Australia starts to clean up from the bushfires. This as insurance claims keep rising. The total is approaching 1 billion u. S. Shery lets get you started with a quick check of the markets. It was another day of session highs. We saw the dow on a record high for a fifth consecutive session, closing up 2 10 of 1 . Of course, we had positive u. S. Earnings, the season kicking off, not to mention the pause in the china u. S. Trade war and the positive Economic Data with u. S. Housing surging in the previous much month. We had telecom and utilities leading the gains. We had the Energy Sector, oil losing ground for the second consecutive week, but keep your eyes on the oil prices. We did have geopolitical tensions in libya and iraq that could be moving crude. The nasdaq gained three tons of 1 . Lets see how things are shaping up for the asian market. Sophie asian docs are headed for a mixed start after a sevenweek advantage. Thats the longest winning streak in two years. Investors will be a
We have an exclusive interview. In hong kong the government is again rejecting calls for universal suffrage for the chief executive here. This as anger bubbled back on the streets of hong kong. Shery australian markets have just opened to trade. Lets turn to sophie for a check of what she is watching. Sophie we are seeing stocks gaining ground,. 1 with the stock market looking overheated and valuations and records. The latest, investors buying into the aussie stock rally. Environmental risk around the earnings estimates. Futures looking mixed. It is opening slightly lower, this nikkei futures under pressure ahead of japanese industrial output we will get later this morning along with taiwanese export numbers and jobless figures from hong kong. We are seeing new york crude. 1 , asground over investors consider the potential impact from the auction health in libya and iraq. Said this is a policy delay disruption and there could be a quick turnaround if there is a political solution. Liby
That kind of liquidity will be hard to fight. That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have an economy where the second half is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Your thoughts on that, ken . Is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw it to convince the market it is not.
That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have a second half where the economy is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Lets talk about it, ken. Your thoughts on that, is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw on it to convince the market it is not. I think the market call i
Supply, reigniting concerns to geopolitical risk. An barrier, billionaire Money Managers Led Hedge Fund gains in the industrys best performance in a decade. Plus, is that the Tipping Point . Politicians and executives dissent on davos, a debate on whether the biggest drivers of the global drivers economy are picking. Two in for a huge week on newsmakers at the World Economic forum right here on Bloomberg Television. We are just under an hour away from the start of cash equity trading across europe and the u. K. Lets look at where futures are pointing us. Were looking at green arrows on dax, cac, ntt ftse futures. At cac features are unchanged right now. We see green arrows on ftse futures. U. S. Markets are closed for Martin Luther king jr. Holiday. Equity markets want be trading. But you do see futures pointing higher after a record close on friday. Oil jumped amid turmoil in libya. Caught in the crossfire of the nations civil war. Iraq temporarily halted work at an oilfield yesterday