percent above the start the pandemic also the ibs yesterday said the number of dwellings approved rose by nearly seven percent last month that came after four consecutive months of decline. Low interest rates increased hassled savings and confidence in the housing market. A convincing people to build and renovate in my states..

Treasurer josh freudenberg kadena capital josh freudenberg michael thompson sean foxtail Everyone reserve bank victoria christiane marco shawn federal government machen australia
"asx" Discussed on Fear And Greed

Fear And Greed

04:36 min | 9 months ago

"asx" Discussed on Fear And Greed

"Sean, we've spoken a lot about the housing market and the extraordinary growth in house prices. Financial regulators have finally lost patience at confirming that they're worried about risks in the mortgage market and will release landing restriction options in the next couple of months. What's this all about? Well, the Australian Prudential regulation authority, the reserve bank of Australia, the Australian securities investments commission and treasury for the most powerful policy making bodies in the country are part of what they call the council of financial regulators, and they want to take the heat out of the housing market. Prices have been crazy, up about 18% nationally over the past year and higher in some places such as Sydney. That's all on the back of low interest rates and an economy that has gotten through the COVID crisis not quite unscathed, but still in pretty fine fatal. What the regulators are worried about is that growth in credit is far outpacing growth in income, and that adds risks for the economy in the medium term because of course at some point in the future, people have to pay back these massive mortgages they're taking out. So then what will the what will the council the financial regulators do? Primarily they're worried about lending standards, and we've heard that for quite a few months now. What they could do is lift the amount of person needs as a minimum deposit before getting a mortgage or they could keep the amount of debt someone can take on, relative to their income, or they could make the repayment test tavas, something the Commonwealth bank has already done. And what would that then mean for house prices, if the goal is to try and slow things down a bit, would that achieve what they're trying to do? It will, I think everyone expects the pace of the growth of house prices will slow anyway you can't just keep going on at 20%. House prices are unlikely to fall and whatever the council does, it's unlikely that house prices will go backwards. None of this is totally unexpected, and to be honest, it's actually pretty sensible policy to save off problems in the future. You just can't continually have house prices doing it. They've done in the last 12 months. And no one get hurt by it..

Australian securities investme council of financial regulator Australian Prudential regulati reserve bank of Australia Sean treasury Commonwealth bank Sydney
"asx" Discussed on Fear And Greed

Fear And Greed

04:26 min | 10 months ago

"asx" Discussed on Fear And Greed

"That was a two-month live and chasing chinese in hong kong property groups fill today lowest level in five years. That of course is all about every grant and michael replace tonight. Crypto currencies will our to. Bitcoin was down seven percent. All right. thank you. We'll be back in a moment with the rest of the day's business news showing plenty of stories around this morning energy group. Wasn't it services. Share price jumped as much as twenty two percent yesterday. After receiving a non point six billion dollar takeover offer from brookfield asset management. The canadian giant yet another bid for big infrastructure is administrator. Are moments getting sick of talking about him. Sydney airports go one spark infrastructure. In a moment. I'll tell you about west connects in osnat net services..

"asx" Discussed on Fear And Greed

Fear And Greed

03:49 min | 10 months ago

"asx" Discussed on Fear And Greed

"And that's how mine story also coming up in today's podcast. These this latest combined to ask for why out of lockdown as australia accesses an extra five hundred thousand five doses visa slump will hit the building construction sector in coming months and the superannuation regulator outs the worst performing funds then stylish listening for my check to heighten house boss of money me that the consumer finance dicta. I is a brief. Oh markets wall street was slightly lower overnight but was heading towards a seventh successive monthly rise. Supporting the market was the national home price index which rose more than eighteen percent the june. The bees tries in thirty years in early afternoon. Trading the s&p five hundred the dow jones industrial average and the nasdaq were all down zero. Point one percent. European markets were weak out on fees that the european central bank might start tapering monetary policy later this year. London's footsie was off zero point. Four percent all the stocks europe. Five hundred into dan zero point six percent. Most markets in that region ended up for the month of august. The local market is part of the mine story. More of that shortly. Oil prices down overnight. The price of gold was a touch higher. And the dollar is trading at just to be diva's seventy three. Us since what.

australia european central bank London europe Us
Asian stocks follow Wall Street higher after tech rally

Bloomberg Daybreak: Asia

00:29 sec | 1 year ago

Asian stocks follow Wall Street higher after tech rally

"Ship Asian stocks looks set to rally today as funds flow back into growth companies. We may get a really good feel for whether the big adjustment we saw on Wall Street is actually sustainable. At the moment. The gains that we're seeing are fairly limp. But in Tokyo, the Nikkei is just up 2/10 of 1%. The ASX 200. Is a potential represent not known for tech companies there, but the cost is rallying. It's up more than 1% here, regaining the 3000 level.

Tokyo
Weve got the MacBooks with Apples new custom M1 chip

The 3:59

04:39 min | 1 year ago

Weve got the MacBooks with Apples new custom M1 chip

"So before we get your verdict. Which maxed it send you. They send the mccullough. And how long have you been using them. you know. it's only been since late last week. Just just a handful of days. But i got all three of the new maximum. Have the chip in them. And that's the macbook air macbook pro and also. The mac mini that little desktop. That apple forgets about trip. You have been comes back to every once in a while all right so bottom line. Do they look to hype. I would say they live up. To some of the hype. The hype is a little bit preliminary because a lot of things that you may want to do with these max requires software does not optimize for them yet running emulated mode but the two big things i think consumers are taking away from this are number one. The mac book air has lost the fantasy fan list system which is nice and a lot of ways that is true and also in the preliminary testing. I did battery. Lights is fantastic. So that is that is true. Big thing so they think they have definitely lived. Up to the hype. Let's take the one time. We'll show the mac book air because that is far and away the most popular in the macbook lineup. How has been macbook air. Been for you and fan configuration. Is there a real difference in the experience. Gm run quieter. What exactly how exactly is it. Running this thing in the back. Bogere has always been one of my favorites. I used to call it the most universally useful laptop you can buy. It's just a great middle ground for a lot of people to we start from whether you're from serving what laptop to get usually. It's not that loud but sometimes it could give that fan kicks in and it's like a playstation for you just hear out of nowhere this big speak fan doors. You're like that happening my lap right now. That's that's crazy. Because he'll it's doing a lot. I get it even even the base Macbook air just ships with a you know intel core. I three or did until until recently. So i tested the early twenty twenty match booker. This thing was just refreshed back in like march with the new m one version on the outside. They look the same. They haven't changed the body if you're looking for great new developments like extra ports or touchscreen or hcf or anything like that. You're not getting any of that. It's all on the inside. The big changes are the they got rid of the fan replaced it basically with aluminum heat spreader which just as a big you know heat sink that dissipates heat and of course got that m one chip in it and at least in the testing i did. Obviously it's much quieter because there's no fan fan. I'm a fan of removing moving parts. That the tutor on the fan of not having a fan and removing moving parts wherever possible so anything fan spinning hard drives optical drives. That's the stuff that breaks down while the most frequently when we talk about the game consoles i think one of the big advantages of the older ones had spinning drives and spinning hard drives. And that's breakdown parts that boot so when you get rid of that stuff you actually have a more reliable product and when i ran a battery test on the air it ran for almost seventeen hours on my video streaming test which the little bit a little bit not much a little bit tougher. The test apple does and they said they got eighteen hours out of it and that is that's a big thing right though the big song point here is this thing because fewer moving parts runs off of his mobile processor to last a lot longer. You think hold up over time or is that this is a new mac book or new battery impression and it it aware down time for that that difference whereas down over time i think apple is going to send a strike team to your house now because you call the what bobo processor. And they're gonna to get a phone a phone and it's true in some of the early you know people accidentally uploaded benchmarks of preliminary units of these over the summer And they were listening to having the asx fifteen in the words or something similar basically a version of the ipad and iphone chips and apple has at least name this ship something different they call the m one which again does say mobile to make. But it's a computer version of it. with You know it's got it's got four high efficiency courts and four high-power cores though we can do both very strenuous stuff but also chill out on the high efficiency course and not use a lot of power. You know listen. Any rechargeable battery will lose steam over time. You know that. Said if you have a mac book from a couple years ago you've definitely noticed like it doesn't say charts as long as you shop sure that will be true year. But i'd rather start with seventeen hours and twelve.

