35 Burst results for "Shanghai Composite"
"shanghai composite" Discussed on WGN Radio
"Today East northeast Wind 5 to 10 Gusting to 15 Tonight, Low forties Tomorrow mid sixties cooler lakeside. On the WGN Weather Center. I'm working Coke. Mayer these guys now It's 40 at Midway and 40 and clear at O'Hare this morning 32 in Aurora 46 at the lakefront. Now, your money on WGN. Global stock prices are mostly mixed this morning as investors look ahead to US data that they worry will show inflation is picking up. In London this morning. Markets have been moving further into the green up nearly a half a percent in Paris markets are up about a quarter of markets lower in Paris this morning higher in Frankfurt. In Asian trading, the Shanghai Composite Index is a half percent higher than Ikea tumbled nearly 1.5% in Hong Kong, the market was up nearly a percent Wall Street futures are down this morning. With Dow futures off more than 100 points. The European economy is set to bounce back strongly this year after the deep coronavirus, recession and member states are forecast to have recouped the ground they lost by the end of next year. In its latest forecast that you use Executive Commission significantly upgraded its predictions for economic growth. Fashion retailer L Brands is taking its Victoria Secret brand in a different direction, rather than the selling it Company says it received interest from potential buyers. But instead it is decided to make Victoria's secret and bath and body works into two separate companies. I'm Steve Britannic. John Chicago's very own. 7 20 w. G. N. J. Foreigner here, CEO of rocket mortgage and rocket companies. Last year we saw historically low mortgage interest rates. What you may not know is that interest rates are already starting to increase, and it's likely that trend is on Lee going to continue. Our team of experts is standing by to help you save before rates go up. Don't look back and wish that you had taken action. Call 8338 rocket or visit rocket.
"shanghai composite" Discussed on WTOP
"Visit America dot com slash licensing for cost information terms conditions, housing license in all states except New York and L s number 1168 Money News 25 55 with Joan Doniger. This is a Bloomberg money minute. Saletan can't out pedal demand. And while sales soared in the past year, with Jim's mostly closed and the company posting its first billion dollar, quarter and sales, it does expect profits to be squeezed because he can't get its connected exercise bikes and other equipment to all the people who want them. Pellet on blames West Coast port delays and covert related issues for it is dealing with the supply issue to the global shortage of chips. The company says it could cost some profit in the quarter ahead. It's already cutting shifts next week in a couple of plants that make the company's workhorse F 1 50 truck last quarter sales of the truck help drive profits. There is hope on Wall Street, the job market may be improving after first time jobless claims fell to levels last seen in November. Still high, though, 779,000 That was enough for records for the NASDAQ and SMP. Not the Dow, though even with a gain of 332 points, it was short. The NASDAQ Rose 167. Yes, and he did it on the gain of 52 from the Bloomberg News Room. I'm Joan Doniger on w T o P Tokyo Stocks Up 1.5% The Shanghai composite 1% higher Straight ahead here tonight on w T. O. P after traffic and weather the democratically controlled House votes to remove Georgia Republican Congresswoman Marjorie Taylor Greene from her committee's overpass statements about conspiracy theories and violence against Democrats. It's 10 26 You want coffee your way. That's why 7 11 offers a variety of milk, screamers and syrups. You can even top it off with Nixon's like mini marshmallows or cinnamon. So you can have what you want, even if that is all of the above. Is that what you want? Oh, we know because we are 7 11, and we might know you better than you know yourself. 7 11 always open sea 7 11 after participating US doors. Prescription drugs can save lives, but they don't do much good if people can't afford to buy them. Here's Prince George's County executive, Angela also broke Two years ago, the Maryland General Assembly created a prescription drug affordability board to lower the cost of expensive drugs. Here's Montgomery County executive Mark L. Rich last year after the affordability board got their research off to a great start. The Legislature passed the measure to fund the board's operations before ability board has bipartisan support, and it doesn't burden taxpayers get the governor unexpectedly veto the bill. Soon the Legislature will vote on whether to override that veto. Please call your legislators and ask them to support the boards Work to bring drug costs down. Call your legislators at 301858 3000. That's 301858.
"shanghai composite" Discussed on Bloomberg Radio New York
"Square face that one ruffles. The company also plans to add more than 200 job openings in Singapore with its new office expansion. The expansion will help by dense anchor itself in Singapore, where it plans to invest several billion dollars. 33 past there. Let's take you to Hong Kong. Brian Curtis is looking at markets and I'm looking at deflationary pressures on the wholesale level in China. Yes, people numbers coming in. Minus 2.1% for the month of September. Doug that's worse than the estimate of 1.8% very close to what we have last month in terms of consumer prices. CP I figure came in with a gain of 1.7%. It was a little bit lower than the estimate of 1.9%. And it was well down on the 2.4% we saw, so we'll take a look at some of the individual components in their pork and food and vegetables. And and all of that Thea other major item just in the last few minutes is the central bank PBOC added medium term funding to the financial system. PBOC added ¥500 billion in it's one year medium term lending facility and 200 billion of the funding that comes due on Friday. It left the rate on the funds unchanged at 2.95%. So we're just after 9 30 now so we can check. The opening price is on the Hong Kong and Chen Jen and Shanghai markets. The Shanghai Composite has moved up about two tents to see a side 300 about 3/10 of 1%. Jianxing index, though going, the other direction, really joining what we've seen throughout most of the region with some red numbers here off about two thirds of 1% and we've seen the Nikkei trade lower this morning down 3/10 of a percent of the Cosby Has been down a cz Muchas 1.1%, but at the moment it's trading off. About two thirds of 1%. The standout today is Australia, with the Sydney market Trading up about three quarters of 1%. A couple of quick notes calls from some of the major financial institutions. Dialogues says that Apple's pricing for its new iPhone models could prompt the brokerage to raise its second half shipment forecast and lift sentiment on supply chain stocks like Look share and home. Hi And Iowa has also revised its view on Hong Kong residential property prices. He might think going down, but this one's actually going up, but it's only up to flat from minus 8% year on year. And part of that is there was a pretty good performance at residents are in a state called the Via Farm. That's look at markets 35 minutes past the hour jewels to you. Thank you. Brian. Thailand has declared a state of emergency because of the protests in Bangkok. Let's get to San Francisco and headmaster with older globonews edge. Yeah, Julia, thank you Write that emergency call those tens of thousands of anti government protesters surrounded. The prime minister's office, demanding greater.
