Continues to look dicey ahead of critical Earnings Report next week well discuss what is riding on that during this final stretch of trading elsewhere, chevron, a huge drag on the dow today after its earnings and concerns about its planned deal with hess j j, amgen, look at them also weak them, weak spots, de health care putting in a tough week we are watching jpmorgan, too, you heard the news yet again a moment ago, down near 4 jamie dimon will share some shares for the first time as that companys ceo it does take us to our talk of the tape what might the week ahead bring with apple on deck the fed meeting in focus, and probably so much more. Lets ask the chief Investment Officer for new edge wealth with me here, good to see you welcome back as i said, an ugly end to a pretty rough week, what do you make of it it would have been nice to see a healthier bounce, mostly coming out of yesterday, where a lot of the indices got shortterm oversold. We saw the rsi hit oversold levels some of
Let me bring you two new lines coming in in the last few moments. Reuters news agency reporting that alerts are being sounded in more towns in northern israel. Warnings of incoming aircraft, i say aircraft, the thought is we are talking about drones. That is happening in the north, alerts in more towns in northern israel with warnings of incoming aircraft. We are keeping an eye on that, we have been talking to our correspondent on the borders with lebanon so well get the latest on that line. And diplomatically the Afp News Agency reports that china has urged, quote, an immediate ceasefire in a call with palestinian officials. That is coming from the Foreign Ministry in the last few seconds. If there are more details we will obviously return to those. Time for a look at the Business News now with ben thompson. Thank you, matthew. We will look through some of those top Business Stories right now. Economies around the world are assessing the potential fall out of the conflict between isra
International monetary funds Chief Economist Pierre Olivier gourinchas. The imf and the world bank are having their annual meeting in marrakech and later today, Finance Ministers from the 620 and Central Bank Governors will be meeting to discuss the health of the Global Economy. According to the imf, Global Growth remains dampened by Supply Chain Disruptions linked to the covid 19 pandemic and russias war in ukraine, persistently high inflation, and spiralling borrowing costs. Heres our economics editor faisal islam. The message from the imf for the 190 Finance Ministers and central governor business in marrakesh is that the World Economy they hope had turned a corner after three years of rolling your clinical crisis. Well, it is limping forward rather than sprinting forward now with geopolitical crisis. Slowdowns in very specific countries like china that they had not expected. There is an additional worry about this new higher for longer Interest Rate world that might affect the bank
Significant additional risks. Speaking this morning, ahead of the Imf World Bank meeting in marrakesh, ms yellen said washington was monitoring the potential Economic Impact of the escalating conflict. While we are monitoring potential Economic Impacts from the crisis, im not really thinking of that as a major likely driver of the Global Economic outlook. So we will see what impact it has. Thus far, i dont think weve seen anything suggesting it would be very significant. Janet yellen speaking earlier. Joining me now is gregory peters, co chief Investment Officer at pgim fixed income. Thank you for being with us. Janet yellen says so far things are ok, that there are lots of moving parts right now, notably how long this conflict goes on for and who else if anyone gets involved, i am thinking of saudi and iran. It is anyone gets involved, i am thinking of saudi and iran. Of saudi and iran. It is clear there are lots of of saudi and iran. It is clear there are lots of moving of saudi and
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