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Lea japans nikkei index down three tenths of 1 and chinas shanghai composite ended higher by six tenths of an . Lauren United Airlines removing a passenger from their seat. We will have the latest on the story. Lea after the investor pushing all those due turnaround efforts are put to grocery up for sale. Chicago cubs hoist the world series championship flag at Wrigley Field and miami heat rallied to beat the Cleveland Cavaliers and keep their playoff hopes alive. Lea 5 01 a. M. In new york city. Welcome to fbn am, your first look at morning markets and breaking news. Lauren thanks for joining us. Good morning. Secretary of state Rex Tillerson scheduled to arrive in moscow after attending the g7 Foreign Mini ....
Time to fly in. Its 8 00 a. M. Across the emirates, this is Bloomberg Markets middle east. David markets are doing well. On myt my function bloomberg. It is green just about across the board. A reminder that australia and new zealand are close. Hat being said sovereign bonds, yields are backing up. The move for them Malaysian Ringgit stronger by half a point percent. The ringgit malaysian currency is going back over six months. The other big story we are of data today, lots coming out when you talk about china pmi. Do we get a second leg up when it comes to the ppi . That is a reflation story. We heard from the governor that had bad bones in the sector. All of been tracking last week after the selling pressure we have seen since 2015. That has helped steady. Things could change by the minute. Yousef some breaking lines hitting the bloomberg earnings are in the company r ....
Adjustment and the median price of an existing home up 4. 8 yearoveryear to 247,700. This number coming in better than estimated. Today does not necessarily belong to macro. In more belongs to micro and corporate earnings that have been coming out. The ecb decision to not raise rates, notwithstanding. That has not seemed to disk to derail u. S. Stocks. The dow and s p have been pulling back from yesterdays record close. Was good to big corporate stories we are watching. General motors posting record earnings. They beat analyst estimates for earnings per share by 22 . Sales of 11 and the company attributed part of the beat to better pricing. Those shares are rising today. We heard from biogen. Secondquarter profit coming out and beating analyst estimates. The bigger news is that the company ceo is departing. Over doubling in sales at the company. More recently, analysts and investors have been scrutinizing biogens blockbuster ms drug. It is not growing as much as some anticipation. In t ....
Banks was really nothing short of devastation. Reporter no, it was a complete repricing, melissa, across the entire sector. Its safe to say the major banks on either side of the atlantic were able to stave off any major dislocation in the markets by handling torrential amounts of client volumes and putting restrictions in place to be able to do so. Now there are a few key questions remaining for the banks as we think about going into the weekend, and the markets opening next week. First, how are the banks going to fund themselves . Its clear its getting more expensive to do so. The spreads between libor rates and the overnight index swaps spiked this week, both for borrowing costs right now and one month, three months in the future, its seen as a gauge on how risky investors see bank borrowing. And though it is spiking, we should note it is still well below where they were in 2008 and prior crises. But still, something to keep a close eye on, because that could signal, that could be a ....