35 Burst results for "ASX"

Asian stocks follow Wall Street higher after tech rally

Bloomberg Daybreak: Asia

00:29 sec | Last month

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
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:40 min | 2 months ago

"asx" Discussed on Bloomberg Radio New York

"Right now, if you look at what's happening in terms of latest ICO news We have January producer prices for Japan down of 1.6%. That's year over year smack in line with estimates, Meantime, in South Korea, the adjusted jobless rate Up in the month of January to the highest level since 1999. So if you look at the equity price action in Tokyo, the Nikkei down 1/10 of 1%, Japan tobacco shares off 7%. The company is cutting jobs and closing factories. Looking at the price Action and Sydney We've got two big stocks moving to the downside. Commonwealth Bank of Australia first half profit declining 11%. They had some bad loans, the bank's net interest margin also shrinking. However, Ciba raised its dividend shares her down The 1.3% Crown resorts weaker by about 3.5% in Sydney trading. The casino operator found unfit for a license. In spite of these declines, the ASX 200 is pushing up by about a half of 1% in Seoul. The Cosby down 2/10 of 1% right now. We had a record setting session here in the safe states. Although it was a mixed finish some Dow weakness the S and P. 500 did drop from a record high as well. But the NASDAQ Comp and the Russell 2000 finished at all time highs in the Tokyo session. We've got a 10 year Treasury yielding 1.16%. Let's get an update on global news. Now Denise Pellegrini is in the Bloomberg newsroom. Denise. Thank you juggle the impeachment trial of former President Trump is underway. The Senate has voted. The proceedings are constitutional. But Democratic efforts to actually impeach Trump will likely fail without GOP support. Ah, World Health Organization official in Wuhan says it looks like coronavirus did not come from a Chinese lab. And the official says there's no need to investigate that theory. Further. Hong Kong officials have reportedly scheduled a meeting for this afternoon Sing, Tao says they'll be looking at whether to approve China's sign of AC vaccines for emergency use there. Governor. Cuomo says the U. S government plans to start increasing covert 19 vaccine allocations by 5% in the US in the coming weeks, and the Tokyo Olympic Committee has scheduled an emergency meeting. We'll be discussing the reaction to comments by the head of the committee. He's also a former prime minister there, and, he said women talk too much at board meetings. Global News 24 hours a day on Erin on Bloomberg quick take part by more than 2700, journalists and analysts. More than 120 countries. I'm dizzy. Spell a greeting. This is Bloomberg. Julia. Thanks, Denise. All right, let's get back to our guest. Rajiv D'Mello Development Committee chair of I'm as joining us from Singapore with the global market strategy and all the thoughts as well on Central bank Action China about to go into this very long Lunar New Year break. We think back to last year when this happened and the world was very different. When China came out of that break. We know the PBOC s signal signaling stability in Iran. But I guess does the PBOC have time to start normalizing policy or look at it now that we're seeing this rebound in the economy? Yes, a central bank all around the world always challenged to change policies on after a period of easing policy by the PBOC. It has signal to us that you know it is it is tightening. Oh, it is moving to bias. The Titan. I would note that speech on generally 18 by the PBOC Governor Yu Gang. And he said, I called from the macro perspective to stabilize the macro leverage ratio, so that's very important for them. And that's why we've seen some tightening at the margins. And we've seen short term rates go up a little bit at the end of January as well. On de so I think that it's no more going to be that same easy policy coming out of China. It is going to be one which is going to try to get down that mackerel. Average duration would use credit world Onboard is that will be a bit more challenging for the PBOC to communicate and clear. Wait. We're about to get to C P I and P p I for January as well. Some expectations. We could have seen CP I fall back towards deflation. What is your kind of raid on on what we're seeing in the economy. Well, yeah, in in China. I think we're seeing a very strong recovery that Q four was a very strong number. Maybe 2 to 1 will be a slightly less strong. But still, nevertheless, the V shape of revolution going on in China is is very clear and does have impacts worldwide so very optimistic on the recovery from from that side. Specially with easy policies perfectly into place Last year, I wanted to talk to what you're thinking. People are missing in this environment as we look to a recovery out of the pandemic, and you say that one of the things that concerns you the most is a shortage here of computer chips. Yes, indeed. That's something that we've heard a lot about from various spots off the after value train in in technology. There's been a tremendous surge in technology products coming off with women during the time of the pandemic. Onboard. It's being absolutely fantastic for for a lot of companies were involved in that supply chain. But more and more buyers as well as produces are commenting. On shortages on that may be a significant problem. That church is so important right now so many aspects of our lives. The way he thought two years that merely to higher prices or that authority being higher prices. May flowing into the technology with the meat slow down, you rolled out his products. I mean, some car manufacturers have announced problems and delivering because of the shortages. Just sign off on exuberance and one part of the economy, but it's very important part Yeah, absolutely. Let's also get your thoughts on the dollar moves we heard from Stanley Druckenmiller, saying that he's very, very short the U. S dollar here. He's also short Treasuries long commodities. The consensus view a stronger recovery could lead to a weakening dollar. So would you be a sort of in that same campus Stanley Druckenmiller? No. I can disagree with him on on that you I think that the dollar has indeed plunged a lot doing 2020 on Tao. It's probably time for some stabilization. And the reason for that is that Dollars. Sell a lot with us really, really of going negative, So no nominal yields rose very slightly, but inflation expectations went up, so the really of went down quite significantly. And that was weakening factor for a dollar in the past now going forward with this huge stimulus that we are about to get another one if it's somewhere between even one a half on 1.9 trillion That will lead to a rise in really off. Especially if the economy as I expected, recovering on unlocking and consumers spend some of their savings. And in bad faith. I would expect higher real years to support the dollar on me for that, back in the eighties as well, an example that the mid eighties We're gonna have to leave it there. But thank you so much Always great to chat. Rashid D'Mello Development Committee chair of Emma's on the line for us from Singapore here on Bloomberg. Daybreak Asia, counting down to the reopen of markets in Hong Kong and China. Before China's Lunar New Year holiday. The Hang Sang index looking like it's going to open higher by around 1%. This is Bloomberg. This is 15 minutes could save you 15% or more. Is that Shakespeare? No. It's geek. Oh, yeah. Yeah, yeah, that Shakespeare from one of his unpublished works, Oh, would be not for awakening..

