Interest rate cuts in the offing. Will it between 25 basis points or will they do what they did this time yesterday you can that is currently in position at the moment, so we had the economic number coming in weaker than expected. Checking the markets, lets see what is going on. We did match the longest losing streak. Did not quite actually make it here longest moving streak since 1980. This is what we have in a moment, this is the position. 1. 1 , a bit of a really for the hang seng, nikkei. Lets have a look at what we have at the moment. 7. 04. We go, we have gold futures, down at the moment but still above 1500. Coming through with a gain of about 2. 75 . This is saudi arabia, prompting Oil Producers to develop responses to the oil price slide. Terrain. Et u. S. 10year yield creeping up a fraction. Elsewhere, we see the bond rally continue. Lets get more on the philippines gdp numbers. Joining us from Goldman Sachs is. Hief asiapacific economist there was conference run remittances
Bourg, strategic development, Wabtec Corporation. Chris matthews, assistant Vice President , Network Control systems, bnsf of railway, and jim derwinski, chief executive officer and executive director of metro. Todays hearing will evaluate progress in implementation positive train control, ptc, and examine potential challenges in meeting the final implementation deadline of december 31, 2020. As recent Committee Hearings have highlighted, ptc is an Important Technology that has the ability to prevent accidents, including overspeed derailments, such as the tragic derailment in dupont, washington in 2017, as well as preventing traintotrain collisions. Ptc enforcement and implementation act, passed by congress and signed into law by president obama in october 2015, required railroads to implement ptc by december 31, 2018, however it allowed a railroad to apply for an extension of up to 24 months if, and only if, a railroad met important milestones. I am pleased to say that under secretary
Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
Mr vice chair. The first order of business is i dont want road called commission members. Please respond when i call your name commissioner kino present commissioner drew present. Commissioner scott press it, madam. Present. Chair bracket is absent. Commissioner bracket is absent and other members of the commission our president , mr vice chair, we have a quorum. The next order of business is item two announcements. The next regular meeting is scheduled on tuesday, september 5th 2023 at one pm be announcement of prohibition of sound producing Electronic Devices during the meeting. Please be advised that the ringing of and use of cell phones, pagers and similar sound producing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any person responsible for the ringing of use of cell phone, pager or other similar sound producing electronic device. See announcement of Public Comment procedures. Please be advised
Ashley oh. Lauren your producer gave it to you. Ashley this is about me. What a man. Good morning, everyone, 10 00 eastern. Straight to your money. Going up for the opening bell, nicely so. Weve gone over an increase in inflation and we are off 160, lots of red ink now. The 10 year treasury yield has gone up above 4 . A key benchmark. Price of oil 80. 69. 73,000 earlier this week, 717 right now. The president has a new economic strategy. Hes writing what he considers the racial wrongs of the past. Thats where the construction of two interstate highways back in the 60s separated the black community from the rest of the city. Black leaders maintain those highways deprive their community of opportunity and jobs. Biden has a 3 billion plan to retrofit or remove community dividing highways across the country. In milwaukee biden said communities left behind, rebuilding the roads, prerepairing cracks in the sidewalks and that is a racebased policy designed to attract votes and put right what