35 Burst results for "Brian Curtis"

"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:28 min | 5 d ago

"brian curtis" Discussed on Bloomberg Radio New York

"One thing we're keeping a close watch on these events unfolding in Hong Kong. With all the challenges there are in how the area's chief executive is dealing with things for more or going to Hong Kong right now. Bloomberg Daybreak anchor Brian Curtis and his comic Doug Prisoner, John Hong Kong's leader, Carrie Lam, will deliver her annual policy address in the coming week. The address was originally scheduled for October 14th, but it was postponed and at that time, Lam said she'd go to Beijing to seek support for various proposals. Now that in itself was controversial as it's not normal practice in Hong Kong. And their significant controversy attached to this speech itself. With so many issues that need to be finessed here. Ongoing relationship with China, the Koven pandemic the weakened economy. Shortage of housing, which has been a problem for a long time and the disaffection of Hong Kong. You and Brian even in the broader sense, the general estrangement between the government and the people. We thought we'd take a closer look at these issues with Bloomberg Cross Asset Reporter Eric Lamb, who joins us from Hong Kong. Eric. Thanks so much for being with us. I'm going to start with the issue of cross border travel. I'm would imagine that for Carrie Lam the resumption of this type of travel between Hong Kong and the mainland is going to be a very, very important issue. Yeah, absolutely. It's been something that Carrie Lam and other governments. Officials, like the Financial Secretary Paul Chan, had really been trumpeting in their discourse with the public over the last couple of months is really the importance of the Chinese economy, especially the fact that it has been recovering the last little while and that also helps to pick up a little bit. We've seen a bit of a pick up in Hong Kong economic data as well. So the really emphasizing those closer ties and that's one of the things that she was definitely discussing with Beijing when she made her trip up Theo up to the mainland. What will it actually take Eric to improve relations with young people in Hong Kong? Because you know that getting them jobs? That's one thing is that more important or would it be saved? More tangible steps toward democracy here. That's a very interesting question, which, obviously, the zone haven't easy answer on the subject of jobs on. Interestingly, local media reporting that one of the initiatives that are that may be announced in the policy address next week is actually a youth employment program where Will be sending you the to the mainland to work jobs, short term in in the in the Greater Bay Area, and the Hong Kong government will subsidize those salaries, which again is kind of creating jobs encouraging. That cross border interconnected travel that they've been really pushing with the greater Bay Area project over the last 10 years. So in that sense that looks like something tangible that they you know if this actually does get announced, is a tangible move in that direction. But, as you say, there is also some really fundamental. Disaffection, especially among the youth in Hong Kong, especially after the events of the past year where many of these protests were led by younger people in Hong Kong or really hoping for democracy really disappointed. And the local government and the government in China as well and really did not end up getting really anything that they they were hoping for, with the really the end of the protests this year and the introduction of the National security law, so it's a difficult situation, not an easy answer. But it does look like the Chinese government in the Hong Kong government are trying to at least target that issue with these potential programs that they might be announcing next week. Yes, so there's the issue of youth employment. There's also the issue of affordable housing. Do we expect Carrie Lam to address this issue, even with the pandemic, Even with the protests, property prices have not really fallen off that much in Hong Kong. There's still quite expensive, so ongoing issue. I don't think it's really not going to the last will have heard of it in his policy address, But I think it's more than likely we'll get something you know. In the old days, Milton Friedman revert to Hong Kong is Having a lazy fare capitalist approach to running the economy, and that was very much the case really quite conservative in terms of spending, and I'm just wondering whether there might be some major spending initiatives or If the government feels kind of conservative, and his nervous about its own revenue, is taking a hit from covert and and doesn't do the big spending. What sort of sounds are you hearing on that? So in terms of spending, we might see some announcements here and there. I don't think we're gonna see any spending that been approached the rounds that we saw earlier this year, especially the fact that the most recent economic data Actually showed some slight improvements in the third quarter growth for Hong Kong, which certainly helps their arguments for maybe being a little more more strained and going back to you, as you say that more conservative line of spending Eric Thank you so much for joining us. Eric Clammed Bloomberg Cross Assets reporter. Brian Curtis in Hong Kong, along with Doug Prisoner in New York. You can catch us every week day for Bloomberg. Daybreak Asia beginning at 7 A.m. in Hong Kong and six PM on Wall ST John. Right. Thanks, Dog in Brian and just ahead on Bloomberg. Daybreak weekend, Let's head to Washington for the legal troubles that could potentially be waiting for President Trump. John.

Hong Kong John Hong Kong Carrie Lam Bloomberg Brian Curtis Beijing Eric China Doug Prisoner Eric Lamb Chinese government Bloomberg Cross Assets Bay Area chief executive reporter Asia Paul Chan Milton Friedman Eric Clammed
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:11 min | Last month

"brian curtis" Discussed on Bloomberg Radio New York

"I'm Brian Curtis live in the Bloomberg Interactive Brokers studio in Hong Kong. And my colleague Doug Prisoner is with us in New York. So let's take a look at the markets here at the moment. Not all that much action in Asia. Get to that in just a few short minutes. US Treasury yields rose that was one of the featured movers today. Up to about 85 basis points on the 10 year, and bank shares rallied. As a result we had stocks like JP Morgan Up 3.5%. We had city gaining 2.2%. And the X L F F had a rally of about 2%. So that was one big part of the action on Wall Street. We didn't see a big jump in overall equities. The S and P 500 was up just about a half of 1%. Now, let's take close well, and the reason for that was Nancy Pelosi and Steve Mnuchin. With their discussions, Pelosi saying, We're just about there. And so with this steep inning of the yield curve that we saw with With long term bond yields moving to the upside we've got actually, the spread between fives in thirties 130 basis points Now. This is the highest since the 2016 election. And seems to suggest that investors believe that you're going to get stimulus. You're going to get strong growth in the U. S economy was a little bit higher growth. You get a little bit higher inflation. Now in terms of action here in the Asia Pacific, the Nikkei is up 1/10 of 1% ASX 200 is straying down about a quarter of 1%. It cost. BP is flat, and I wanted to mention about this Lou fact story. It's a big Chinese Fintech company. It's backed by pin on our Ping on insurance is now looking to raise $2.36 billion in the initial public offering that would likely be here. In Hong Kong and just taking a look at one other big story covert 19 patients infused with blood plasma from people who recovered from the disease. Are reported to have had no improvement stat reports. There was no effect on whether patients got sicker or died. That's check of markets and Baxter with news in San Francisco. All right. Thank you. Brian Presidential debate. The president already tweeting. The moderator.

