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July 6, 2024
Faded across the european space. We started with some upside for european equities and we are closing out the session across the benchmark down a 10th of a percent. Never mind that you saw Material Impact from some of these policies coming through over the weekend in cities like beijing and shanghai with a tick up in home sales. Not enough to maintain momentum across the european space. We also saw yields on european debt taking higher. As you look to the restart of trade on tuesday after the la...
July 5, 2024
Stuck in the mud. Some 70,000 people stranded at burning man. Heavy rain stranding them in nevadas desert while roads are expected to be reopened today. Were following the latest. Plus President Biden sticking with a familiar playbook, talking up the state of the u. S. Economy and shoring up union support. But is it working . New polling showing the economy could be the biggest threat to his reelection. And a leadership shakeup. Ukrainian president zelenskyy dismisses his Defense Minister and sa...
July 5, 2024
We begin with news of a potential meeting between two of washingtons biggest geopolitical rivals. Kim jongun may be heading to russia where he would meet face to fmeet facetoface with President Putin. Kylie, first to you. How does the u. S. View this meeting . Sounds troublesome. Well, listen. A spokesperson said that the u. S. Is urging north korea to cease negotiations. Any Arms Negotiations with russia. This comes as xis also saying the u. S. Has information that its kim jongun who is expecti...
July 5, 2024
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July 5, 2024
Opec supply cuts will tighten the market. It is labor day in the United States and canada, the regular band is out for the holiday and ive taken over for the interim period. A little bit of visibility of what is open. What we know is currently offline are the cash, u. S. Equities and theres also no cash u. S. Treasuries. Many firming up by 1 5 of 1 . The folks at jp morgan and Goldman Sachs making an argument around the story. In terms of valuations those are looking stretched. International equ...
July 5, 2024
A burning man mess, thousands of festival goers, theyre not going anywhere after rain turned the Nevada Desert into miles of impassable sludge. But organizers say there could be movement soon. And in a labor day speech, President Biden touting his handling of the economy with low unemployment and inflation trending down. He says bidenomics trumps his predecessors records, but new polls show most americans arent buying it. And welcome back to earth, nasa astronauts splashing down after six months...
July 5, 2024
To tout his economic policies. Millions of americans headed home as the Holiday Weekend wraps up. We will tell you if you will make it on time. Kate and sara are off today, im john berman with Rahel Solomon and this is cnn news central. This Morning Tens Of Thousands of people, cars and campers are literally stuck in the mud and trapped at the popular burning manifest val. This after a rare rain event swamped nevadas Black Rock Desert. For days thank Ankle Deep Mud has made driving impossible. O...
July 4, 2024
Welcome to Bloomberg Markets. Before we get to that we have the bank of canada. Guy a bit of a nonevent. 5 matching. Im curious to see what ted macklin has to say though. He cannot make the same mistake he made in january. He cannot say we will pause, i think they will avoid that this time around. It will be interesting to see if the ecb and the bank of england make the same decision. How they are hawkish but keep pausing at the same time. We are near the top of the cycle on Interest Rate. But t...
July 4, 2024
His pleas for mercy fell on deaf ears as the Federal Judge who imposed the sentence said he had no indication of remorse. Plus, the worlds two biggest pariahs, Vladimir Putin and kim jong un, soon to meet for an exclusive summit for dictators. What u. S. Intelligence says that they believe theyre plotting. And also today, Senate Minority leader Mitch Mcconnell returned to capitol hill as some of his fellow republicans even are raising concerns about his health. What he could say Behind Closed Do...
July 4, 2024
Downright unnerving. Were now looking at the other side of what the feds been doing to stamp out inflation, and its a big reason why the dow lost 199 points. The s p shed and the nasdaq 1. 06 . Were going have to learn with not a collapse in commerce, but definitely a slowdown. Along with the decline in profitability that always comes at this particular point in the business cycle. Each day we see more of these cracks. Extremely disappointing numbers from southwest airlines, luv. But there was n...