Now on bbc news, live to singapore for Asia Business report. Pals cutting comments to the fed chairman is defined in the face of trumps criticism and strongly hinted ata trumps criticism and strongly hinted at a rate cut this month. The digital divide. The us orders an investigation into frances planned new tax that will hit American Technology giants hard. Good morning asia, hello world. It is thursday thank you forjoining us for another exciting addition of Asia Business report. We start with the Us Federal Reserve and its chairman has brushed off heated attacks by donald trump saying he would not step down if the president asked him to. At the same time, Jerome Powell hinted that a potential rate reduction later this month as the world s most powerful central bank warned that Lawmakers Office continued uncertainty. All fed shares have a difficult balancing act. They need to keep inflation low and everyone at work. They also need to keep markets calm while being able to change their
Were the two profit drivers in the Second Quarter for General Motors and more importantly for investors, margins were above 10 and for the remainder of this year General Motors expects business to be Even Stronger in part because of pickup trucks in north america. Our pickup share in the Second Quarter was up close to 3 Percentage Points on a year over year basis. So we continue to see a lot of Strong Demand for fullsize pickups, suvs and crossovers. To drive that point home think about this. Year to date General Motors pickup sales, both fullsize and midsize up 25 . Thats one reason why gm is doing so well in north america which we saw in the 2q numbers. Eli lilly beat the street. Meg tirrell, the Company Raised its forecast for the year. The beat on the adjusted earnings was 16 cents. Raise only by 10 cents though. Ceo on squawk box this morning address what went into that question. As we are launching products and bringing drugs through our late stage pipeline that drives certain am
Okay go ahead. It doesnt have a clear lever and political mandates. The principal leader of the organization, the main political figure in result is the former president , Founding Member, a Founding Member of the wilson center, another program i laid there. The president has resisted calls by members of his party for impeachment of president dilma rousseff, thing that impeachment is not philosophical thing. Enough to cause. The causes are described in the constitution of brazil. He i think finally was able yesterday to unify the discourse a little bit by calling the governor of sao paulo and has abandoned this idea to try to call for new elections after obtaining the cancellation of the action which was a kind of not a viable opposition from the start. There was nothing particularly wrong with the way the president was elected. Thit should not be pursued. But president cardoso after the rallies that took place on sunday, had about 800,000 people in the streets. They were smaller, the
The s p up by 3 and nasdaq up by 15 this comes after all the markets looks looked very strong yesterday. The dow was up by 260 points s p was up by 26 it was a record close for the s p 500 and thats its first since august 7th the dow closed at a onemonth high take a look at whats been happening in europe this morning. The gains we saw yesterday as concerns about irma faded a bit and, again, some concerns about north korea not quite as potent as they had been as we headed into the weekend this morning, it looks like a bit of a mixed picture in europe most of the major bourses are higher with the dax up by. 5 and a similar gain in france the ftse is down by about. 2 . Lets flip the charts and see what happens overnight in asia youll see when it comes to asia, there were some closes actually, lets go excavate to the currency check it looks like the dollar is down a little bit against the euro today. Below 120 for the first time if in several days. 1. 196. Dollar is up against the yen, 109
Where they were this morning. Not doing a lot as we wrap up the week. The nasdaq, one point this morning up almost 5 10 of 1 , half of 1 , and now off of those. Green on the screen here. Apple, forw movers, example, one of the biggest gainers, and oracle, one of the as they arers here missing on some of the cloud revenue. That is what i am looking at. Lets recap for the week. Come over and my terminal, you will see we are much higher on the week for all three of the major indices, that is after last week when we saw some losses. We have some risk off dealing last week, revisiting that 2 level on the 10 year, and this week a little bit higher with yields up 15 basis points on the 10 year, so that reflation trade is certainly back on as we recap the week. I also want to look at some other major movers for the week ecowas asked fax, for example, down 5 here at the quifax down 5 tier after that breach. Elizabeth union out this morning, trans union down or elizabeth 4 , warren out this morn