China Bloomberg PBOC Denise Pellegrini Stanley Druckenmiller Hong Kong Trump Commonwealth Bank of Australia Sydney Singapore South Korea Japan tobacco Japan Tokyo Seoul Cosby Ciba Rajiv D'Mello Development Comm
Weve got the MacBooks with Apples new custom M1 chip

The 3:59

04:39 min | 5 months 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 Bloomberg Radio New York

Bloomberg Radio New York

05:40 min | 6 months ago

"asx" Discussed on Bloomberg Radio New York

"I am Tuesday morning and Hong Kong 10 30. I am here in Sydney. I'm cold, and I'm a prisoner at the Bloomberg Interactive broke a studio in New York The Australian market has been trading for the last half hour. A little bit of weakness now in the ASX 200. Down about 2/10 of 1%. We've got an R B, a rate decision today and the Australian budget. On top of that, At the top of the hour. Tokyo and Seoul will begin trading no trading in China. This week. The mainland is on holiday for the remainder of this week and into next, we'll talk more about markets in a moment right now, A few of this hour's top business stories, Paul Chicago Fed President Charles Evans said he would welcome 2.5% inflation in the U. S for a time and that is to average out the current period in which price precious are running below the central banks 2% target Hey, Vince told Bloomberg earlier that it's important for the Fed to overshoot that 2% target. I think if we don't get inflation in 2%, this cycle of something happens and inflation doesn't get to 2%. I mean, our credibility really rests on achieving our dual mandate objectives. And 2% is an important part of it. Especially when we've been under running it for so long. Even said he doesn't see the unemployment right, which fell to 7.9% last month, returning to 4% until 2023. He also said that without adequate fiscal support, recessionary dynamics will gain more traction. Can lead to a slow trajectory back to maximum employment. Meantime, there are no concrete signs of progress on fiscal stimulus here in the U. S. Even so, we should point out the two sides are talking. Earlier today, House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin engaged in another round of negotiations. President Trump, by the way, urged them to get a deal done Now from the Democratic side. The proposal is worth 2.2 trillion It's being countered, though, with a $1.6 trillion offer from the White House. Now, even if the two sides were to agree to any type of outline in the coming days, it would likely take Congress two weeks. To pass legislation ball. Well. Australia will lay out the spending program in the budget to order in order to counter the recession and generate jobs. Australia did andr it's fist precision and almost three decades after its covert 19 locked down. A budget deficit for 2022 2021 expected to be $158 billion. That's about 11.5% of Australia's GDP. The central banks working in tandem with the government, keeping borrowing costs low and ensuring the government can borrow as needed. Government's economic blueprint will focus on tax cuts and infrastructure spending and women's economic security statement is also expected to cut the gender pay gap. Get more women into the workforce. Yeah, and I'm seeing a little bit of strength right now in the Aussie against the dollar and 71 89 US sense and again in the equity space SX 200 is down about two chance of 1%. In the U. S. House panel, led by Democrats is investigating competition in the technology space and what we're hearing, at least according to one Republican member of this subcommittee. Is that there is now a potential proposal for a sweeping reform bill to block giants such as Amazon and Apple from owning both marketplaces and selling their own products. That's according to Ah, one member of this subcommittee of Republican member at that stateside, It looked like much of the positivity that we had in equity markets had to do with the prospect of an undisputed the election, given the fact that over the weekend polling numbers indicate that former vice president Biden is expanding his lead over President Trump And then on top of that, as we were talking earlier about the prospects of a deal on fiscal stimulus appearing ah, little more bright. If you look at the price action to Tao was up 1.7% Today s and P 500 up 1.8% NASDAQ composite better by about 2.3%. We had to move higher in long term interest rates. 10 YEAR Treasury Yielding 78 basis points at the end of New York trading. So that's where the action is going to begin in Tokyo. We have a weaker dollar right now. Also a weaker yen in 105 75. And Chicago Nikkei futures about 150 points above where we were in cash yesterday in Japan, Paul all right, President Donald Trump has returned to the White House. The Baxters Go. Global News. Yeah, Paul, this is the White House, according to The New York Times, has blocked the federal guidelines for vaccine release. Now, it means it could be available sooner, but may not meet CDC FDA safety Efficacy requirements. We'll see how that plays out. Now the president As you mentioned, Paul, travelled by Marine one back to the White House, didn't talk to reporters walked up the stairs outside, took off his mask, saluted Marine one as a departed walk back in the room with people in it. Which leads to the question of whether any guidelines have changed at the White House regarding safety. Bloomberg's Justin Sink still are, you know, mandatory mask requirement. There's still not a requirement that if you can work from home, you will rather their defame. If you are experiencing symptoms don't come in now, as doctors released him from the hospital of president, Dr Sean Conley said. They're in uncharted territory and that the therapy the president's received is way earlier than is usually administered. So he says, not out of the woods yet. So we're looking to this weekend if we can get through to Monday With him remaining the.

president White House President Donald Trump Paul Chicago Australia New York Bloomberg Tokyo Bloomberg Interactive ASX Hong Kong House Speaker Nancy Pelosi Sydney vice president U. S. House Congress Fed
Facebook threatens to block news in Australia

Download This Show

03:11 min | 7 months 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

06:08 min | 1 year 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

03:07 min | 1 year ago

"asx" Discussed on Bloomberg Radio New York

"Of how things are shaping up for the Asian trading day will have China every open today let's get to Bloomberg stock Christmas in New York Doug so Juliet here in the U. S. we've got more economies at the local level moving toward relaxing those lockdowns and globally we're also seeing a lot of that play out as well so the equity market here in the U. S. was up on the day but we finished off the best levels of the day and that may have been tied to comments from fed vice chair Richard Clarida saying at one point the American economies simply gonna need more government support we saw drug shares move higher that was after Regeneron pharmaceuticals and Pfizer both reported progress on treatments that they are developing to control the spread of sars code V. two Regeneron was up six percent Fizer better by about two point four percent today the Dow was up six tenths of one percent we had the S. and P. five hundred finishing off session highs again there of a nine tenths of one percent nasdaq comp up by one point one percent on the day we have a holiday in Japan no trading there obviously and as such no trading in U. S. treasuries the ten year was last quoted in New York at the yield of sixty six basis points the action is underway in Sydney ASX two hundred down a tenth of one percent meantime and sold the cost be shooting up by more than one point two percent right now we're seeing gains in crude oil we'll talk more about that momentarily and there is far as the dollar is concerned stronger against the majors with the Bloomberg dollar spot index pushing up about a tenth of one percent Brian all right let's take a look at Disney's earnings a little more closely here the pandemic cost at Disney as much as one point four billion dollars in lost profit last quarter earnings plunged by more than half to just sixty cents a share uber's Gita wrong enough and says it's mostly the result of the shuttered theme parks this is the company that's probably the worst impacted in the whole of the media ecosystem just given all of the impacts on on their businesses parks essentially shut down we can't release their their movies and sports also taking a huge hit well revenue did rise twenty one percent to eighteen billion dollars but that was driven by the acquisition of twenty first century fox's entertainment assets last year Disney plus streaming service has topped fifty four million subscribers so that was a positive he also said he would forgo its dividend payment in July and it would cut capital spending by nine hundred million dollars the company offered some hope for the theme park business in saying that it's resort in Shanghai will reopen on may eleventh Disney expects its cruise ships business though to be the last of its travel related businesses to re open the stock was under pressure after hours and even before the close it had traded down two percent well meanwhile the White House is discussing disbanding its coronavirus task force let's get to it backs to in San Francisco with the global needs it yeah the president says it has accomplished its goal Juliet and says it'll be administered now by some other entity because we can't keep our country.

