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Speaker 1: Shane Sally Harbor Esset Management with US Now.

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Speaker 2: Hi Shane, Hello here.

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Speaker 1: So we've got the company profit reporting season for the

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Speaker 1: December period about to start. What should we be thinking

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Speaker 1: about as investment?

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Speaker 3: Yeah, yeah, good question. So it kicks off this sasday

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Speaker 3: with scaler up and then we get really busy next week.

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Speaker 3: Twelve of the zone companies reporting reporting season might be

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Speaker 3: a bit viatile is we're reporting on a period that

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Speaker 3: was quite challenging if you think about the last six months,

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Speaker 3: last twelve months, so there is a rest there. We

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Speaker 3: get a little bit of disappointment of versus expectations on

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Speaker 3: the extra results, but forward looking statements that's what markets

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Speaker 3: will focus on. We've seen companies being pretty conservative up

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Speaker 3: until now, but maybe they start to talk a little

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Speaker 3: bit more optimistically, particularly some of the companies that are

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Speaker 3: put in major strategy changes. GIN tellers have got better

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Speaker 3: lake flows, We've seen recoveries and things like HP retirement

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Speaker 3: tours and technology. So the tone is a lot better

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Speaker 3: this year than it was a year ago, but we've

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Speaker 3: still got to get through what it was.

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Speaker 2: Yeah.

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Speaker 1: And now on China, I mean you make the point

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Speaker 1: that its economic growth has continued to slow in this

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Speaker 1: and talk that the government may over there change its

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Speaker 1: growth target. What does that mean for US?

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Speaker 2: Yeah?

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Speaker 3: Yeah, look, so five percent has been the magic number,

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Speaker 3: and so there's something to talk about. It may move

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Speaker 3: from the specific target goes to four and a half

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Speaker 3: to five rather than five. Really, for US, it's less

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Speaker 3: important about what the number is. It's about what it

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Speaker 3: is and what it appears. That if Chinese exports are resilient,

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Speaker 3: then they won't stimulate the domestic economy and they'll get deflation.

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Speaker 3: But if the exports aren't good, then they'll pump the

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Speaker 3: domestic economy out.

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Speaker 2: So really the peers on what part of our urine

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Speaker 2: and the zeal economy.

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Speaker 3: If it's consumption, If it's about pumping up that domestic

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Speaker 3: we might get more tourism, we might get more demand

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Speaker 3: for our produce. If it's more of a heavy stuff,

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Speaker 3: then maybe we get a little few logs out, but

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Speaker 3: we probably want more consumption.

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Speaker 1: Now at the US, on the US rather, the share

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Speaker 1: market was up two percent on Friday night, lead by

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Speaker 1: that technology stuff. How did the local market react?

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Speaker 3: Yeah, yeah, So we had an announcement on Thursday from

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Speaker 3: Amazon and saying they're going to spend turnd BI and

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Speaker 3: just a lazy two hundred bie and he.

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Speaker 2: On semiconductors and data centers.

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Speaker 3: And when you combine that with Microsoft and Meta and Amazon,

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Speaker 3: they're going to spin on alphabet. I should say they're

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Speaker 3: going to spend seven hundred bill in this year. So yeah,

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Speaker 3: it did kick the market up a bit of the

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Speaker 3: bounce in the takes space. Here in New zerone, we're

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Speaker 3: a bit more software Sentrome software. It did actually do okay.

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Speaker 3: Overall New zero market flat on the day, but we

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Speaker 3: saw things like Vista Group up five percent to a

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Speaker 3: dollar ninety, Gin Track up three percent to seven twenty four,

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Speaker 3: and for two up one point.

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Speaker 2: Nine percent to eleven. They owned a lot of data centers.

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Speaker 3: And Ozzie listed zero up one percent and one point

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Speaker 3: three percent said eighty two to eighty. We're going to

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Speaker 3: be careful. It's pretty volatile in that space. That does

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Speaker 3: suggest people are starting to look again good stuff.

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Speaker 1: Hey, Shane has always really appreciate talking to you. Look

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Speaker 1: after yourself for talk next week Shane Sally Harbor Asset Management.

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