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June 23, 2024
Accepted a sweetened offer. China cracking down on peertopeer platforms. Theyre vowing to cleanse the market. The platform should serve as an intermediary. Says theys the pboc are strengthening oversight of online payment firms. Kong,e of markets, hong shanghai, swinging back into gains. Gains in some parts of the region today. Those are your top headlines. This is bloomberg west. Cori im in for emily chang. Mark zuckerberg fires back at his critics about expanding Internet Access in india. tis ...
June 23, 2024
Come back. We thought we would see a meandering market. Ramy markets did shrug off activities. Oil also a factor today. Looking at the board, the s p 500 up 8 10 of a percent, 9 10 of a percent. Take a look at the s p year to date. I want you to see where we started and where we are now. We are basically right where we began year to date. We are only 1 off. And you know, betty, we will have four straight years of gains. Im not sure if you could call that a santa claus rally. Green. D be in the a...
June 23, 2024
York and onceew again, a series of negative headlines. Is point around north korea that they say they have successfully tested a Hydrogen Bomb. With north korea, it is very hard to vera why the facts. To verify the facts. Guy it reduces the size and increases the yield of the device. As a result, maybe one step further forward to them being ale to put a device on missile and hit targets around the region. Another reason for global instability and regional instability. Which is more significant t...
June 23, 2024
Major averages around half a percent. Take a look at my bloomberg terminal to see how the sectors are shaking out here. Materials are also declining. Telecommunication stocks now the only Group Trading higher. It has now come off as well. On the commodity complex, not just oil but some of the other commodities. Heres the percentage change on the date. Higher by 8 on the outlook for Colder Weather, but if you go down the line you see a lot of credit, whether it is metal. We see a lot of declines ...
June 23, 2024
Welcome. Edwards. Nna lets go here. We have the new year and the starting with the composite down down earlynzhen is with the latest manufacturing data. Manufacturing is dropping for the fifth straight month and i have a touch of all of these for you. Of course what we have is the it was embassy and attacked. The west texas intermediate and the Political Risk here, you have the number one producer and number five producer on the back of a record two years we have seen. It is a political rally an...
June 23, 2024
Gap between chinas onshore and offshore currency has widened to a record after they cut again rates for a seventh straight day. The offshore saying thats going to a fiveyear low. That is the weakest level since april 2011. Lets take look at the markets. Closed for the lunch break, here is how they were trading in the morning session. The hang seng down close to 1 . Afternoon they say this is the picture in singapore, tokyo, red. Ubai all seeing some north korea confirming this nuclear test. Emil...
June 23, 2024
Welcome to the pulse. We are just getting breaking news. Euro area december services pmi are unchanged at 54. 2. But when you look at the strength of the economies. France weaker than expected. Germany doing better than expected. The most volatile start to the year since 1999. 1. 0732. Dollar at mark china again devaluing its currency or weakening its currency in an orderly fashion. The currency falling to a fiveyear low. This is the last 8 trading days the currency has fallen against the dollar...
June 23, 2024
Flights have been canceled across the u. S. 2600 more have been delayed. Global news 24 hours a day. More than 150 news bureaus in the world. Cori im in for emily chang. Mark zuckerberg fires back at his critics about expanding Internet Access in india. tis the season for jeff bezoss net worth to soar. Gender and racial equality are back in the spotlight as twitter names a new head of diversity. Facebooks Mark Zuckerberg making a personal appeal in one of indias leading newspapers insisting that...
June 23, 2024
Coming up to 2 the way that the fed target for inflation has it. The other thing theyre worried about, expectations. Some members said that expectations are lower than they were for inflation. Meaning that perhaps, perhaps expectations have been anchored at a lower rate and it will be more difficult to get them back up. There was a discussion of how dallas measures inflation, how cleveland measures inflation. They have to do is keep that target credible. If they use the word credibility, it mean...
June 23, 2024
55. 3 is the reading. 56 is what analysts had been anticipating. This is a current number for the month of december. Its one of the first data points we get for last month. 55. 3 was the reading, a little lower than the 55. 9 recorded the prior month. There was a little bit of concern we would see a follow on from the manufacturing number they came in much weaker than estimated. It does not like the followthrough is that poor on a relative basis. We will be watching. And durable goods orders, th...