Cases surging in many u. S. States. India considers new lockdowns. Facebook insists it has diversity at the top of its list. But it seems to have done little to boost black staff numbers. Lets take a look at how we are shaping up. That drag coming through from u. S. Stocks. Rotation ofsee this the highflying tech stocks. Netflix casting a very dim shadow. Missing horribly on just about every metric investors care about. Nikkei futures up by a quarter of 1 . Tsmc raising its outlook for evan revenue. Maintaining there for your guidance. Saying that they are seeing improve conditions coming out of china. Lets take a look at chinese stocks in particular as we close out this trading week. One state media article suggested it was responsible for corruption and bribery cases against china. We will continue to see if that stock stages much of a rebound. Shery of course. Also moving markets as the coronavirus. Deaths topping 585,000. U. S. Infection rates rose 2. 5 . Brazils count rose above 2
Crown the world from all around the world. Our bloomberg voices are on the ground with all this mornings top stories. We begin in china, where the government signals a cash injection is on the way to ensure a strong start in 2020. At a meeting in china, the premier said the resiliency is continuing. The chinese economy is resilient. The Chinese Market is huge. We are determined to open up further. We will reach a winwin relationship with other countries, especially with our neighbors. Alix joining me on the phone is sharon chen, the beijing bureau chief. What have we learned from his speech . Give us a backup of the bilateral meeting. Sharon it basically signaled there are going to be product cuts with the amount of cash the banks have to keep as a reserve. Lending to the private sector is a huge part of the economy that china needs to shore up. It accounts for nine out of 10 jobs every year, and it comes after china already promised wideranging set of initiatives that will boost the n
That ubers expiration has taken place, they are trying to improve the Operational Performance and have been given profitability. You provide all of these things up inis is a good set terms of investors new point on the stock. You look at the Shareholder Base right now, you do not see a lot of longterm shareholders. Softbank and encz mark, benchmark is unlikely to be a longterm shareholder, they were an early investor. I think that these are all is on theand the onus company to execute and show Operational Performance. Guy on the positive and negative side of the lot of the ledger, what did kalanick bring . Mandeep he really started this company and was aggressive in terms of taking the uber brand global, and that is what helped uber expand so aggressively both on the ridesharing and the ancillary businesses, but i think they are at a point where the brand is known to everybody. Improving thet reputation. The cultural damage that took place when travis was running the Company Needs to g
Bloomberg daybreak australia. We are counting down to the market opens. Treasuries tumble with corporate debt sales flooding the market ahead of the fed decision. Oil surges as saudi arabia and russia extended cuts. Softbank is seeking under 5 billion in a downsized arm ipo that is still to be the worlds biggest this year. Lets get a quick check on wall street. We have only had two u. S. Trading sessions in september. The hope is this september might be different from previous ones because we have had a rally. Some strategists are saying we are going to see a drop from here. We can see now s p futures have opened up and headed for another down session. The two year yield for 95, that might be a little bit surprising. 40 companies tapped the debt markets just today alone. A huge amount of issuance and that definitely weighed on bonds. My take this number with a grain of salt. The dollar index continues to rise and is impacting currencies including the yen which topped 147. Another stron
Come you rockets aside from, goes into these really bored at city of cisneros, where israel has been messing through the death toll and gaza kleins tens of thousands of palestinians fleece south with no pause in israel. Compartments of the on us secretary of state, anthony, blinking or tons to saudi arabia. On his diplomatic, toward the mid week, the israel is fighting on 2 fronts. To 8 days it has pounded the gaza strip. Dropping thousands of buttons on the already besieged enclave. And now confrontations on its northern border with no 11 on have also escalation. At least one is randy has been killed and 3 wounded off the headlight. Targeted military posts that in the midst of the attack. These rarely ami has shelled 11 on the board and response and created a full columbus a loan officer and will not speak to a correspondent ali how shall he joins us now live from i to shop. I didnt tell us about whats been happening this morning. A lot slot education, whats been happening thats been