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July 16, 2024
We will tell you about u. S. Tech stocks taking a hit. Our exclusive conversation with the ceo of one of techs most secretive companies. Why protesters. Them from doing business with the Trump Administration. Announced ite u. S. Will extend the limited set of exemptions that have text in Rural Networks and other u. S. Customers from a ban. This comes as the trade war rages on with u. S. Tech feeling the heat in anticipation of tariffs. Taking his problems to the top. A move that is apparently im...
July 16, 2024
Taylor swift following through on her promise to be more political. Her new album just dropped. And so might your jaw when you hear what she is saying now. Trish regan primetime begins right now. Ashley im Ashley Webster in for trish. Trade war turmoil. President trump firing back at china, increasing tariffs on hundreds of billions in chinese goods add beijing hiked its tariffs on 75 million worth of u. S. Goods. The president ordering he american businesses to immediately start looking for an ...
July 16, 2024
Some of the optimism when it trade, s pe tone on futures back down after the cash trade yesterday. Markets are optimistic about the situation in italy, you can see bid, nowian btps are down to 1. 21, less than 200 basis points above boones. The dollarer against as the greenback falls. Italy thatews out of the Fivestar Party has halted Coalition Talks unless the democrats agreed to keep Giuseppe Conte on as Prime Minister. They previously pushed back against that, especially the leader of the Dem...
July 16, 2024
Unwillingness to find an agreement with china . Shawn it is another sign things are falling apart. We had all of branches coming out of the g20 in osaka. One was limited resumption of business with huawei and on the chinese side it would be a resumption of agricultural purchases. In the past week weve seen both of those taken away. That is not a good sign. As the president says, we have these talks in september schedule, but Big Questions over whether they will go ahead. Inin as that is happenin...
July 16, 2024
Parties to remain calm. And a warning to the Supreme Court. Topic radical dems in the senate telling Supreme Court justices to quote heal the court or face a fundamental restructuring. One of the most bizarre warnings in history of well, the Supreme Court. In this country, calm is not the order of the day on wall street. Outright investor exuberance rallyingthe stock and bond markets. The dow soaring into the Trump Administration announced aid a delay. The Dow Jones Industrial almost a 400 point...
July 16, 2024
Prompted money guys to were in his camp. Neil the dow up 250 points. Edward lawrence what might be the fierce of all this an extended trade war. Reporter the president in almost a News Conference before he left, uploaded some very critical thoughts about a trade deal with china. Listen. Were talking with china. Were not ready to make a deal. Well see what happens. Weve been hurt by china for 25, 30 years, nobody has done anything about it. We have no choice but to do what were doing. Reporter th...
July 16, 2024
Welcome to power lunch. Scott walker the dow off the lows of the day when it was down nearly 300 points on the trump comments we just mentioned the s p 500 coming back a bit. The nasdaq the big loser down more than a percent. Check out the small caps in the transports, goth groups rebounding yesterday, but sinking deeper into correction territory. More on those moves a little later. As scott mentioned, stocks in the red as President Trump told reporters no deal is coming with tauschh china. Repo...
July 16, 2024
The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good ...
July 16, 2024
We reach midnight there. China is ready to retaliate again in the trade work. What a rehearing . Trump saying today that any deal with china has to be on our terms after china threatened today to retaliate washington coaster. Promising to take necessary Counter Measures of trump follow through on plans to impose a 10 tax on additional 300 billion in chinese imports, this could lead talks in limbo. This morning, chief of staff mark said this morning that they are looking forward to plan talks bet...
July 16, 2024
Watching from asia. Welcome to bloomberg surveillance. You are just getting that decision from gorgeous norges, this is an interesting rate on how to set Interest Rates. A hawkish stance because of weakness in the national currency. But given the rest of the world is much more dovish and weaker President Trump putting pressure on the fed to cut, it is interesting if you are one of the lonely banks out there that wants to hike. Overall, european stocks are unchanged. , which gave sold much fear a...