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That position mirrors that ofjoe biden, who said back in march that us Steel Corp should remain a domestically owned american firm. Us steel it should remain american owned and american operated. In other News Volkswagen is considering Closing Factories in germany to cut costs. Its an unprecedented move and sets up a showdown with powerful unions. The Auto Maker which employs around 680,000 staff is struggling with its passenger car brand. Profits are getting squeezed amid the transition to elec...

The u. S. And china are dusting off corporate deals in anticipation. Austria braces for a hotter weekend as fires continue to burn out of control. Thousands are urged to seek shelter. This justin, the u. S. House is voting on the or powers resolution. , as is mostly symbolic resolution that would seek to limit the President Trumps options for military action against iran. House speaker Nancy Pallone says democrats were not satisfied by the administrations justification for last weeks airstrikes ...

Thats with a t, according to the wilshire 5,000, the Goldman Sachs is warning that the good times could come to an end if one of the many Many Democrats pushing to reverse trumps tax cuts takes the white house next november. Goldman is estimated for every 1 change in the effective Corporate Tax rate, there would be a roughly 1 change in s p 500 earnings per share. And if tax cuts were entirely reversed, it could even shave off half a percentage from our gdp. The economy, liz, are they being over...

For more on all our stories go to the bbc news website. The address is bbc. Co. Uk news or download the bbc news app. Now on bbc news, live to singapore for Asia Business report. Hong kong protests and business as the city sees the 13th week in a row of demonstrations, we will get the impact on companies. Indias economic slowdown, with the growth figures available, what the government is doing to attract investment. Happy friday, everyone. Welcome to this friday edition of Asia Business report, ...

Katie welcome to bloomberg markets, its a quiet start to the trading week when you look at the bench marks. The s p 500 behind me, its slower, just slightly. Were talking about a tenth of a percent there. Still really healthily above the 5,000 mark. Well see how that shapes up. You look at big tech, things are a little worse off there. Of course, weve been talking about apple, and you can see the nasdaq 100 currently off about. 3 , but its early. A lot can happen there. And then you take a look ...

are hit with major delays at the nations a airports, a lot of pain at pump and sky-high groce ifly bills. that has a lot of americans asking this july 4th weekend, when is freedom from these challenges coming? were tracking all of it with alexis mcadams at missouris laguardia international airport -- new yorks, kelly to grady and stew leonard jr. from his supermarket in norwalk, connecticut. happy fourth, everyone. hope youre dealing with some of the headaches but all of the patriotic ...

Good morning. This is daybreak europe. These are the stories that set your agenda. Global stocks rallied with the s p 500 hitting a new record high as cooler u. S. Inflation reinforces bets on fed rate cuts. Slovakias Prime Minister in the hospital after an attempted assassination. The shooting brutally exposing the widening the political divide in the nation. Vladimir putin is getting the red carpet treatment in beijing as he looks to xi jinping for backing in his war against ukraine. Lets chec...

Any news of prices falling increases the hopes from investors that the fed will start cutting the main interest rate, sooner rather than later. Joining me now is wei li, global chief Investment Strategist at blackrock. Thank you for being here. What impact is this having on the markets this morning . This is a welcome relief. We are seeing some information as expected. Part of the inflation is cooling down a little bit coming from very elevated levels earlier in the year. Also encouraging the co...

City this morning, good morning. For our audience worldwide, this is bloomberg surveillance coming in to wednesday with the nasdaq at alltime highs. Equity futures just about positive. Your lineup looks a Little Something like this. Cpi data in america alongside u. S. Retail sales Neel Kashkari, nikki bowman with a lot to say about this inflation backdrop. If they really want to give some sort of hawkish message this market is not listening. They want to rally on the disinflationary pivot regard...

Sonali coming up. Consumer confidence starts to break. Inflation expectations stay high. That is all as investors await cpi data just days away. We begin with the big issue. The fed confidence to cut with messy Economic Data. The fed is looking closely at the data. It is looking at the totality of the data. Wage growth is sticky. The fed is likely going to take a to the economy. I think later this year, we will get our first cut. If they dont cut in september, likely to cut in december. The firs...