China
Asian Shares Tumble On Virus Worries

Bloomberg Daybreak: Asia

01:21 min | 1 year 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 | 2 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 | 2 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
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:29 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"I'm Bryan Curtis here in the Bloomberg interactive brokers studio in Hong Kong with Rishaad Salamat, and we're looking at these markets this morning looks like some advances can be counted. On today. The ASX two hundred is up nearly two thirds of one percent. New Zealand advancing about half a percent, U S S and P five hundred minis are up about four tenths of one percents. Nikkei futures at twenty one thousand six forty five. How would put it about forty odd points above the cash close on Friday part of this is optimism over U S China trade now this is separate from that which we spoke about on Friday, which was Larry Kudlow and Steven Mnuchin talking about getting closer to a deal. This is another one people involved in the matter say that the. The US and China close to be close to deal that could lift the most or all US tariffs. We also have the dollar a little weaker this morning down a tenth of one percent part of that due to President Trump's comments that the dollar is too strong swipe at Jerome Powell referring to him as someone who likes raising interest rates and loves quantitative tightening. The yield on the ten year now two point seven five percent. Oil prices firm up two thirds of one percent. Fifty six seventeen boomer commodity index is down about a half of one percent, right. That's a check of the markets. Twelve minutes before the top of the hour. Let's get the latest in news to get to San Francisco. Ed Baxter's there in the nine hundred sixty newsroom. Ed. All right, Bryan. Thank you. Despite no agreement had no White House national security adviser, John Bolton says the president was willing to make a deal. John wasn't. He says a summit was a success. South Korea have agreed to end their biggest annual joint military drill. A bid to ease. Tensions with North Korea. Chair of the House Judiciary committee Jerrold Nadler says. Starting this week. He plans requesting information for more than sixty people in the dealings of Donald Trump UK Prime Minister Theresa may receiving boost. That's pro Brexit hardliners in her conservative party outline conditions for supporting our plan. Spacex crew dragon docks where the international space station opening the potential for further US, man and woman trips Donald Trump over the weekend, delivering a two hour, plus speech tirade attacking his opponents with conservative talking points and at times vulgar attacks, more skirmishes in Kashmir, keep tensions simmering on high between India and Pakistan in Venezuela. Guidos party says he's coming home to the capital for protests. He will be risking arrest. And US Republican Senator rand Paul says he will vote to block the Donald Trump national emergency declaration, which will likely provide support to pass the measure in the Senate already passed by the house. He says money is appropriated by congress in the United States of America. Global news twenty four hours a day on. Tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg. Bryan, sir. All right. Thanks very much. Ed, it's time now for the media review. Here are some stories that we're following in the leading newspapers in Asia and also on media websites. The Korea Economic Daily says that five candidates, including cacao ten cent and became partners Bain capital and a foreign private equity fund are among the shortlisted candidates for ninety eight point six four percent in NFC, which is the parent of Nixon and net marble has joined an initial bid with NBK partners from the Straits Times that insurance firm, a is running a check on all of it systems after.

Donald Trump Ed Baxter Bryan Curtis US John Bolton San Francisco president ASX Bloomberg interactive brokers Jerrold Nadler Senator rand Paul South Korea North Korea Nikkei Hong Kong Bloomberg Rishaad Salamat New Zealand Larry Kudlow Korea Economic Daily
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:50 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"Digital radio on boy. Oh, boy do have a lot to talk about this morning. We got apple earnings smart. We've got fresh earnings out of Europe this morning looking at Asian markets, though. It seems as if we're kind of in a holding pattern right ahead of the fed on trade talks between the US and China. Yeah. I'll just quickly give you a look at the markets before we get to all the breaking news in terms of equities. You're right. There's not much going on in Asian markets. The topics and the nikei or set to close down about half a percent. The hang sang is unchanged. CSI three hundred down quarter percent right now. So you have a little bit of a mixed picture with the kospi gaining and the ASX two hundred up as well about other indexes down still not a lot of size in those moves as far as other indicators are concerned today. The pound is fascinating. Because it's still at one thirty one just two weeks ago. We were looking at one twenty six so if if this vote last night really did put us closer to a no deal Brexit, the market's just don't believe it or don't care. Actually, very interesting stuff in that reaction or lack thereof. I just want to quickly mention we also see oil up at sixty one fifty Brent crude at least trading at sixty one fifty nine maks WTI oil trading up ten cents at fifty three forty one. Or we've got some breaking earning sat out on the Bloomberg terminal this morning out of European Novartis. For instance, its fourth-quarter EPS coming in one dollar and twenty five cents. The estimate was for one dollar and twenty six cents when it comes to the core operating profit at Novartis that has three point three nine billion dollars. The estimate was for three and a half billion dollars. So we're seeing a little bit of a miss when it comes to the bottom line over at Novartis also getting through figures from Siemens its first quarter industrial business prophet two point zero seven billion euros. The estimate was for two point one four billion euros. So another miss their sales. In the first quarter at twenty point one billion euros. The estimate was for twenty point five billion euros, Matt. Yeah. And by the way. Ari novartis? We're going to be speaking to the CEO of Novartis on Bloomberg television. Just after eight o'clock this morning, definitely an interview that you don't wanna miss considering all the earnings out this morning, but also the weight I mean Novartis is the second biggest company on the stock six hundred so absolutely huge waiting in terms of index movements. We're also getting Santan dare earnings right now fourth quarter net income from Banco Santander two point zero seven billion. That's actually a beat. We were looking for one point nine three billion. According to a Bloomberg survey of analysts, so bunko. Santan dare coming out with fourth quarter net income more than two billion euros and better than the streets estimate. And speaking of great unease interviews on the executive chairman of Banco Santander will be joining us for her first interview of the day. That's just after eight thirty AM London time on Bloomberg television. So don't miss that. One either. Let's dig deeper into our top stories this morning, and we're gonna kick it off actually here in London. And with that the Brexit vote or Brexit votes that we saw in parliament last night. Theresa May expected to begin talks with e you leaders in the coming days after MP's Bhakti proposal for her to renegotiate her Brexit deal and pays wants to replace the hours backstop with a different solution. They also approved an amendment rejecting and no deal Brexit. I agree that we should not leave without a deal. However, simply opposing no deal.

