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In a at its lowest point quarter of a century. David is watching this carnage. David painful. It is a painful day for investors. On 1 trillionn of market cap that will be wiped off the value of asian stocks just this morning. We do have another big asian market opening up this hour, india. It says a lot. It says a lot when the outperform or is down 1. 7 . Is downutperformer 1. 7 . Shanghai composite erasing its gains on the year. , at one point,up almost 60 . , we are down about 900 points here. Taiwan is the other big market as well. We were down 8 at one point. The biggest singleday drop. Last time it was this bad i do not know which won the oscar best picture in 1990. What was it . The ban on shortselling that regulators have put into place to effect took effect today. We are down 3 for the nikkei. Topix just entered a tight correction a technical correction. You put those two charts together, you have the yen gaining against the dollar. Quickly,markets, very the ringgit and the rup ....
Weve seen since the election. The nasdaq is indicated up by 8. 5 points. Well talk to the nasdaqs ceo later this morning. Look at what happened overnight in asia. The nikkei was up by 1. 1 . Markets in china also closed higher with the hang seng up by a half percentage point. In europe this morning, in the early trading thats taking place, you can see things are relatively flat. Across the board. The ftse, the cac, and the dax all sitting within points of where they closed yet. Its been a big couple of days for markets there. Pepsico just out with earnings. The number is a core earnings of 94 cents a share. That Beat Estimates by two cents. Revenue also coming in a little above expectations. Talking about what happened with this quarter, she said they achieved solid Revenue Growth in the First Quarter, underpinned by glob ....
The dow up nearly 100 points. The s p closing at a record high above 2400 for the first time ever. The nasdaq hitting a record and the russell 2000 soaring. Amazon, 20 years after its initi initial market cap taking off a whopping 450 billion leaving traditional retailers in the dust as they struggle to stay afloat. The two names have been somewhat immune to amazons demolition. The two best performing dow stocks this year. They are getting ready to report this week. What do they tell us about the story of the consumer, guy. I think home depot absolutely is. Lowes is cheaper. We can make an argument it should be, shouldnt be. Home depot absolutely stands on its own. Reports tomorrow before the bell. 14 eps growth. I think it is immune. Walmart, different story. But i think the beauty of walmart is the downfall of target. 2015 was an awful year for walmart. 90 to 45. I think it got its footing back because target lost theirs. I think they got the footing back because they got back to wha ....
Bloomberg daybreak europe. We start the program by looking at brexit, one year on. We mark the oneyear anniversary since the brexit about. Lets have a look at the Bloomberg Brexit parameter. This is based on proprietary indexes that have been made by bloomberg and u. K. Inflation. Economic activity and that inflation adding up, which has been deteriorating in the most recent months. The start of this brexit process. Uncertainty weighed on this index. Data was clear up the start of the one youre period, helping some of that data to bounce back. That tradeoff between growth. Nd inflation growth trend we will talk more about that in a moment. We had 3 million e. U. Residents having in the u. K. That was news out of brussels overnight. That does support the pound a little bit. 1. 27 on the pound. Here is the risk radar. A lot to talk about on the commodities story. This is where we are on the oil price. We are up, as you can see. We ....
X are preparing to ditch the u. K. At least the republican senator say they will vote to block the current version of their partys health care bill. What does this mean for tax reform . This is bloomberg surveillance. Mario draghi will speak shortly. We also have all your currency checks. Ecks. First things first, lets check quickly on your stock market. Global stocks, mixed. Investors believing an appearance by janet yellen. She speaks in london later today. They are looking to her for a close on the outlook for President Trump says the Supreme Courts partial revival of the travel ban is a clear victory. People from six majority muslim countries will now be barred, unless they show a genuine relationship with a personal entity in the u. S. The court will consider in october whether the executive order is constitutional. Republican senators will look to block the latest versi ....