Hong Kong Nancy Pelosi Asia Brian Curtis Bloomberg Interactive Brokers Doug Prisoner Brian Presidential JP Morgan US New York Asia Pacific president Lou San Francisco Baxter Steve Mnuchin
Cathay Pacific cuts 8,500 jobs, shutters regional airline

Bloomberg Daybreak

00:35 sec | Last month

Cathay Pacific cuts 8,500 jobs, shutters regional airline

"Mork cuts are coming to the airline industry this time in Asia. Cathay Pacific Airways is cutting 8500 jobs is part of a restructuring. We get more from Bloomberg Daybreak Asia anchor Brian Curtis. The cost cutting was triggered by the pandemic. Among the lost jobs. 5300 are at home with 600 outside Hong Kong. Another 2600 are currently unfilled positions, pilots and flight attendants will see changes to their terms of service. Altogether. The reductions amount to about 24% of the head counted, Cathy that makes this one of the biggest hits yet to the global aviation industry

Bloomberg Daybreak Asia Cathay Pacific Airways Asia Mork Hong Kong Brian Curtis Cathy
Singapore GE2020: Global concerns, national elections

Bloomberg Daybreak Weekend

05:01 min | 5 months ago

Singapore GE2020: Global concerns, national elections

"One of the things we're gonna be covering is the Singapore elections coming up July 10th and for a closer look at what's happening and why it's so important. For that we go to Bloomberg. Daybreak Asia host Brian Curtis in Hong Kong and his colleague Doug Prisoner. Thank you. Now, one of the exciting possibilities for the pole is no more. The estranged brother of Singapore's prime minister will not stand. Lisa and Young said he decided to step aside because quote Singapore. It does not need another league. Well, that said Brian Singapore will surely get another early Prime Minister Lee Shin loans People's Action Party has won every election since independence back in 1965 and that is not likely to change this year. It's going to be very interesting and one point Whether or not these results will reflect the P a piece handling of the covert 19 crisis to get some insight. Brian and I asked Bloomberg's the bureau chief in Singapore, Joyce Co. To join us. Thanks so much for being with us, Joyce. I guess. Let's pick up on that issue of the fact that there is unlikely to be any surprise outcome in the election. But the question is whether or not this is going to reflect in anyway. Voter sentiment on the prime minister's Handling of the crisis. What do you think? Hi. Hi, guys. Yeah, that's right. Reading something awful way election has kicked off into losing so long has Put the nation that this will be election like no other And that's because this is happening in the midst of the pandemic, and he's asked for the elections to be be called because he wants a fresh slate. He thinks that things have stabilized and it's a good time, too. To get to hold this post to get a good men date for the ruling party we've seen over the last few months and sing upon the government has really tried to get control of the crisis. I's been interesting journey is a lot of ups and downs to sing off over here. So we set it up. Well, we We held out the model of how to contain the virus, but against like many other countries who cut also by how contagious and asymptomatic the virus who are still Somewhere in April with various cases such in a foreign worker Dhamma trees with a lot of these farm workers stay and live in close quarters, and that has actually pushed the surgeon does that. Our workers has actually pushed all virus told the various cases in Singapore to more than 40,000 which is one of the highest in Asia, the government has said. Repeatedly that, um the cases have been so high because they're doing a lot of testing, and a lot of these people have been asymptomatic. If you look at the total cases, actually. About 0.5% of the people actually in hospitals, and we have one of the lowest fatality rate in the world. I think a lot of people really admire Singapore. It's it's AH, It's a place where Have a first rate health care system. It's one of the richest countries in the world, great schools and all that. And a pretty good social safety. That too, so other than the handling of the Corona virus outbreak. What are some of the key issues that really move the populace? I think the main thing for a lot of people would be the economic fallout and how the government would be dealing of it. We've heard a lot of about this being said during the during the run up to the election. Something about facing a contraction of as much as 7% this year, and this would be the list contractions since our independence in 1965. So it's AH It's a big blow to the economy for people for us, so I used to be a success and be thankful girl continuously every year. It is a quite scary dudes that the economy would be contracting so much. If the government off their shows have won that more businesses local Glenda that unemployment rate in Singapore could could hit a record this year. So the grim picture actually off the economics in Singapore, some of the economic analysis that has been done surrounding the economic fall out of the crisis. Comes away with a conclusion that is essentially created a greater wealth gap. And I'm wondering how that's playing out in Singapore. I was reading that over 80% of the population live. In public housing, and I'm wondering about how this may may figure into this election. Well, we've had for stimulus budget in about 100 days in Singapore this year and the Singapore Sending about Singapore dollars 100 billion almost 100 million to to try to prop up the economy and still for a lot of people who find themselves other jobs or businesses who are ah Facing lots of troubles. We're seeing the government giving up the direct cash handouts, which is pretty rare onto people. So blessing apartments like me. We get $600 count. India had 303 $100.

Singapore Brian Singapore Prime Minister Asia Bloomberg Brian Prime Minister Lee Shin Asymptomatic Brian Curtis Hong Kong Joyce Co Doug Prisoner Lisa India Bureau Chief Glenda Young
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:35 min | 7 months ago

"brian curtis" Discussed on Bloomberg Radio New York

"Past the hour we update markets every fifteen minutes on Bloomberg radio Brian Curtis in the Bloomberg interactive brokers studio in Hong Kong sharp gains here in the Asia Pacific it comes ahead of the key US jobs report economies are re opening around the world that may be one reason also US China tensions may ease as the two we'll talk next week we also saw some pretty strong auto sales in China in the month of April that is an indication perhaps it by the way it was that it was the the biggest sales jump in almost two years it could be a little bit of pent up demand there might be something investors playing off of today will set a weaker dollar right now the Bloomberg dollar spot index is trading down another two tenths of one percent Dalian one oh six twenty nine the yield on the ten year sixty three basis points now to equity pricing the Nikkei is up one point six percent in Seoul the cost B. has rallied one point three percent of the time X. is up eight tenths of a percent tech heavy names doing well today and the nasdaq it rallied one point four percent the nasdaq finally turned positive for the year it still is eight percent or so below its highs earlier in the year and looking at the offer Chinese currency trading at seven await ninety eight so a little bit stronger there and we've got hang Seng index futures the gain of one point one percent that's check of markets just about nineteen minutes past the hour let's get you a news update Cisco with that Baxter hard Brian thank you Senate Majority Leader Mitch McConnell says he expects the Senate will soon look to pass.

Brian Curtis Hong Kong China Seoul Mitch McConnell Senate Bloomberg Bloomberg interactive brokers Asia US Baxter
Is Now An Opportune Moment To Examine Tencent Holdings