Bogere Mccullough Apple GM Intel
"asx" Discussed on Newscast - Africa

Newscast - Africa

01:38 min | 1 year ago

"asx" Discussed on Newscast - Africa

"The, affiliate podcast shares the stories of multifaceted Africans. One episode at a time the podcast aims to uncover the untold stories of modern and millennial. Based in various parts of the world each episode gives listeners an opportunity to learn and experience conversations that showcase who they are and global perspectives in our ever changing world fish also listen and subscribe to the Athlete podcast on spotify or wherever you listen to your favorite podcast. You can also follow at athletes podcast on all social media platforms. All listening to the news at this hour on Africa Business Radio The X. Two, hundred filth was nine point. One points zero point eight, three percents to five thousand, eight, hundred, fifty, nine, point four on Friday closing zero point nine, nine percent lower for the week and declining for the fourth consecutive week following a fall in us. Overnight investors were cautious after China reports, streeters, embassy obstructed law enforcement sheltering to journalists who are wanted for questioning in the country meantime Senate's rejected a bill that would have provided around three hundred billion US donnas a new virus aid. While he was president trump said, he would not extend his fifteen deadline for Biden's to divest interest in the US operations of stick tiktok video sharing up, and that was the news at this time on Africa Business Radio you can't continue listen life online at stop ww dots, Africa Business Radio DOT COM or fire on mobile APP. I am Rachel chih-jen do. Thank you for listening..

Facebook threatens to block news in Australia

Download This Show

03:11 min | 1 year ago

Facebook threatens to block news in Australia

"Facebook have threatened to block all news in Australia unattached exactly. What have facebook threatened to Dir? Well, I, guess, the broader context here is that the Australian competition and Consumer Commission have come up with this draft bogging card, which are facebook and Google would pay a little bit for the news that they have on different services. Google, they don't like it. facebook have been a little bit quiet on what they think until today. But in practice, what this means is that they would really use that our over the algorithm used paid to block local news links. On Who Uses News spades, which is pretty kind of it's an intense move. It's an intense flex and shows that they're pretty serious and so willing to use some argue abused that Paulo to prevent cooperation with the Australian Federal Government. This news broke in the New York, TIMES NBC and Bloomberg, in the US, there was Dropped to the USTRALIAN media, what does that tell you an attache Rabat Vice Strategy do you think I think facebook strategy here really says what's happening in Australia sort of like proxy war for a broader regulatory battle that's happening back in Washington d say and back in America. It's kind of a shame though because us. Down in Australia having like a healthy news press and I'm open minded as to the types of regulation that you would tool to that happen. It has consequences for us down here. So it's kind of a a little bit concerning that this huge multinational can sort of us I suppose Australia. I don't want to say play thing because they do have you know definite interests at stake here that they. More within their rights to kind of litigated or get out there in this way but I think that there is a bit of using Australia. And the hassle with the actual Seder sent a bit of a message back to regulate is in Washington I also wanted to some degree Natasha with a they felt like I couldn't get a fair hearing if they tried to tell the story to the media given, there has been something of an awesome that mentality it's kicked into gear in the last couple of weeks. Do you think I'm reading too much into that to? Be. Honest I think facebook like a lot of these tech companies can be quite opaque in how they deal with the press in general so I don't think it's just that they don't think that they'd get a fair hearing with the HVAC. I, mean just on a practical like the managing director of Facebook in Australia and New Zealand we'll ason probably caught same much until you get sign off from his higher up. So there's also I think that chilling affect for their local leaders that they're really don't want to sign anything to these trillion press that could threaten. Speak. Freely about what they actually think that could potentially you know their jobs will save within the company. So they're not as sort of free to just chat chat to us as journalists in the same way that. Local ASX listed company CEOS can because they're at the top of the trace of they're like, well, you know I can tell you what's going on from my perspective is a slightly different kind of corporate dynamic at play which I think changes how open with the press they ought down.

Facebook Australia Google Washington Australian Federal Government Consumer Commission ASX United States Paulo New York Seder Rabat Managing Director America Natasha NBC Bloomberg New Zealand
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:10 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"Equity futures for the ASX two hundred are now higher by about six tenths of one percent we got a ten year treasury building sixty four basis points all right that's market action we move on to global news at Baxter is in the Bloomberg nine sixteen years from in San Francisco at Laura Douglas a trump administration trade secretary Peter Navarro said today that not only did China hide the origins of the corona virus and hide behind the WHL but that it put hundreds of people on planes to and this is the word to use on planes to cede the pandemic of the rest of the world he offered no proof a new survey from FTI consulting says some forty percent of Americans say they will not buy products from China seventy eight percent said they'd be willing to pay more for products if they move manufacturing out of China interesting travel alliance China South Korea master plan to join them in a relaxing controls on business travel Japan's cabinet approval rating early morning falling eight percentage points to thirty three percent Asahi poll some battery opening news Italy Spain France relaxing some restrictions so reports the New York state in New York City mayor bill de Blasio says testing is available India extending its locked down until the end of the month in Brazil has become a real hot spot in San Francisco I'm at Baxter this is Bloomberg rush thanks a lot for that let's get back to guess to Colorado market analyst at IG group Kyle does to tell us a little bit about how you just see that what's going on in the in China we got the N. B. C. study off this is the delayed biggest meeting that the Communist Party has every year how much interest you getting from clients that as to what they should be or if they should be investing in China and the open he's at the country's throwing up of any what what is saying as much trading activity in dollars products typically elderly out public generation Littleton is helping her clients as today I said I guess you could say is strengthening future Chinese financial assets I suppose with the medics is we can be very very interesting because a lot of that negativity that's being insurance from from the site any charges being moral is priced in and putting the hardware side which I don't think it's been largely discounted there is is very high level of confidence that they could access it they will be able to pull a rabbit out of that again and and obviously stimuli the Chinese economy thirty three major industrial way down so you appear to be really hard for recovery if anything it puts Chinese accents and a little bit of a a stable points just because so much good news is back in it so much all connected because this year and that if there is any kind of disappointment as he pocketed much price the one side the now so your short Ozzy against the US dollar that plays into a kind of berry shop decision on U. S. China what about do you like long in as a hedge particularly against the euro and maybe other non dollar majors yeah well I mean again yeah all the other customer that can combine both of those points is still relatively attractive proposition actually look at that and saying that the case was quite quickly that you got in the market obviously because of a query that also just just by virtue of the fact that because conte static market participants but I think ultimately you know it should be a silver lining it is that the money could get it's probably about half of folders conditional certainly certainly collect expectations staying a little bit uncertain just because we have no possibility consented global financial markets and what role tries back into the U. S. dollar either by the same token we don't have an overwhelming culprits yet because the strike rate at a global growth which could see ideas by the countries on the sidelines so according to police stole school carry Friday if you will global support the Japanese yen has marked his conflict obviously take advantage of that society but with the view of all the high trying to take advantage of any any sort of turnarounds which would potentially benefits an on site and in order to conduct the study of the in the in the gateway site yeah certainly sure of all the all the downsides generation has been listed as the second choice is to consider the short to medium term so it will scan GDP numbers out of Japan and just about to just over an hour and twenty minutes or thereabouts from now to add to it that could ready up and the apple cart couldn't it it definitely could potentially the interesting thing for you know the money is thank you very much for that sort of like I even dynamics rather than things hi exclusively to Japanese fundamentals I think I'll try to I took advantage I can potentially even though he could still supported the company considered a given market thirty pricing in negative light the teacher from the from the day I got a thirty per unit and more critically quick healing you'll control could control program because we argue a lot about his pricing I still think remaining reasonably bullish Wall global equity concerns at a relatively low lease is probably dead because the blood to support effective today the Japanese yen but we could technically initial computers a little bit on what you're coming through that that cat that got a little worse than expected conceivably help increase a social and downside in the Indian hold on like I do think from a border translated into much trouble Clayton and my state and country yeah but you like gold all of the old school I mean it's it's been a learning environment which is technically difficult obviously weren't valid concerns that environment where we could be entering towards some kind of long term growth shock some kind of secular trend where because he's very very weak the foreseeable future and your gonna go anyway particularly until place ready to take this doesn't look like it's going to be a possibility for a couple of TV on any given a touch of color and we did everybody got along that's right Kyle thank you so much for the cover of that market analyst.