"shanghai composite" Discussed on WIBC 93.1FM
"This's a fox news alert campaign events cleared after the president has positive for the Corona virus. I'm Pam who so President Trump is supposed to hold a rally in Florida tonight, but he won't be going. The White House physician expects President Trump to carry out his duties while he quarantines and that he and the first lady you're doing well at this time. Republican Congressman Mark Greene, who's an e R doctor told Fox and Friends of President be knocked off the campaign trail. He will have, you know corn pain. Which will probably very difficult for our president. He's he's a go getter and action guys. The news of the president's diagnosis came after senior aide Hope Hicks tested positive for Corona virus. Fox's Rachel Sutherland, the White House says by his president, Mike Pence, and Treasury Secretary Steve Mnuchin have tested negative. Joe Biden is supposed to travel to Michigan today. It's unclear if he will. Democratic presidential nominee Joe Biden shared a stage with President Trump during Tuesday's debate. In August, The Biden campaign confirmed that both the former vice president and his running mate, Senator Kamala Harris, would be tested regularly for the virus socks is Tony Jay Powers. On the heels of the president's diagnosis. The latest jobs numbers, the Labor Department says just 661,000 jobs were created in September. That's far lower than expected. The uncertainty has down futures tumbling. There's you know, concerned, obviously about the election going forward in the markets, concern about whether the president can carry on his duties. We do know this morning he is goingto Carry on his duties. But there's concern over that in the markets here also markets around the globe selling off the DAX index, the big ones in Germany. DAX index also down the Shanghai Composite in China is down Edward Lawrence, with Fox Business Network, the unemployment rate dropping to 7.9% America's listening to Fox News like www. Mobile news on the level on the go best wishes from the VP. It's partly cloudy 41 downtown and Kurt Darling,.
Asian Stocks Mostly Up Ahead of Presidential Debate
"Asian stocks were mixed today after Wall Street recovered some of this month's losses as investors looked ahead to the debate this evening between President Trump and his challenger in the November election, Joe Biden. The Shanghai composite gaining 0.3% Hong Kong I retreated, Hank saying down a half percent Tokyo Nikkei edging higher that Cosby in Seoul advancing and Sidney was off slightly. The stock market here at home getting back some of its September losses. Slowly the SNP rising 1.6%. It followed up on it. First four week losing streak and more than a year, gaining 53 Monday to settle at 33 51 still down 4.2% for the month of the Dow was up for 10 or 1.5%, while the NASDAQ climbed 1.9%
Asian markets mixed after Wall Street rises on dealmaking
"Your money on W G N Global stock markets are mostly higher this morning after Wall Street rose yesterday. On a flurry of corporate deals in China's economic activity improved this morning in Europe. Markets are up in London, Paris and in Frankfurt by nearly a percent in London, more than a half a percent in Paris. Asian stocks, mostly end of the day, with gains to the Shanghai composite gained a half a percent. The Nikkei in Tokyo fell nearly a half a percent. The Hang sang in Hong Kong added nearly a half percent. Wall Street futures are up this morning as well down futures are up about 190 points. S and P and NASDAQ futures up anywhere from three quarters of a percent UA full percent.
"shanghai composite" Discussed on 860AM The Answer
"Income from sales from come from the globally opening of the economy. We have to get Sales numbers are going to be bad the profit numbers for the second quarter. Everybody has written that often they might come in better than what everybody thought because everyone said, Oh, they're not going to be down 45% profits. They come down on Lee down 39% of ribs and look how great it is. It's only down 39% instead of 45. Percent is down 39%. It's like, you know, people look at the look at how much the same has jumped up the people going through, say. It's still down, 75% airline traveled from last year, but it's up. We'll look at it on a monthly bust basis, It's up, 50% was down 90% so it went up from 10 to 20 and everything. Your look, it's doubled. No, it's hasn't double still down 75% from last year. We need to get the numbers and compare the numbers to end of last year beginning of this year, pre Virus instead of after virus numbers. That's but I think that could be, but I think the guidance is what we have to look for Energy stocks. Ah, the reopening stocks that I mentioned earlier where the big winners today they boosted Ah cruel of futures for rose 2.3%. Edward 40 55 a barrel technology and health care stocks. No word did not perform. They've been there is strong this year. But they were not as strong today. The reopening star Carnival Cruise Lines up 8.9%. United Airlines Up What about up again today? Another good stock. Be done jumped about 8% German biotech firm that joined with visor and saying, Hey, we're going to have a virus vaccine by the end of the year. That was also up about 6%. That's AH. Bio and tech and China, which is winning, you know, instead of us winning, China has been winning. There's the Shanghai Composite Index husband closed nearly 2% lower, but it's up 16.5% over eight straight sessions. 16 Apperson game in eight days of what we had seen. That's the biggest age, a percentage gain in the Shanghai market since March 2008. I think they're getting tired of winning there in China, perhaps seeking to avoid a repeat of the stock bubble in China, the Chinese authorities have signal concerns about over shooting with a straight the market, so they they're tryingto. Deflate the bubble there, But the financial stocks did well today. Back bank earnings will kick off next week. So what can we expect? Mike Money was a senior. McMahon was a senior bank analyst of Wells Fargo Doing interviews NBC. He shared his outlook and this one might have to say. The first quarter for the banks was earnings hell, and the second quarter is going to be worse, and one main reason is because of higher loan loss provision for several of the largest banks. The other reason is the impact of lower interest rates. This is probably going to be the worst quarter since the global financial crisis. We estimate earnings at the largest banks will be down by half. The good news, though, is we think this is as bad as it gets?.
Dow down as Thursday stock-market declines steepen
"And S and P 500. Both dropped lower today on Ly. The technology and consumer discretionary sectors were in the green. Putting the NASDAQ contract for another record close and overseas. China's stock market raised higher for the eighth day in a row to finish up 1.4%. China Shanghai composite is already up over 15% this month. On the day, the Dow was down 361 points to 25,760. S and P was down 17 and the NASDAQ was up 55 points. If you are
Episode 1 - 04:00 07-06-2020 04:00 - burst 1 - not agency
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Global markets are slumping for a fifth straight day on coronavirus fears
"AFN markets in Asian shares that were down today on growing fears that the spread of the corona virus may be unstoppable it's hurt global growth considerably European markets way down this morning to Japan's benchmark closing lower Australia dipped more than two percent South Korea down one percent Hong Kong's hang saying to the Shanghai composite here at home on Wall Street yesterday the S. and P. five hundred losing seven point six percent in the last four days since hitting a record high just Wednesday that's the benchmark index's worst such stretch since the end of twenty eighteen resulting in two point fourteen trillion dollars in losses now Tuesday also marked the first back to back three percent losses for the index since the summer of twenty fifteen Dr Leana Wen from George Washington University told CNBC faith in any government's ability to handle the coronavirus is key and that might not happen in some parts of
"shanghai composite" Discussed on Bloomberg Radio New York
