Chips made by their own engineers. Apple integrating hardware and software together is what makes our bankrupt so great. Having a world dallas silicon design team is a game changer. For apple, analysts say the transition should be a significant benefitbecause it gives the company that much more control over its hardware and it should translate to improved performance and performance. There is a broader insurgency because there are rivalries. Josh, that is a great set up today to bring in our next guest. Talking about apple, google ad revenue, good morning, dick, good to sue yee you how are you . Good, how are you good. Apple, it is amazing we didnt get any grand announcements, but the platform gets more vertical and stickier and i guess that is leading to the alltime highs. What do you think . Yeah, the hardware news was surprising to me i think it is worse news for intel than it is good news for apple. It was just surprising when people are trying to focus more on their Core Competenc
And taiwan. You have elections coming up. Keep your eye on that. We are either flat or slightly higher. Safe havens, looking at dollaryen above the below the 200 day moving average. You are looking at oil pushing towards session highs, new york 1. 6 to the upside. In case you missed it, breaking news out of iraq, the top iranian commander was killed in a u. S. Airstrike with reports in the last 30 minutes or so. Thena lets get more on markets. David was just mentioning this news about the commander being killed in baghdad. What does it mean . What are you watching her . I think it means we will have geopolitical tensions coming back in the new year. The s p 500 in reversing earlier gains, and the yen is being beat up. But i dont think this is going to last. I think after the dust has settled and the markets continue to focus on the fundamental improvement, this liquidity part can still continue after china with liquiditya banks. An era for the emerging markets. Same macro theme. It wil
Shery President Trumps impeachment moves forward. The house formally notifies the senate but a trial could begin tuesday. Lots of headlines to digest today. Australian markets have just opened. How are they reacting . Sophie investors probably liking to play defensive today. Nudging slightly higher belittle change as it is looking to crack the 7000 level. Futures looking elsewhere just nudged slightly higher at the start of cash trade. Youre keeping an eye on resource stocks. We had would side an update. The Energy Player expecting growth on energy and liquid production and aluminum minors in view as well. Deal isng the new trade the best catalyst for demand. Lets address the board to check in on currencies. We are seeing steady currency markets just below 110. Trading near a july high. Dollar not budging much. Bond moves to the upside. 10 year yield on the upside. Back to the aussie dollar, i just want to highlight the snapshot. It is unlikely that they will be shifting their position
Back on washington demands for enforcement. New details on the Alibaba Hong Kong ipo, offering shares at 188 hong kong apiece. In on lets check australian markets. We are seeing a slight gain for the asx 200, gaining 2 10 of 1 according to what i am seeing, pricing on the terminal right now, aussie shares set for second weekly advance, so a mixed picture. However, when the rest of asian central, stocks under pressure, kiwi stocks nudging higher, flipping up the board to check in on the kiwi dollar Holding Steady, not moving much as we hear from the rbnz governor this morning and he said despite a pickup in the economy, they are looking at pmi data hinting at that with growth returning in october, making for the highest reading this april. The kiwi dollar set for a weekly gain after the midweek surge and on a surprise hold right there. We have the yen Holding Steady after the biggest jump in a month right there. Lets get first word news with jessica summers. Jessica thanks, sophie. Fed
Lizzy good morning. This is bloomberg daybreak europe. Im lizzy burden in london and these are the stories that set your agenda. Rebound in china and hong kong healthstream losses but contagion fears mount over chinas property sector and sluggish economy. Divisions over a decision most fed officials see significant upside risk to u. S. Inflation, but two favored leaving rates unchanged. Plus, the one falls, shrugging off beijings most forceful guidance since october. The yen tumbles through prior intervention levels to near its weakest this year. Welcome to thursday. The two stories of the week have only gathered pace. First the fed looks like it will keep rates higher for longer, that narrative strengthened by the latest fed minutes and strong u. S. Seco data. November pricing picked up slightly and investors are selling treasures. The Market Outlook for 2024 is its most hawkish yet. Twoyear yields hovering around 5 . The 10year at levels last seen in october. Yields continuing the ri