ASX
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:08 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"And in Sydney the ASX two hundred is down seven tenths of one percent weakness in the price of crude after five day rally WTI down seven tenths of one percent were trading twenty three eighty five and the ten year treasury falling about a little more than two basis points in yield here in the Tokyo session were at sixty seven basis points let's get to some global news now from at Baxter who's in the Bloomberg nine sixty news room at San Francisco at Douglas thank you president Donald Trump is vetoed a bipartisan measure to curb his war powers in dealing with Iran meanwhile the administration's reverse yesterday's pronouncement that the corona task force would go away secretary of state Mike Pompeii says today he can't say with certainty cannot with certainty the covert nineteen originated in a Wuhan lab Pompey also said he's holding off on issuing his report to Congress regarding Hong Kong's autonomy and continued special treatment he says he wants to see what China does leading up to the people's Congress China's as Pompey oh by the way about the task force has no evidence to support his assertions he says scientists need to make those kinds of statements about the Wuhan lab and the the president says the covert nineteen attack on the U. S. is worse than Pearl Harbor and nine eleven saying China is at fault after record increasing cases yesterday in California a turn around today down slightly the governor signs executive orders to get workers comp for health care workers in San Francisco I'm at Baxter are Juliet thank you so much and let's get back to our conversation with the judge before as head of research at K. two asset management wanted to get your thoughts on oil as we see I guess a little bit of gains coming back through into the market we hit that twenty five dollars a barrel amount for WTI earlier in the week you're saying perhaps a little bit of a rebound by the second half of this year what's going to drive that if we continue to see even in in your scenario these W. recovery which means we could go back in to look down so we could still not say I guess trouble resume item yeah exactly it's about you're looking at that volatility in the energy market this is a process to guide us hard logic that lies behind it for the year but nevertheless I'll get back into the tanks again as we got into the stop stop a long guided W. recovery day shake scenario from Applegate have led by year end as a colony had more consistently I've gone online they call credits not that that dimanche full that structural upward movement that bulletin to mine very much elevated in energy markets and the damage may cap ninety in the energy sector and consulting firms within that segment really going to be damaged at this location there is simply bankruptcies today claimed out and the larger ones will benefit but very much hi did you profit by year end but very much they're going to be a lot of them but after that I had with the lights of the year behind us if that makes E. M. E. mentioned you don't have too many shorts in place but giving your profile would you short volatility well I'm just looking at the Vic sat thirty five coming down from eighty or thirty four now coming down from eighty would you short volatility or is that a bit too risky it would give us get locked into call with lots to do that have because so much miss coming through and cool at night if you do have that birthday you're going to be specifically targeting shorts and some technology nine that that just above the Great Britain but that's a separate discussion but the the the the the thing about the show that you doing much more in the past decade of shorts on the port side and applique ten ten in a previous article the not so I'll be threatens that central banks in the stimulus is here to stay for longer and it's an essential part of what is investing based it's it's a very much a different landscape broad generalization a generation which we look at marriage as a fifth of the twenty one year history here the significantly lower in the past decade and the way that we're in the the previous decade can we talk about some of that the stocks that you're looking at though because you did mention tech and of course we know that to apple Microsoft doing okay as more people stay at high Microsoft I see is one there but you also like about lebar trees obviously with the vaccine very much in focus what do you like the the likes of Nike is that the sense that the consumer is going to come back at some point yes hold on a rotation into Nike from the global managers on that basis the poll found it probably migrated from pre cut did not change from a mate captain out very much many old lots of cat and looking for what consequent coming online what parts can be hi delay they take center of the city it's just like peloton in the second part of that segment everybody in the western world and emerging loads exercising more than ever before and and it's it's just that sort of fanatic sorry it's such kind of systems something like gnocchi high death I obviously this guy I'd love to trade you know Microsoft I sort of night trying to get around the other and technology ninety very difficult the Bradbury Hans I justified that that that it's been a very big difference and some sex is at the moment but so I guess you've got a value bias versus growth so setting aside those making caps you're you're looking at value is that because you want to play you know minus forty to minus twenty rather than say tech from the starting point to plus twenty exactly that's the breaks from the institutional mandates and it's all about trying to cushion that said generally you've got high cash position the Netflix and a higher than normal at the moment looking to be redeployed any corrections that amplify volatility that that that that could lead to the theater abroad it's a value box is inscribed in that sort of thing yeah all right George thank you and yes everyone is exercising more we need to do that well eating well being at home to Georgia before is head of research K. two asset management with us on Bloomberg daybreak Asia I.

Sydney ASX
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:51 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"A percent the ASX two hundred has has actually rallied off the lowest levels it's down less than one percent cost please only down two tenths of one percent and the Titanic's in Taiwan is trading up about two thirds of one percent as mentioned though China and all computers are down WTI crude twenty four ninety five and that is up five point six percent that's a brief look at markets at Baxter as Cisco as well Asia is a a picture today of an opening and some tougher separation policies China's Wuhan has lifted its lockdown after nearly two months travel restrictions these trains leaving the city flights resuming cars are now allowed to exit highways Hong Kong is extended social distancing guidelines through April twenty third says schools will be closed in the may Singapore is now banned all gatherings criminalizing gatherings among friends or family members even who are not living to gather and Japan has imposed separation policies and a stimulus if it's not a lockdown in Japan they can't do that constitutionally about they're asking people to isolate and two separate voluntarily president Donald Trump is saying that he is going to look at the U. S. funding of the World Health Organization he calls it China centric vice president Mike pence says their messages from several U. S. hot spots the infection curve is flattening due to social separation president says pressing forward on medical field aggressively working on vaccines and cures SBA working to get out money as quickly as possible they says the they say the African American population is being disproportionately hit hard in the United States New York City had its deadliest day to date also third day of below peak infections and the same pattern although the not exactly the same numbers for California UK prime minister Boris Johnson remains in the ICU in stable condition in San Francisco I met Baxter are dug let's get back to our guests John woods from a credit Suisse eight pack he is the chief investment officer so we were kind of going back and forth earlier John about that the shape of the recovery you kind of set aside the notion of the V. so whether it maybe things go well we see something that gains a little bit of traction in a year or two and it won't be protracted like the financial crisis or to a greater extent even the depression but where do you put money to work right now ray Dalio was posting earlier in the days have been centrally cash is trash do you need to be invested in some form of financial asset right now your respective to whether or not we we know the shape of what this recovery is going to look like all these are obviously the questions that are all people in the minds of people like me in the market right now I I want to share with you a small practical overweight that the credit squeeze our investment committee and I will two weeks ago we moved home you go to a small overweight largely focused in Switzerland within Switzerland in healthcare stocks other words we felt that we were only the blues clues to the loaded with all of this particular market and as such wanted to start taking a little bit more risk exposure we'll be in recess the conservative and risk of way in other words we think Crawford believes that the market now has blossomed out of orderly of all the three with the country early movers in this decision but we think that alongside the overweight in equities a positive tone for the tractive put stones towards investment grade bonds he is also an appropriate step and so what's your question more explicitly we think it's probably probably melted still gathering and accumulating high quality but as I mentioned to the defensive healthcare stocks and or invest in Great Falls what about your outlook on oil which is made another huge factor in terms of the shock to what's been happening to the global economy at what point do we kind of considered something like fifty dollars a barrel in oil is going to be feasible again all that's going to be quite a long time in our view obviously the the oil prices subject to profound geopolitical risk right now and the discussions between us though the Rabia and Russia over the OPEC plus did a debate and that is going to incorporate and include the United States into that the discussions also puts a wrinkle owns the likely outcome actually if they called to get an agreement frankly I would be a total surprise the oil heading even below the twenty thousand twenty dollars down but if they are people too under an agreement I would anticipate obviously oil price appreciation but getting back to the sixty dollars level it's not that historic no longer twenty four dollars ninety do you expect much more in the way of stimulus I'm sorry very quickly John yeah look if you want to point out that as important to this community is actually.