"The world the forty Niners are going for their sixth Super Bowl victory the chiefs of trying to win the big game for the second time in team history in the National Basketball Association from top Chicago one twenty nine one oh two for their eleventh straight win Detroit down Dever one twenty one twenty three in overtime to halt the five game losing streak Milwaukee beat Phoenix one twenty nine one await used to defeat in New Orleans one seventy to one oh nine Brooklyn sky recurving will miss at least one week of action due to a sprained knee in the National Hockey League the penguin stated by the capitals for three the blue jackets beat the Canadians for three the hurricanes that the Canucks for three innocent out in tennis Novak Djokovic defeated Dominic teen in five sets to win the Aussie open six please there is no one seventeen career grand slam titles fourteen seed Soviet canon of the U. S. won the women's final for her first grand slam title in golf Webb Simpson defeated Tony female when he birdied the first hole of the playoff to win the Phoenix open I'm Donna page that you're Bloomberg NBC world sports update market headline and breaking news twenty four hours a day at Bloomberg dot com the Bloomberg business the Bloomberg business for at forty seven passed here let's get you caught up on market so this is the moment that we have been waiting for when Chinese equity markets come back online after an extended holiday the extension granted because or mandated because of the outbreak of the corona virus right now in showing how the composite index is down eight percent are there in the early moments of today's session we had been down by more than ninety percent there is a ten percent limit down for mainline equity market saw in China right now if you look at the the way the currency is behaving on shore this is the first day for the you want to trade and we are off about one point four percent against the greenback trading with a seven handle now against the dollar at seven five zero zero five four the dollar slightly stronger against the majors the end pulling in here by less than a tenth of one percent weaker at one OO eight fifty the Nikkei two twenty five is down about a percent and in Hong Kong the hang sang down just two tenths of one percent again sold the cost be weaker by three tenths of one percent and in Sydney the SX two hundred is down about one point two percent obviously we're keeping close tabs on the number of infections in China due to the number of coronavirus that numbers greater than seventeen thousand there have been at least three hundred sixty one reported deaths over the weekend importantly the PPO C. vowed to inject liquidity through our repose and they did so with about twenty one billion dollars worth of liquidity provided this perhaps has limited some of the other downside and if you look at the even the futures contracts for the American market the Dow the S. and P. five hundred nasdaq one hundred he minis are all pushing higher by at least five tenths of one percent in the bond market me turn the U. S. ten year treasury the Tokyo session is yielding one point five two percent so we've picked up just about two basis points in yield a lot of concern here about the degree to which a drop in demand for crude oil in China is going to continue to create weakness in that market WTI crude right now is it fifty one twenty five so we're down about six tenths of one percent all right that's markets global news next adventures in the bluebird nine sixty newsroom in San Francisco ready all right Douglas thank you Chinese health officials introducing additional precautions regarding the corona virus and it is finished it's one thousand bed hospital in to treating the virus victims Hong Kong says prepare for what they call a community outbreak of the corona virus as there are several cases the can't track back to their previous contacts of foreign Australia Australian foreign minister Marie's Payne says a chartered plane with two hundred forty three permanent residence has left Wuhan bound for Australia and sing tiles reporting that Hong Kong is mulling ways to limit people entering China LD people the policy tree for me okay shoulda telling an H. K. the corona virus will affect Japan's economy by hurting tourism and chief cabinet secretary issued a soda saying five people refused entry to Japan on the virus because of the virus on February first the first reported death from corona virus virus outside of China a man on the Philippines all right U. S. politics busy busy week tomorrow Iowa caucus final arguments in the trump impeachment trial as well Tuesday state of the union Wednesday impeachment vote Friday democratic debate UK prime minister Boris Johnson says he will not talk trade with the E. U. if it doesn't totally respect Britain's sovereignty and south one the police have shot dead a man after London stabbing incident police say was a terrorism related incidents are we're about two minutes left to go in the Superbowl Kansas city has regained the lead up twenty four to twenty so it's going to be a bang bang finish forty nine to get the ball in San Francisco I'm at Baxter art let's get back to you guys Juliet thank you so much and we are joined from Hong Kong now by polls and do head of multi asset consolations and client advisory at B. and P. power by asset management of course I've seen a lot of recent market volatility of poll and it said the latest with the corona virus has that shifted your investment strategies it'll hello thanks for having me so the corona viruses definitely cause a bit of an up tick in and volatility especially in Asia and and also across the globe but going into this into this new event we were we were having this re balancing of were our strategies from develop markets into perhaps emerging markets and and specifically Asian markets and this volatility does bring some opportunities as well right so we've seen the market decline quite a bit and over the next few months what we're going to see is for their spikes downward and and that's going to create some good opportunities to do a little bit more global diversification which is what we're going to be looking for in two thousand twenty so if you help me understand exactly what that means sure sold going you know it didn't help me understand I'm gonna quickly go back even even further right so the two thousand a financial crisis the growth you'd be coming off of the two thousand eight financial crisis there has been significant and because of the the two thousand sixteen changing in politics and the regulation of the coloring of that so it was very difficult or I could I could put it this way with the wrong answer to be a globally diversified because the the U. S. market in particular but develop markets also were where the place to be but going into two thousand twenty and then towards the end of two thousand nineteen we saw a lot more volatility come up and so on a risk adjusted basis the global market became a little bit more balanced so this is the right time to shift from more concentrated strategy to a more diversified strategies and where do we get that diversification the the correlation between bond and equity is quite high so out the cost of the diversification is not the most effective way to get the diversification the actual most effective way to get the diversification that were looking for is across markets and that supported by this view globalization after right so we have to we have to bifurcate or or or or separate between how countries are interacting with one another with respect to trade and supply lines and policy versus how how the markets are interacting with one another and in terms of fun flow rate as the as the latter becomes more be globalized for more you know cut off what happens up happening is you get more of a benefit to go across market and invest so what we're telling investors is whatever your home currency is see seek diversification across the across borders and gets more global diversification pulled resignation always a good strategy you mentioned there about yields though and of course last week we saw that invasion of the three month ten year for the first time in several months how much longer do you see government bold yields he is staying law so it is a let's talk about kind of the inverted real Curtis and or the slope Yoker pretzel what that really means is that investors see more near term turbulence versus long term turbulence right so they want to get paid more near term because they see you they see risk happening and so the answer answer to that question is because of because of some of the near term risks that we're seeing and you know I could talk about some of them for example this this virus that has taken hold or the US elections coming up investors are going to be looking to put on more longer term strategies and we actually we actually see that in the volatility implied volatility curves so for example investors are utilizing short term protection so put strategies to cover that in the short term market risk but on the longer side we see less about protection being put in place meaning that on a long term basis investors are a little bit more confident than on a short term basis they really want to cover those downs the downside I don't do you not see the risk of there being kind of bubble like conditions in both bond markets and in global equity markets certain developed global equity markets so I think that so with it we're we're seeing it is the fundamentals are still sound like even an age of the fundamentals are getting better right so the so you know X. X. the virus X. some of this again this near term volatility the it didn't move still applies for a global diversification right so we're so we still are buying dips in the US market and we will be over the next few months our current stance is is this reallocating some two to Asia in particular as as the ball to the kind of Wayne's so we do believe that the fundamentals are better now and the concern of a global meltdown or global bubble forming has waned a little bit going into two thousand twenty just based off of the the fundamentals and and again off of what the IMF has said well the last few months as well so you looking kind of I guess positively here and you've mentioned as well the K. to diversify but it's very quickly Gemini contrarian views for twenty twenty so I'll contrarian views or or are you just are just that I think that Asia we are very bullish on on Asia and and getting more bullish we we do see with volatility comes opportunity so we're going to be looking for markets that have exhibited volatility to see if we can find opportunities there in terms of in terms of the the the bond market we're we're moving towards locales that of hard.
