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June 28, 2024
Week. Welcome to everybody. Is the mess that is created dc hurting this country. The only thing that is bipartisan is just widespread throughout the capital. They passed with past with a hundred partisan vote. Its going to be these guys refuse to work with each other. That is a record. And a lot of the reason is because the gridlock in congress. We have no agreement on taxes or repatriation of money. We have no National Immigration plan. We cant fix immigration because the guys in dc cant get al...
June 28, 2024
No improvement in the environment, despite tens of millions there. The worst one medicaid over half a trillion dollars and the more money they spend the worst outcomes for the patients. If you take a look at the revised view. They say this was a spending bill. You have democrats with their own way to fix obamacare. More want to throw more money at insurers on the like. The deal, if theyre throwing more money at it. Im not oppose today spending more money, but it has to be upfront, people are get...
June 28, 2024
Daytoday, awaiting the headline gdp number for the Second Quarter, but looking to scrutinize domestic activity numbers, fixed Asset Investment, Industrial Production, retail sales, all expected to show stability and she lower. Given it is a key Political Year for beijing, we are looking at stability as the theme when it comes to growth. Take a look at this chart that paints a picture of the boring trajectory when it comes to that headline gdp number over the past two years. We have been hovering...
June 28, 2024
A very warm welcome to bloomberg daybreak europe. This is the focus of markets. Much of it has come through better than what was expected by economists. That has highlighted the stabilization of the chinese economy. On your bloomberg, you can pull this chart. Figures year on year numbers coming through, the constant price year on year in green showing the stabilization, in the words of chief economist ,eport china at citigroup saying this is an economy that has stabilized. Away from the growth d...
June 28, 2024
And im watching copper acteding better than expected up 1 . Now for a quick look at the week ahead. It is quite a week. Tomorrow earnings from bank of america and Goldman Sachs. Then Morgan Stanley. Then the inaugural meeting of the u. S. China economic dialogue will take place in washington. At 8 30 on wednesday we get u. S. Housing starts data. Economists forecast a jump for the first time in four months. Then thursday, followed by the president 45 minutes later. And the bank of japan will rel...
June 28, 2024
And the Senior Editor for politics at the atlantic. It has been a heck of a week. I heard the president before he left for france the frustrated over the fact the russia story will not go away. I have heard it suggested by some he saw this story involving his son as perhaps the Worst Development and worst day of his presidency. We have new developments. More new developments today. We have heard the president has hired a new criminal attorney, ty cobb. They have been looking for someone to come ...
June 28, 2024
Breaking investment rules. This is daybreak asia, coming bloombergsrom headquarters. I am shery ahn. Betty, it seems to be all about earnings this week. We had netflix overnight, but we are gearing up to bank of america, goldman sachs, ibm. Earnings season is usually friendly for stocks. We see another round of gains. Betty we absolutely will be. It is interesting because, you know, we know earnings will be a driver, but there is certainly differing consensus or differing aboutamong strategists ...
June 28, 2024
Goldman sachs on deck. Still up 7 10 of 1 . Front and center, will they disappoint . The banksides earnings, Mitch Mcconnell yesterday pulling the bill he had been working on to replace obamacare. Instead he says he will try to repealing the Health Care Law that keeping it in place while Congress Tries to figure out what comes next. Joining us now is Kevin Cirilli. , he develop in washington wants to repeal obamacare, will it happen . Kevin unlikely. With several sources that say that it is unli...
June 28, 2024
Slowing traffic. U. S. Markets close in two hours time, lets get check on where stocks are very we seem to be a standstill today. Never record, we have some red on the dow and s p 500, the nasdaq on pace for a potential record close read record close. The tech heavy nasdaq again on pace for a record close if it happens, the first since june 9. Not so far from a potential alltime high. Lets take a look at the chart on the bloomberg. Of until just recently, tech have been pulling back. Represents ...
June 28, 2024
In 2018, the margin was too narrow. To kevin cirilli. Andlso have sahil kapur megan murphy. Speaking to you a few hours ago. This is the third version of the Gop Health Care bill. Now, even a repeal one pass. What was senator mcconnell thinking . Mcconnells efforts to put together a straightforward repeal of obamacare have failed with three female senators and saying they will not actually do a vote to have the bill go forward in the senate. This was an interesting political move, it was an atte...