ASX
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:13 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"On to the Asian markets at the moment does any case trading down one point three four percent the ASX two hundred is off one point four percent were trading lower as well in the south really costly off about one point two percent haven is doing well goal sixteen hundred seventy four dollars Dalian one oh six thirty one and at the moment bonds is still getting purchased the yield on the ten year ninety point eight U. S. cents now C. I. C. C.'s latest reading of Chinese production getting back on its feet it's now at seventy point seven percent so getting back JPMorgan sees an opportunity here saying action from central banks and governments will counter the economic it used to be telling clients to trim their risky bets now they're saying boost your equity holdings that is check of markets let's get to news with that process hi Brian south Korea's announced a nine point eight billion dollars stimulus package to fight corona virus both the U. S. Senate and house have now passed the corona virus spending bill in the U. S. eight point three billion South Korea summit Japan ambassador over quarantine plan Japan decided to cancel disaster memorial ceremony in South Korea is urging Japan to retract its travel ban immediately says it's unfair to South Korea New York and Seattle see eight new cases of the corona virus San Francisco reports its first two Las Vegas its first the cruise ship that was due to dock in San Francisco today is being held off the coast with testing kits being dropped off from Coast Guard helicopters it may be now city says that it is working with state and federal officials that may be the ship doesn't even dock in San Francisco at this point Santa Clara county Silicon Valley California has recommended postponing a large gatherings New York governor Andrew Cuomo suggesting holding off on handshakes and hugs at public gatherings until after the virus is controlled in the World Health Organization director general Dr Tedros Ghebreyesus says he's concerned there's a long list of countries that are not taking the outbreak seriously enough I want to mention that to Elizabeth Warren has dropped out of the presidential race and up Israeli set Israel's president up Benjamin Netanyahu has failed to get the majority he needs to win a parliamentary government and the U. S. says Iran is working full speed of developing nuclear weapons and is demanding inspections Iran says no in San Francisco I'm at Baxter ari Paul all right thanks very much shades against this half hour is a bit cheeky C. I. O. Cooper global investments we were talking about havens and capital preservation I'm just wondering what your attitude is towards the bond market at the moment because we've seen the yield on the ten year steadily sinking up code blackrock vanguard are waiting for basic entry points how much lower do you see the yield sinking but you know Paul I think if we have a global recession thanks to this corona virus I think you'll see a goal potentially lower and you know we've seen across Europe and we've seen this in Japan for quite some time the deal could potentially even go negative and you know Jay Powell at the fed chairman didn't really help the case for higher yields when he came out and cut interest rates by fifty basis points so I think the bias here is to lower heels so but I don't think it's a great it's great value for anybody to find bonds but it may turn out to be a lot better did losing ten fifteen twenty percent on stock yeah Jeff Gundlach over a double line today was saying that the fed is likely to cut rates another fifty basis points the one the fed convenes later this month and ward McCarthy from Jefferies against earlier was saying essentially the same thing if you look at the historical data do you think the fed maybe I got a little too nervous and acted prematurely I think they predict probably they probably did react a little prematurely I think the feds created a little bit of a bubble here I think the fed put basically reacting to every a small sort of market dipped in the past has resulted in what is now what they have to do which is basically the markets have or level where if they don't react there could shock could be even more significant so I do think they're going to react and I think the unfortunate consequences of of that policy over the last decade really consensual crisis is it really every asset out there is a severely expensive and potentially even overvalued suffered for long term investors you know its it's not a good landscape if you're looking to make a decent returns here so yeah I do think they're gonna cut yes the Dallas fed president Robert Kaplan that quite a lengthy interview to Bloomberg just a couple of hours ago he said one of his key concerns is the availability of credit to business so is this a key risk to keep an eye on yeah I think it's a big risk I think you know I I talked about a global economic recession and you know typically economic recession start from an exogenous shock that is an external shock which is sort of unforeseen and you know the corona virus kind of fits that bill perfectly if the blacks one of them sort of like a very low probability high impact event so unfortunately you know we're in the midst of it and I think a lot of folks are optimistic and I'm optimistic guy but I don't think we've seen the worst of it yet in terms of you talk about the golden mean here we are at sixteen seventy three fifty right now do you think there's much in the way of upside here I do you know I think probably the single asset that I think does have significant upside here is Goldman and I say that because of interest rates and I say that because the fed is going to be forced to support these markets I know there is a chance a small chance that you know we kind of get through this without a bigger global macro economic impact the thing after members China's pretty much if if you think in cases in Europe and the United States imagine how many more cases there are in China that are potentially being reported right now the Chinese at a standstill Europe have a direct hit from China so you know this is some dangerous stuff and if I think you look across the board I see gold and a and and I think it's a lot higher I just really quickly you didn't give me a price tag on that goal before in one word do you.

ASX
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:53 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"Like a rough day today the ASX two hundred for instance is down two and three quarters percent New Zealand off more than three percent as Doug mentioned the Nikkei just open sometimes takes a while to get the full thrust of the move but right now it's down about one point one percent I will say this Dalian was at one oh seven oh four early early on now one oh seven seventy three so that's actually a meaning a little people are coming in and buying a little bit here there is we're we're off the worst levels of the day in terms of how scared are you the euro is trading here a dollar ten fifty so some strength there in the year old the yield on the ten year now one point one zero percent so quick move down a four basis points there we finished up on Friday one fourteen Goldman Sachs saying they now expect the fed to cut interest rates by fifty basis points this month the meeting coming up the middle of the month and fed chair Jerome Powell had opened the door to a rate cut on Friday so this is really a battle between how bad you think things will get and if there are coordinated actions by the central banks how much good well actually due to risk assets WTI all the way down at forty four sixty eight that's a quick check of the markets stuck to you interestingly though a installed the costly is actually higher by about four tenths of one percent we had the export data moving up for the first time in about a year we'll talk more about that coming up here on daybreak Asia let's get to China next where economic growth estimates are being lowered that's after the country's measure of factory activity fell last month to the weakest on record let's get more from Bloomberg's Tom mackenzie the manufacturing PMI plunged to thirty five point seven and back down from fifty the previous month at the same time the non manufacturing PMI tumbled to its lowest ever at twenty nine point six a reading below fifty denotes contraction this is one of the first pieces that they took with selecting the impacts all cope with nineteen and the readings reflect government measures to control the outbreak sentries were left with few workers and limited war materials to restart production the epidemic has pummeled both production and consumption and put millions of companies in peril numerous chief China economist looting noted the date that might even have been worse he expects China's gross domestic product may now shrink by two and a half percent in the first quarter from the fourth quarter so mackenzie Bloomberg daybreak Asia well after all that are you is it any surprise that people are saying central bankers are preparing to take action against economic fallout from the crown of virus for getting more now from Bloomberg Susanna Palmer fed chair Jay Powell says the virus poses evolving risks to the economy and the fed will act as appropriate the market is betting on aggressive rate cuts and the fed funds futures are close to pricing in a move even before the next fed policy meeting in the week ahead we'll hear from about a dozen fed speakers away from the U. S. the bank of Canada will set monetary policy on Wednesday Susanna Palmer Bloomberg daybreak Asia and we'll also hear from the RBA the reserve bank of Australia on Tuesday Goldman Sachs is expecting a quarter point cut their let's pivot back to the federal critically chair Jay Powell said the fed is monitoring the evolving risks and president trump responded over the weekend with a tweet he said it's time for the fed to cut rates now are fed has been a follower we need a said that's going to be a leader we should have at least the same rates and ideally lower rates than other countries we should be paying more now the president went on to say he's confidence or it does have confidence I should say in the U. S. equity market bouncing back after a week that saw the biggest decline for the S. and P. five hundred since two thousand eight all right never gonna get back to ed Baxter in the nine sixty San Francisco newsroom latest.

ASX New Zealand
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:31 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"Region risk aversion for sure today the cost be down more than three percent the ASX two hundred down more than two percent most of the markets are trading around one percent lower will get your full details on markets all the action coming up shortly but for now the top stories well the coronaviruses stepped up its human and economic destruction of the weekend inside China's top leadership has pledged for that fiscal and monetary steps to help growth rebound the IMF meanwhile say the outbreak could put the global economic recovery at risk and we just hearing from China's ministry of finance saying that they will increase transfers to virus huge regions and will also cut taxes and fees to help companies South Korea raised the country's infectious disease alert to the highest level they also confirmed one hundred sixty one more coronavirus cases today it's a total of seven hundred sixty three people now infected northern Italy cancel public events including the Venice carnival coronavirus infections they're rising to one hundred forty people the travel ban affecting some fifty thousand people southeast of Milan also implemented the U. K. says full passengers who arrive Saturday from the diamond princess cruise ship in Japan have tested positive for the virus three passengers on the ship have died and another tested positive after arriving home north of Tokyo and this comes despite a negative rating during the ship's quarantine a Ron has also reported at least AC virus deaths the most outside of China central and local governments in China are loosening the criteria for factories to resume their operations they're trying to walk a tightrope between containing the virus that has killed more than twenty four hundred people and preventing an economic slump transport industry officially shall Ming said that eighty million migrant workers have returned to where they work already one hundred twenty million more by the end of this month well pepsico I plans to buy the online snacks company Hangzhou how messy food known as B. and sherry for seven hundred and five million dollars from the how shiny health food company B. and Cherise products include not stride fruits meat snacks baked goods that are sold mainly online through China is a major E. commerce platforms the company says the deal is subject to a house on the shareholder version certain regulatory approvals Pepsi trying to expand in the Asian nation where it saw double digit revenue growth last year and a possible deal in the tax filing industry into it is reportedly near to buying credit karma for about seven billion dollars in cash and stock more from Bloomberg Denise Pellegrini this would be into its largest acquisition ever and allow the maker of TurboTax to market credit karma's personal finance tools the Wall Street journal says under the deal credit karma would operate as a standalone and chief executive would remain in charge analysts including those at Morgan Stanley of born that rival services offering free tax filing are nipping it into its heels Denise Pellegrini Bloomberg daybreak Asia all right let's get a check of market action and is certainly right across the screen when you look at the Bloomberg terminal today it's really is a six two hundred is down some two point three percent in Sydney tried south Korea's KOSPI as we're talking about has been hit very hard by the increase in the number of virus cases there the KOSPI down by three percent to also seem quite a bit of weakness coming three in Malaysia today on the back of political was as well Malaysian politics it for another shakeup prime minister Mahajan Muhammad apparently refusing to hand power to and what you bring him the Malaysian market down by one point five percent in the ring get off by seven tenths of one percent of full support two two seven seven no surprise you sing a lot of money going into bonds today the yield on Singapore's thirty year down four point three basis points also seeing a weakness to in China's yield on the ten year down three point two basis points and markets have significantly dialed up the odds of a rate cut in South Korea as we continue to see these virus cases surge according to Bloomberg data based on Korean wonderful would swap rates there is now a full cut baked into markets over the next three months with implied odds of a rate cut up eighty percent from less than forty percent on February fourteenth quick look at commodities WTI crude is down two point seven percent at fifty one dollars and ninety seven of barrel and was seeing the gold price Brian hi ed six hundred sixteen hundred and sixty two dollars an ounce prime yeah what a day for markets let's take a look at news let's get the latest here at Baxters in San Francisco so coming out of Nevada and Bernie.

