Alongside tom keene and lisa abramowicz, i am Jonathan Ferro. The s p 500 positive by 0. 22 . Tomorrow morning, retail sales, thursday from walmart. How many times have we done this from august . Talking about china. China the headline once again. Tom it starts and ends in china with a set of news. What is interesting to me is it is not one story. You have to get briefed on this to get up to speed on three, 4, 5 stories. Chinese equities in the tank, iron or somewhat in the tank. A lot of moving parts going on in china and that comes back to jackson hole. Jonathan one chinese developer, Country Garden holdings seeking to extend for the first time ever. Away from that we have a wealth manager missing payments. This is starting to mount in a bigger way. Lisa which begs the question of when this becomes financial contagion in china. Why are we not seeing more trickle out affects . Is that what we are seeing in germany or parts of europe . A lot of u. S. Companies are rationing back expect
Good thursday morning. Thanks very much for joining us i hope you are having a good morning. I am maria bartiromo. It is thursday, march 7, 8 01 east coast the topic of the hour President Biden taking podium for third state of the Union Address he will have to convince voters he is up to the job despite concerns about his age his mental acuity he will have to defend policies that have failed including excess spending the open border, former President Trump calling for debates before general election posting on truth social, i am ready any time anywhere any place says 45, the Biden Campaign told fox news digital i know donald trump thirsty for attention if desperate to see President Biden in primetime join tens of millions tuning in to watch state of the union peter doocy grilled white house about a debate yesterday, watch. All right. Is President Biden going to complit to debate with donald trump. That is something for the campaign he to speak to it is possible there will be no joe bid
Welcome to daybreak australia. I am how he stroudwatts haidi stroudwatts. I am animal jewelers in tokyo. Annabelle droulers in tokyo. Jay powell again signaling rate cuts will happen this year. The fed chair suggesting significant changes to the capital plans fiercely opposed by wall street banks. Haidi struggling lender n. Y. C. B. Getting a vote of confidence. Annabelle chinas top economic officials defend their ambitious target and hint at a liquidity boost to help get there. Haidi lets get you straight to the markets. A pretty reasonable set up in asia and we have a bit of downside as we get into the first part of the staggered trading session here in sydney, about. 2 author straight into the middle of trade. We are expecting a rise across the region. Interest rates will likely fall this year. Theres been so much managing of excitation 10 excitations in terms of the timing and the extent of easing we can expect from the fed and we have seen some of that drastic repositioning within
Story of the day, congressional testimony from j powell. The fed chair j powell maintains the economy is in good shape, labor market is strong with inflation coming down but the fed needs more evidence on inflation coming down before cutting interest. How much evidence . Maybe is not as much as we previously thought. More evidence that ill give us more confidence that inflation is on a path down o 2 sustainably. Not looking for better readings then we have had, but more of them and what will happen is as we go forward, 12 months will continue to drop. Because it will be lower than early last year. The first of two days of testimony before congress j powell says the fed can cut before it reaches 2 , he does not believe the economy is close to recession and higher bank capital rules could be re examined. He says it is possible before it goes to capital higher levels being withdrawn, they could be reproposed on commercial real estate. There will be losses, it is a serious problem, but mos
Eagerly awaiting that. Thats the song. That is the white house. Good morning. 10 00 eastern time. Lets get to the many, still seeing get green, down one hundred 78, nasdaq one hundred 30, the 10 year treasury yield is down back to 4. 08 , the nasdaq liked that. The price of oil 78 a barrel this morning and Bitcoin Holding onto it gains a, 67,180 as of now. Now this. Its going to be a rematch. Either going to be debates . Absolutely says donald trump. Anywhere anytime anyplace. President biden, peter doocy did ask karine jeanpierre. Now that the field is down to twos President Biden going to commit to a debate with donald trump . That something for the campaign to speak to. We know when the debates are going to be, where they are going to be. Is he going to go . You should speak to the campaign. In 2,020 want to got down to one on one President Biden said i can hardly wait to debate. How about that . You should reach out to the campaign. Stuart they are not too keen on debates and we al