Bloomberg Daybreak Weekend

04:48 min | 9 months ago

Is Now An Opportune Moment To Examine Tencent Holdings

"Or tech giant Tencent reports earnings in the coming week the works of the prisoner and Brian Curtis are standing by with more Bob Tencent holdings is reporting earnings next weekend may provide a degree of hope that some firms are managing well through the crisis Bloomberg intelligence says the ten cent is likely to report strong fourth quarter sales and profit growth as it expands gaming fintech and social ad businesses then I thought we'd take a look at this entire area with Bloomberg's face turned laying to get some insights into ten cent and others and how they are managing through the coronavirus survey thanks very much for joining us now we had some warnings already from companies like Ali Baba and JD dot com and we had been told or with its earnings missing estimates contents sent bucked the trend yeah Brian I think we we got to recognize that the the quarter data reporting is the fourth quarter right and that's really before the virus outbreak started in January so I think fourth quarter results probably going to be intact groove is robust online games is recovering from the regular tree set back in twenty eighteen at stake spending so all's good right but what the market will really be looking for is any form of guidance into what the first quarter's going to look like and we've seen data that suggests that the show online services such as online games online video who work from home software cloud computing stuff like that has actually seen increased usage imprint the penetration with the outbreak in January and February physical businesses e-commerce foot delivery these things have obviously seen a lot of disruption because of travel restrictions and and logistics disruptions and so on so in terms of what the market had been discounting for the first quarter considering the fact that the lunar new year holiday was a major component in that especially working E. commerce is related does there have to be a major re thinking now in terms of earnings expectations I think a lot of fun it has been priced in worship places that obviously in the loss a couple of weeks being the not doing too well full China internet companies so we've seen reports coming out from the likes of Ali Baba VIP shopping portal and JD suggesting that there will be a fairly significant sales contraction in the first quarter the upside is most of these companies are now saying that the increase penetration the accelerated user adoption is probably going to benefit them down the road when the epidemic subside so that it is difficult to quantify and I don't think a lot of consensus numbers have that in yet you think that this would put a lot of pressure on these companies to control their costs or in the case of ten cent do you think they're doing so this Stenson and I would see the entire time to eat internet space in general has been curtailing costs expansion in the loss a year and that actually has been driven in part by the trade war with the U. S. macroeconomic concerns so people have been tightening their belts already and with this virus outbreak impacting sales in the coming quarters all to it's likely to cost controls will heighten having said that a lot of these companies E. commerce companies for example Ali Baba and people don't have been put in place to support measures for the merchants and they use US subsidies to promote more spending by the users weaving commissions from merchants especially for delivery companies like me tons of these things put up her the bottom line right at least for the next one to two quarters yeah and maybe that will show up in the equity price action but I'm concerned about the credit side of the equation to particularly as we given all the stresses that we're been talking about in financial markets see credit spreads to a white now to bid it mean if you look at the bonds Ian and ten cents for example how have they been trading in is there a lot of concern on the credit side of the ledger I think the for this particular space all the companies are basically that cash and the the highly cash flow generate if every quarter even with a sales decline of fifteen to twenty percent in the coming quarters it is quite likely that the cash flows will be positive so I I'm not too concerned about the bonds that that Tencent Alibaba Baidu and

Tencent
China manufacturing plunges in February amid virus controls

Masters in Business

00:34 sec | 9 months ago

China manufacturing plunges in February amid virus controls

"We're seeing another sign that the corona virus is threatening the global economy China's official manufacturing index for February plunged to the lowest level on record Bloomberg's Brian Curtis has more from Hong Kong the PMI hit thirty five point seven from fifty in January the non manufacturing gauge was even worse at twenty nine point six down from fifty four point one the dismal numbers highlighting the devastating impact of the corona virus some of it is self imposed though as virus control measures made it hard for workers to get back on the

China Bloomberg Brian Curtis Hong Kong Official
Coronavirus: World must prepare for pandemic, says WHO

Bloomberg Daybreak: Europe

00:36 sec | 9 months ago

Coronavirus: World must prepare for pandemic, says WHO

"Stories the spread of coronavirus cases to Europe and the Middle East he's walking up fears of a pandemic but the World Health Organization says not just yet Bloomberg's Brian Curtis has more from Hong Kong the W. H. O. call may have come to some investors and a number of markets in Asia staged a relief rally but there were plenty of new concerns South Korea announced scores of new cases and more deaths emerged in Iran elsewhere Afghanistan Bahrain and Kuwait confirmed their first cases and Hong Kong is said to have extended school closures until the middle of April in Hong Kong Brian Curtis Bloomberg

Europe Middle East World Health Organization Bloomberg Brian Curtis Hong Kong Asia South Korea Iran Bahrain Kuwait Brian Curtis Bloomberg W. H. O.
Coronavirus stokes global economic fears

Bloomberg Daybreak: Europe

00:51 sec | 10 months ago

Coronavirus stokes global economic fears

"So the number of coronavirus cases in China has now topped seventy five thousand but its concerns elsewhere the really troubling the market's been bikes behind catches has more from Hong Kong on the many effects of this health crisis from the understandable the W. H. O. once more funding to the odd South Korea has fifty two new infections most of them in a religious sect in Daegu to the truly bizarre China's Shandong province finds two hundred cases in a single present add to that fifty nine Hong Kong police officers are quarantined after a colleague was infected now investors appear to have discounted a peak in infections in China but they're troubled by the reliability of the data to spread in Asia and relentless new warnings from companies anxiety back in global markets in Hong Kong Brian Curtis Bloomberg

China Hong Kong W. H. O. South Korea Daegu Asia Brian Curtis Bloomberg Shandong
Wuhan coronavirus: Confirmed cases top 20,000 as China marks deadliest day

Bloomberg Daybreak: Europe

00:39 sec | 10 months ago

Wuhan coronavirus: Confirmed cases top 20,000 as China marks deadliest day

"Okay let's bring you up to speed with our top stories now the current of ours continues to spread as we said with the number of cases topping it twenty thousand and China's death toll currently at more than four hundred and twenty Bucks Brian Curtis reports from Hong Kong Hong Kong's hospital authority has reported the death of a local thirty nine year old man that's according to government radio station R. T. H. K. the man was said to have had an underlying illness he traveled to Wuhan on January twenty first no it's the second fatality outside the mainland pressure is mounting here for the border to be close with China Hong Kong has already closed all but three check points with the mainland in all conquering Curtis Bloomberg daybreak

China Brian Curtis Hong Kong Hong Kong Wuhan China Hong Kong R. T. H. Curtis Bloomberg
World markets gain as China closes down for Lunar New Year

Bloomberg Daybreak

00:32 sec | 11 months ago

World markets gain as China closes down for Lunar New Year

"Begin with the latest developments on the corona virus out of China with Beijing rushing to halt the spread of the disease here with details as Bloomberg daybreak Asia anchor Brian Curtis in Hong Kong the World Health Organization stopped short of calling this a global health emergency China has implemented restrictions on travel and public gatherings in Wuhan and also in many surrounding areas and Hong Kong Macau in Beijing have canceled holiday activities now most cases remain mild with only about one fourth of them developing more severe disease most of those who died have had other health

China Beijing Brian Curtis Hong Kong World Health Organization Wuhan Hong Kong Macau Bloomberg
How China’s Coronavirus Outbreak Could Threaten the Global Economy

Bloomberg Daybreak: Europe

00:39 sec | 11 months ago

How China’s Coronavirus Outbreak Could Threaten the Global Economy

"Okay let's have a look at some of our top stories now China is rushing to hold the spread of the new coronavirus as the death toll rises to twenty five begs Brian Curtis has more from Hong Kong the World Health Organization stopped short of calling this a global health emergency that seemed to reassure markets as Asia traded mostly side ways China has implemented restrictions on travel and public gatherings in Wuhan and also in many surrounding areas and Hong Kong Macau in Beijing have canceled holiday activities now most cases remain mild with only about one fourth of them developing more severe disease most of those who died have had other health

China Brian Curtis Hong Kong World Health Organization Asia Wuhan Hong Kong Macau Beijing
Stocks hit record high as U.S. and China near a trade deal

