We should also note that yield curves around the world are feeling the pressure as well we did have on friday the german bund, the 10year, falling to its lowest level ever. As for the asian markets, the nikkei down by 1. 75 hang seng also pressured by what is going on in hong kong in terms of the protests there, down 3 . Shaun hi shanghai down 1. 6 in europe, red arrows across the board. Dax is down 1. 35 . Ftse down, as well we have a stronger dollar against the major currencies weaker crude, wti down 0. 7 . Brent down 0. 75 . Couple safe haven trades working this morning, gold prices are up. They actually have been on a great run. They were under 1300 about two months ago you see them up only slightly, little less than 1 , probably because they had been so strong lately not a lot of oomph year. Bitcoin also getting a little bit of a boost right here. Obviously, a lot of capital and motion across borders. That could help the sentiment toward bitcoin you see it up 7 at 11,750 lets talk
Telecom giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. In exclusive interview, he hints at even tougher days ahead. Capital one shares drop after a data breach. The company saying data on 100 million customers hacked. All of it stored on Amazon Web Services. A former amazon employee has been charged. But first to our top story, apple shares spiking after hours after reporting thirdquarter results. Revenue topped analyst estimates. Apple saying it remains optimistic about potential sales of new Iphone Models set to hit the market in the fall. For more on Apple Earnings as they are unfolding, we are joined by max chafkin from bloomberg businessweek, and we also have the sin of this trust Portfolio Manager with as. Walk me through this. Iphone sales missed estimates, Services Missed estimates, the forecast beat. What about all of these other indicators . It is an interesting report. If you would have told me they would have missed on bo
Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,
The s p 500 30 below the 30 day average. It goes to what mike was saying about how a good jobs report lends to sector rotation in equities. Romaine we should point out that some of the other asset classes, we did see the dollar higher on the week, oil down on the week, and very low volumes today, but looking at etfs, volume was about average. We did see a lot of activity there. Joe small caps. Romaine thats right. Lets dive deeper into the action right now. Renita, get us started. Im watching iron ore, which sunk to its largest drop in about two years. It is ending the week actually up the most since june 21. Most Metals Commodities definitely took a dive. The bloomberg Commodity Index also lower and the dollar higher. Which makes commodities that are priced in the dollar more pressure than usual. Taylor . Taylor for me it is all about bond deals. We are taking a look at the price action we are seeing on bond yields. We are now rising nine basis points on the day. That is our biggest o
The United States and mexico have agreed to extend the upcoming round of nafta negotiations in montreal by one 29. To january the mexican ambassador to the u. S. Told bloomberg today there is general agreement among the free nations on about 40 of topics being negotiated. British Prime Minister theresa may met with french president Emmanuel Macron outside lunday london today. This was to strengthen security and intelligence between the nations. Hoping to help with brexit negotiations. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti and this is bloomberg. Selina im selina wang in for emily chang, and this is bloomberg technology. Coming up, ibm ends its 20 two quarter streak of declining revenue. Report card, up next. Plus, amazon narrows its list of top locations to build its Second Headquarters with thousands of jobs and billions of dollars at stake. And the fall of Travis Kalanick was darker than you thought.