Of cracking the uk market. Live from London, This is business today. It This is business today. IS Packed. Im saLLy bundock. This is business today. Lets get going. We start with AL Chip maker nvidia. Its Record Rise to one of the worLds most vaLuabLe companies has wowed WaLL Street. Now, its breaking records again, but not in the way it wanted. On tuesday, nvidia Lost the most Stock Market VaLue in a day of any company in us history aS Part of a steep seLL off that Hit Tech shareS ParticuLarLy hard. Nvidia continued to faLL after hours as bLoomberg reported that it has received subpoenas from the Department Ofjustice, which is investigating whether it has been abusing its dominance of the market for AL Chips. Lets just show you the numbers because they are pretty staggering. ALmost 279 BiLLIon that was the amount wiped off the vaLue of nvidia over the course of the trading day. It adds to Losses Last week after the companys forecasts disappointed investors. Nvidia has been the corners
Remains complicated. Domm is watching what were seeing in todays trade. What is behind the surge today its about the tweets its about the idea that we could see some form of stimulus, although not the massive one youre going to see that happen and im going to show you the charts here over the course of the past two days, and 24 hours. This is the twoday chart. We kind of started yesterday right around here. You can see as we can move into the session, we have just gotten back everything that we lost and a little bit more over the course of the last 24 hours or so so, again, this move here higher and i can tell you word actually happened and positivity returned take a look at the 24hour chart of dow futures as things have moved, remember, a steep drop yesterday going into the closing bell and we were much in negative territory throughout the overnight session until just around 10 00 p. M. Eastern time thats when President Trump started tweeting out this notion that he could put out ther
I am dani burger along sign jeb bush alongside jennifer zabasajja. Fresh data shows the Services Sector in china was as low as rates this year is in august. Bloomberg economics says china may never overtake the u. S. As the worlds biggest economy. Lying low. Philip lowe the governor of the rba these Interest Rates unchanged in his final meeting to warns that some further tightening your choir. May be required. Country garden avoids a default with lastminute payments on dollar bonds. Happy tuesday. It is great to be back on the show with you, jen. Jennifer it is great and thank you for having me. Dani you are a pro. You had the rains yesterday and everything was great but it should be a morning of relief. We have the u. S. Dollar bond payment from Country Garden and goldman seeing a lower chance of recession. Someone should tell the markets that though. Jennifer we should see whether or not the u. S. Will reflect that when they are back from Labor Day Holiday. Lets look at s p futures a
Good morning. This is bloomberg daybreak europe. Im lizzy burden in london. Stocks in asia higher after an upbeat day on wall street. U. S. Job status according the case for rate cuts this year. The u. K. , Andrew Bailey opening the door to a possible cut next month. The u. S. Set to impose tariffs on chinese electric vehicles and strategic sectors in a sweeping decision to be unveiled by President Biden as soon as next week. Benjamin netanyahu says israel will fight on in gaza with or without u. S. Support. This as washington threatens to withhold more bombs if her offerh rafah is invaded. Its been a good month for stocks and bonds after the stumble we saw in april. Yesterday, the s p top 5200. Less than 1 of its alltime high. U. S. Jobless claims jumped to their highest level since august, beating estimates and reinforcing bets on fed rate cuts. Today, futures pointing to an even higher [inaudible] on both sides of the pod. You can see the impact of the u. S. Data on other areas of t
In just a few hours. As for europe, some green arrows, despite a miss in the eurozone in production this morning. The road map starts this morning with, of course, the fed. Expectations for revamped bond buying program. What will the Economic Forecast say about next year and what to make of the wall street journal story that says academics are driving Monetary Policy at secret dinners in switzer land. More counteroffers in the debt negotiations. It looks like Corporate Taxes are part of the deductions. Costco beats by 2 cents, better sales and better sales and membership fees. Some more reports about apple tv today. The journal said its designing a high new highresolution set. Microsoft trying to widen the list of retailers that will carry the surface tablet. The fed is going to wrap up its twoday meeting. A watch is on to see if ben bernanke and policy makers make a decision about the Interest Rates. Later on, the chairman will hold a News Conference, and of course, cnbc, will bring i