The Latest: Israeli PM gives Trump all credit for airstrike
"News that General Qassem soleil money head of Iran's Elise cuts force was killed in an attack at the Baghdad International Airport prompted expectations of Iranian retaliation against US and Israeli targets the Shanghai composite index shed zero point three percent and Hong Kong's hang sang lost zero point two percent Taiwan and Singapore also declined markets in Malaysia and Indonesia both or produces gained there was no immediate indication how Iran would respond to slay money stuff but to run has he's oil tankers and shot down a U. S. military drone I'm sorry I Sheckley
Dow down 17 points as Nasdaq and S&P edge into positive territory
"Desk Dow futures are down seventeen points nasdaq futures down six and three quarters points and S. and P. five hundred futures down two and a quarter and comes to the European markets seeking things go down today the footsie down seven points dax down sixteen point Asian markets here in their Nikkei is up seventy six points the hang sang is down three points in Shanghai composite up two
China's industrial profits post steepest fall in 8 months
"Guest host is berry nap. He's director of research at ironsides macroeconomics. We have have some new data coming in overnight. And that's really what Barry was looking at some of the new data coming out of China prophets at China's industrial firms shrinking at their fastest pace in eight months in October. That's down nearly ten percent which tracks continued drops and producer prices and exports over the same period. Officials are partly blaming the ongoing U. S. China China trade war. So you call it. Yeah no that's I mean that's been the story I've been deriving same data basically out of the Shanghai composite and you've seen earnings growth go from thirteen percent before the trade war started in the middle of eighteen to negative four percent so this is in China. China sales growth is decelerating from nine to five. But if you think about that mix it means margins are getting absolutely crushed and you know when you talk about. WHO's absorbing tariffs tariffs? It's pretty clear when you look at profits and revenues and margins and Chinese state-owned enterprises that they really are absorbing these tariffs and so they definitely need a tot to try and take the pressure off the export sector because in addition to that any investment that they've had going on in the last year or so no has gone to the state owned enterprises they've been trying to stimulate the private sector having no success with it in part because the banking system is a mess in big banks won't lend a small banks so this issues that existed before the trade world. Oh absolutely they were actually trying to reform and de emphasize the role of the state owned enterprises but once a trade war more started in the export sector came under pressure. They had no choice but to try and pump money at the Sol's now the profit margins are getting crushed so they really do need things to settled down and no more no additional
"shanghai composite" Discussed on KCRW
"Shanghai composite in China closed down five point six percent this morning. The Dow Jones industrial average is down two hundred seventy three points. That is one percent. The S and P five hundred is down one point one percent. The NASDAQ down one point two percent ten year. Treasury yield is two point four nine percent. Digital cryptocurrencies like bitcoin. There are thousands of them the IMF and the World Bank are launching one P Morgan has one and now Facebook is working on one two. According to the Wall Street Journal Facebook is obviously late to the party here. But it could still make quite the entrance. Marketplace's been Bradford reports the point of digital currency like bitcoin is that it's decentralized and not controlled by any one entity room Morales at the firm outline ventures thinks Facebook's coin will probably look more like casino having township in the house. Facebook is the casino and users of its apps like Instagram and WhatsApp can pay each other or retailers using the company's currency Mike Alfred at digital assets. Data says those existing platforms give Facebook an edge over other crypto currencies possibly even some foreign financial institutions using the Facebook coin would actually be a more stable place for a lot of people around the world to store their own money and also to do transactions and. Y you professor David your MAC goes a step farther. You think about how many people are citizens of Facebook Manders two and a half billion people, and they could really become a serious rival to the Federal Reserve. And if all those people, adopt Facebook's coin could reward, the company with a whole lot of the currency, Facebook values, most user data. I'm Ben.
"shanghai composite" Discussed on Bloomberg Radio New York
"Nine thirty AM in Hong Kong also in Beijing where I am now. And I'm Kathleen Hayes, and I'm Doug krizner at Bloomberg interactive brokers studio in New York, so yes, Kathleen, we do have the market on the mainland up and running and the Shanghai composite is up about three tenths of one percent. Similar gain for the hang sang. In Hong Kong. We've got no trading today. As a matter of fact for the entire week in Tokyo. We'll talk more about markets in a moment when we check in with Bryan Curtis right now, Kathleen, and I wanna get you caught up on this hour's top business stories the tip top story big round of U S, China trade talks coming right up with US trade rep, Robert lighthizer and Treasury Secretary Steven Mnuchin heading to Beijing. Unfortunately, I'm not meeting them for lunch. They are going to be busy with meetings mid week. The two sides are currently hoping to agree on a deal, President Trump and China's leader she Shing pink, consign in a face to face meeting may time. Former US Treasury Secretary, Tim Geithner says the debt. Decade-long US expansion still has legs. This has been a very modest recovery. And it comes after a savage downturn which made people very cautious and the foundations of this expansion are more stable than is true for many fast expansions. So it's true that with some modest look and without with as long as people make some dumb mistakes, this this expensive could go on that has guide near speaking earlier on C N N's Farid Sakaria GPS Boeing will hold its annual shareholder meeting in Chicago tomorrow and CEO, Dennis Muilenburg is pretty certain to take some heat. The planemaker continues to deal with problems with the seven thirty seven max following to fail crashes. We've learned Boeing didn't tell Southwest Airlines that a standard safety feature had been deactivated until after the lion aircrash and south west didn't learn until later that the feature had been moved to a separate display, and it was only available for an extra fee. Be in Hong Kong, the banking sector is seeing a spurt of hiring as newly licensed virtual banks snap up talent. We have more from Bloomberg's David Ingles. It's virtual banking, but the jobs are real for newly licensed ventures expect to hire two hundred people in the coming months, that's double their existing headcount. The Hong Kong Monetary authority expects, the banks to offer retail and commercial services within nine months and the authority is processing for more applications, but finding the right skill set may actually be tough. Simon loan is the founder of one of the license holders. And he says there's simply a lack of fintech talent. In Hong Kong. So suffice to say the hunt is on both here and globally in Hong Kong. I'm David Ingles. Bloomberg daybreak Asia. All right for a close up look at what's happening in financial markets as our Asian trading day and week it's underway. Let's get back to Bloomberg's Bryan Curtis. What's on your radar screen? Kathleen. Thanks very much. Well, it's positive day in the Asia Pacific. Every market is higher with the exception of Australia. The sex is off three tenths of a percent. But all these other markets Taiwan Singapore, the markets that Doug just mentioned acting dixies now up three tenths of a percent China markets up about one tenth of resent. We just had this story move in the last ten minutes. And well, it seems like something that happens all the time. I it is taking a little bit of the shine off of off of these great numbers in this is that the US and China still face significant unresolved issues over trade, according to a senior administration official now if it says the possibility remains that President Trump will walk away from the negotiating table, if he isn't satisfied without talks progressing now has mentioned this type of comment that we always get when these talks come in. But now that we're talking about it. We may see a little bit more in terms of hedges come into play because these these markets in Hong Kong China looked like they'd be up about a half percent. Now, they're more in the one tenth of percent to about a quarter of a percent BYU gained about a five percent in Hong Kong trading after its four four first quarter results and Bank, which is has come out with its earnings. First of the big banks got a slew more coming today up about three tenths of one percent. In terms of some other action that dollars a little bit stronger, but less than a tenth of a percent dollar yen one eleven sixty three very little change the yield on the ten year not moving today because no no trading in Tokyo. So we're at two point four nine percent and all has picked up a little bit still down a third of a percent sixty three o eight a barrel and Kathleen back to you. Well, thank you so much Bryan Curtis will get back to you later. But for now, we're going to take a look at the global news senior on North Korean leaders meeting to try and decide how to proceed under US sanctions. Ed Baxter has global news in the Bloomberg nine sixty San Francisco newsroom. Ed, Kathleen, pretty cool. Beijing to San Francisco Iran's foreign minister Javad Zarif on CBS says nobody wants war, but that the US is creating situations where mistakes can happen. He says the president cannot be trusted. We have hundred and fifty pages of campany negotiate agreement a monkey lateral agreement endorsed by the Security Council, but the United States is a permanent member. So if if the United States does not respect that what would respect he says Iran North have much in common Spain's governing center left socialists, have won the country's election. But Bloomberg's Charles panty in. Madrid says the job is not over very impressive result, full, the socialist policy. Prime minister Peres punches has to go out that and seal some some packs with other with other NATO forces Senate, he can kill them. Meanwhile, far right party road and unprecedented. Surge of support to enter lower house of parliament for the first time in four decades. US Republican Senator Lindsey Graham has calling on the president to put more sanctions on Russia is a big deal. It's not just a few Facebook ads. They were very successful in pitting one American against the other joined the twenty sixteen campaign, by manipulating social media. He says on CBS is not about party. It's about election integrity. Sri Lankan Catholic celebrated mass via TV over the weekend. In their homes, Catholic churches closing their doors for fear of more violence. Meanwhile, Muslim women have been ordered to stop wearing veils in public violence at a Jewish synagogue over the weekend just outside San Diego one person killed three others injured. US Senator Chuck Schumer. We must we must be thinking of more ways to stay. Stop the spread of this hate and protect all houses of worship. And of course, the need to address gun violence is greater than ever before the president saying it's a tragedy and says appears to be a hate crime construction crane fell off a building on new Google campus in Seattle into the street below over the weekend. Four people died mayor is Jenny Durkan as many of you.
