, i am is daybreak asia Kathleen Hays in new york where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. We will break down some gdp numbers. In line with estimates. But, slowing from the First Quarter. These are preliminary, 2. 7 year on year, in terms of the quarter on quarter. We are seeing growth at 0. 6 . The is slightly off from 1. 1 growth we saw in the previous quarter. The First Quarter was about robust investment. That seems to be continuing on. The Second Quarter, still could be a lot of risks with trade tensions in the u. S. And china. We will see how president moon, how is budget and how this plays out. Bok optimistic on the hike front. Kathleen yes, they are in it for the long haul. One of the Biggest Challenges korea, president moon changing the composition of exportleding from growth, which he has argued on the campaign trail. And, in office, he want something more incomedriven. He wants to raise jobs and taxes. It is a lot to do, but a lot o
Of strength following the best twoweek run in nearly three years. Apple reportedly set to hold an investor call today ahead of a potential bond sale that could be priced in euros for the first time. And two big deals. Well get more details on that. But we begin november after a halloween rally which saw the dow and s p set some record closing highs each with gains of more than 2 for october. The nasdaq outperforming them up 3 and this week more earnings reports, Midterm Elections tomorrow and big october jobs report comes up on friday. Really, jim, getting through october some consider a success. Its the biggest mid month comeback for stocks since 09. You had a couple of things. You had people betting that ebola was going to become a very big issue because people felt that the late mr. Duncan was going to make it so that there were multiple infections. There were a lot of people who were shorting restaurants, retail, theme parks, airlines. Turns out that none of them had a downturn. Th
Twitter isnt the only stock to do that this year. Coming up, well name names and tell you what this could all mean for another huge ipo. Stay tuned for that. We were taking bets on where it will price. See how all that shakes out. It turns out that it is not true that the socalled wealthy pay the most income tax in america. Jane wells has learned that they pay all the income tax. 106 of income taxes. You heard that right. They pay more than 100 . How is that possible . Stay tuned for this stunning report. And lets check the markets right now. The final hour of the day, pretty much a down day across the board for the major averages. The dow jones is actually an outperformer helped by mastercard. Helped by home depot as well in there but down about 87 points at the moment. The nasdaq is still off. Clutching that 4,000 level. The s p 500 has shed 15 points and got below 1790 as we speak. Maryann bartels from merrill lynch, Adam Thurgood and done shriver from wbmi funds. What do we make of
Senate house negotiators dealing with a package that would fund the government through the fall of 2015. Costco shares are lower in the market after expectations missed. Mastercard boosting its dividend. First up, the latest aca enrollment numbers are out. Lets go to Bertha Coombs. Reporter good morning, carl. More than a quarter of Million People nationally signed up for National Health insurance plans through the exchanges in november, that according to the latest data from the obama administration, that brings the total to 365,000 for the first two months of open enrollment. As the administration was making fixes on the site, enrollment ramped up with more than 110,000 people signing up for coverage last month, more than four times the number of people able to make it through the system online in october. Number of key states operating on the federal exchange are accelerating, but not hugely. More than 18,000 in florida, up from 3,500 in october. In texas, the numbers are still low
Lets call it down ever so slightly and lets go to europe, of course, where the market has been open for quite some time today. You can see it has largely been a positive day for most of the markets overseas, at least in the european area. As for our road map right here, back in new york city it starts with the major indices looking to pull up and out of what has been the biggest weekly declines weve seen since august. You can scratch one name off of the candidates. Qualcomms promoting chief operating officer Steve Mollenkopf to ceo. And sams club will have a new Service Called pantry. And on mad money last night, retailers saying customers are feeling a little bit better. Lets try to avoid what would be a fourth consecutive day of losses. The dow and s p closed at onemonth lows yesterday, though still about 2 from record closing highs. We got to start with the market. People dont know all the faces you were just making. You know, friday the 13th, retail not doing that well. Okay, look,