Bloomberg Daybreak

00:37 sec | 1 year ago

Stocks hit record high as U.S. and China near a trade deal

"The should focus that a trade between the US and China risk assets around the world are surging afterward the president trump has signed off on a phase one trade agreement with Beijing let's get details now from Bloomberg daybreak Asia anchor Brian Curtis in Hong Kong sources say this cancels the introduction of a new round of terrorists that was scheduled for Sunday US negotiators have offered to cut existing terror of rates by up to fifty percent on some three hundred sixty billion dollars of Chinese imports in return Beijing is committed to purchasing large quantities of farm products and to enhance the protection of intellectual property rights Asian equities bounce and you won rose the most in a

United States China Donald Trump Brian Curtis Beijing President Trump Bloomberg Hong Kong Three Hundred Sixty Billion Do Fifty Percent
Markets move higher as Trump and China signal room for 'calm' in trade talks

Bloomberg Daybreak: Asia

01:17 min | 1 year ago

Markets move higher as Trump and China signal room for 'calm' in trade talks

"For a look at how things are shaping up for the Asian trading day here's Bloomberg's Brian Curtis one thanks very much let's get some of these opening numbers here China futures just trading in Singapore now the footage on a fifty contract up fifteen points that's about a tenth of one percent the Taiwan market has just opened and the tie axes up two tenths of a percent and the straits times index in Singapore also of two tenths of one percent meantime the head of one of the world's largest sovereign wealth funds is warning that markets are becoming increasingly dire Lin Chao chaos who's the chief executive officer of Singapore's GI C. has sounded the alarm about the state of the economy the world economy he's decrying populism trade protectionism and decline in the ability of governments to markets to deliver broad based prosperity I got you scared well if you look at the markets today at least in the Asia Pacific mostly green numbers here the Nikkei is up four tenths of a percent there's a little bit of optimism over US China talk even though we've got some buffeting comments of the SX two hundred up eight tenths of one percent and over in Seoul the cost be is trading up about a tenth of one percent Dalian one oh seven ninety four so that's a little bit of a stronger yen there and we got the yield on the ten year treasury down to one point seven seven percent whereas two years at one

Bloomberg Singapore Chief Executive Officer United States Seoul Brian Curtis China Taiwan Straits Times Lin Chao Asia One Percent Seven Seven Percent Two Years Ten Year
China, U.S. kick off new round of tariffs in trade war

Bloomberg Radio New York Show

05:03 min | 1 year ago

China, U.S. kick off new round of tariffs in trade war

"Well sure to Beijing where Chinese officials have indicated opposition to further escalation of the trade war with the United States last week China's ministry of commerce spokesman signaled the country won't retaliate against the latest round of U. S. terrace announced by president trump for more let's head to Hong Kong were Bloomberg daybreak Asia anchor Brian Curtis is standing by Bob this next week may deliver a world of hurt to global markets and global growth that's because on September first a new regime of US tariffs on Chinese goods will begin agricultural products clothes kitchen where food where all facing a fifteen percent tax that's up from ten percent following the latest escalation my colleague and a current joins me now in our studios for some insight on where all of this may be going and thanks very much for for joining us and it's not only that we've got other products like I phones and other consumer goods it'll be hit December first we've got the existing twenty five percent tariffs on some two hundred and fifty billion dollars of Chinese products that are slated to go to thirty percent on the first of October so I'm interested in where we go from here well I think the indications that we're getting from the Chinese side and obviously we don't go to any public public pronouncements in a way that we do with the US government put the hints are that they are pretty much cooling their heels and it's one that they're ready to dig in for something of a long hold on to you know I think a lot of observers following this are going to confusion at read indicates John is willing now to prepare itself for a long protracted trade war that the prospects for near term dealer probably unlikely and that they are now turning draw very much towards the a U. S. political cycle we have to wonder whether or not that's pride or whether or not is that they feel confident in the Chinese economy being able to maybe hold up even with these tariffs well it's a critical question isn't if it's it's the kind of one of the few remaining pillars that in terms of China's economy that's been holding up relatively strong is of course the consumer at we have seen weakness in the auto sector the car market there is having something of a historic slump but overall it's been so more resilient I think going forward now the question will be as we move to the next level of this trade war as you say to the basket of goods that are getting tired widens and indeed the overall tires themselves to start increase that's going to have an increasing chill factor on the manufacturing sectors on profits on the question then becomes how long before that the start flow into employment we have seen some weakness in John's in an office in palm indicator don't forget and then of course from that by extension lenses are flowing into the High Street and Chinese consumers put their wallet not in in their pocket but I would say just as one I don't have a look at the reaction to the cosco opening in China this week build all indications are death the consumer certainly have some demand for that at least so what might we expect in terms of numbers on the PMR is that we'll get next week well I think we're looking for more and more softness Brian probably filling contractionary terror tree I don't think I means expect the big necessarily big we grant rebound without some private gauges on small and medium size enterprises showing hinting at perhaps something of a bottom industry profits as well it's simply a rebound on the though there was a base fact there I think overall the V. remains that there is down the pressure on manufacturers there is downward pressure on funky prices and I don't think would trade war continued to escalate the way that it has been over the last few weeks that we expect a dramatic turnaround on the PMR from one question that's impossible to answer is if there is a deal what sort of impact that might have on global growth in other words you know have as the horse already bolted the stable or is there a chance that the global economy immediately picks up once the deal is done okay yeah that's a big question Brian's hard to know how much damage has already been done and how much can be reversed I am I think near term if we wore to move towards let's just say an extension of the troops and solid indication of by both sides that they were going to ramp up tires and door tangible ways to to measure it out and there were some common exchange in terms of an agreement that would surely lift a lot of the clouds hanging over the world economy would surely remove some of the uncertainty that's floating around out there really and truly when you consider high skeptical and high deeply driven president trump is when it comes to his views on China under economic policy I don't think anyone thinks we're going to have a long term lasting durability I'll certainly this side of the elections on that basis what you might hive is an extended choose where there's a sugar hit for markets and investors and perhaps some corporate investment would proceed that was on shaky grounds but really though the bigger picture would remain that looks like it's something of a realignment going on her between the US and China in terms of your economic relationship I was always that's the case that will continue to act as a brake I think on confidence and investment Bloomberg's and the

Beijing United States China U. S. Terrace Ministry Of Commerce Fifty Billion Dollars Twenty Five Percent Fifteen Percent Thirty Percent Ten Percent
China October exports surprisingly strong in race to beat higher U.S. tariffs

Bloomberg Daybreak

00:40 sec | 2 years ago

China October exports surprisingly strong in race to beat higher U.S. tariffs

"The trade surplus widened to thirty four billion dollars with US alone was thirty one point seven eight billion. Now, the US plans to increase tariffs on more Chinese imports to. Twenty five percent in January given that there's a huge incentive for Chinese companies in their American customers to Jack up trade as much as they can in the short term. I'm Brian Curtis. Bloomberg daybreak. Brian. Thanks bonds. In Italy are falling after the European Union said economic growth next year will be weaker than talion government targets. The EU also says Italy's budget will move dangerously close to the euro area. Limit of three percent. Tesla has a new chairman. Let's get the very latest live from Bloomberg's John