European Novartis Bloomberg Banco Santander Brexit Europe fed ASX apple London US Siemens Brent Theresa Santan Matt executive chairman China CEO one dollar
Hope of breakthrough in US-China talks

Bloomberg Best

00:41 sec | 2 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 | 2 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 | 2 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 | 2 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 | 2 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 | 2 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 | 2 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
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:16 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"Thirty in the morning here. In Hong Kong the final day of two thousand eighteen I'm Stephen Engle. And I'm Doug krizner at Bloomberg interactive brokers studio in New York, we've got markets closed today in Japan, China Taiwan, South Korea, we just opened in Hong Kong. Hang sang is up seven tenths of one percent. It'll be abbreviated trading in Australia ASX, two hundred higher by about six tenths of one percent as well. So fair amount of positivity will unpack more of what to expect when US trading begins in about twelve hours from now that'll happen in a moment. Right now. This hour's top business stories. Well, investors are still left wondering if trade issues between the United States and China can be resolved in the new year. President Donald Trump tweeting yesterday that big progress has been made on trade in a phone call. He had with Chinese president Xi Jinping. According to the XInhua news agency. She said both leaders hope to push for stable progress, and that bilateral ties are at a vital stage. But Bloomberg's cross as reporter Andrea Puglits says the positive trade news may not be enough for Asian stocks. Of course, China one of the worst performing markets. Down twenty five percent. And in fact, one of the west performing major stock markets, and you also have gobble stocks shaping up for the worst year since two thousand and eight. So even though we might get some some responded, we are going into two thousand nineteen very nervous investors. Very spooked investors. A US trade delegation is heading to Beijing next week. That's the week of January seventh President Trump isn't the only one criticizing the fed. I'm speaking of Mohammed Al Arian. He is the chief economic adviser for allience. He's also a Bloomberg opinion columnist. He says the fed needs to better communicate its policy decisions here. He is speaking earlier to Fox News. Things in particular, one show that it is more sensitive to markets and what's happening outside. The Swiss of spill Bax the president had called better feel for what's going on second. The fed has to realize that it cannot keep a really important policy tool on automatic pilot that it needs to be more sensitive to what's happening. And I think that the fed can we gain control, and we can stop these self inflicted war automatic pilot L area and was referring to the unwinding of the Fed's balance sheet. Incidentally, he dismissed suggestions that the US is facing recession. He also said the economy in the states is likely to grow between two and a half to three percent, absent any major policy mistake. That's the key. Speaking of policy mistakes, the fed has been widely blamed for fuelling, financial market instability. Michael Antonelli is managing director of institutional equity trading at Robert W Baird. The fed may have actually just. Made a policy air in December. And that's big you really don't read stuff like that all that often in the media and policy errors piling up or kind of what caused this massive December so off so I think what's going to happen. It's the fed can probably wait now to see the kind of the lagged effect of their rate hikes. The real question is what do they do with this? Balance sheet is happening. Stay cut on automatic pilot and traders now see more than a fifty percent chance. The fed cuts rates as soon as twenty twenty. Well, a judge here in the US has dismissed a lawsuit against Google it had alleged Google's facial recognition software when against an Illinois law of using a person's image without permission. Now, the judge cited a lack of concrete injuries to the plaintiffs. US technology giants have been under increasing pressure recently over the mishandling of user data along with their privacy policies where thirty four past the hour. Let's get you caught up on markets mentioned earlier there. A number of markets are closed in the run up to the holiday. No trading today. Day in Japan, China Taiwan or South Korea right now. In Hong Kong. We've got the hang sang up just about nine tenths of one percent interesting that the eco data for China that was released within the last hour was disappointing talking about the manufacturing PM for December. It came in at a reading of forty nine point four that's officially in contraction. Now, the estimate was for fifty which is the I guess even point the fulcrum line of demarcation right now in Sydney ASX two hundred better by about six tenths of one percent because of the holiday in Japan. No trading in US treasuries, the tenure last quoted in New York Friday, yield of two seventy one the yen strengthened quite a bit in the Friday session here in New York. We were up seven tenths of one percent against the dollar right now the end pulling in ever so slightly against the greenback. Where at one ten thirty seven and in the crude oil space WTI in the electron accession, forty five thirty eight you're caught up on markets, Stephen to you. All right. Well, US president Donald. Trump may be changing course on his border strategy. Ed Baxter has global news. He's in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. That's right. Stephen we he may be calling now for border security rather than a wall. It's gone from build the wall to wall or fence with slats now today border security. That's according to ally Senator Lindsey Graham who met with the president today. I know there's some Democrats out there.

fed United States President Donald Trump president China Hong Kong Bloomberg Stephen Engle Japan New York Taiwan Bloomberg interactive brokers South Korea Australia ASX Senator Lindsey Graham Fox News Doug krizner Xi Jinping
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:18 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"And also getting a red headline across the LA Bloomberg. Doug, tell us the latest. It comes on a variety of fronts. I we're going to be unpacking. This story in terms of U S China trade relations and allegations and indictments related to cyber espionage against two Chinese nationals. Now, China is urging the US to withdraw these indictments. We're going to have more coming up for you here on daybreak Asia term self some Eka data. We I will begin with Japan core. Consumer prices in the month of November rising a weaker than expected nine tenths of one percent. The yen, essentially. Flat here, although we had a big strengthening in the yen during the New York session or a lot of strengthening I should say one eleven twenty eight right now in the dollar yen. And the Nikkei is down seven tenths of one percent. South korea. In terms of exports for the first twenty days of the month of December rising one percent. The Korean one right now against the dollar is higher by three tenths of one percent. Although earlier this week the one had some tough sledding against the dollar right now. In Seoul, the kospi is down two tenths of one percent in Sydney, the ASX two hundred is weaker by one half of one percent. Bit of downdraft in US equities a lot of debate as to whether or not the fed is kind of setting itself up for a policy error. We had the Dow giving back to percent s&p and the NASDAQ each weaker by about one point six percent now trading was very heavy volume in all US listed stocks today. Hit two point one billion shares the highest level we've seen since about February right now in the Tokyo. Session. The yield on the US tenure is a two point seven nine percent. Bryan, douglas. Thank you very much this story that Juliet alluded to the house has voted to give President Trump funding for his proposed border wall. And this is in the spending Bill SO this was passed by the house. But the Senate is certain to reject it and that will come just hours before a midnight Friday deadline. So means that a shutdown is still looming quite prominently. All right. Let's get to some of our other stories if you're losing money in the markets don't expect too much sympathy from the fed that was the message from fed chair Jerome Powell yesterday. And also former New York fed president William Dudley doesn't seem to sympathetic either. People.