"shanghai composite" Discussed on Bloomberg Radio New York
"The Nikkei up to and tenths of Chinese has not fair inquires as well. The Shanghai composite down one and four tenths percent with three hundred also fooling more than upset. Meanwhile, the Cosby being went down way down a bit by a profit warning from Samsung, it's currently up just a modest two tenths of a percent in Seoul, US futures. Meanwhile, pointing to higher open their US treasury yields edging higher this morning, of course, over the last two days we've seen ten year rates dropped below those on the three month Bill, but currently we're seeing the ten year up three basis points at two point four three percent. Ten year. JJ means. While down two basis points at one hundred one point seven percent in currencies sentiment turning more risk on today. So the yen lower by two tenths percent at the moment. Trading at one hundred and ten against the greenback. The dollar meanwhile up one tenth of a percent on the other hand sterling slightly lower. After Britain's parliament to control of the Brexit process. Lawmakers tomorrow holding a series of votes on options, including a second referendum or maybe even cancelling it finally oil advancing for the first time in four days amid rising tensions in Venezuela. Giving some concerns too. Crude supply WTI crude up six tenths of a percent at fifty nine dollars a barrel. Bloomberg business flash. Now, here's Dan guarantee with more on what's going on around the world. Thank you. Sandra? The lights are coming back on after Venezuela's second major power outage this month. That's according to the nation's information minister, he laid blame for the blackout on an opposition attack on the power grid. This is just ten days after Venezuela managed to restore power following a weekend outage, the American lawyer. He's best known for representing adult full mattress. Stormy Daniels and lawsuits against President Trump has been arrested Michael Abernathy faces charges that he tried to exhort as much as twenty five million dollars from Nike by threatening the company with bad publicity. He's also accused of embezzling clients money to pay his own expenses but insists he's confident he'll be exonerated and finally carbon emissions from fossil fuel hits a record high last year after energy demand grew at its fosters pace in a decade, the US. Boosted the use of oil as China and India burned more coal these latest findings from the International Energy Agency, Marcus setback for efforts to curb global warming. Global news twenty four hours a day on Aaron at take talk on Twitter, powered by more than twenty seven hundred journalists and analysts symbol them. One hundred twenty countries, I'm young guarantee. This is Bloomberg Sebastian back to our top story. Then MP's in the UK have voted to give parliament more control over the Brexit process is to the right three hundred and twenty nine. Three hundred. Dramatic gasps as those results were announced that read means that it's going to be serious votes. Tomorrow on the next possible Brexit steps that are potentially includes no deal a customs union a second referendum or even cancelling Brexit altogether. Labour leader, Jeremy Corbyn says the government must take the process seriously. We do not know.
European Stocks Reach Five-Month High in Broad-Based Rally
"Digits for the Dow are facing pressure fleet third straight session, Edmund Boeing seven thirty-seven max, eight problems, let the S and P five hundred and the NASDAQ futures edging marginally higher despite persistent global growth concerns tight the UK's exit from the European Union and signs of slowing global growth. Dow Jones industrial average futures falling zero point three percent twenty five thousand six hundred thirty group while those for the S and P five hundred index adding about zero point three percent, the twenty eight hundred NASDAQ one hundred futures advancing zero point four percent at seven thousand two hundred and sixty three Asian markets closing with Japan's Nikkei eighteen twenty five losing one percent on conversating index straightening zero point represent and China's Shanghai composite index retreating one point one percent. European stocks are edging higher with the stock. You're paying six hundred rising zero point two percent.
Asian shares rally after EU agrees to change Brexit deal
"Agents don's rallying following strong gains on Wall Street as snapped by days of losses. Investors may also have been wounded by increased optimism of a Brixton vote in the British parliament later in the day after Prime Minister, Theresa may one last minute concessions from the European Union on these so-called Irish Bank. Stop Japan's Nikkei gained one point nine percent. In Hong Kong's. Hang Shing index rising one point four percent on the Chinese mainland. Shanghai composite index advancing one point five percent while the smaller kept Shanxi and composite rising. One point seven percent. South Korea's nudging up zero point nine percent in Australia's SNP inching up zero point three percent. Among individual stocks surging in Tokyo trading as did Nintendo Sony n Fast Retailing Telkom at China Mobile and gained in Hong Kong while Samsung rising in Korea.
"shanghai composite" Discussed on Bloomberg Radio New York
"The APEC region right now in Tokyo, the Nikkei is up about one point eight percent. Nearly we had some positivity in the state stateside, that's given some decent tailwinds here. But the yen is pulled in a bit during the overnight session here. We are one eleven forty two against the dollar right now. Shanghai composite is up nearly one and a half percent. Let's get you there. Checking with Alan one. He's looking at the rally that's underway. Good morning, Allah. Good morning. That's idea the rally in New York is easier and in Shanghai. You've got companies like perfect world up on eight percents as well. Doctors are biggest gaining sectors are the material and industrial companies. Speculation is going to continue to stimulate growth and extend couple market reforms. Oddly, conscience, sunny, heavy up more than three percent. As intelligence reports that China may launch do plans to boost infrastructure development, also helping boosting supplement is MCI's decision to expand a waiting of titles Sears in his index, which has led to a quadrupling of equity flows over the past week back to you. All right. Thanks to Bloomberg's Allen one. In Hong Kong. Hang sang is up. One point two percent in Seoul, the kospi better by nearly eight tenths of one percent. And in Sydney, the ASX two hundred is higher by three tenths of one percent. Got a rally in sterling but thirty two eighteen onward. There have been some changes to the Brexit deal. We'll have.