Bloomberg United States Brian Curtis Italy European Union Chairman Tesla Jack Thirty Four Billion Dollars Twenty Five Percent Three Percent
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 2 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"Everybody. I'm Brian Curtis here in Singapore. At the new economy forum, and on Juliet Sally also here in Singapore. At the Bloomberg new economy foreign, but we all saying a little bit of a mix movement coming through in these markets, particularly weakness coming through in Hong Kong and China. Let's get all the latest weakling. Doug krizner in New York duck. That's right Julieta. The hang sang is down about four tenths of one percent. And on the mainland chong-hi composites weaker by about eight tenths of one percent right now seeing a bit of weakness in the offshore Chinese you want here at six ninety two eighteen a decline against the dollar of about two tenths of one percent, Bryan. And or broadcasting from the Bloomberg new economy forum in Singapore and earlier it was there that China's vice president one she Sean said that China is willing to talk to the US on this ongoing trade dispute now he prefaced his support for talks with a warning about the dangers of. Of right leaning populism and unilateralism we'll have more on that coming up here on the program and the dollar-yen relationship one thirteen twenty nine so the is slightly weaker. The Nikkei is higher by more than eight tenths of one percent. In Seoul, the kospi better by about three tenths of one percents. And in Sydney now, the ASX two hundred is ahead by about one tenth of one percent. A lot of the info tech stocks were down in the US session. This after the Nikkei reported the dapple is not going to boost phone production. Energy shares kind of did an interesting thing when you look at the normal relationship that we see between crude oil and many energy companies. They trade kind of in tandem today. Energy stocks gained even though crude oil fell to a seven month low WTI right now is at sixty to eighty eight most analysts with whom we speak. Tell us that the US sanctions on Iranian. Crude are not going to have a lot of immediate impact on worldwide supplies in the bond market. Meantime, US ten year treasury holding steady at a yield of three point. Two zero percent. I'm Doug krizner live from the Bloomberg. Interactive brokers studio back to Singapore.

US Singapore Bloomberg China Doug krizner Juliet Sally Brian Curtis Hong Kong New York Bryan ASX Seoul Interactive brokers vice president Sean Sydney
Colton, Chairman And CEO and CBS discussed on Bloomberg Best

Bloomberg Best

00:16 sec | 2 years ago

Colton, Chairman And CEO and CBS discussed on Bloomberg Best

"Be paying a little bit less for gasoline. Another reason for the drop Lundberg says is demand is low the average price of regular grey gas per gallon over the past two weeks was two dollars ninety one cents. I'm kerry. Shoemaker Warner Brothers movie. The non is the weekend's top

Colton Chairman And Ceo CBS Japan Executive Chairman Jabar Lundberg Chief Executive Officer Warner Brothers Chairman Hong Kong Coo Joseph Yellow Hang Seng Evan Haning Chief Economist Brian Curtis Alibaba Jack Ma
Trump launches steady stream of criticism of Fed chief Powell's interest-rate policy

Bloomberg Best

00:30 sec | 2 years ago

Trump launches steady stream of criticism of Fed chief Powell's interest-rate policy

"President Trump. Has taken a swipe at. Fed chief Jerome Powell. We're told he said that he thought Paul would be a cheap money fed chair Bloomberg's. Silly motion says that Trump's comments are not out of the blue we are seeing almost a coordinated effort coming from Trump himself and some of his advisors and other loyalists. Who worked for the campaign and have been vocal supporters of the campaign are now every time the fed makes a decision if they're hinting at higher rates they do raise rates you seem more tweets and

Donald Trump FED Jerome Powell Los Angeles Bloomberg President Trump Malcolm Turnbull Paul Bryan Curtis Evan Haning HP Hp Billiton KEN Brian Curtis Twitter Shanghai Treasury Hang Seng Europe
Elon Musk, SEC and Harvey Pitt discussed on Bloomberg Best

Bloomberg Best

00:18 sec | 2 years ago

Elon Musk, SEC and Harvey Pitt discussed on Bloomberg Best

"I'm Bryan Curtis in San Francisco let's get you, this hour's top business stories and the markets China says vice commerce, minister one show one will be traveling. To the United States for trade talks later this month it would be the first official exchange since earlier negotiations, broke

Elon Musk SEC Harvey Pitt United States San Francisco Chairman China Treasury Bryan Curtis Bloomberg David Malpass Brian Curtis Undersecretary Hang Seng Tesla Twitter Francisco Official CEO Five Percent
Bloomberg, Goldman Sachs and Tesla discussed on  Bucket Strategy Investing

Bucket Strategy Investing

00:16 sec | 2 years ago

Bloomberg, Goldman Sachs and Tesla discussed on Bucket Strategy Investing

"Pace in twenty two months in July prices gained one point two percent from the previous month and that compared with. A one point one, percent increase in June Chinese Internet giant ten cent is getting. Clobbered, ahead of its earnings later. Today the stock is, down about

Bloomberg Goldman Sachs Tesla San Francisco Ann Cates Bryan Curtis June Grosso Twitter Brian Curtis China David Welsh Rowe Indonesia United States Turkey Nikkei Three Percent Two Percent
European bank stocks lose more ground as concerns on Turkey spread

Meet the Press

00:33 sec | 2 years ago

European bank stocks lose more ground as concerns on Turkey spread

"Donors I'm Evan Haning I'm Bryan Curtis. In San Francisco let's get you this hour's, top business stories and the markets stocks are slipping in. The Asia Pacific so are the euro. And emerging-market currencies all Asian equity markets are down many of them more. Than one point two, or one point three percent, turmoil in Turkey sparking wider. Concern of market contagion Turkey's finance minister has reportedly indicated. That Turkey's institutions we'll take necessary steps to ease market concerns

Turkey Tesla San Francisco Asia Bryan Curtis Evan Haning Softbank Twitter Brian Curtis Singapore Finance Minister United States Nikkei Bloomberg China Five Percent Four Percent
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 2 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"The hour i'm brian curtis here in our hong kong studios and we get you caught up on the top market action every fifteen minutes here on bloomberg radio lae asian equity markets look set to rocket today after the strong us jobs report on friday especially the the less inflationary reading on wage pressures and that along with the trump kim meeting has lifted sentiment and we also have the added flexibility on the us trade tariffs and seem to be looking pretty good for investors here as we approach this monday morning let's take a look the sx 200 up nine tenths of one percent it's a fifty five point game new zealand is up about nine tenths of a percent if you look at nikkei futures the latest reading twentyone 80 five and so closing at twenty one four sixty nine or three hundred fifty to four hundred point jump here when we get that market opened up in the next forty two minutes to sell and if you look at the yen well it's weakening this morning we started out about four o'clock around 106 sixty we've we can to 106 92 so that should also be a little bit of a risk on marker for the date now let me ask you a question of when does a simple truth look like a massive understatement while the bis said at the return of volatility in february highlights the quote tricky task that central banks face in normalising policy they did offer this advice to central bank's policymakers need not fear volatility as such along the normalization path some volatility can be their friend from the financial times the saudi aramco ipo is said to be delayed until 2019 your price now sixty two eighteen a barrel that's how the markets let's get to san francisco ed baxter has some of the top latebraking stories at okay brian can do national people's congress's footage rubber stamp on president xi jinping's constitutional vision it can be president she for life now north korea's kim john on.

