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June 23, 2024
Days. Francine it is all about the fed, and those odds about them hiking just got that much lower. Tom but i would also suggest it is about the real economy. John norman joins us from bank of America Merrill lynch. This is a real economy discussion filtering in. Francine lets get to bloombergs first world news in new york. Isnie president obama pushing back his timetable to bring americans home from afghanistan. The white house is expected to announce today that they will keep at least 5000 troo...
June 23, 2024
A very warm welcome to the pulse. Im manus cranny. Beer, beer, we want more beer. Lets begin with a megadeal. Sab miller shares are up this morning. Made a formal offer to buy the company for 107 billion. The merger will make the industrys biggest ever deal. Sab miller will sell its stake in millercourse. Lets get more details on that deal with ryan. This is a relatively complicated agreement and it has taken a number of years to get there. Ryan it has. It has been exactly eight weeks since sab ...
June 23, 2024
We want to keep an eye on currencies today. The eurodollar trade will be key when we hear mario draghi speak. He can seat euro weaker against the dollar. What we have been seeing is the dollar using steam against the euro and the yen, retreating. Against the yen. I will bring up the dollar yen now. This is all about the u. S. Yield came out of the fed minutes, not just about the prospect of a rate rise, but also the gradual path of rate rises after that, next year. That is what is playing into t...
June 23, 2024
London. Manic morning for the markets. Let me take you through the moves we have seen already. Europe is seeing something of a bounce. London is up because the miners are trading higher. The normal names we have been tracking since the beginning of the year up very sharply. It is the commodity trade that is on. The dax up. 3 . . Ock 600 up by. 2 the Banking Sector has been putting focus on the cs numbers. We will talk about those in the moment. Massive move yesterday for the price of crude. Toda...
June 21, 2024
I am amused by those who point to the small size of the Greek Economy to the relatively small size of the Banking System and suggest it means it has no or very little systematic risk. I think we should have learned over the last two years that none of us can fully and easily anticipate where Systemic Risk may come from. European stocks advanced on news of the greek retreat. Germanys 10 year yields are below those of japan for the very first time. Australia, the central bank unexpectedly cut its ...
June 19, 2024
Welcome everybody to todays hybrid hearing. Pursuant to house rules some members and witnesses will appear in person and others will appear by zoom. I know you are familiar with zoom by now. Let me remind everyone of a few points. First, the house rules require that we see you. Please have your cameras turned on at all times. Second, members appearing remotely who are not recognized should remain muted to minimize background noise and feedback. Third, i will recognize members verbally, members r...
June 19, 2024
Good morning everybody, welcome everybody to todays hybrid hearing. Pursuant to house rules some members and witnesses will appear in person and others will appear by zoom. I know you are familiar with zoom by now. Let me remind everyone of a few points. First, the house rules require that we see you. Please have your cameras turned on at all times. Second, members appearing remotely who are not recognized should remain muted to minimize background noise and feedback. Third, i will recognize mem...
June 19, 2024
Republican members blames the Biden Administration and democratic policies. This program runs about one hour 30 minutes. Good morning everybody, welcome everybody to todays hybrid hearing. Pursuant to house rules some members and witnesses will appear in person and others will appear by zoom. I know you are familiar with zoom by now. Let me remind everyone of a few points. First, the house rules require that we see you. Please have your cameras turned on at all times. Second, members appearing r...
June 19, 2024
Ohlone acknowledgment. We are on then set roll only land of the Ramaytush Ohlone the original inharsh tans of the San Francisco peninsula. As the stewards of this land and accordance with traditions. The Ramaytush Ohlone have never seated, lost or forgot responsibilities as care take and all people who reside in their traditional territory. As guests we recognize we benefit from living and working on their Traditional Home lavenld we wish to pay respects by acknowledging then cestors, elders of ...
June 19, 2024
Original inharsh tans of the San Francisco peninsula. As the stewards of this land and accordance with traditions. The Ramaytush Ohlone have never seated, lost or forgot responsibilities as care take and all people who reside in their traditional territory. As guests we recognize we benefit from living and working on their Traditional Home lavenld we wish to pay respects by acknowledging then cestors, elders of the recommend Ram Community affirming their rights as first peoples. Thank you Vice P...