US fed New York President LA Bloomberg Doug Asia U S China South korea China Japan William Dudley Seoul ASX Bryan Senate Jerome Powell Tokyo
China: October money and credit data both surprise on the downside

24 Hour News

00:53 sec | 2 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

Doug Krizner Tokyo Jeff Sutherland New York Bloomberg ASX Bloomberg Interactive Brokers Ed Baxter Hong Kong Saudi Arabia Shanghai Composite Japan Seoul President Trump Juliette Sydney One Percent
"asx" Discussed on MarketFoolery

MarketFoolery

01:45 min | 2 years ago

"asx" Discussed on MarketFoolery

"And strawberries, obviously, a very small very small country and with a small population, and the vast majority of businesses very focused on the domestic market. There's only a few that will do international markets. Really? Well, but yes, I just out of curiosity. I ran a bit of a screen to see the numbers and those just over two thousand stocks on the ASX, and then I put in what seems like a pretty generous thing of show meal the companies that have revenue above zero. And then it's a good start and then revenue above zero the number just half. There is a a lot of. So there are a lot of companies, for example, that nothing more than holes in the ground in the Western Australian desert in the hope that one day, they dig something or someone by something to dig something and get you know, some type of mineral that's worth something out of there. And they have no real business other than just owning a stake in the ground and resource that hasn't been dug up yet. Yes. So there's a very it's a very simple tool and a very good way to cut down on the amount of time. If you're interested in look in the market does. Yeah. Although there's two thousand you can easily get rid of Hof you could probably get rid of more than that. We're going to get the individual stocks in a minute. But want to quick thanks molecule, which is the world's first molecular air purifier that reduces symptoms for allergy and asthma sufferers molecule has introduced breakthrough science that has finally capable of destroying air pollutants at a molecular level, it makes a real difference for asthma an..

asthma ASX one day
"asx" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:44 min | 2 years ago

"asx" Discussed on WAFS Biz 1190

"They shouldn't a correction is not done yet. The US equities heading for the worst quarter since two thousand and eight worst fourth-quarter, how do you how do you trade stocks tech? Maybe specifically. I think I think there's I think there's some some credibility to you in the sense that the market starting to look into the run on run on the fact of the corporate tax cuts have lasting effects into twenty nine hundred especially in the face of these burgeoning deficits at the US are running. I mean, this is going to be a real issue. And also, we can't forget about the fact that US interest rates are going up that adds another level of intrigue completely always sours my sentiment towards equity markets. As a matter of fact, I was quite surprised how equity markets are maintaining their stability in the US markets right now, despite the fact that we do look like we're going to be moving quite convincingly higher on US bond yields over the next to the wall. They during the week equity markets plunged again across the world as trade tensions geopolitics and rising rates. Schick investor confidence student Sally talk just through the market moves. And then we got the thoughts of Coon high hanging from United Overseas. We are actually seeing Asian stocks that April twenty seventeen lows extending into that bear market territory down twenty two percent from their peak. I'm also looking at this shot on GT library, which shows the Asia index x Japan, and it is now trading below its two hundred week moving average for the first time in twenty one manga that reflected by the red line now. Greg McKenna strategist in Sydney says that this selloff in Asia. Could actually get worse before it gets better. We know how many sentiments so negative sentiments Eric play here across Asia. Let's have a look at some of the markets in detail the ASX two hundred now has these bright red and black box on the jam 'em. Which shows that it's moving from about three to five basis points from its usual standard deviations as school. So that is a very big move for the ustralia market, which is trading at a one year loan. The Nikkei, of course, has been in focus down over three percent. But it's really that topics that we are watching more closely because the topics is heading. It's lowest close since September twenty seventeen we've seen South Korea's kospi index into bear market territory today and widespread selling the only upside today is slightly weaker US still up which is giving some of these Asian currencies a good bouts, but you obeys. Stephen long has told us that the biggest concern in his view for markets in the Asia. Pac region is the strength of the dollar, which the US don't I should say we will continue to see some capital outflows and just having a very quick look at silver bonds. We are seeing some move coming in bed. The mlive tame telling us J bays have woken up and finally remembered that they are a safe haven menace. Yes. Well, that's until Mr. corroded decided that they've gone too far Saudi that in Hong Kong. Let's get to our guest host. It is couldn't hang a head of market strategy and global economics and markets research at United Overseas Bank joins us from Singapore studio to right so far in the United States this year. Some people would say this is the beginning of something bigger. What do you make of the current market, right? Good morning Magnus. In your opening you asked whether this which has brew, and what will make you know defect to stop deposits hike and our messages, that's just one key driver miss or this sell off it just acknowledgment by investors by corporates debt cost to business is rising seniors narrative this week amongst all of the major corporate earnings messages from the US citizen last night's speech book that conference are getting a little bit more worry and pay more attention to the rice in shipping cost rice getting possibly wages and rising of cost. Production costs across the whole supply chain and that's driving in markets lower at the same time. There's a rising interest rates just a Tremont lightbulbs has stubbornly up here just under two fifty. So so cost of businesses this year and next year is going higher, and of course with debt. Markets have to adjust by days equities or debt markets into EM space in the United States. Does this? Let's let's talk about what adjustments. We might expect in the market. Let's talk about what movements we might expect in the market. I mentioned the witches brew. The started this show. I want to get a sense of just what it takes to move the fed. This is Himes view taken. Listen, I think if we had a decline of thirty percent. Could change what they would do. I think they would probably consider taking a pause and their rate hikes. But I think this is sort of to them a garden variety corruption. I love the laissez faire approach a garden variety guard market varieties switched on question of the day. Listen to this. What does it take to get the fed high much of an equity market? Dine sweep does it take to cause the fed to pause? What do you reckon? I don't think we're even near the stace. I, unfortunately, I think we're not gonna get much from this time round because if their objective underlying indicators of the US are still good, and and you get a sense of that with the Bangor Canada last night. The message from Canada after the height by five day may go even faster and every single commentary from the governor is the day watching inflation there watching the stronger growth trajectory in Canada..