"shanghai composite" Discussed on Bloomberg Radio New York
"Now, we are told one of the new ones the company is working on is a clam shell like device. Similar to always make ten and shares in San Rio are trading up by more than ten percent in the Tokyo session on the company is teaming with new line cinema and Flynn picture to create an English language. Hello kitty film for a global audience. We check markets every fifteen minutes here on Bloomberg the end slightly stronger at one eleven seventy six the Nikkei down six tenths of one percent. In Hong Kong. The hang sang better by two tenths of one percent. Shanghai composite is up more than three tenths of one percent in Sydney, the ASX two hundred is better by six tenths of one percent. Although in Seoul, the kospi is down three tenths of one percent. And the US ten year treasury in the Tokyo session with a yield of two point seven zero percent. 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 is Bloomberg. Targeting Coles reported solid earnings today. Coles has seen its customer traffic increased. Thanks to a partnership that allow shoppers to return Amazon items in its stores and target has regained its footing by remodeling stores, including new private brands and expanding online delivery service and June for more on retail. Bloomberg's Alix steel and David Westin spoke with Joe grow Mak. Former chairman of to me and former CEO of Brooks brothers and Kim call he forest a fort Pitt capital. Well, I think that both target and Kohl's got off to the season with a very fast start. They took advantage of Toys R Us and babies R Us going out of business. So they're toyed presentations were really quite strong. They both had talked about the fact that the toy business was great for them and the baby business early on was good that brought traffic into the store. So they got momentum quickly and it really went right through the season as a season move into December late December got more difficult for most retailers. Remember we. Had the governments to slow down at that point out or shut down and interest rates were going up and the market was going down. So all the indicators were negative and suddenly because of because of the momentum that those two retailers had they managed to keep that momentum going, and they're also value priced. So so all of that worked for them. The choice was only going to go out of business one. That's right. Is that the next time or on the other hand is a possible is you have other retailers particularly department stores going out of the business made there'd be future toys R as well. There will be future toys R us is for sure. But I think you're building off of what you've already done. So now, they're a headquarters for toys at Christmas time. So that customer will return next year. It'll be more difficult. It won't all be incremental. But but I believe that Dylan that business for a while. So it's like the conversation, eight months and months ago was margins retailers any good margins because they had to spend all this money. That's true. But we don't care now for like a Kohl's and target. Why? Why is that? Colton target continued to reinvest in business. So they're they're upgrading their stores. They're focused on digital and digital is expensive. They're doing all the right things. They are and neither one of them wanna turn into another series. So they have to keep doing what they're doing in order to to maintain credibility with the consumer. And they're both really driven by the consumer at this point in time. So one of the things that I'm curious about is is this a further indication of the death of them. All well, I think shopping is more intentional a millennial kind of phrase and really Amazon is a shadow over the whole retail complex, right because they showed us there is a different way to shop. And we like it and companies like Coles and probably more in this case target or showing us that however, you wanna shop they're going to facilitate that and that could mean direct here door, it could mean by online and pick up or could mean going into a store, and I think that that's the strength of what target has an oddly Amazon has. Has to build that out because they don't have much of a brick and mortar presence and Kohl's probably the best solution for them. To have some sort of presence. It's nice that you can return things through calls, and that helps Kohl's incrementally. But I want to have more of a brand presence. So to that point. There's a great article in internal that talked about potentially Amazon kind of taking stock and certain malls. Their presence in terms of the grocery business. I mean is Amazon going to save the retail real estate. But I don't think that that's going to be the case. I think if you look at soft good retailers in the malls. They've had the toughest time. So the specialty retailers and the department stores, which are not as value prices. The targets and the Kohl's Kohl's and target. Also now have many proprietary brands and they keep adding to those like target is adding swimwear intimate apparel active where Kohl's has a few new launches coming up of brands. So they're being very competitive and really taking that business from the mall retailers like the specialty retailers now what's going in their food other kinds of things Amazon in books, and in some other locations are doing different things. But the the great malls are doing, well, it's the this indeed malls that have closed and they're being repurpose into offices and health clubs and things of that nature. Kim come back to margins at Alex raised earlier as you see these brands like. Vineyard vines going into some of these larger department stores does that put more pressure the branch because I assume you have to pay more than the the retailer has been more to get access to those brands. Well, I yes, I I agree with that. But I also want to highlight that target is making its own brands. And ideally as a as a vendor of anything you want to have your own brand and sell those hot brands of somebody else's, right? So you'll give a little bit. But once you get them in the store, you're going to have comparable products are products that go along with that purchase and you'll make it up on your store brand. And I think that something that Amazon really wants to do and has not necessarily proven. It can do is create its own brands. That was Joe Gromit. Former Toomey chairman and Kim Coney.
"shanghai composite" Discussed on Bloomberg Radio New York
"This is a Bloomberg business flash. I'm Doug krizner, and this is the Bloomberg business flash. With about a half hour to go in today's session. Very much got risk on. But we're well off the best levels of the day the day began with kind of carry through from what we had overnight. Shanghai composite was up more than five and a half percent onward, President Trump postponed the date for boosting tariffs on Chinese imports. And we had a short while ago. A tweet from the president saying that trade deal with China is in advanced stages. Nonetheless, well, off the best levels of the session with the Dow up about three tenths of one percent right now S and P five hundred better by two tenths NASDAQ composite higher by one half of one percent. President was also tweeting about crude oil. He indicated that prices basically are too high. He urged OPEC to relax and take it easy right now in the electron accession WTI down three and a quarter percent. We're at fifty five forty long term interest rates backing up about do basis points where you look at the ten year treasury where to sixty seven gene shares holding onto a gain of roughly eight percent. The companies agreed to sell its bio pharma business for twenty one point four billion Newmont Mining receiving a hostile takeover bid from its Canadian rival Barrick Gold and sprint is planning to launch commercial five G services in nine cities in the states in the first half of the year. I'm Doug krizner that is the Bloomberg business flash. And.
