Sevenweek win streak and tech is the secondworst performer in the s p. Joining us for the hour, Barbara Duran from bda capital is here at post 9, talking more about a market that happens to be happy as long as trade tensions are not escalated, pretty much right . That is for sure. And i think a lot is being discounted in the market in terms of global recovery, the fed is on hold, but watching careful. And we have yet to see the effect of the Interest Rates next year. But trade, i think, its what people are expecting is that therell be no more bad news i think hoping for something more, like a rollback of tariffs would be a bit much. This seems to have morphed into a geopolitical technological fliskt i think the downside is limited also for those same reasons, plus people are defensively postured and so on but i think what its going to take is next year, having to see what the earnings are going to be and thats a possibility is the market even considering that possibility is that priced
With the smallcap stocks. Joe em stocks up over 1 . Not a dramatic outperformance but they have been over performing for quite a while. Scarlet lets dive deeper into the action with our market reporters. Abigail, what are you watching . Abigail not participating in the risk on rally and record highs, bitcoin. 15 day chart, down 14 out of the last 15 days. However, today it appears as though bitcoin is maybe trying to stage a rally. Below 7000 as the technical side suggested for quite some time. Trying to hang on by a thread. This is a multiweek decline. In the context of a weekly chart. Over the past few years, a beautiful uptrend for the most part. ,here is the bitcoin bubble 20,000, then going below about 4000. Right now, hitting down over the past couple of years, right around 6400. If these levels can hold, maybe we see a brief bounce back higher. These levels suggest maybe we go down to that average below 5000. The longterm message is bullish for bitcoin. Nearterm chop. Taylor i w
The u. S. May give approval next month, but either regulators are more cautious. Tencent music find the right beat with earnings topic the highest analyst estimates. Lets take a look at how asian markets are set to trade today after a pretty terrible session yesterday. We did not get a great lead from the u. S. Wall street seeing very thin volumes and expert tatian still high that we will see this trade deal but some uncertainty coming through in the mix as well as you look at yesterdays trading due to we are looking at trading starting in sydney, i staggered open pretty much flat at the open after a robust session on monday. New zealand trading at 1 10 of 1 ahead of the rbnz decision. Economists split about whether we will see another 25 basis points easing from the new releases new zealand central bank. We will get some hints to what direction they will go with the inflation exit tatians report later today as well as housing prices. To cargo nikkei futures flat at the moment. We are
Dont give bejing control of our most sensitive infrastructure and data as well. As weve grown stronger economically, President Trump has always signed the largest increases in our National Defense in more than a generation. 2. 5 trillion of new investment in our National Defense just in the last three years. Weve made the Strongest Military in the history of the world stronger still. And to make it clear to beijing that no nation has a right to claim the maritime commons as territorial seas, the United States in the last year has increased the tempo and scope of our freedom of navigation operations and strengthened our military presence across the indopacific. To uphold the values of freedomloving people every year, weve also called out the Chinese Communist party for suppressing freedom of religion of the chinese people. Millions of ethnic and religious minorities in china are struggling against the partys efforts to eradicate their religious and cultural identities. The communist par
Fiat chrysler and the french owner of peugeot confirm a tie up, as carmakers grapple with the shift to electric. And the veteran wine collector who bricked up his Swimming Pool to convert it to a wine cellar. Well get his top vintage tips. On halloween, what better to do with your pumpkin carving cut offs than turn them into beer . Well get the inside track on brewing up a business from food waste. Today we want to know where you stand on Mark Zuckerberg versus jack dorsey . Do you think political ads should be banned from platforms such as facebook and twitter . Let us know just use the hashtag bbcworklife. Good to have you with us. We begin with the rejection by facebook founder Mark Zuckerberg of calls to follow twitter and introduce a worldwide ban on paid for political advertising. He said it wasnt right for private companies to censor politicians or the news. The move came as the social media giant delivered its latest results. Facebook made revenues of more than 17. 5 billion be