Beijings anger appeared Cotton Australia says chinese mills are being told to halt imports. The last day of campaigning for saturdays election indicating the Prime Minister will be a comfortable winner. Futurese are seeing you coming online at a 10th of 1 higher. Does after we saw u. S. Stocks session. N the regular had surging virus cases in new york. Not to mention the stimulus talks in the u. S. Remains stalled. The s p 500 fell 2 10 of 1 . Financials and real estate higher. The afternoon session solve sawical shares session cyclical gains. Jobless claims unexpectedly rising last week. We also had the dollar gaining ground the most in three weeks. Take a look at what oil is doing. It remains under pressure. It is around the 40 a barrel level. We saw the continued pressure following the jobless claims data. We saw a rebound in prices and a than york session after we had data that fuel inventories were lower and that eased some of the demand concerns. Lets see how asia is shaping up.
No change in the lpr. No real effect when it comes to the cnh, the offshore renminbi. 6. 86. Maintaining the gains we have of late. The euro weakening. Keeping an eye on crude. Oilared by the National Company after saying it was commandersone of the of one of the civil war activists from exporting. Got oil field disruptions taking place in iraq. What else is happening in beijing. We join selina wang for the first word news. Selina thank you. The former white house economic director gary cohn says he sees no recession predicts the economy will continue to grow as we move towards novembers election. While president trumps tariffs produce the phase one trade deal they inflicted some damage on the american economy. I dont think we would have gone to a different outcome. I dont think the outcomes helped us get to a different outcome. Did it hurt the u. S. . Its. Totally hurt United States the u. S. Economy is very strong, employment is great but we are missing a big component. Were missing
We have the world covered on daybreak asia obligated to crack down on hate. We have the will covered on daybreak asia. Betty we will have the latest on that tesla story. Tesla trying to save taxes. This is daybreak asia coming to you from bloombergs asian headquarters here in hong kong, where it is just after 7 00 a. M. I am betty liu. Yvonne i am yvonne man. Eyes are glued on china for the next 24 hours. Not only do we have this msci decision, but we will hear from the pboc governor as well. We do not hear from him too often, but it will be interesting to get his take now that it seems like the pboc is parting ways with the fed. They held off on raising those borrowing costs after the fed raised rates last week. Betty a lot on the agenda as you mentioned. We will be going through a lot of big corporate stories, including that story on tesla. Everybody focused on the Chinese Market and tesla being a tech movie has been a big today. How much a big mover today. How much of the impact wil