ASX
Asian Shares Tumble On Virus Worries

Bloomberg Daybreak: Asia

01:21 min | 2 years ago

Asian Shares Tumble On Virus Worries

"And Brian we are seeing significant selling coming through across a number of key Asian markets today yes this spread outside China particularly with South Korea this morning announcing so many new cases another hundred sixty one cases investors very nervous the crosspiece trading down sixty three points now that's a drop just under three percent for that index no trading in Tokyo today some of the other big losses include the ASX two hundred trading down two point two percent and the hang Seng index here in Hong Kong off one point three percent the China markets are faring a little bit better with the CSI three hundred trading down about a half of one percent this consideration here that the spread outside China might run unabated and that could bring down global growth and so investors are selling and we've been musing in the in the markets live blog that this is one dip that maybe investors will be slow to buy and that's what we're seeing this morning out of single market is trading higher some of the haven investments are higher gold for instance sixteen hundred sixty three dollars and eighty cents and bitcoin is higher just under ten thousand now with a gain of two point four percent some of the selling in the Chinese currency the CNH now seven oh four eighteen although off the worst levels of the day trade on the weak side of seven oh five billion now one eleven fifty eight so lots of action in the

Brian China South Korea Tokyo Hong Kong ASX
Australian ASX, Indian Hsieh And Scott Morrison discussed on Bloomberg Daybreak: Europe

Bloomberg Daybreak: Europe

00:26 sec | 3 years ago

Australian ASX, Indian Hsieh And Scott Morrison discussed on Bloomberg Daybreak: Europe

"Week. But in terms of the markets right now, we've got the CSI three hundred index China down, one point five cent Shanghai combo say week eight tenths of one percent. One of the big move is has been the Australian ASX. Gain of one point seven full percent. They self supremacist. Scott Morrison is returned surprise election victory for the conservative Indian Hsieh's will say searching on the exit polls, the prime minister of emojis coalition is poised to win a

Australian Asx Indian Hsieh Scott Morrison Prime Minister Shanghai China One Percent
Pressure On China To Agree To Trade Deal

Bloomberg Daybreak: Europe

00:49 sec | 3 years ago

Pressure On China To Agree To Trade Deal

"Radio. Even though we have a lot of liquidity offline from may happy made if you are taking today off there still some selected assets that are trading and some important events to look ahead to US equity futures advancing then he had apples upbeat forecasts. Traders expecting lower volumes throughout the day. Then bit of movement coming through in terms of US equity futures higher. You've got a bit of movement on the ASX two hundred straight up about eight tenths of one percent. Other than that. It's pretty quiet on the equity side in terms of the handover overnight. We did have course, they Tekere innings more generally with apple but also a little bit of a well, it was a weight on the shoulders from Google corporate earnings and develop the trade conflict between the US and China remain front and center, that's for sure I mean, running through some of the currency pairs here. You're looking here the Bloomberg dollar index. That's just barely about the flat line here quiet on the Major's front. So I mean, pretty much all of these pairs unchanged. Eurodollar one twelve twenty Donnie in one hundred and eleven fifty and cable is up less than a tenth of one percent. Short of one thirty fifty five commodities are on the pressure a little bit. Brent crude Coney down six tenths of one percent. We have higher inventories out of the US and the initial data overnight. Gold is lower by three tenths of one percent. So the metals on the pressure let me run through some of the news as well. In terms of the corporate earnings because we are getting of course, quite a few fast and furious start off with Sainsbury's fiscal year revenue at twenty nine point zero one billion pounds. You're looking here at fiscal year sales of thirty two point four one billion pounds to final dividend. Shares going to be seven point nine Pence. Few notes on guidance year Sainsbury saying the consumer outlook continues to be uncertain and that they are well-placed to navigate the external environment. So that's on the Sainsbury's front more retail input from next currently first quarter retail sales coming through a negative three point six percent. The market was looking for actually more of a contraction here down six point two one percents of slightly better than some of the analysts had pencilled in. I go to online sales eleven point eight percents the estimate heroes for twelve point eight percent. And so a little bit of a little bit better on the retail sales. But a little bit short of estimates on the online sales on guidance. They're still seeing fiscal year pre-tax at seven hundred and fifty million pounds and still see full price sales at up one point seven percent. And then also on the economic front. We've got some UK April house prices. They're up zero point four percent on the month. That's the nationwide. Up zero point nine percent on the years that is some economic input as well. So that's a bit of a flavor then on what's happening with these corporate earnings. Let's get now to some of the stories we're watching very carefully starting off with what's happening with the United States and China. The White House is ramping up pressure on China to reach a trade deal in the next two weeks. Bloomberg daybreak Asia anchor Bryan Curtis has more from Hong Kong, the US said once again, he would walk away from the talks if no deal, Mick Mulvaney, President Trump's acting chief of staff said negotiations would not go on forever. So the administration is making its impatience known a slight shift from the earlier more optimistic messaging still going into talks today. Treasury Secretary Steven Mnuchin said the US side had a nice working dinner last night with vice-president Leo hub, two of the quick notes. The F T says the US is likely to accept a watered-down commitment from China on security that to speed up a deal and. And Chinese regulators said today, both Chinese and foreign banks will no longer be subject to ownership caps on local banks Kong, Bryan Curtis. Bloomberg daybreak Europe. That means on world financial markets away. Today's Federal Reserve announcement on the US interest rates. Bloomberg's Michael Mckee has a preview. This fed meeting is widely expected to be a nun event except for that little possibility of a rate cut. No, not a policy cut to the fence target. But an adjustment to the rate of interest. The central Bank pays banks on excess reserves the effective federal funds rate traded a record five basis points above the excess reserves rate Tuesday most traders blamed technical rather than policy issues such as a rise in repo rates on other securities that suggests the fed doesn't need to do anything others note, though, it's been an ongoing problem and forecast a slight cut in the rake in Washington, Michael Mckee, Bloomberg daybreak Europe. And as the central Bank meant to weigh monetary policy. Donald Trump sought to pressure the fed to make drastic moves to boost and already healthy US economy in a pair of tweets Tuesday. Trump criticized the fed for having incessantly lifted interest rates and wonderfully low inflation Colfer steep interest rate cut and the resumption of bond purchases as well. The thing with the theme. The president's comments came as another political drama swirled around the central Bank on Capitol Hill Trump's plan nomination. He recalls Stephen Moore to the fed sports looks increasingly uncertain as a third Republican Senator voices downs. The story from Bloomberg's Charlie Pellett. Senator Lindsey Graham of South Carolina. A key ally of the president told reporters that Moore would be quote, a very problematic nomination, though, he has not made up his mind. Senator Joni Ernst of Iowa and Senator Richard Shelby of Alabama on Monday voice. Their own concerns about more a Heritage Foundation fellow and a former Trump campaign adviser Ernst the senate's fourth ranking Republican told reporters, quote, I am not enthused about what he has said in various articles later, Monday Shelby. The former chairman of the banking committee said he thought the proposed nomination, quote has some problems Charlie Pellett. Bloomberg daybreak Europe. That's something singing. Singapore where Mark Cranfield and markets live team joins us, Mark. Let's start off with the mlive question of the day. The fed odds in terms of the likelihood of a move very contradictory and not really in line with what we're seeing the job market. Yes. Good morning, certainly the market by some as strong as it's been since the nineteen sixties in the United States pretty healthy condition. We've also saying some pretty good wage growth as well. Even though it hasn't really fit injuring flation too much. So Fava certainly in the GDP data from Las week, as well already know the picture is pretty healthy economy. We go to started go to the payrolls not becoming up on Friday, and the fed will certainly be thinking about this as well because it probably reinforce this very strong picture of job market. So when you have that in the background certainly makes a bit curious as to why the mock is getting so excited about the polls. Not of the fed may take the opportunity to to try and rain the market back in a little bit and try and get them back more to a neutral territory because of that. Let's talk about the greenback. It's climbed against all but three of its group ten currency peers and twenty nineteen to folks at TD North America point out that any further strengthening any wheat test of some of those twenty eighteen is could mean trouble for stocks can be trouble for high your credit and currencies as well. More. Generally. You're seeing that dollar bears can return to hibernation after the FOMC run me through your thinking. Yeah. So we had a little bit of softness in the dollar towards the individual pro, and that's not unusual this month and maneuvering which goes on. And it's quite often the case where people are just have to tidy things up in the came off a little, but the fundamental case for is is pretty hard to ignore right now, particularly against the emerging market currencies. You've got short term rates in America, which are very high in comparison to other g ten currencies relatively high compared to the emerging market world. Plus as we were saying this pretty strong background of data from the United States. And they made it very. Clear it's on a long-term polls here. So he's not really going to be going anywhere. We've monetary policy at the same time. There's other countries that want to lower interest rates in in Asia. We've had India of moved already we've got to Malaysia looking at it, South Korea looking at it Philippines, Indonesia, they're all heading towards lower rates environment. So that certainly from an investor's point to you. They're probably thinking that the fed is beginning to look like a high yield currency here. So we could save it. If a rebound once the fed is out the way people start looking ahead to Friday's jobs report. It's always a pleasure catching up. Thank you for stopping buying. It's Mark Cranfield. Remember the for real time market commentary and analysis to markets. Lifelock. That's the only Bloomberg terminal. Let's get into some of the corporate news because apple their their numbers of projected quarterly sales top analysts estimates more from Bloomberg's Charlie Pellett. The reports suggest demand for iphones stabilized after a disappointing holiday period. The company also reported solid revenue. Growth from its services business as consumer sign up for a growing Schwartz board of digital subscriptions. Apple shares have surged more than forty percent from twenty one month low in early January after lacklustre iphone sales prompted the company to cut its holiday revenue forecast. So far this year. Apple is up twenty seven point two percent in New York. Charlie Pellett, Bloomberg daybreak Europe and do better as demand for all. The shares offered in its IPO just one day after kicked off throat show in London. That's according to people familiar with the matter, the ride hailing company will continue meeting potential buyers in New York and San Francisco as it seeks to raise as much as nine billion dollars right time now for the latest elsewhere in the world with Bloomberg's leeann guarantee, man. Good morning Yussef Kwun guidos gamble to take control. Venezuela appears to have flops the position need publicly called on the armed forces toback his attempts to oust nNcholas Maduro, but the military command. And state loyal to the president the US reiterated its support for quite, but it seems to have little effect. Japan has seen the first voluntary handy of the chrysanthemum throne in more than two hundred gays. Bloomberg's Crisan STI has this report from Tokyo Japan. Welcome to new emperor on Wednesday with hito acceding to the throne in a ceremony attended only by males symbolic, Hugh leader ushers in a new era Ray, or beautiful harmony, one of the emperor's first major tasks will be to entertain US President Donald Trump who arrives later this month for state visit interfere Chris Asti, Bloomberg daybreak. You're in the UK. There's around with a neighbor vets policy on another e referendum some of the party's MP's won't want an Olsen Kim stances, while others would prefer a better Brexit deal general election yesterday, the ponies governing buddy agreed to stick to its policy of simply keeping the option of another poll on the table it disappointed labor backbencher Mary Cray danger. We're trying to ride. To wholesalers on nicest. Theresa May has demonstrated over the last two years is that you end up leasing date. The country is looking to the labor party for leadership. They're looking to labour leader for leadership, and this may French police carrying out full, potentially violent protests across the country. Bloomberg's Caroline Conan reports for the first time the universe will join climate activists any traditional union marches, but as many as fifteen hundred black blocks anarchists are also expected in Paris. French president mccone came up with a new wave of reforms last tweak. The two-thirds of the French said they were not convinced in Paris, counting Kernen, Bloomberg daybreak Europe. Cable news twenty four hours a day on air take takes on Twitter,.