brian curtis hong kong studios saudi aramco ipo san francisco congress president north korea kim john bloomberg us ed baxter xi jinping forty two minutes fifteen minutes one percent
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 2 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"By the radio mobile app at a good morning to you from hong kong i brian curtis and in singapore and juliette sally well as you mentioned a lot going on at the moment and we are seeing the cosby rally by around two percent let's get the latest present in new york doug juliette how dare i say we're seeing the less risk on the korean peninsula and more risk being taken in the pack rim equity trade with top news of the hour is that the white house is now saying that president trump has agreed to meet with north korean leader kim jong earn the word is a rewarding i should say is that mr trump has accepted an invitation of direct talks between a us president and the north korean leader would be unprecedented uh right now in seoul the cosby is up by one percent a little bit more actually one point seven percent the korean won against the dollar higher by two tenths of one percent we're seeing a rally in the japanese equity market with the nikkei had more than two percent the end pulling back against the dollar were at one of six sixty seven so we've got the korean story taken care of the other thing that was working on markets president trump moving forward with his tariffs on steel and aluminum although it's a bit material because the president said that canada and mexico would be permanently exempted from these us levies if here's the caveat if there is a deal on nafta now china has responded and they have vowed to take strong measures to safeguard their own interest will be taking a closer look at the story as we continue here on daybreak asia right now in sydney a sx 200 better by about onehalf of 1 percent crude oil getting a bit of a bid although we were down by more than one percent in new york trading some of that had to do a bit with a dollar strength crude right now sixty 38 the us 10year treasury in the tokyo session yielding two point eight seven percent bryant to you all right thanks very much dug a meeting between the leaders that north korea and the united states it seems almost impossible to heat let's get the ed baxter who's gonna tell us how it happened at galal this is a boy this has started to.

hong kong north korea tokyo mexico kim jong new york juliette sally singapore brian curtis mr trump sydney asia china canada cosby seoul president us
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:08 min | 2 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"On the eastern seaboard i'm brian curtis in hong kong and on juliette sally in singapore where we are seeing a female markets come online these are a little bit of a mixed picture let's get it over to doug chris that in new york doug mixedtoweaker i guess that's a good way of describing it that we had china's setting its growth target for 2018 at around six and a half percent that coming out of the national people's congress which is now underway in beijing are they are also indicating this would be the chinese that they want to promote balanced trade in 20 eighteen other markets lately you might expect have been focused squarely on this issue of trade we've got the tariffs on imported steel and aluminum to the us they look like they are underway over the weekend we have the swedish company electrolux saying the plans that the company had for two hundred fifty million dollar expansion at a plant in tennessee those plans are now on hold we had a mixed session in the equity market stateside friday but the dollar was down by about three tenths of one percent if you're looking at the bloomberg dollar spot index and the dollar continues to trade weaker with the bloomberg dollar spot down one tenth of one percent the yen much stronger here were up about three tenths of one percent 105 forty seven and if you look at the japanese equity market right now the nikkei is down seven tenths of one percent in seoul the kospi off onehalf of 1 percent and in sydney the a sx 200 down about four tenths of one percent so in the us we've got the employment report for the month of february it's due friday under normal circumstances that would probably dominate psychology but given the trade talk the question is whether we're going to to continue to see some haven buying in us treasuries the 10year right now in the tokyo session it to eighty four the twoyear treasury at two twenty two wti crude oil right now 61 fifty eight bryant doug an excellent round up thanks very much let's get a little bit deeper into this npc story kicking off in beijing today as you mentioned they set the 2018 growth target around six point five percent the statement this time include this new wants it didn't have the objective for output growth to be higher if possible in practice as it did in 2017.

brian curtis hong kong china electrolux sydney us juliette sally singapore doug chris new york beijing tennessee bloomberg seoul tokyo one percent two hundred fifty million doll five percent 1 percent
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"Wear it 34 past there let's bring in brian curtis into the conversation about a market behavior you know it's kind of interesting brian we've got to passage of the tax overhaul bill clearing the senate early early saturday morning us time we're seeing a rally in many of the many futures contracts for us equities but kind of a a mixed reaction in the asiapacific yes like i was saying earlier on our called there's there's still a weakness in the asian equity markets in terms of the technology stock performance and and also china shares that might be why we're seeing weakness here this morning even with the tax overhaul las seemingly one step closer to being passed that we've got the nikkei down twotenths of 1 percent the sx 200 is flat to slightly lower were a little softer in new zealand as well and we do have some gains in seoul the cosby is up three tenths of one percent but samsung for instance down zero point eight percent now let's back up a little bit doug tech ten cent is down thirteen percent from its high two weeks ago alibaba down nine percent last week alone so there has been a lot of pressure on these tech shares out here in asia in a may be weighing down a little bit this morning softbank also down a similar margin to samsung about zero point seven percent other than that we are seeing a rally in the us dollar and as you mentioned the futures in the united states and seems to suggest at least to american investors that tax reform is more important than whatever concerns you might have about the russia investigation so at the moment the boomers dollar spot is pushing eleven sixty three it's up about a quarter of 1 percent the dalian won twelve 73 the euro at a dollar eighteen 68 so the dollar stronger against both of those two currencies by between one third and twothirds of 1 percent yield on the 10year two point four zero percent the oilprice fifty eight twenty and bitcoin up eight hundred and seven fifteen dollars eleven thousand two hundred.

brian curtis senate equity markets cosby samsung asia softbank us china seoul alibaba russia 1 percent seven fifteen dollars four zero percent thirteen percent eight percent seven percent nine percent one percent two weeks 10year
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:11 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"Brian curtis in hong kong wealth broadlyspeaking across the region we had some fairly nice games the gave allotted back now we've sorted stabilize to get to some of the details in a moment first let's get up to beijing years emma o'brian with the china markets emma hi there brian will at the end of hong kong trading today hang sang woo rebalance its indexes which is triggering a fair bit of movement in the city's stock market today we feel quite a dramatic dive intends since shortly after the os slid almost streets had sent the tech giants waiting in the hang sang we'll be reduce poverty develop a country god and meanwhile jumped more than six to say because this is the gatewell rise here on the mainland is a good day for small cats the hynix index surging more than one percent right now bryant thanks very much show one of the things as hit the market is that prospects for the tax over all seemed to have slipped a little there are still negotiating in debating that anyway s p 500 he many said down little bit not much just two tenths of one percent and we've come off a little bit here in the region a couple of quick numbers the nikkei down a point now hang seng index up twenty five and the shy composite is down a point so a little bit of a mixed session here in the asiapacific we want to get some more time with mark zandi so i will throw it over to mark mills now for a quick news update mark speaker paul ryan and minority leader nancy pelosi on thursday called on representative john conyers the chambers longestserving lawmaker to resign from congress as widening accusations of sexually inappropriate behaviour continue to royal capitol hill these senate ethics committee said thursday it opened a preliminary inquiry into allegations of sexual misconduct by democratic senator al franken a minnesota after several women accused him of inappropriately kissing and groping them paul manafort the former campaign chairman to donald trump accused of money laundering reached a new bail agreement with prosecutors in which he would forfeit four properties worth eleven point seven million dollars if he fails to appear in courts and in earthquake has jolted the mid atlantic region of the.

