Anna a very warm welcome to daybreak europe. I am anna edwards. Manus i am manus cranny. We have one spared we have one very special guest, tim draper who joins anna and i. Anna appetite for technology generally. More a foreign appetite for japanese stock. [no audio] manus this is your green line. These are the buyers that come. N, the nikkei ambassadors are buying japanese stocks. They bought nearly 6 billion in the first week, the most in 2. 5 years. The foreigners are still underweight and it could be the abe call. It could take you to 25,000 on the nikkei. Anna we watched the politics of there. The japanese stock market up by. 2 . Lets put up the risk radar. The Asian Session is really on pause. Near recent highs. Concerns around the korea coming back to the market concerns around north korea coming back to the market. Not shaking the markets excessively. Outover in the u. S. Geeking new alltime highs. On thes a lot of focus next fed chair. How hawkish is the next fed chair going t
Mathisen is somehow not wearing a tie. More than Economic Data never takes off and you got some big data earlier today. Lets find out what it may say about the economy and your money with the very bespoke Steve Liesman. I may take my tie off. The bad news is that with this mornings revision, we couldnt even get to 1 for First Quarter growth. Q1 actual up 0. 8 . That is an upward revision. There would be hopes for a whole number. 1 couldnt make it. The good news is that weakness is so far not spread to economists for this quarter. Here is the cnbc rapid update. There is news in this, folks. Its unchanged. The yfd a rebound remains intact. And some big guys like Goldman Sachs had the upper range there of 3 . Here are the details of the gdp number. Consumer spending that, is the big disappointment. Still at 1. 9 . Business investment revised downward. Businesses are simply not spending out there. Housing is strong. Revisions upwards to net trade. Exports were a little better. Imports a li
Friday morning. Breaking news across the bloomberg number the Chinese Authority in banking are taking action for those banks that they consider our lending perhaps a little bit too fast and too furious. We saw the loans hit record levels this week. This concern about indebtedness of the chinese population at large, and the corporate overall indebtedness expanded over 200 per capita. The peoples bank of china are determined that some banks who have landed too fast, they have raised the reserve required ratio. This is according to people familiar with the matter. This will be regional banks, among the lenders, seen as overstretching themselves. They did not give us any additional details, and terms of the banks that were actually affected. Or how much the reserve requirements would actually impact the marketplace. Of course, this is all about china rebalancing exactly what is going on. Let us take the conversation, you were looking at the currency there, the yuan has had a good run. The
Energy companies are preparing to pull back on Capital Expenditures, what you have is profits that beat the adjusted numbers and rhyme will take you through the nuances. Capital expenditure is down and it is dealing with a new reality of lower prices. What is next is profits dropping. Well, here, you have a dividend that missed and there was six or 7 billion in expenditure and they had it in the Fourth Quarter with a nearly 9 billion and you are seeing a Capital Expenditure number and it comes out with a fourthquarter profit rising and the net income up. They raised capital and it was up 43 in the Fourth Quarter. It would continue longer than anticipated. If you took protection and the banks stole it, you did not needed and 21 billion pounds was put back into the u. K. Now, he wanted a weaker currency and he got it a month late. Kit juckes says you can see the aussie dollar down with the excuse to sell the currency. A bit of a trajectory there. Thank you very much. Big moves in the mar
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