Bloomberg United States FED Europe Donald Trump President Trump China Apple Charlie Pellett UK ASX Mark Cranfield Bryan Curtis Sainsbury Senator Lindsey Graham Donnie Google
Hope of breakthrough in US-China talks

Bloomberg Best

00:41 sec | 3 years ago

Hope of breakthrough in US-China talks

"Percent. Hang sang down. One tenth of one percent. The ASX two hundred is essentially flat. And in Seoul, the kospi up two tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter. This is. Bloomberg. The US is increasing legal pressure on wall way. Justice officials sit down to negotiate trade leaving the Federal Reserve with nowhere to go. Anytime soon. The first meeting of twenty nineteen begins today for more on the Federal Reserve policy and the outlook for a US China trade deal. Bloomberg's vonnie Quinn and guy Johnson spoke with Vanguards global chief economist Joe Davis, how have your figures changed over the last few days while we were in -ticipant in some elver elevator rise of uncertainty, but we even been worse than we would have expected the United States China and in Europe off seen a rise in what we call policy uncertainty that has lowered are already below expert below consensus growth forecast for the United States for China and for Europe. So we do the best. We can I think we're in for a turbulent economic growth environment for at least the next several months because this uncertainty even that you've been talking about today at the margin, crimps investment and jobs across the world is the data enough as a plug in anymore and not that we've been getting. The data. Economists don't even have what data door to get this year. But even if it were doesn't give us the full picture anymore. I don't think it does. I mean, I think we're still working through even even some of the manufacturing. We're we're going to see some of this inevitably given the restock and we saw at the end of last year, given the rise of tariff. So I worked for some top of waters. I think we're not going to get a clear picture that the economy

Federal Reserve United States Bloomberg China ASX Europe Twitter Seoul Chief Economist Vanguards Guy Johnson Vonnie Quinn Joe Davis -Ticipant One Percent Twenty Four Hours
Apple shares jump as earnings clear lower bar

Bloomberg Daybreak: Asia

00:40 sec | 3 years ago

Apple shares jump as earnings clear lower bar

"Morning. The earnings in the United States were fairly solid. I think were beating on about seventy four percent of the time with US corporates in the S and P five hundred and the earnings themselves are up about twelve to fourteen percent. That's better than what we thought about ten days ago. So there's a little better tone. With that Apple's earnings also although they were better than expected. They were much lowered expectations. So you sort of have to pick and choose their and the markets just inching up a little the Nikkei is up a tenth of one percent Twenty-three points, higher ASX two hundred half a percent in Seoul, the kospi is flat to slightly lower and New Zealand has been trading

United States Seoul Apple New Zealand Seventy Four Percent Fourteen Percent One Percent Ten Days
Major Asian markets end mixed amid uncertainty over US-China trade talks

Bloomberg Daybreak: Asia

00:27 sec | 3 years ago

Major Asian markets end mixed amid uncertainty over US-China trade talks

"Stocks are mixed now after trading lower for most of the morning pessimism. You might say has gotten the upper hand in US, China trade talks structural issues there which could be a problem. But the Hang Seng index is trading little higher now up two tenths of a percent. China's stocks that are listed in Hong Kong. The shares are up about a quarter of a percent, both Shanghai and Shenzhen are flat. The Nikkei is flat. And the ASX two hundred is is also flat. Couple of

China Hang Seng ASX Hong Kong United States Shanghai Shenzhen
Asia stocks calm as China slows

