Interest Rate Side News Today

and we will try to watch those throughout the programme but we will also look at some of the top business stories because they are developments in banking. first republic has failed in the us but it has been rescued and of course there are concerns about the wider banking industry and another us bank has collapsed and that has caused shock around the world. first republic will be taken over byjp morgan in a deal orchestrated by regulators and it has been under pressure for weeks as cus...

there. with china in mind. but as biden prepares to head overseas, there are concerns that north korea is preparing to test an intercontinental ballistic missile in the coming days, one more dose of saber ra rattling. the other major story were following, the u.s. economy in flux, to say the least. wall street set for another rough day, dow futures already down. you see there this morning. after the markets worst day in nearly two years yesterday, ending down nearly 1200 points, 3.5% o...

And a higher credit costs down the road but in the near term i would think the risk on the interest rate side should be mitigated now that we are nearing a peak interest rates. david, very good to get your thoughts. thanks forjoining us. nearly a quarter of alljobs around the world will change over the next five years and that is as technology continues to change the way we work, according to the world economic forum, and in the futurejobs report, the organisation says the adoption of technology...

Compared to other economies. it is still very low, and i think they will continue hiking interest rates. the only question would be if they continue with jumbo rate question would be if they continue withjumbo rate hikes likely did in october, and in the summer, 75 basis points, slowing down the pace of it, so the ecb has to balance between on the one hand between fighting inflation but on the other hand, we are looking at doing too much on the interest rate side which could actually increase or...

Get some of the stocks hopefully lower. anyway, thats what the financial heads tell us. gina, on the interest rate side, how should folks look at this? i know youre not a consumer economist, but, listen, folks have their credit card rates to worry about, car loan rates, home mortgage rates. >> yeah. absolutely. and it is clearly the case that rates are going to be higher. i think the good news for consumers is that markets know that and some of this is already priced in. so to some degree youve ...

This trade war. >> precisely. this is one of president trumps favorite games, playing yo-yo with the stock market. he does it at will. when i grew up in economics, the idea was the stock market was this efficient al cater of excess savings to its most productive uses. that aint what were looking at today. so this kind of volatility is bleeding into the broader economy, which is one of the reasons the european central bank did what it did today. >> trying to get stephanie excited here. the europe...

Seeing big losses today. cnbcs dominik chu joins us with more. we talked about three major causes for the drop today. would you say one is the overriding concern here? >> you hit the nail on the has. there are many cross currents at play right now. the one a lot of traders and investors are focused on is likely going to be that slowing momentum, that downside move in technology stocks. and the reason why is because technology, internet, media related stocks make up a huge portion of the u.s. sto...