money laundering donald trump al franken senate representative nancy pelosi mark mills bryant china beijing hong kong Brian curtis chairman minnesota senator capitol hill congress john conyers paul ryan mark zandi stock market emma o'brian one percent seven million dollars
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"To washington dc bertinotti nine one two boston bloomberg 106 what do san francisco bloomberg 960 to the country siriusxm channel 119 and around the bloomberg radio app and bloombergradiocom this is bloomberg daybreak asia hello everybody very good morning from hong kong where it's eight thirty in the morning i'm david inglis and i've doug christner bloomberg world headquarters in new york so we've adjusted the clocks and that is why trading is underway in tokyo sydney and seoul and in about an hour's time the action will begin in hong kong shanghai and shenzhen kind of a mixed picture we're seeing a rally in many of the commodity names given though the move higher in crude oil will take a closer look momentarily when we check brian our markets with brian curtis right now let's get you caught up on the sauers top isn't stories right and it's taught very broad here because there's another key vacancy be created at the federal reserve william dudley will be retiring next us president of the new york fed vice chair stanley fischer left last month and president trump has nominated to powell to replace fed chair janet yellen come february now deadly says there will still be continuity for the fed's operations there's lots of other people behind them supporting the mission as well and all the staff people all the people that work they're seventy eighty ninety hours supporting the principles so i think it's going to be this going to be fine what ninety hour weeks at the fed now bloomberg economics expects dudley successor will have extensive internal experience while extensive certainly is that were.

janet yellen bloomberg economics powell vice chair seoul tokyo doug christner siriusxm san francisco boston washington fed bloomberg trump stanley fischer president us william dudley brian curtis crude oil sydney new york david inglis hong kong seventy eighty ninety hours ninety hour
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"The hour we update markets every 15 minutes here on bloomberg radio i'm brian curtis in hong kong and we'll have some interesting tidbits on macao on hong kong and china coming up in just a moment but first finance ministers and central bankers gathering in washington are upbeat but there are saying hey don't mess it up they say the global economy is enjoying a recovery that spans threequarters of world output trade volumes have rebounded unemployment is falling and did they say the best is yet to come in a market seem to be following on with this but the same finance ministers saying that painful reforms are still needed to defuse political tensions and ensure the recovery lasts all right let's get to the markets now emma o'brien in beijing and a good morning brian olynyk china and tom com giving matt this morning atiyah pretty make we currently gained in macau casinos doctorate in hong kong numerous says demand trend think normalize after choir here than you do that last week golden week holiday big need today with got great all made its reported galewhipped fan w i think the analysts burn it that we have a negative impact on avic carmakers in china that ever planned to implicate hinted that big what well today at chinarelated trade data bryant all right thanks very much the nikkei is up 14 points to gain of a 10th of 1 percent all right it's 19 minutes now past the all it hit news update here's paul allen in sydney both the world bank's cancelling plans to provide a two hundred milliondollar credit london the ongoing refugee crisis there un says mere myers engaged in the ethnic cleansing of its muslim minority ringgit population and bank president jim young kim's is the first if a budget assistance to the country can no longer perceived the united arab emirates will stop issuing new visas to north korean workers it's the latest gulf country to limit pyongyang's ability to evade sanctions and raise money abroad delays estimated to host about 1500 north korean workers and strong winds forecast for california this weekend making the job tougher for firefighters battling to contain wildfires burning across the north of the state twenty six people have so far died a more than three and.

sydney north korean president brian olynyk emma o'brien bloomberg california pyongyang united arab emirates jim young kim myers brian curtis paul allen tom com beijing global economy washington finance ministers china macao hong kong two hundred milliondollar threequarters 15 minutes 19 minutes 1 percent
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:30 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"In china were data from july shows he further signs of a secondhalf slowdown bloomberg daybreak asia anchor brian curtis reports from our hong kong bureau the curbs on property excess borrowing and overcapacity are starting to bite july's numbers were considerably below june's and they missed estimate says well industrial output up six point four percent from a year earlier versus an estimate of seven point one percent and retail sales up ten point four percent compared to a projected ten point eight percent growth now as the economy cools policymakers will likely back off slightly with their tightening that's the view of bloomberg intelligence brian curtis bloomberg daybreak hongkong thanks ryan in japan data on secondquarter gross domestic product shows the nation growing faster than any of its g seven peers giddy p increase by an annualized four percent in the period compared with one and a half percent growth in the prior quarter private consumption and business spending helped drive as strong domestic demand kathy mitsui as vicechair and chief japan equity strategist at goldman sachs this is probably a very decisive confirmation sharon of final or longlasting transition away from reliance solely on external demand and really a transition that i think is hopefully more sustainable two domestic demand goldman sachs chief japan equity strategist kathy matsui says the gdp data suggest that demand for domestic goods in japan is starting to gain traction the stringent markets in the asiapacific now for that we turn twogame birds david atlas in our hong kong bureau bob and care asian equity markets were noticeably more common collected compared to the i get the move out of risk assets on friday certainly the toning down of rhetoric surrounding north korea help lure buyers back in most equity markets in the region closing higher with our rebounded the tech names that we're actually sold off substantially late last weekend also saw most asian currencies strengthened against the us dollar although i should note that the cosby two hundred volatility index that's the actual a measure of implied vaal in south korea pulling back slightly but still remains well above its average this year all the benchmark was flat owing to japan reopen and the subsequent drop in tokyo this monday of 1 percent after having missed friday's selloff but certainly a lot more risk appetite this monday with asia xjapan higher by almost one percent david ingress bloomberg daybreak hongkong thanks david toshiba's talks.

bloomberg david toshiba david asia cosby us north korea japan japan hong kong brian curtis china tokyo south korea equity markets david atlas kathy matsui goldman sachs kathy mitsui gross domestic product retail sales four percent one percent eight percent 1 percent
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"To learn more more for a look at how things are shaping up this thursday morning ahead of the jet japanese cabinet reshuffle of course of billy let's get it over to brian curtis david thanks very much will most us stocks actually edged lower if you can believe that but because apple was so strong it dragged up the s p 500 in and also dragged the dow up a pass twenty two thousand for the first time ever and we also had a return to dollar weakness crude oil eased back below fifty dollars a barrel right now wti crude at forty nine dollars and fifty four cents not too much of a change here in the asiapacific down about a tenth of one percent european stocks slid as a drop in industrial medals weighed on some of the miners there the euro has been very strong here of late at continued surge against the weaker us dollar a year now at a dollar eighteen 53 the dalian one ten seventy two the bloomberg dollar spot indexes flat at 1100 55 the gold prices up to 1200 in seventy two dollars fifty cents to sagging about ten cents here in just the past couple of minutes i i mentioned apple before in the end it was up almost five percent the stock gaining more than seven dollars but after hours well it was all about another stock that the guys we'll tell you about next tug brian you mentioned apple yet we had that optimist revenue forecast late in the session yesterday apple contributing more than 50 dow points to today's advance so now that the industrial average finishes above twenty two grand for the first time ever what's next this is sam stovall he is the chief investment officer at cfra i would tend to say let's continue to look for earnings growth and let's also listen for washington to see if they are going to be able to pass some sort of tax reform were more likely merely a tax cuts tax reform may be a tax cut we'll have more on the prospect of those events happening when we check global news with ed baxter and a few moments from now let's talk about tesla is brian mentioned there it's the stock we are watching right now shares are up eight percent in.

