Promises and his administrations performance so far. We have world coverage on daybreak asia, live in tokyo for japans latest inflation data and a breakdown on nintendos results. Betty here in new york we will look at big earnings from Technology Companies and talk to a former u. S. Ambassador to china, from montana. President trump is set to mark his first 100 days in office on saturday. This is daybreak asia live from bloombergs u. S. And asian headquarters. I am betty liu in new york where it is after 7 00 p. M. Yvonne i am yvonne man. Forhoneymoon period President Trump may be over soon, marking those 100 days in office. We are marking it with policy with saw. Betty whiplash, in fact. Lets look at how the markets closed today. It was whiplash. We went up and down throughout the session, there were lots of questions about how we get through tax reform, are we going to repeal obamacare, are we in or out of nafta . We ended fundamentally higher, earnings doing well. The nasdaq composi
Bank may announce its move toward tapering in september. We bring you his exclusive interview. Alm in the markets dropping to the lowest levels since 1993 but is the investor complacent . , 30 lets take a look minutes to go into the market opens. The futures index is here in europe, we are seeing slight a Little Movement yesterday, the cap dropped almost 1 and we are seeing gains and futures there and as well as the ftse and the dax. Take a look at bunds. Investors are buying bunds, pushing yields down, they were this morning and that has turned around. They are selling off the bunds and pushing the yields back up. It will be interesting to see how the treasury trade goes. Given the news coming out of the u. S. Fed. Manus i have the chameleon curve for you, i will show you that later in terms of what the u. S. Treasury market is doing. The gmm is the personification of the market stories. The aussie dollar is off and down for a second day. Were waiting for the budget. The deficit. Also
The fed would raise Interest Rates before the end of the year . Brian i think yes because that means economy is growing and it means we make more money, but the reality is everything we see, it is. Charlie rose your instinct is it will because janet yellen has signaled it . Brian they have been pretty clear what the market. I think the statistics that have come out since last time, they have the consideration that would favor it. With a large bank, it is hard to predict what the fed would do. I think you back off and think about the economy. What we see is consumers are still spending. Businesses are still borrowing. There is oil and gas. Those are retracting because of the oil prices. Overall, the u. S. Economy is in good shape. Charlie rose what is the pathway to growth . predictedave 2. 5 for this year and next year. If you think about going into the end of last year into 2015, our economists were up over 3 for this year and thinking of growth from there. It did not come true. That
Rates before the end of the year . Brian i think yes because that means economy is growing and it means we make more money, but the reality is everything we see, it is. Charlie rose your instinct is it will because janet yellen has signaled it . Brian they have been pretty clear what the market. I think the statistics that have come out since last time, they have the consideration that would favor it. With a large bank, it is hard to predict what the fed would do. I think you back off and think about the economy. What we see is consumers are still spending. Businesses are still borrowing. There is oil and gas. Those are retracting because of the oil prices. Overall, the u. S. Economy is in good shape. Charlie rose what is the pathway to growth . Brian we have 2. 5 predicted for this year and next year. If you think about going into the end of last year into 2015, our economists were up over 3 for this year and thinking of growth from there. It did not come true. That creates a sort of
Erik. He is on assignment in athens. Stephanie i would love to say that our erik was at the oscars last night, at the vanity fair party, but no committee is working in athens. We have had to take you to the breaking news on the Housing Market. Scarlet fu is in the newsroom with the headlines. Scarlet disappointing read steph. Economists had ratcheted down their expectations over the last three days because the expectation is down 1. 6 as recently as friday. On an annualized basis the rate is 4. 80 2 million, dropped from the prior month. This is not a government report. It is from the Industry Group the National Association of realtors. What it measures is the purchases of previously owned homes. It makes up 90 of the Residential Housing market. Some might argue a more important indicator than new home sales. In terms of the effect on financial markets, u. S. Stocks were lower before the report. No real change there. The dollar takes a little bit of a leg lower even though it is firmer