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July 16, 2024
Today toe all of you extorting there news flow. An to an extraordinary news flow. An election in five days. Markets, there they are, and reversal. You see it in the futures of the s p 500. Jonathan we are down five on the s p 500, 0. 2 . The bounce in europe was never convincing, and the bounce in the United States has not held up. Eurodollar clinging to a 1. 17 handle. The ecb is getting what it once for all the wrong reasons. A weaker euro for a fourth straight session off the back of more res...
July 16, 2024
Targeted aid maybe, perhaps as much as 25 million for airlines we have details on that. Later, a democraticled house panel calling for a crackdown and breakup of the countrys biggest tech companies. The chair of the antitrust subcommittee will join us later this hour as power lunch starts right now tyler, thanks welcome to power lunch. Im kelly evans. Were digging through the fed minutes just released. In the meantime, take a look at whats leading the rally its consumer and consumer discretionar...
July 16, 2024
Forward today. I think lisa is going to talk about it. The last moment i saw as we wait for washington to awake this morning with the president nudging away from the republican reticence more towards the place of Speaker Pelosi. I have no idea what that means. After what we went through yesterday, we are littered literally we are literally monitoring when does the president wake up and advance his campaign through any actions throughout the day. Jonathan we understand there will be an interview ...
July 16, 2024
A simulcast on an important friday. So many days to the election, 25. Thrilled you are with us on radio, on television across this nation and around the world. I want to look at the markets as we frame up Michael Shaoul to join us in moments. Up 15 in a bid to the market. 3 below record highs. With that, some nice confirmations of good global news. Look at renminbi. Jonathan up on the week by about 3 on the s p 500. On ther chinese currency return from the holiday. The narrative has shifted aggr...
July 16, 2024
Not good enough, eu leaders are set to say no breakthrough in brexit talks. Boris johnsons thursday deadline for walking away approaches. Bank earnings turned sour, jp morgan and citigroup slide despite posting betterthanexpected trading revenues. Bank of america and Goldman Sachs are among firms reporting today. Clinical complications, eli lilly becomes the latest company to pause its covid19 drug trial. We will bring you our interview with rival Johnson Johnson. One hour until the start of cas...
July 16, 2024
Innovations, but does promise a massmarket car by 2023. Welcome to bloomberg surveillance. I francine lacqua. A lot going on in terms of news flow. We have an etf show coming up but we have some breaking news in terms of pmi for the euro area. A bit of an indication of where we are headed in terms of economic prowess or not. September services pma coming in at 47. 6, below the estimate of 50. 6. Ityou get a figure above 50, means we are in expansion territory which we are not paid european stock...
July 16, 2024
Top banks in frankfurt. A Brexit Debate almost. There is huge symbolism. When you line up the five banks above j. P. Morgan in germany, they clearly have a european heritage and they are the lone american bank. Francine we will have plenty more on that. Others will follow suit. Lets get to first word news in new york city with ritika gupta. Prime minister Boris Johnson is warning difficult months to come for the u. K. In an address to the nation, he , theled to britons tightening of rules coming...
July 16, 2024
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Pol...
July 16, 2024
Certainly through the channel i mentioned. Thank you. Thanks for taking my question. Chairman powell, [ inaudible ] to the policy framework, is the fed open to other measures of the economy such as income inequality and affordability of housing . So we monitor everything we think is important in the u. S. Economy and in a broad sense, all of it goes into thinking about Monetary Policy. You mentioned inequality. You know, disparities in income and in Financial Wellbeing by various demographic and...
July 16, 2024
Zealand is set for a shallower recession than previous years. The pandemic may have a lingering impact when it comes to government expenses. We bring you the numbers breaking this hour. Lets get you started with our lets get you started with a quick check of our markets trading at this hour. We had a mixed finish. Stocks, in fact, fell, erasing earlier gains after that selloff intensified. Tech fed chair powell not sure if this economic recovery will continue, that really dampening the moon. Tec...