US Asia ASX Canada South Korea United Overseas Schick Nikkei Greg McKenna Coon Japan Hong Kong Mr. corroded Eric Sally Stephen long United Overseas Bank
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:45 min | 2 years ago

"asx" Discussed on Bloomberg Radio New York

"Our tools to allow the central Bank to supply financial institutions with money to lend on into the market. So we'll keep an eye on that for you looking at some deal flow. We had our Connex board of directors said to be mulling an eleven billion dollar acquisition offer this from Reuters. The offer was only just a hair premium over the last closing price. But still are conic did trade up five percent in after hours trading, the dollar. Well, it's at its highest level of the year. Now for the Bloomberg dollar spot index eleven ninety six and change. The dollar yen is at one twelve seventy five year old at a book, fourteen weakness in the Nikkei down more than one percent. The ASX two hundred in Australia down four tenths of a percent. The kospi is trading down seven tenths of a percent will give back from a couple of days of rock and roll Juliette back to you. Well, of course, mentioning it was a big move higher for stocks in China yesterday after a coordinated government effort to prop up assets intensified. But the big question, of course, is can it loss because China's economy is slowing and there's the trade tension as well, Jason Lowe, senior economist investment strategist, DBS private Bank, says get ready for more volatility in China's markets the sentiment coming out from this support could support the markets in the short term, but beyond that, I think has law concrete actions, for example, economics them this coming through. So as Juliet mentioned a coordinated effort, thereby Chinese policymakers president Xi out over the weekend, offering help the private sector. We're getting some word here on China's plans to help those private companies. Bloomberg's Yvonne man tracking the developments for us. China state council now says it will support bond financing by private firms central Bank will provide the funding for it. Separately. The central Bank has also announced a twenty two billion dollar increase in its relending and rediscounting quota. This allows a PBOC to supply financial institutions with money to lend. The central Bank. Also, repeating president Xi Jinping's promised to offer unwavering support for the private sector. The PBS's says it will focus on companies suffering temporary difficulties, but which have market share prospects and technological competitiveness. In Hong Kong. I'm Yvonne man, Bloomberg daybreak Asia. Well, thought has been complaining about President Trump's tariffs the automakers saying steel is now more expensive in the US than in any other market in the world. Bloomberg's Keith Norton in Detroit says this comes at a bad time for forward better. Having a rough patch to begin with their models are aging they've seen prophets dropping by more than half. Or they have an eleven billion dollar restructuring going on. So the last thing they need are sorta these external things to create even more of a headwind, CEO, Jim Hackett has said metals tariffs have already cost four billion dollars. In prophets domestic hot rolled. Coil has surged twenty eight percent this year. Well, it's a big week for tech earnings in the United States with Amazon Google's parent alphabet and Intel among others coming out with their profit reports and China Mobile is out the big telecoms company in China more on that from Bloomberg's Rishaad Salamat profit rose. Three point one percent in the first nine months of the year. That's thanks in part to gains coming from the sale of shares in Chinatown during its initial stock offering operating revenue slipping slightly, but the company I didn't nearly forty six million four G subscribers still some investors attending their attention to five G that required. China mobile. Another Gary is to spend tens of billions of dollars. In Hong Kong. I'm Rishaad Salamat, Bloomberg daybreak Asia. We'll President Donald Trump says the US will cut off foreign aid to several Central American countries at Baxter is covering all the globe. One. Using.

Bloomberg China president China Mobile United States Hong Kong Yvonne man Donald Trump China state council Asia Rishaad Salamat Reuters DBS private Bank ASX Xi Jinping PBOC Juliette Jason Lowe Jim Hackett
Reserve Bank of India holds interest rates, rupee falls

Bloomberg Daybreak: Asia

09:15 min | 2 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

President Trump China William Vice President Doug Krizner United States Head Of Research ABC Captain Bolsonaro Brazil Bloomberg John Deere Official Asia FBI Justice Brett Cavenaugh Twitter Bloomberg Interactive Brokers
Pot stocks drop after report that Canadian marijuana investors may be barred from U.S.

Bloomberg Best

00:24 sec | 2 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

United States Bloomberg New York Marijuana China President Trump Saudi Arabia Twitter Politico European Central Bank Seoul Nikkei Shanghai Composite ASX IRA Sydney Canada One Percent Two Percent
Asia shares can't shake trade stress, pound up on Brexit talk

Bloomberg Best

00:31 sec | 2 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

Bryan Curtis Hong Kong United States Michel Barnier Shanghai Composite China Japan Ann Cates ASX Twitter Rene Sauce Brexit California UK Tokyo Canada New Zealand Yahoo One Percent
NAFTA talks make progress

Bloomberg Daybreak: Asia

00:21 sec | 2 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.

Bloomberg United States President Donald Trump President Trump Asia China Washington FED Bloomberg World Senator Mark Warner Doug Krizner Dan Schwartzman Juliette Singapore Senate Nathan Hager Juliet Sally Southeast Asia New York Asia Pacific
"asx" Discussed on Chat With Traders

Chat With Traders

04:31 min | 2 years ago

"asx" Discussed on Chat With Traders

"So you just have to try them to get you. Like pain Ella if not much is happening and those stocks where you know you say on some best as you try and less those stocks that you are trading on the dice who tried and less atypically sort of in and out of those sort of trying to sometimes. But I think it's Morris, they'll be a huge catalyst in a huge like obvious catalyst in these particular stalk. So you can just afford to dedicate your entire like time to watching those like there's no point going out unlike wasting time watching something else. Now I know you you get a few questions from people follow you on Twitter, that type of thing. Are there any questions which pop-up Tom and Tom again, which you get asked frequently this? It's what's his sister. That one comes up. It. None that like spring to mind, really. I I get a lot of, you know, the, what rating are there any like books, or do you have a blog or something like that? And I usually will always point people to raid Bellas books, try it in the playbook. They're awesome and pretty much how I modeled myself in terms of like developing a list of stocks in play. And I guess to really now down the process of of what I do each morning kind of thing, and I just make very structured. Do you think there are any questions which of missed or should have asked you about like there? Any topics which you talked to speak about which you haven't done yet? Nothing that comes to mind. What about what about polka? I think we moved speaking like the other way. He said that you think tradings a lot like Parker in many respects up, what do you think the the similarities? Probably psych. Psychology. Like I personally think that trading is probably ninety five percent psychology and maybe five percents skill. And also there's just like other comparisons. Like I wrote a little like not about it in like on Twitter and posted it about my called tried and like, you know, thinking through the tried a little bit more in the same way that the best polka plays will think through the hand, you know that they're not just like that kiss cable caused I have, but they're also thinking, what does what causes that guy have? What does he have? Like what's his, you know range like, what? What could he be doing here? And then he's thinking the same stuff like all, what is he thinking that I'm thinking and like, and the point is like they just go into a lot of data and think about all these different scenarios. And I think that's something I need to do better up kind of thinking through the tried to little bit more like being big picture. Like in that called tried understanding, it's an a liquid stalk. You know, they're gonna have to sell. This thing for days was bad news like it's coming effectively company breaking news. So, yeah, just thinking bigger picture instead of like being the kid in the candy shop like taking the trade off just because I come up seven grand or whatever. So what are some of the things you're trying to get better at? Like, do you have like, do you have specific goals or anything like that? Yeah, I want to like really like nail a plus trade and yeah, just basically hold for for Longo like I made some strides in that department offer. I wrote that little thing on call by had like a decent tried in a day when they had a profit downgrade and like I held for thirty five minutes instead of twenty minutes. So as I put myself in the back, but again, like outweigh too quick. I think shorted at eight dollars study and covered on average around like seven ninety in the thing went to like seven dollars, five cents, just held to like another Al. Yeah, just like Lee left a ton of profit on the table there. It was that pod, isn't it? Exactly. Yeah. So I think I'd want to set myself like gold to if I've identified. Okay, this is an A-plus tried. I want to make like my goal to hold third in our and then reassess. So like kinds of Bahama back Donnelly raising, I'm covering this position is if it goes against me like early and then just reassessed off at eleven..