Bloomberg Daybreak: Asia

01:56 min | 3 years ago

Asia stocks calm as China slows

"What's happening in financial markets as the Asian trading day gets rolling. Let's get it over to Bloomberg's Doug krizner. You were talking earlier about one of the components. I guess a foundational component for this optimism being optimism on U S China trade, given the fact that is Bloomberg news reported last week. The Chinese were making some kind of offer on a path to eliminate the trade deficit with the US. But now we're hearing that the US and China have made very little in the way of progress when it comes to the issue of IT, we are told Chinese officials have denied IP theft, and they have asked the US for proof. So in turn the US T R, the office of the trade Representative of told US lawmakers of the lack of progress on the issue of IP. This may have been one of the factors helping to take equities from session. Highs here in the early asiapac session. We also have negative South Korea neck port export data for the first twenty days of the month of decline of nine and a half. Half percent. If you look at semiconductors by themselves. Semiconductor exports in the first twenty days were down twenty eight point eight percent. The Korean one right now against the dollar weaker by four tenths of one percent. Let's look at the equity picture very quickly in Seoul, the kospi down two tenths of one percent, Sydney. Asx two hundred is better by two tenths of one percent. In tokyo. The Nikkei still holding onto a gain of about four tenths of one percent. We had been higher by about one percent earlier. But the yen has strengthened now against the dollar to one oh nine fifty five in that has helped to take some of the wind out of the sales of the Nikkei in Hong Kong hang sang up three tenths of one percents. Shanghai composite. Meantime, better by about three tenths of one percent. Now, we have a holiday in the states markets will be closed in observance of the Martin Luther King junior day. So as a result, no trading in US treasuries in the Tokyo session. The ten year was last quoted at a yield of two point seven eight percent. I'm Doug krizner at Bloomberg. Interactive brokers studio in. New York, Paul. All right. Thanks very much. Doug. Well, the second Trump Kim summit is expected to be held in Vietnam. Baxter's. Global news in the Bloomberg nine sixty San Francisco newsroom. Ed, exactly right, Paul. That's the word today from the Trump administration. Anyway, vice President Mike Pence on FOX saying the US goal to begin to make real the denuclearization. That can Jong on committed to the first word is location Hanoi. But that hasn't been firmed up. We're told denying hokey men city also appear to be in the running. He you nations are split and disagreeing over how long they think the UK could delay Brexit how some of them pushing for up to a year. Others want pressure applied to accept a deal as soon as possible it's up to the UK to ask for a delay. Something Prime Minister, Theresa may has adamantly said she will not do you k- trade secretary Liam Fox in the BBC says the message to the EU is that there is a real possibility of Brexit without a deal there watching my message stem is I hope you've understood from this program that new deal is a real possibility at least put the African. And may is preparing to set out where Brexit goes next in parliament tomorrow MP's are already preparing to take control of the process. She's had a call with her cabinet today. Japan's Prime Minister Shinzo Abe's heads for talks in Moscow this week. The hope is resolution of the seventy year old dispute over Pacific islands, but Russian rhetoric has turned strident as foreign minister Sergey Lavrov says Russia will not surrender any territory and is publicly offering a pointed reminder of Japan's World War to defeat. Japan's hope would be that this is just pre negotiation rhetoric. US house leadership is how the Trump announcement over the weekend of a compromise which would give some dreamers, DACA. Three years to stay in the US. They say, it's an odd started. But Republican James Langford says it is a very good approaching the presents put a reasonable compromise on the table. Everyone knew we're going to go through this process. We're gonna end up compromising on multiple different areas to be able to resolve it. But the core elements are there that we all strongly believe about. But democratic Senator Mark Warner says this announcement by the president could be a starting point. But the government has to be opened. I what we cannot do. And I've actually had Republicans as well recognizes is that we cannot reward the kind of behavior of hostage-taking because if the president can arbitrarily shut down now he will do it time and again warned her on NBC and the House Democratic whip James Clyburn on FOX says he has a path forward temporary protective status for all people sick in the come to this country and the Trump Tower Russia talks didn't end until November election year. That's a far later than has ever been admitted by the Trump administration personal attorney Rudy Giuliani and CNN saying yes, November. But I'm not I'm not at all concerned about that. He gave a full and complete answer to it. I can't share the whole thing with you. But I can't share the conclusion, which is he had conversations with Michael Cohen. But it was Michael Collins driving the project says he never ordered him to lie to congress in San Francisco. I'm Ed backs. Stir? This is Bloomberg Bryan, sir. All right. Ed, let's move on to sport Donna pages with

United States Bloomberg Doug Krizner Trump Administration ED Nikkei San Francisco Bloomberg Bryan Brexit Paul Trump Tower Russia Trade Representative U S China Martin Luther King South Korea Seoul UK Shanghai Interactive Brokers
NBC to launch free streaming service in 2020

Bloomberg Daybreak: Asia

00:38 sec | 3 years ago

NBC to launch free streaming service in 2020

"Global growth the s&p down for only the third time this month. Paul Nolte is portfolio manager at kingsview asset management betting treated is certainly having an impact here in a slower. China is a slower global economy, and it will filter through and eventually make it back to you shores. And then I think is really what investors are looking at the S and P five hundred index dropped thirteen points down five tenths of one percent. Dow Industrial's down Eighty-six down four tenths of one percent. The NASDAQ composite index was down sixty five points, a drop of nine tenths of one percent in New York. Charlie Pellett, Bloomberg daybreak Asia. All right. We're thirty four past the hour. Let's get to Hong Kong. Bryan Curtis is they're looking at market action. Not a lot of doom and gloom. Which is surprising. Right. Yeah. I chalk it up to Citi group actually because the way that CitiGroup traded. It's earnings were okay. Not great, obviously fixed income trading was weak, but it's emanate advisory and some of the trading operations. I mean, the treasury operations did pretty well, and it gave an upbeat forecasting that trading. Looked a lot better here in the past few weeks. And if you look at the Nikkei, you mentioned that it opened lower. In fact, we're expecting everything to be a little bit lower today. But the Nikkei up about two tenths of one percent financials in Tokyo or up nine tenths of one percent technology stocks up seven tenths of a percent healthcare is benefiting as well. So it seems that that this is the pattern that has has developed here in the last thirty two to forty five minutes that investors are are going with the city read and still going with last week's trade, which is slightly better conditions. The possibility of of a trade deal between the US in China. And also the fed that is seemingly. The on pause. I think we mentioned as well. That Richard Clarita was saying perhaps you'll see fewer than two interest rate hikes. That's a possibility at least. So let's run through the numbers. The Nikkei up two tenths of a percent. Asx two hundred up three tenths of a percent. New Zealand up about one tenth of a percent, and the kospi is now pushing one percent gains the dollar is weaker that helps doll yen one hundred thirty four year old one fourteen seventy four the OSCE back over seventy two cents and the yield on the ten year. Two point seven zero percent. A quick note oil is higher that maybe leading four tenths of one percent Paul over to you. All right. Thanks, brian. China's sentencing of a Canadian man to death has been called arbitrary Justice in retaliation for the Weiwei arrest. Bloomberg's back global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Paul, right. Canadian Robert Lloyd Schoenberg has been sentenced to head been sense to fifteen years in prison last month for drug smuggling. Now, a judge on appeal suddenly has sentenced him to death. Canadian Prime Minister Justin Trudeau strongly condemning the action as retaliation for the rest of while way. Executive men want you saying the world needs to watch Beijing's use of the Justice system closing in on the vote on Brexit, e you deal in parliament, Prime Minister, Theresa may says MP's have to do the job that they were elected to do on all sides of this house, whatever you may have previously concluded over these next twenty four hours give this deal a second, look, but opposition labor leader. Jeremy Corbyn says no that's not right. We were promised the easiest

Paul Nolte Bryan Curtis Bloomberg Robert Lloyd Schoenberg China Prime Minister Citi Group Jeremy Corbyn Dow Industrial Hong Kong Justin Trudeau Treasury Portfolio Manager Asia Charlie Pellett New York Richard Clarita
Bloomberg, New York And US discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:18 sec | 3 years ago

Bloomberg, New York And US discussed on Bloomberg Daybreak: Asia

"All right. Let's get a closer look at what's expected here in the Asia Pacific. And in fact, what's happening here. Doug, I mentioned a five percent rally and just an full of days in Hong Kong, but still down fifteen percent over the past year and the CSI three hundred and China down thirty percent even after the gains of late. Yeah. Right now, hang sang is up about one point five percent in the Japanese market. The Nikkei is higher to where seeing the trade essentially flat against the dollar here. One. Oh, eight. Eight seventy infotech the only stock group within the Nikkei, that's showing weakness energy shares are being helped out a bit by a rise in the price of crude oil WTI right now in the electron accession fifty thirty to the game. There is about one percent during New York. Trading crew had been up for a seventh straight session. The bet here is for tighter supply, given the OPEC cuts we've been talking about and consider what may happen to the growth story. If if we do get traction on a U S China trade deal right now in Seoul, the kospi is up by about one point four percent in Sydney. Asx two hundred ahead nine tenths of one percent. And on the mainland. Shanghai composite is ahead about six tenths of one percent. Long term interest rates relatively stable here in the Tokyo session. If you're looking at the US ten year treasury we've backed up about three basis points in yield in New York on Tuesday to seventy two right now is kind of where we are trading. The dollar is pulling in about two tenths of one percent. If you look at the Bloomberg dollar spot index. That's about the same degree that we were up in New York. If you look at the Bloomberg dollar spot we were hired by two tenths of one percent. Offshore Chinese one right now six eighty four forty so we're a stronger against the dollar by two tenths of one percent. I'm Doug krizner live at the Bloomberg interactive brokers studio. Juliette? Thank you, Doug. And is apple story going to get worse or to set a report coming through from the Nikkei on the Bloomberg that apple will cut production of three new iphone models by ten percent will US President Donald Trump will take a tight to the era. I should say in about half an hour to present his case to build a border barrier. Ed Baxter is covering all the global news in the Bloomberg nine sixty San Francisco newsroom. Ed, Juliet, he's hearing voices in his head from from outside his conservative allies are pushing to have him declare a national emergency and use those dollars. Bloomberg Joe subject says that's not what we're hearing that he will say we're told that the Trump will offer something of an olive branch in some form or fashion to the Democrats who have been at at stalemate with it. He's also. Oh invited the top leaders of both parties in congress to the White House tomorrow, and he's going to talk to. Republican senators at their weekly lunch. Tomorrow's no, of course, all of that can change with a tweet and the president's case already being made by vice President Mike Pence today, we need new resources we need to build a wall. But we

