Jakarta just coming online. Interesting when it comes to the hang seng, we are close to those session highs for the hang seng. Cathay pacific certainly one to watch. Spike onned that brief this governmentbacked rescue plan. We come back to earth a little bit. Still seeing shares elevated a little bit. Chinese stocks slightly lower. We missed on the Inflation Numbers. Small caps in china close to 20 higher from those lows we saw. India futures also pointing positive. We are watching the dollar as well. Down for nine of the last 10 sessions. A little bit of exception with the yen, 107. 79. The hong kong dollar still on the stronger side but kyle bass doubling down on his bet against the peg. We will see what kind of demand there is. Offshore renminbi pretty much unchanged right now. Haslinda lets stay with china. Factory prices continue to fall in may. The country continues to deal with the fallout of the coronavirus pandemic. Lets cross to selina wang in beijing. Break down the Inflatio
Stay above the bankruptcy waters. Imax which counts amc as its biggest u. S. Partner, is watching closely. A fox business exclusive with the imax ceo on how hes focusing the lens of his company for the unknown. Plus we will ask him when does he think chinas screens will light up again. They tried to open them, then promptly shuttered them in china. We will ask rich that. And businesses big and small tapping government loans to stay afloat but what about all of those mom and pop microbusinesses desperately trying to survive . The godaddy ceo with us on saving millions of his web service customers. But look, we have green on the screen here. Markets betting the economy is about to get its engines revving again. Whether thats true or wishful thinking, tech is driving a robust rally with the nasdaq poised to exit its bear market hibernation. All the nasdaq needs to see is a gain of just over 40 points. Could it happen with less than an hour to the closing bell . Got to stay with me. Lets s
With the toll it is taking on the american economy. The president tweeting that he alone has the power to reopen the economy. States deathork toll numbers are flat, but at a horrific level according to governor cuomo. Unemployment numbers somewhere between the Great Recession and the Great Depression meantime, apple and google, two tech rivals teaming up in a massive project to help deliver Contact Tracing to americans and people around the world. The companies would Work Together to notify users if they come into contact with someone who tested positive for covid19. You just got off a Briefing Call with apple and google. Still a lot of questions about how exactly this will work. Fill in some of the blanks for us. Peoplehe big question, want to know, will i be notified if i crossed paths with somebody off the street or in a Grocery Store . This is something that will be developed over time. One suggestion eight on the to 10and the proximity up minutes, that would allow them to notify t
The 10 year yield at 1. 56 . The dollar index continues to strengthen, and crude oil is above 53. Guy we are seeing Dollar Strength beginning to ease a little bit right now, but you still got the dollar up against the turkish lira. The Turkish Central Bank cutting rates again. Still, the pressure is building on the lira. Eurodollar flat to negative right now. We are still below 1. 08. How low does the single currency go . European stocks not at session highs, but fairly close to them. Oday vonnie we begin with the latest on the coronavirus as china makes moves to stimulate the economy. Possible bailouts for hardhit Industries Even as the death toll continues to rise. Bloomberg also reporting that china plans to take over the indebted conglomerate hna group. For more, lets get to bloombergs Sophie Kamaruddin in hong kong. Continuings and illnesses. What is the latest. Mr. Prystaiko with the report sophie with the report on hna group, bloomberg has learned conglomerate is in talks with t
The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. The coronavirus is impactful, but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. The bad news is, apple made a big bet on china. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will continue to be a problem. In longerterm, it china and the was a u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. There is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the Senior Research an