Escalation in tensions between the United States and china the Trump Administration on friday announced new measures to block shipments of semiconductors from chip makers to weiwei technologies in announcing the move the u. S. Commerce Department Said they would be changing the export rule to strategically target while ways acquisition of semiconductors that are the direct product of certain u. S. Software and technology adding the announcement cuts off while weighs efforts to undermine u. S. Export controls under the amendment to the rule Foreign Companies that keep that use chip making equipment originating in the us will be required to obtain a license before providing the chips to walk away or any of their affiliates earlier this week the us president and donald trump extended an executive order originally signed in may of 2019 which stopped u. S. Companies from using Telecom Equipment made by companies that pose a National Security risk now this order is now extended until may of
A packed show today so lets dive right in. And we lead the program with an escalation in tensions between the United States and china the Trump Administration on friday announced new measures to block shipments of semiconductors from chip makers to while away technologies in announcing the move the u. S. Commerce Department Said they would be changing the export rule to strategically target while ways acquisition of semiconductors that are the direct product of certain u. S. Software and technology adding the announcement cuts off while weighs efforts to undermine u. S. Export controls under the amendment to the rule Foreign Companies that keep that use chip making equipment originating in the us will be required to obtain a license before providing the chips to walk away or any of their affiliates earlier this week the us president and donald trump extended an executive order originally signed in may of 2019 which stopped u. S. Companies from using Telecom Equipment made by companies
As well. Down 0. 9 . That was expected considering all the liquidity we have seen pumped into chinese mainland markets. The hong kong hang seng well off the lows, very modest losses. Roughly flat on the day. Up near 1 surging, at the moment. As you mentioned, this after losses of 3 in the u. S. Trading session, the worst day in two years. That completely detracted those gains for the index. Lets look at a couple of the risk metrics. Across the fx and commodity riskts, seeing a little, seeing a little bit of tension, a push toward risk. Put it all in perspective. Some major moves in these Asset Classes in the past couple days. The yen having its best day since august. The aussie dollar trading near the lows since 2009. Look at commodities, copper pushing for the upside, representative of Global Growth in the economy. The gains in gold over the past five days starting to temper. 1650 dollars near a troy ounce. Haidi taking a look at a deeper dive, david is in hong kong. What you watching
Peoples republic and communist party rule. We are live from beijing and hong kong. Shery lets get you quick started on how the markets are trading. U. S. Futures gaining one quarter of a percent, this coming off the back of gains we saw on this u. S. Session with the s p 500 gaining. 5 . The s p 500 gaining ground for the Third Quarter in a row, managing to rebound in the month of september after the losses we saw in august. When it comes to todays session, we saw every sector in the green except for financials and energy. We have 10 year yields paring back some of the earlier gains to train around 1. 67 . Wti fell below 55 a barrel. Tech fueling the gains in this session as the Trump Administration partially refuted some of those reports that it may potentially target chinese capital. The nasdaq gained. 8 . We are looking ahead of the asian open with a couple of markets on holiday. Paul that is right. We do have new zealand trading, currently looking kind of flat right now in new zeal
Hurting the economy. Retail sales and Hotel Offices tumble. Tourism from china sliding more than 40 . Shery later on Bloomberg Technology global link, we will talk about airbnb charting an unconventional path to the Public Market and how vcs are looking to disrupt the ipo business. Lets get you started with a quick check of the markets. U. S. Futures gaining 1 10 of 1 but this after we saw the s p 500 fall the most in about a month. We have the s p 500 finishing below its 50 Day Moving Average of 29. 48. Every sector turned to the red after we saw that we u. S. Manufacturing number appeared we had industrials leading the declines, not to mention banks moving lower as we had raising pressure towards the 1. 6 level. High volatility was pretty and the vix headed towards the 20 level as we have had october very volatile, if not the most volatile month of the year. That also having an impact on the markets. We are seeing u. S. Futures slightly higher at the moment. Lets see how asia futures