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July 3, 2024
Billion of foreign currency. But one of the biggest impacts globally has been on the Oil Pricejumping up by 5 on monday at one point it has since stabilized. Heres sameer hashmi. Joining me now is amrita sen, dounder and director of research at energy aspects. Give us your sense of what is happening right now. Prices are easing off a little but it is a wait and see mode, isnt it . Absolutely. What the market is afraid of is a wider escalation in the region. Obviously the market is focused on tha...
July 3, 2024
If the conflict spreads to other parts of the region especially iran, it could immediately impact well prices because even though iran has been under sections for the last two years it has pumped well quietly and provided them to customers across the globe. The white house has turned a blind eye especially with the last year or two because its been trying to smooth relationships between iran and the western world. Now if the white house enforces the sanction that means the supplier from sanction...
July 3, 2024
Wednesday october 4, 6 00 a. M. On the east coast. Today remote on capitol hill gop lawmakers meeting all day to discuss who will take over for Kevin Mccarthy after the california congressman was ousted from his position yesterday as democrat side with a republican to lead the motion to vacate the speakers chair. The one thing i will tell you, doing the right thing isnt always easy but it is necessary. I may have lost about today but as they walked out of the chamber i feel fortunate to observe ...
July 3, 2024
Surging after chips turned profitable for the First Time Since 2022. This is part of a much bigger global theme where seeing of the Ai Development boom that it is turning the cycle after so much of a downturn. We saw the 4. 8 billion net income number, so a handy beat. That is about four times samsungs earnings just a year earlier. Samsung coming online now. Up about. 1 . We will continue to watch and wait to see how investors react to that stock even know it is up about 17 over the past year, i...
June 30, 2024
Will today announce if it plans on raising Interest Rates for the worlds biggest economy. Any rise will be seen as an endorsement of not only the strength of the American Economy, but also the Global Economy, ten years on from the financial crisis. There have been three rises since december 2016 and markets are already factoring in another rise later today. Us Economic Growth has hit an annualised rate of more than 3 in the past two quarters, while the Unemployment Rate is at its lowest since 20...
June 30, 2024
A few minutes early, again we are seeing a trend from the shift of the old economy to the new economy. We have the january manufacturing coming and at 51. 3 and we are still comfortably above that level. We were looking for a number of 51 point six. They are easing back of the more than expected. Not manufacturing though. 55. 3. That is better than decembers 55 number. That includes services as part of that component there. Gaining a little more pace. This is the rebalancing that policymakers ha...
June 30, 2024
On infrastructure . Is it a different day tomorrow because of what happened tonight . No. And that they bloomberg do a story was morning there are so many problems they have to solve. Taking on infrastructure is just not going to happen in this congress. A really angry Democratic Party sitting on their hands even for policies they agree with will make for a very difficult to know more three weeks. How can they sit on their hands when the streamers are going to get deported by what . March five ....
June 29, 2024
The labor market remains strong. Teen the debt came can still getting kicked down the road and continues. Haidi toshiba agrees to sell its units to the bank consortium. A little while ago, we had an absolute welter of japanese data. It was good in parts. One of the ones that was anodyne with Household Spending. Went it is really showing is how japans households, perhaps the increase in august, 6 10 of 1 was pretty much expected reversing a slight decline in july. Positive signals. Auto sales reb...
June 29, 2024
Channels and 1,000 videos were likely linked to moscow. However, it says the viewership of those videos was low. Lets kick it off with breaking news. Industrial production numbers for september, coming out, blowout numbers here on the year on year figures. 8. 4 for the month of september. The estimate was for 4. 8 . Month by month though seeing a mills. Still seeing quite a bit of resilience. Especially when it comes to year on year. This is the highest weve seen in four years on the factory sid...
June 28, 2024
Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market t...