"shanghai composite" Discussed on KQED Radio
"And technology matters key, litigation and complex financial transactions for companies in the bay area and beyond Sheppard Mullin. We put clients first lots of rain today, especially this afternoon. The rain could be heavy at times expecting highs today from the mid to upper fifties. A news update from NPR. Now, then Brian will be back with more news live from NPR news in Washington. I'm Dave Mattingly stock markets in Asia and Europe reacted positively today after President Trump decided to delay implementing higher US tariffs on two hundred billion dollars worth of Chinese imports. NPR's rob Schmitz says China Shanghai composite. Gained more than five percent. President Trump announced over Twitter that he's delaying his own March first deadline citing what he called substantial progress in trade talks with China and important structural issues. Assuming both sides continue to make progress he said they will plan a summit with China's president Xi Jinping at mar-a-lago to conclude an agreement. Stocks are higher in early trading on. Wall street. The Dow is up one hundred thirty one points. President Trump is traveling to Vietnam today for this week's nuclear summit in Hanoi. With North Korean leader, Kim Jong UN they first met eight months ago in Singapore, are NBA singer R Kelly is due in court today in Chicago on ten counts of aggravated sexual abuse Monica Inc. Member station WBZ says a grand jury indictment unsealed Friday charges. Kelly Kelly's accused of abusing four different women three who are under seventeen at the time over the weekend. Cook County judge set his bail at a million dollars the singer was acquitted of child pornography charges based on a video about a decade ago. But prosecutors say today they've got a different video and DNA evidence that links Kelly to at least two victims. This is NPR news from Washington from K Q news, I'm Brian watt. Black Panther one some Oscars last night and the blues act fantastic. Nick Rideau recently took home its second Grammy. So oakland's. Black culture is sticking in the national spotlight. Even as the town's black population continues to shrink due to rising housing costs and gentrification Sarah Husseini reports from a weekend event meant to unite the area's African American community..
"shanghai composite" Discussed on Bloomberg Radio New York
"We're live in the Bloomberg interactive brokers studio, President Trump says he will extend a deadline to raise tariffs on Chinese goods beyond this week. He cited substantial progress in the latest round of talks guy tell you that whole relationship has been outstanding. We put ourselves into a position of strength. But China's been terrific we want to make. Meantime, the yawn rose to its strongest level since July of two thousand eighteen the onshore currency strengthen zero point four percent and China also hailed progress in last week's talks, but later XInhua news agency said that they were new uncertainties in US China discussions. It did not say what constituted these new uncertainties in terms of analysts. Will they welcomed? President Trump's decision to delay the tariffs. But said it doesn't signal the end of economic stability between the two sides in other news, Warren Buffett says he's hoping for an elephant sized acquisition. That's as is cash pile at Berkshire Hathaway rose to one hundred twelve billion dollars. Berkshire-hathaway also posted his biggest ever quarterly loss that was due to a change in accounting rules, though, operating earnings surge more than seventy percent. And a possible takeover fight coming to the mining business. We're hearing that candidates Barrick Gold has amassed a small stake in Colorado based in Newport mining and it's also warning that it plans to propose changes to new months. Bylaws Newmont CEO says barracks. Move is desperate. All right. Let's take a look at the markets. China's CSI three hundred has entered a bull market trading up today. Three point six percent. Shanghai composite is up three point three two percent. The Hang Seng index is up about a quarter of a percent. And then he case up about a half of a percent. Global news twenty four hours a day live in tick tock on Twitter, powered by twenty seven hundred journalists and analysts one hundred twenty countries in on Kong. I'm Bryan Curtis. This is Bloomberg broadcasting live.
"shanghai composite" Discussed on Bloomberg Radio New York
"Of the year. I'm Evan Haning. Bryan Curtis in Hong Kong. First, let's get you. This hour's top business stories and the markets. Asian stocks have kicked off the week on a cautious note ahead of U S, China trade talks, but the China markets have moved higher and we'll have details coming up. President Trump is said to be preparing a series of executive orders to increase your strength in next generation technologies to just five G, wireless and artificial intelligence. The Wall Street Journal says the orders could include ways to leverage the federal government's own resources trial of Malaysia's, former leader Razaaq for his role in the one MD scandal gets underway. Tomorrow. Bloomberg's Rishaad Salamat has more now faces forty two counts of corruption and money laundering charges. Every one MD beat the charges offer a window into the complex web of transactions that involved about four and a half billion dollars of allegedly misappropriated funds. Najeib has pleaded not guilty is latest catchphrases. Why be ashamed? Judges have also been leveled golden. And sacks in its first ever criminal case as one leading academic put it it's likely to be the mother of all legal battles in Malaysian history. The International Monetary Fund is worried about the economic impact of Brexit. Christine Lagarde is the IMF managing director ends. Well, whether there is a small. By custom unions as pretty catered by some or whether it's as a result of a brutal exit on March twenty nine without extension of notice. It's not going to be as good as it is not let's take a look at the markets. Anchoring index is up a quarter of one percent with a gain of sixty three points. Ten cent is up. One point two percent round. The rest of the region in Tokyo is closed for a national holiday. Shanghai composite is up eight tenths of one percent. The CSI three hundred in China is up one point three percent. Global news twenty four hours a day live in a tick talk on Twitter, powered by twenty seven hundred journalists and analysts, you know, one hundred twenty countries in Hong Kong, I'm Bryan Curtis. This is Bloomberg..
"shanghai composite" Discussed on Bloomberg Radio New York
"Or forty-seven past the hour. Let's get you caught up on market action. The Nikkei has now turned negative some of this may be due to a stronger yen where the dollar is concerned one. Oh, eight seventy seven in yen vis-a-vis, the US currency decay to twenty-five off about one tenth of one percent. No more lower by about four percent right now. This after the Japanese brokerage posted its largest quarterly loss in nearly a decade. The jobless rate in Japan unexpectedly fell in December. We were at a rate of two point four percent. The median estimate was looking for two point five kind of underscores the tight labor market in Japan one that policymakers are waiting onto fuel not only higher wages, but an uptick in inflation as well. It's the last trading day before we begin the a week long at noon or lunar. New year holiday at least on the mainland in Taiwan, although three day holiday in both Hong Kong and Seoul on the mainland right now. Shanghai composite is a head four tenths of one percent. Hang sang up a little more than one tenth of one percent. In Seoul, the kospi better by about two tenths of one percent. South Korean exports were down five point eight percent in January their second straight monthly decline and consumer prices in South Korea rising eight tenths of one percent. That was well below the estimate a street was looking for one point three percent pickup in Sydney right now. ASX two hundred weaker by about one tenth of one percent. We've got the US employment report tomorrow right now e mini futures for the American market weaker by anywhere from three tenths to six tenths of one percent. And the US ten year treasury in the Tokyo session with a yield of two point six three percent. That's markets. Global news now, let's get to Ed Baxter in the Bloomberg nine sixty newsroom. Ed. All right. Douglas, US President Donald Trump says he's very close to announcing the exact date and location of a second summit with Kim Jong UN he is saying the.
Dow set to jump 200 points, boosted by Boeing and Apple earnings
"US. Futures. Indicating a firmer start for Wall Street led by the sector of as shares of apple and Advanced Micro Devices climbed in pre market action after earnings reports, this is as investors are bracing for more quarterly results from names like McDonalds and Boeing company along with the outcome late Federal Reserve a meeting and the start of U S, China trade talks Dow Jones industrial average futures rising zero point four percent twenty four thousand three hundred forty while the S and P five hundred index is up zero point three percent. A two thousand six hundred forty seven while NASDAQ one hundred futures climbing zero point eight percent six thousand six hundred and ninety in Tuesday straight. The Dow rose zero point two percent while the s&p five prejudice Lindsey zero point two percent. And the NASDAQ composite index fell zero point eight percent stock markets in Asia finishing mix with the Shanghai composite index dropping zero point seven percent in Hong Kong tasting index.
