Katie theres a lot of right on the screen. Big tech also down 1 after the cpi figures with 10 year. Lets talk about that hot inflationary data slamming the door on the june fed pivot. Across the board this came in higher than expectations . Mike both headline and core was up. 4 which pushed up the year over year rate. A big disappointment to wall street. A disappointment to the fed. The fed has not moved its target rate since july of 2023. The inflation rate has stalled out. We have not seen inflation rise since then it has stayed roughly in the same place. It hasnt gone down and that is keeping the fed and investors unhappy even though the fed follows the pce numbers, these numbers matter to the market which banners to the fed. This means a big change in expectations. The market has priced out a june, july and september price cut and now we are back to a september rate cut but only to this year. Will the fed ratify that . They dont produce a new dot plot until then but the may meeting
Point. Im javier and im glad to be joined by todays guests. Im going to introduce them to you. Is point. Im javier and im glad to be joined by the senior germany correspondent for the economist based in berlin felix lie is a journalist, a longtime correspondent in china and currently works for the specialist german news outlet china table. And isha baa is my colleague from dw. She is joining us from delhi to all of you. Thank you very much for being with us and lets cut right to the chase. Felix. Id like to start with you xi jinping certainly knows how symbolic it is not to attend a g 20 summit for the very first time. What do you make of his decision . Well, officially theres no, theres no official announcement, so we do not know for sure what the reasons why hes not attending theres no, theres no official announcement, so we do not the g 20 summit in delhi. But i think its not so much meant against india. I mean, there are rivalries, there are disputes, border disputes, but they exis
Point. Im javier and im glad to be joined by todays guests. Im going to introduce them to you. Is point. Im javier and im glad to be joined by the senior germany correspondent for the economist based in berlin felix lie is a journalist, a longtime correspondent in china and currently works for the specialist german news outlet china table. And isha baa is my colleague from dw. She is joining us from delhi to all of you. Thank you very much for being with us and lets cut right to the chase. Felix. Id like to start with you xi jinping certainly knows how symbolic it is not to attend a g 20 summit for the very first time. What do you make of his decision . Well, officially theres no, theres no official announcement, so we do not know for sure what the reasons why hes not attending theres no, theres no official announcement, so we do not the g 20 summit in delhi. But i think its not so much meant against india. I mean, there are rivalries, there are disputes, border disputes, but they exis
Book tv. Secretary of state Rex Tillerson spoke about relations with india at an event hosted by the center for strategic and International Studies in washington. He called for strengthening the Strategic Partnership to bolster indias military capabilities. This is just under an hour. [applause] good morning everybody. With aing to start little safety announcement. I learned this from secretary tillerson. Every Public Meetings begins with an announcement of how we will take care of you. I am responsible for that. Follow my instructions. The exits are right behind us. Stairs lead to it. Go down to the first level and we will take to lefthand turns and meet at national geographic. There will be ice cream for you when we get there. No worries. Welcome tot say richard spencer. We are glad you could join us today. It was about a year ago i was having breakfast with Rex Tillerson. He is now secretary tillerson. He announced he was going to be retiring. You were talking about how we would con
In powys in mid wales. Now on bbc news all the latest Business News live from singapore. Samsung electronics is bringing in the profits due to demand fred s smartphones in india and rising sales of its semiconductors. Singapore opens a new airport terminal which is highly motor highly automated. We take you there are on its opening day. Good morning, asia. Hello, world. Its tuesday. Welcome to this edition of Asia Business report. I am rico hizon in singapore. We start off with samsung and its memory chip sales are responsible for booking record quarterly numbers which came in at record quarterly numbers which came inata record quarterly numbers which came in at a whopping 10 billion for the three months until september. Smartphones that sales driving profitability higher, particularly indian demand which has overtaken america as the second largest market for smartphones after china. Samsung cell phone shipments to india are up 30 from the same last year. But chinese rivals are hot on