Bloomberg New York United States Doug Krizner Donald Trump Bloomberg Interactive Brokers Ed Baxter Hong Kong Asia Pacific China President Trump Opec Shanghai Vice President Mike Pence Congress Seoul White House
Trump says 'big progress' on possible China trade deal

Bloomberg Finance

00:32 sec | 3 years ago

Trump says 'big progress' on possible China trade deal

"This will include ESPN, and it's all games the distribution agreement covers four point six million files customers it was due to expire at five PM in New York on New Year's Eve trading is thin in the Asia Pacific region and major markets are closed in Japan, China Taiwan and South Korea after an abbreviated session. The ASX two hundred in Sydney finished down one tenth of one percent right now. In Hong Kong, the hang sang is up about one and a half percent because of the holiday in Japan. No trading in US treasuries. The ten year was last quoted in New York Friday at a yield of two point seven one percent and WTI crude oil in the electron accession at forty five seventy five global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. This. This is Bloomberg. This is

New York Japan ASX Hong Kong Asia Pacific Espn Bloomberg South Korea Twitter United States Sydney Taiwan China Seven One Percent Twenty Four Hours One Percent Ten Year
China: October money and credit data both surprise on the downside

24 Hour News

00:53 sec | 3 years ago

China: October money and credit data both surprise on the downside

"Markets up and running Doug krizner is tracking them for us. Fairmont of weakness with the exception of Tokyo where the Nikkei is now higher by four tenths of one percent. Some of this may be due to a weaker yen at one thirteen ninety four against the dollar wanted to get to our bureau in Tokyo, bring in Bloomberg's Jeff Sutherland for a closer look at what's happening on the ground there. Good morning. Jeff good morning. Well, we did get a report on GDP this morning and as expected Japan's economy got hit from several sides during the third quarter with GP shrinking one point two percent. That's the second time. Here we've seen a contraction of discount around because of the earthquakes and typhoons and heavy rains shut down factories and airports, but also experts weekend because of softer globally demand in that may reflect the impact of a trade war. And the overall result was a bit worse than economists had expected, but they're senior recovering the fourth quarter. Meanwhile, stocks are positive after yesterday's keep declined the Nikkei after about point three percent, and automakers are providing the biggest boost on hopes that the Trump administration will hold off on new tariffs for autos, but energy shares are down that dot yes, indeed energy. That was the same story. We had here in the states with a collapse in the price of crude oil WTI during New York trading fell to a nine month, low the drop was greater than seven percent and a lot of factors going on in the oil. Patch? Not the least of which all the latest tweets from President Trump with respect to being critical of Saudi Arabia on reducing output for the kingdom. In Hong Kong. Hang Seng down three tenths of one percents. Shanghai composite is off about two tenths of one percent right now in Seoul, the kospi down one tenth of one percent. And in Sydney, the ASX two hundred is weaker by eight tenths of one percent US ten year treasury in the Tokyo session, yielding three point one four percent. I'm Doug krizner in the Bloomberg interactive brokers studio in New York. Juliette? Thank you, Doug. We'll as the SEM meetings continue today. What is the prime focus? Ed Baxter is covering all the global news in the

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Reserve Bank of India holds interest rates, rupee falls

Bloomberg Daybreak: Asia

09:15 min | 4 years ago

Reserve Bank of India holds interest rates, rupee falls

"Will proceed. We look at the vehicle factor. If we look at the roadway, we look at survival factors. We look at the the condition of the driver's license of the drivers we look at the operator self the company limo was on its way to a birthday party, a staunch backer of President Trump is taking a commanding lead in Brazil's presidential election on Sunday far-right candidate John Deere, Bolsonaro shot into the lead in Brazil's presidential vote in some of the most divisive elections in the country. According to official results. Former army captain Bolsonaro riding away, but indignation against corruption has forty eight percent of the vote with eighty percent of the votes counted. He needs fifty percent to avoid a runoff, President Trump's celebrated just Justice Brett cavenaugh swearing in. As the new supreme court Justice Democrats. Are regrouping and focusing on the midterm elections on ABC's this week. A key Senate Judiciary committee member Hawaii democrat maisy Hirono address, the cavenaugh confirmation there's going to be on the supreme court with a huge taint and a big Astra's after his name on ABC's this week counselor to the president Kellyanne Conway disputed Hirano's claim Justice cavenaugh should not be seen as tainted. He should be seen as somebody who went through seven FBI investigations, including Justin this last week, another one that was completed this past July had answered twelve hundred written questions had produced about a million pages of documents global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Mark mills. This is Bloomberg. Doug. All right. I'm Doug krizner at Bloomberg interactive brokers studio in New York wanna let you know that the Australian market is up and running they've gone to daylight saving time down under the ASX. Two hundred is off one half. Half of one percent. William has is with us. He is co CEO head of research at PR. See macro, William always a pleasure to have you on the program. I'm curious is what do you make the PVC cutting the amount that banks have to hold in reserve over the weekend is triple are cut. How much has to do with concern about the economy, and how much has can does it have to do with maybe that the equity market falling out of bed potentially? I think both they're both related. I thank you know. So they they tried to downplay the need for this thing this interest. Swap out MLS maturity, isn't it? Also, some treasury deposits but realistically also over the weekend. We saw a major default in us. Bankruptcy of a major steel producer in Tianjin. So that that indicates that the credit narrative hasn't changed that we think the credit narrative is still driving the narrative in addition to the pen speech last week, and this kind of cloud hanging over a lot of industries in China. So we were expecting a triple are cut anyway. But I think after the speech last week, I think that kind of puts it up to the front of their agenda. How do you see this fitting in with the broader story about the trade wars this evidence that it's starting to bite for China? Well, yes. And I think the evidence is also indicating that this is going to go far beyond trade very quickly. And so the pen speech last week. I think it's something that people should really sit down. And listen to even though he's vice president. I think it's a very strong statement from the US and China's definitely taking it seriously. So what that setup is really, you know, an across the board clash of institutional values. And so it's very difficult to go from that to something that you just put into some numbers that reduces the trade deficit. So I think the signals coming out of Washington for a lot of a lot more beyond trade in the next year. So I think this is in the early stages of this whole process. It's interesting. We had a guest the last hour who's indicating that maybe the cloud would lift after the off term elections here in the United States. But I'm sensing that you think this is going to be kind of a protracted fight of sorts. Yes, I disagree with that view think what would pencil saying that this is, you know, I got a fundamental institutional clash, and so that's very difficult to back away from the oh, by the way, all those things are saying about China. They're no longer true. We're just talk about you know, soybeans. And and, you know, high tech stuff that doesn't make sense. So I think this is going to be a defining issue for for for Trump heading through this this first term, and assuming he's got to run for reelection that this is going to be something that he tries to seize on if only to distract attention from a whole range of domestic issues in the US. All right. Well, he when we continue the conversation, I'd like to talk a little bit about monetary policy, particularly from Chinese perspective and the degree to which they may continue to kind of manage the currency. We're seeing some weakness in the offshore Yuan right now at six ninety one thirty five William has his Cosio. He's head of research at PR. See macro, our guest on daybreak Asia. Obviously, it's the first day back for China's markets on the mainland after a week long holiday last

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Pot stocks drop after report that Canadian marijuana investors may be barred from U.S.

Bloomberg Best

00:24 sec | 4 years ago

Pot stocks drop after report that Canadian marijuana investors may be barred from U.S.

"Branch to China in trade talks. The president tweeted the US isn't under pressure to reach a trade agreement with China. He also said Chinese markets are collapsing. As a result of his hardline stance on trade just today earlier, we were told senior US officials reached out to their Chinese counterparts to begin a new round of discussions. Crude oil lost more than two percent of New York trading as the demand killing trade war showed no signs of

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Asia shares can't shake trade stress, pound up on Brexit talk

Bloomberg Best

00:31 sec | 4 years ago

Asia shares can't shake trade stress, pound up on Brexit talk

"I'm Ann Cates. I'm Bryan Curtis. In Hong Kong. Let's get you. This hour's top business stories and the markets. Asian stocks are mixed this morning China-related shares are lower much of the rest of the region trading higher. The key risks are US China trade tensions emerging market concerns. And weakness in FANG stocks all those weighing on investor optimism, but on the other hand, the US and Canada will resume trade talks. And e you chief

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NAFTA talks make progress

Bloomberg Daybreak: Asia

00:21 sec | 4 years ago

NAFTA talks make progress

"Daybreak Asia. It is nine thirty AM here in Singapore. I'm Juliet Sally. And I'm Doug krizner at Bloomberg world headquarters in New York, so markets in the Asia Pacific are up and running. Interestingly it's the ASX two hundred and Sydney, that's the worst performer index is down about one percent right now lots going on the foreign exchange to we've got a stronger yen and a weaker dollar.

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