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July 16, 2024
The hearing was set before the bank agreed to pay 4 billion. The race for tiktoks assets aress the globe sees we told its been talking to geo platforms. We do have some breaking news crossing the bloomberg. Current account numbers coming through. We are getting the july current account surplus coming in at 7. 5 billion u. S. Dollars. The trade surplus sitting at 6. 9 7 billion in july and we are watching out for some other developments coming out south korea today. Highlevel officials of the Rul...
July 16, 2024
Agree on a deal which could see a new company if approved by President Trump. Haidi and the race for a china facesvaccine, a deadline on the growing kovacs plan. Little pressure at the open. This as u. S. Stocks dropped the most in a week in the regular session. Sentiment being damaged by poor economic data. Jobless came just jobless claims fell less the s p 500 fell for a second consecutive session, but found some support after bouncing off its 50 day moving average. The nasdaq was down more th...
July 16, 2024
Citigroup names james frazer Ceo Jane Fraser ceo, making her the first woman to run a wall street bank. Good morning. A massive milestone on wall street. The first female to run a major wall street bank. Is this a High Water Mark . It is a crack in the glass ceiling. We have a lot to cover this morning. Covid cases are kicking up, brexit drama, and, of course, no stimulus bill yet. Nasdaq yesterday closing down 2 , a crack in the tech rebound. Futures are up. 01 this morning. Here are your stoxx...
July 16, 2024
Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with ...
July 16, 2024
The 1st known case of a repeat Coronavirus Infection raising new questions about private 19. Now the Police Shooting of a black man 7 times has brought protesters back out onto the streets of several u. S. Cities crowds have come out in new york minneapolis and the city of commercial wisconsin where that shooting happened on sunday. You can see tear gas was fired to force back the crowds who defied overnight curfew orders in the city demonstrators also set fire to cars and garbage trucks used to...
July 16, 2024
Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number...
July 16, 2024
Or rather, which is worse than expected. We had expectations of 0. 1 . Rishaad exactly and thats currently where we have industrial production. Coming inese are pretty much bang in line with what we were expecting. The retail sales and only showing this contraction for july. Lets get over to bank of chief chinarities economist. Headlines pretty much what we were expecting, but tell me, what sort of picture is it painting for you . That atlly, i would say first glance, this set of numbers does no...
July 16, 2024
Points the s p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5. 5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning its down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. Setting a new high every one of the closes. The s p is less than 1 from its all time high. Its up back in february the treasury markets youll se...
July 16, 2024
Suggest to our friends especially our european friends this point that when arabs and israelis agree on something it makes sense to Pay Attention so congratulations understand under snapback and your overall opposition to irans aggression and its quest for Nuclear Weapons the 2nd thing that has happened. Is equally as stark and that is the achievement of the israeli. Peace agreement the creation of full normalization between israel and the United Arab Emirates this is been brokered by President ...
July 16, 2024
From capitol this is just there a live from doha also coming up 2 members of the Opposition Coordination Council are detained in belo roosts the day after one of the biggest protests against president bush. By compare expresses hope other arab states will follow the u. A. E. In establishing diplomatic ties with israel kicks off the middle east tour. Bosses at mining giant to rio tinto lose their bonuses over the destruction of sacred aboriginal sites in a Straight Year the critics say its an emp...