Twitter Longo Tom Lee Bellas Ella Morris Parker ninety five percent thirty five minutes twenty minutes eight dollars seven dollars
"asx" Discussed on Chat With Traders

Chat With Traders

04:40 min | 2 years ago

"asx" Discussed on Chat With Traders

"I'm just trying. Take anymore trades today like this just gonna get worse. I'm just going to be paying more brokerage. So I'll identify when enough is enough, but I went like there's no like a loss limit. That is say, yeah. Yeah. So you don't have a fixed amount, it's more just how you feeling? Exactly. Yep. Yeah. Okay. You know, based on your experience as a try to what are some of the things which she think maybe more Amit should try is could work on or could do to help themselves improve, like what's been really Kafer you? Obviously having a mentor was was a big help yet. But besides that, some things which you try it is can do on their own will we'll comes to mind. It's a tough question. What about like the try to report vaping beneficial for you? I've kind of stopped doing them like pot out of laziness and Pau out of like. Not sure like how much value I'm getting out of them. But yeah, I mean, that's always a good thing. I think. Yeah. Like having a mentor is key. Like if you're starting out today from scratch, like how would you try and get the position your nail quickly as postal, guess outside, like just focus on trying to do one thing and do it well lot. That's how I became good. Right? Like I'll just do this one trade that I knew worked and I had confidence doing it and I'll increase my size. And then that just buys you the time to stop finding like other stuff like overtime, it just it's just again pattern recognition, the Moya sitting in front of the screens, the more you're absorbing, like inflammation and like living and breathing, you'll just take cough days other the patents and and you'll just naturally adopt to two other stuff. I think like for a lot of people. As well. I'm not sure that tradings necessarily that passion they like they like the idea of I'm a day trader all tried for an hour, and then I'll go to the beach and have lots of money and stuff, but it's not like I think if you wanna be good, you've got to trade it like any other non to five job like it's seriously not here to play around. Yeah, the Sunni group of people who sort of see it as a pasta freedom right yet. Prison. Yeah, I like you said you're in front of the screens from what? What time do you normally get in front of the screens? Like seven, IM, seven AM God out then and then the market doesn't open. Three opens no one fifty, right? Yeah, at ten o'clock yet. So yeah, I'm like just constantly. They like new Nate lunch. They know, yes. Some of the trade is at the firm don't other. I don't know how they do it. I'll get so hungry always in desk, but on night. Calvi skipping lunch. I gave it twain man, and he's. What's golden gecko side. He's got that quite doesn't. He. Wimps. I can't remember things. Let you know what you're doing tonight, which will straight. What do you think most traders mice try don't succeed. I guess you probably outlined some of the pop part of the reason why I think big raisin physics s.'s like you just have to be passionate about it, right? Like Yeah. when I go and hang out with like Brosseau Allston or whatever, like have a be like we're just constantly talking about trading. We're not talking about like the weather or anything like that where just like we live at Bray, the stuff so. And I just don't think like for a lot of people like is probably not that stimulating like interesting for them. They're just doing it because like you said, they looking for positive freedom, but I don't think that's the right approach to take like you genuinely have to be like passionate and interested in like in what's going on. That's it. Like you can make a fortune doing pretty much anything. Yup. You know, you just gotta be at the top of whatever that industry or that game, or what have you in like, you know, the people at the top of anything, making lot of money to think that you should only be tried it because you're gonna make a load of money, I think is is kind of flawed yet. If you look at all the like successful business owners around the world, like you Bill Gates and. Even a little mosque and stuff like these guys are just leaving in breathing like what they're doing like that..

Bill Gates cough Brosseau Allston Amit Pau Moya Calvi Bray twain
"asx" Discussed on Chat With Traders

Chat With Traders

03:51 min | 2 years ago

"asx" Discussed on Chat With Traders

"I think I've always been relatively comfortable with putting on risk whether it be playing poker all sports betting or something like that. So it wasn't particularly fearful of losing money. So that helped a lot. And I think that's a lot of people don't necessarily have that ability to become visible with having risk on. Yeah. Do you think there's a way that people can become more comfortable with the idea of losing money like because it's to lose money. To to figure it out brought. Yeah. I mean, that interview I did with Rambo racing, that was one of the big things that that he really saw sort of tried to drive home was, you know, from the money. Yeah, but it's like as enough to win the hardest part about China's learning to lose. But you know, listening back over that interview in some of the things he said it, it really kind of was like, you know, that's, that's the sense. Yeah. Yeah. So how long have you been trading for now? Just under three years. So three years, the beginning of August will be threes for me and you've had no breaks during that time, you've just sort of being at the market every day now, I wouldn't say that. So in two thousand sixteen when I was on exchange my attention to the market, I guess it was a little bit about she because I was kind of living the college experiences while a home and just trading when I could. So I guess once I got over there, I didn't really have any friends obviously. So I was like purely focused on trading. But then as I like formed a friendship group and then they invite you out like all, let's do this or, you know, go on a holiday or something like that. Then my tension to the democracy kind of slipped a bit. I'm the format suffered as a result. So I look at my equity cub on of it kicks at the beginning. And then when I go as it sort of still going up, but at a less steak slop rapid. Right? But then once I go back to a strike in January last year, yeah, then I was like I traded like a job. Yeah. So what is your your star of trading? Let's just sort of dive a bit of an overview, I guess, how would you describe you'll you'll start trading? I'd say I'm like scalpel and just trading basically off catalysts. So whether being used or macro moves like that kind of stuff of a bias towards Bank short, I just feel like a little bit more comfortable for some reason. I think one of the reasons I like it is because usually stock selloff quicker than night, then they go up. So as a scalper it makes it, I guess, Asia because you can make money quicker, I guess. And you don't have to have like a lengthy exposure to the market. You can be done in like five or ten minutes, but that's obviously something that I'm trying to evolve from because I'm missing out on like, why be tried? Just because I'm too scalp e. Yeah, you're leaving on the title. Exactly. Yes. So when you say scall- mostly a scalpel. At this point. What would you say your average kinda hold time. Probably ten to twenty minutes. Yeah, like sometimes I could be out in a minute or two and then yeah, sometimes I mean for a bit long ago, but yeah, I, I wanna get to that point like especially in the morning where I, I'm holding suffer a least in Allah if it's working in my favor. Okay. That's one of the things found in the mornings is that it's very easy to give some of your profits back yet. Were you profits because the market will move so quickly Amman direction and then snapped right back. All of a sudden you've gone from having a a reasonably good prophet to nail back to break even or slightly negative traits..