Stocks close mostly lower on big day for earnings
"Stocks struggling for direction is investor looking over a fresh batch of earnings reports and awaiting clarity from a Federal Reserve on its monetary policy plans developments on US, China trade are also on the radar. Dow Jones industrial average rising zero point two percent. Twenty four thousand five hundred seventy six or the S and P five hundred index edging down zero point one percent in two thousand six hundred and forty two NASDAQ composite index falling zero point two percent seven thousand and seventy on Monday. The Dow two hundred eighty nine points in it twenty four thousand five hundred twenty eight while the S and P five hundred index. They'll twenty one point at two thousand six hundred forty three NASDAQ composite index dropped seventy nine points to finish in seven thousand in eighty-five stock markets in Asia closing mostly lower with his Shanghai composite index today's zero point one percent higher while Hong Kong's Hang Seng index falling zero point two percent and Japan's Nikkei two twenty five index gaining one percent.
Tesla shares slide after downgrade by RBC
"With markets and more from his talk news do Baldwin chairs of Kimberly Clark is down two point four percent for the consumer goods company posted a fourth-quarter earnings miss Tesla's. Shares are under pressure today after our BC downgraded the stock to underperform to outperform while cutting its price target to two hundred and forty five dollars and ninety dollars a share. The stock is down one point nine percent. Shares of Comcast corporations are up by point three percent after the internet service provider exceeded analysts expectations for profit and sales. Abbot laboratories thoughts is down one point two percent. After the firm fourth quarter revenue fell short of expectations Asian markets. Trading. Mostly plant with Japan's Nikkei index closing zero point one percent lower. While Hong Kong's Hang shink index is virtually unchanged and the Shanghai composite index rising less than zero point one percent. This is is talk news.
"shanghai composite" Discussed on KCRW
"The Shanghai composite index closed up five tenths of a percent. After that GDP. The footsie London is up at tenth of a percent. US? Markets are closed for Martin Luther King JR. Martin Luther King junior day generations of Americans have struggled with debt. You can add millennials to the west Americans aged eighteen to thirty four are carrying on average as much debt as their baby boomer parents. In fact, a full ten percent of them expect to die in debt. Janet Bavin explains. They came of age Justice pensions became quaint, many found their first full jobs in the backdrop of the great recession. It's no wonder that a recent northwestern mutual study found that one in ten millennials expects to be in debt for the rest of their lives says, Emily Holbrooke director of planning at northwestern, mutual millennials aren't necessarily seeing kind of a light at the end of the tunnel and feeling like this is kind of a term state of affairs and kind of the the new normal that sounds about right. Thirty year old. Sam L wreck of Atlanta. It builds a little daunting to try and look twenty five thirty years. Now, the financial analyst says his wages are stagnant. His wife's pregnant and mortgage payments won't be paid off for decades. But as a millennial who's already paid off his student loans all Rick's practically a unicorn or mortgages, the only that we currently have the study found that most millennials Owen average of thirty six thousand dollars mostly from student loans and credit cards. In New York. I'm Janet bobbin for marketplace. The Transportation Security Administration said unscheduled absences reached eight percent of its fifty one thousand officers a year ago that was three percent TSA. Officers are among the four hundred thousand or so government employees who've been required to work without pay during the shutdown some workers outright said they were unable to come to work because of financial limitations. The.
China's economy grew 6.6% in 2018, the lowest pace in 28 years
"On that from Bloomberg's Ramy Inocencio. Economists who have studied the US China trade gap say it will be hard to eliminate since. It's caused in large part by US demand. For Chinese products is also not clear how quickly US farmers and companies would be able to meet the increased Chinese demand. Exporting more US liquefied natural gas to China. Could also be tricky because new export terminals could be needed to growth, South Korea's January. First twenty days of export numbers down fourteen point six percent. And there was a twenty three percent drop in shipments to China. Let's check the markets. The Hang Seng index is up a third of one percent. Shanghai composite is up seven tenths of one percent. Stocks are flat in Seoul. And the Nikkei is now four tenths of a percent in Tokyo. Global news twenty four hours a day live in talk on Twitter, powered by twenty seven hundred journalists and analysts in one hundred twenty countries. In Hong Kong, I'm Bryan Curtis. This is Bloomberg. You're listening to Bloomberg best on Bloomberg radio. I'm June Grosso. And I'm Ed Baxter. Volkswagen of America. Ceo, Scott, Keough sees a major growth opportunity incidents and says it's still a segment worth pursuing. Bloomberg's David Westin spoke with Keough. So let's talk about your relatively new job. You had a lot of
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
Dow Jones Industrial Average trades modestly higher
"US stocks are trading. Modestly higher as investors digest. Lackluster results from major US banks, including Dow components J P Morgan Chase and news of new stimulus measures out of China. Dow Jones industrial average rising zero point two percent twenty three thousand nine hundred and fifty eight while the s&p five hundred index rising zero point five percent two thousand five hundred ninety six the NASDAQ composite index advancing one percent Detroit at six thousand nine hundred and seventy two Asian markets. Closed broadly higher with Japan's Nikkei rising one percent Hong Kong sanctioning index adding two percent. And the Shanghai composite index advancing one point four percent. Crude oil is on the rise up one point seven percent. And adding to the thirteen point two percent increase in prices since the beginning of the year. Go prices are up zero point two percent at twelve hundred ninety four dollars per ounce, while the US dollar is rising.
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
James Comey slams Trump for disparaging former attorney Michael Cohen
"I'm Ann Cates. I'm Bryan Curtis. In Hong Kong. Let's get this hour's top business stories and the markets. Asian stocks are seeing losses today. I'll bring you details in a moment. Chinese president Xi Jinping has hailed the forty year reform process in China. He speaking live now in Beijing. He said there have been three milestones in modern China. The foundation of the communist party in nineteen nineteen the communist takeover of China in one thousand nine hundred forty nine and the reform and opening-up process that began in nineteen seventy eight she highlighted that. China has had an average of nine and a half percent annual growth rates over the past forty years. And he said that China's middle income group is expanding leading to significant reduction in poverty, which is one of the key reasons for the reform process. CBS is denying former CEO less moon base. He's one hundred twenty million dollars severance. The board says that moon vest denied company policies and failed to comply with an internal investigation. The longtime CEO agreed to step down back in September after dozens of complaints of sexual harassment. Moonves said to have cooperated with investigators and has denied any nonconsensual sexual relations. Well, investors will be scrutinizing. The Federal Reserve statement this week one of the more interesting questions will be how does the chair Jerome Powell show independence while at the same time giving a nod to investors that he sees what the markets see and in terms of what we're seeing in Asian markets. The Hang Seng index is down about one percent. The Nikkei is trading down one point two percent. And in Seoul, the kospi is down four tenths of one percents. Shanghai composite is now down one point one percent. The yield on the ten year treasury two point eight four percent and WTI. Crude is trading down. One percent at forty nine dollars thirty four cents a barrel. Global news twenty four hours a day live into tick tock on Twitter, powered by twenty seven hundred journalists and analysts in one hundred twenty countries. In Hong Kong. I'm Bryan Curtis. This is Bloomberg broadcasting