apple dow crude oil chief investment officer washington ed baxter billy brian curtis david bloomberg seventy two dollars forty nine dollars eight percent fifty dollars seven dollars five percent one percent
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"Brian curtis in new york along with doug christner we'll dig deep for samsung electronics it posted net income up at ten point eight trillion won so that's nine point six billion us dollars and that was compared with the nine point seven five trillion won average so ten eight to nine seventy five and was said to be on the back of a strong success in galaxy s eight smartphones and surging prices of semiconductors south korean gdp by the way in the second quarter expanded not point six percent quarteronquarter and that matched estimates the yearly rate was two point seven percent in that also matched estimates the singapore bank ocbc posted secondquarter net income one point away billions sing and that was better than the nine hundred thirty eight million expected and also from the wall street journal this is also breaking story viacom said to be dropping it's did for scripts and that leaves discovery in the pole position while the dollar sank treasuries rose after the fed signalled that inflation remains persistently below its target that's even as the economy picks up a little lemerre dollar spot index fell not point six percent it's down to the lowest level in a year trading now levin fifty six dalian 111 oath to and that has caused a little bit of selling in japan although the nikkei is only down twenty two points you've got the sx 200 up thirteen points the ends at acts of six points and the kospi in seoul of twelve points the oil price firm at 48 sixty eight a barrel brent crude at almost fifty one dollars so that's a look at the latest in market action let's get the latest news and here's denise pellegrini in our studios in new york i think you brad most seven republicans joined democrats in rejecting of build the simply repeal obama care with a two year delay the next major senate vote will be on what's called a skinny repeal this is changing in terms of exactly what it would be but one form would get rid of the care coverage mandate well keeping much at the law intact now the head of the house freedom caucus says that one has zero chance of passing on his side that the capitol heavy monsoon rains in india have killed at least forty eight people large.

india the house senate obama oil price japan dalian levin samsung Brian curtis new york denise pellegrini seoul viacom wall street journal singapore bank ocbc doug christner new york six percent fifty one dollars seven percent two year
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"Of supply cuts futures little changed after declining one point seven percent last week limiting output from nigeria and libya which are exempt from the curbs will not be on the agenda win opec and his partners meet in saint petersburg stocks in asia are mixed now after a lacklustre start on calling in china's dr higher tokyo and seoul have moved lower the yen is up for a fifth can say give day traders are showing caution of a week packed with earnings results at a meeting of the us federal reserve meantime from the wall street journal china's government crackdown on overseas investment by large private companies has the approval of president xi jinping and from thai sheen that one to chair one gen lin one of those companies says that wanda will now mainly invest in china i ask tom murphy partner at a scholar partners in australia if this would turn off foreign investors in china it hard to imagine going in one of focusing cooked on china we have an enormous project here the being today at the moment and it one of a few in australia and that's throughout the asiapacific region let's get a check of markets now the hang seng index is up a hundred twelve points and the shanghai composite has moved up a third of one percent of the nikkei is lower down nine tenths of one percent and the sx 200 in australia is off about one percent global news 24 hours a day powered by our twenty seven hundred journalists and analysts in a hundred and twenty countries from new york i'm brian curtis reporting this is bloomberg you're listening to bloomberg best on bloomberg radio.

brian curtis bloomberg new york shanghai tom murphy president wall street journal tokyo saint petersburg bloomberg nigeria australia partner wanda us seoul china asia opec libya one percent seven percent 24 hours
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"And via the radio mobile app already i'm brian curtis here in new york at the bloomberg headquarters and i'm sherry on in hong kong future is in major markets across asia pointing south right now this of course after asian markets gain for ten consecutive days that was the longest winning streak since 2013 brian in it's been an amazing run it has been a great run for the asian markets had a little give back would seem very understandable and we've seen a little bit of that uh the hang seng index had a great week last week but finished on a slightly downward note that most of the markets on friday were down in the futures appointing to some modest losses this morning but they're not great talking about two tends to four tenths of one percent let's take a quick look nikkei futures off ten point sanctioning index futures off about four tenths of one percent and well the china footsie fifty not trading right now but will also probably be seeing some modest downward pressure their currencies are trading the dalia noone eleven ten we got the eurodollar sixteen very little movement they're bounce in bitcoin you know we were just down below two thousand ten days ago or so but then or after actually was even at the early part of last week now we're up to two thousand seven hundred thirty four so bit of a rebound they're not so for gold gold trading at sixty dollars now the oil price coming an off a little bit but not as much as you might think a story that will tell you about in a moment nigeria and libya not expected to cap production anytime soon so that may cause little downward pressure and the bloomberg commodity index off about a tenth of a percent on friday so we may see further pressure there today sherry over to you right and as buying nation we saw that blow to opec helps were told limiting output fell nigerian libya won't.

brian curtis new york asia footsie oil price nigeria libya bloomberg hong kong opec one percent two thousand ten days sixty dollars
"brian curtis" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 3 years ago

"brian curtis" Discussed on Bloomberg Radio New York

"On that of the trump agenda tom curran the market remained earlier black rock ceo larry things says the second quarter will be disappointing in terms of earnings growth for us companies and black rock is the world's largest asset manager in china today the official manufacturing index for may came in above estimates bloomberg daybreak asia anchor brian curtis has details from our hong kong bureau the manufacturing gauge held at fifty one point two on par with april and stronger than the estimate of uneven fifty one the nonmanufacturing pm i was fifty four point five and that was stronger than april's reading of fifty four new orders were unchanged at fifty two point three some early indicators had suggested a slowdown in the chinese economy but these numbers will give policymakers more room to rein in financial risks brian curtis bloomberg daybreak hongkong thanks ryan fema data from china set the tone for trading in asia today but enthusiasm for the data here to wayne late in the session bloomberg sophie kamarudin reports from hong kong but chinese markets which came back from a fourday weekend managed to add about fourtenths of a percent albeit pairing gains that hong kong stocks snapped a sevenday rally although that's not derailed the hung sings fifth monthly advance the best friend since twenty thirteen stocks and so and sydney ended the day higher yet the drop in energy producers across the region data ran gains and despite factory output in japan rebounding in april on an expert recovery a stronger yen dragged on shares in tokyo and currency markets were in focus with the onshore and offshore yuan climbing self accommodating bloomberg daybreak hong kong sotha thank.

larry things china brian curtis asia hong kong sydney energy producers tom curran ceo official bloomberg wayne sophie kamarudin japan sevenday fourday