China Amman Asia three years twenty minutes ten minutes
"asx" Discussed on Chat With Traders

Chat With Traders

04:02 min | 2 years ago

"asx" Discussed on Chat With Traders

"Match trades. So as a catalyst, like news for example, and you say a bunch of buys coming in and you can lean on like a similar quantity in the bid. So it might be like, say, fifty thousand shares, so plus bid once it matches. Then I'll look to jump in front side, put my older higher than the indicative match price, and then it would match. So I'd get my fill out the mattress, and that's still be a bid there. So then that allows me it's basically getting a free look at the next couple of seconds of action. So then you say like, oh, is coming into high price? I say it's say mashes. It toodle fifty for example, and I bought and it. So plus bid. You know, that's on my jump up to like two fifty five for a bid, and then I just sell into them or something along those lines. But then if I saw like Sella's coming in the book and volume being down on the bid, then I'll just hit out straightaway kind of thing. Okay. So use very, very scalp to begin with scalp. Yup, I cut. And would you try the rest of the session where we wouldn't always try the rest of the session out? I always watch, like I say to people, like I feel like the markets IKEA story, if you're not watching obeying oven, like observant the whole time, it's like you missing couple chop of the books. If you tried ING, just the open and then you come back the next day like so much stuff has happened between when you left a now. He just kind of loses valuable information. Like yesterday, there might have been a a constant buyer at this level of those a constant seller. And if you don't know that, like, you know, you find yourself in in trouble because you don't have the full story. Yeah. Yeah. Okay. And doing those sort of try. So I imagine you don't be out. It's like a couple of trades at die lock. If you will, sort of if you'll try is trading the open, you'd probably only be able to get like just like. I probably three months, I think I was probably only doing like three or four tried today, maybe five, but then you know, I I basically just focused purely on like this one type of setup. I think that's important for like you try to out there to just hone in on one thing that you can do do it well, and then that buys you time to figure out, you know, other setup so you can do. I just did that gave me time. I made money doing it. Then it's like, okay, the edge is going away this. So you start looking at other stuff and for me that ended up being actual selling it. Is that what you fin at the age to fight away? Yeah, it was. It wasn't as good luck after a little while. So I now almost like done even do those trades. When when you said surplus bid? Yeah. What do you mean by that? Do you just mean that the the bids in the book a thicker than the office or when when the market matches. It's like a, I don't know, like the full. Way it works per se, but it's basically just balancing the supply at a particular process, and then they'll always be like a surplus beet or it'd be so Pless offered wet matches. So they'll be still some volume left that has been done. So it's basically just getting on the advantages side of that by queue jumping effectively. So do you recall any kind of breakthrough moments during your, let's just say I twelve months of trading, not really. I think it was more just that feeling of like I drew down the account a little bit. I think like from ten grand. I ended up down at like eighty seven hundred bucks or something like that. And then once I quote it back to two eight, I'm kind of like, oh, I can probably do this. And there's a bit of a confidence boost of confidence boost, like, yeah, I haven't just this away and filed at in that kind of just gave me the confidence, but I was pretty fearless to begin with..

Sella IKEA Pless twelve months three months
"asx" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 3 years ago

"asx" Discussed on Bloomberg Radio New York

"The asian trading day here's my colleague doug krizner well we're seeing a bit a weakness in the equity market in japan stephen the nikkei in the opening moments down four tenths of one percent now to put this into perspective equities here stateside were down on reports president trump is looking to impose tariffs of up to sixty billion dollars on chinese imports now this was that double the number that we were talking about yesterday not surprisingly many of the material names were down they were the big losers in the snp dot index fell six tenths of one percent we had the dow down one percent nasdaq composite was only off one tenth of one percent one of the many conversations i was hearing or overhearing on the street here in the states focused on the president trump getting really the deal on nafta done and then moving along to going after china on the issue of theft of intellectual property in the last session here on the states or during which we had commerce secretary wilbur ross telling lawmakers in washington he's optimistic that they can get a deal done on nafta now in terms of us economic news the retail sales number disappointing we were down for a third straight month long term interest rates came in a bit as a result us tenure last quoted a two eighty one that's where we are right now in the tokyo session at the same time the atlanta gdp now index dropped in the most recent period from two point four eight percent all the way down to one point eight five kamal sri kumar our guest first hour of daybreak asia was pointing this pointing out this fact it'd be a rather negative indicator and then when you look at new zealand the gdp number for q four was a little below forecast expansion of six tenths of one percent but the market was looking at a gain of eight tenths of one percent ends at x fifty right now is down about one tenth of one percent kospi off one tenth of one percent and in sydney asx two hundred down two tenths of one percent bryan all right doug thanks very much canadian prime minister justin trudeau earlier on our air live with bloomberg's michael mckee and he was sounding positive lot clinching a better north american free trade agreement nafta.

justin trudeau prime minister sydney tokyo president japan michael mckee bloomberg doug krizner asia atlanta us washington
"asx" Discussed on KPNW 1120AM Newsradio

KPNW 1120AM Newsradio

01:59 min | 3 years ago

"asx" Discussed on KPNW 1120AM Newsradio

"You're listening to the show i am your house for some evil politically correct stuff you're that's like i known and holy water to vampires and loveless control freaks everywhere news warscom and enforcecom are at the website by the way if you're a radio listener you haven't been fortunate enough or unfortunate enough to actually see where shelling but everywhere they're pushing sex bots in they're a giant new industry basically just fancy blow up dolls that have like a alexa bought program hooked into the central network of the people that produced each and the tech companies just basically a big rubber blow up doll sex bought that's in your house that has like a flashlight i guess is what they call him as asx member when they push it is trendy and brave and cool there now even creating on the lgbtq p3 c l four there were shown designations i show elementary kids in canada the us and the uk let's put that back on green you guys found suppose during the break 'cause they're ever expanding their now saying checked with machines or sex with cars poor sexual appliances there's a whole big movement where people are marrying their cars marrying her toasters marrying or dogs their cats their horses i'm not kidding and they're catching people in public places you see all the time i tried to have sex with a ferrari are trying to have sexual the fifty chevy uh than they actually i'm going to go into the details of what they do uh but they low about the tailpipe and everything and then they please come up there is a guy hunting your car show this is the total mental illness a breakdown of society maybe not less money i'm section your car your homophobia bigot bureau you're a horrible person about this is not satire on i'm not kidding okay this is what they're teaching kids now.

alexa us uk ferrari asx canada