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June 25, 2024
Will cover all the commodities. Caroline hyde in paris on a warning by the oecd, and Ryan Chilcote in vienna previewing the opec meeting. We begin in asia where Prime Minister shinzo abe has decided to postpone an increase to the sales tax. Delayed once, it is twice, and i am wondering if we will ever get it. Enda i think it just shows you how nervous the outlook is for japans economy. Japan has the biggest debt burden and they have been trying crying out for the government to do more to tackle ...
June 25, 2024
Ith tom keene in new york there is a lot in the markets. The havens are under pressure. The yen at 103. We need to look at the banks, as well. Tom more than i expected 12hours ago. This has been a massive adapt and adjust to the pageantry we saw yesterday afternoon at the yellen press conference. I dont know where to begin on the market interdependencies right now. It is an extraordinary morning. Francine i know you are looking at swiss. We have a great interview with this was with the Swiss Nat...
June 25, 2024
It seems like brexit is underpinning every investor fear and driving markets lower. It seems the Brexit Campaign is gaining serious momentum. Tom i guess i look at it like the fed meeting tomorrow. The Brexit Debate is data dependent. When i am fascinated by, i know we will touch upon it through bremainance, how do the people respond to what you see . Francine i do not think it is data dependent. I think there is emotion and it is a very Clear Campaign from the brexit people saying if you are hi...
June 25, 2024
It is that we have a broken political system we are trying to understand. How did it get to this situation you have with the divided party and what are the repercussions in europe . We are just trying to figure out where it goes and what it means for us here in europe. Tom i totally agree and particularly nation to nation as may makes a visit to merkel today. Now to our first word news, heres taylor riggs. Taylor Donald Trumps son announced that he had the number of votes needed to win the repub...
June 25, 2024
Of trading this week. The dax off by 0. 8 . ,f you lift out the stoxx 600 the biggest moving group is travel and leisure, perhaps no surprise. Switch up the board very quickly. Look at this. Dollaryen. Potentially the biggest weekly gain for dollar and in dollaryen in percentage terms in years. Treasuries having their worst week so far this year. 1. 54 of the u. S. 10year. David w. turning to the attack on nice, president hollande held an emergency meeting after 84 people were killed during a te...
June 25, 2024
Country are tonight roaming free to threaten peaceful citizens. Nearly four in 10 africanamerican children are living in poverty. Two million more latinos are in poverty today than when president obama took his oath of office less than eight years ago. Our trade deficit is 800 billion. Think of that. In 2009, prehillary, isis was not even on the map. Libya was stable. Egypt was peaceful. Iraq was seeing a big reduction in violence. Iran was being choked by sanctions. Syria was somewhat under con...
June 25, 2024
Equities, a little push back. Morgan stanley saying we will see maybe 1 in the First Quarter of next year for the 10 year yield. Some selling in stocks today. The money flowing to some extent into treasuries. The dow had been holding up relatively well. Still down the least. Back into the red. Pulling back from the record close yesterday for the dow and s p 500. The magnitude of the drop is not big, only one third of 1 for the s p 500 but the brett of the decline pretty broad. All of the s p 500...
June 25, 2024
Surveillance. I am Francine Lacqua in london, tom keene in new york. The banks are the biggest industry losing ground in europe and you have Credit Suisse, ubs and commerzbank down between 7 and 8 . Tom i would note when i walked in the door american oil was below 40 a barrel. Francisco blanch is going to join us in a bit, but it is a deceptive tuesday. There is a lot going on. Francine lets get to the bloomberg first word news. Japans economic stimulus plan will increase spending by 45 billion ...
June 25, 2024
From export companies today. Supporting the overall nikkei even though as you say theyre still some nervousness about whether is it going to be more stimulus added to japans economy. A very good pickup coming through on the high one index. It is up by half of 1 . The retailer and the insurers are looking quite good there. We are watching the Property Developers quite closely with beijing planning to raise the down payment for some secondhome buyers. We are waiting for the cpi number from austral...
June 25, 2024
Immigrants with criminal records ordered departed from our country are tonight roaming free to threaten peaceful citizens. Nearly four in 10 africanamerican children are living in poverty. Two million more latinos are in poverty today than when president obama took his oath of office less than eight years ago. Our trade deficit is 800 billion. Think of that. In 2009, prehillary, isis was not even on the map. Libya was stable. Egypt was peaceful. Iraq was seeing a big reduction in violence. Iran ...