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July 16, 2024
Trades on top. Ocado drops despite reporting 30 jump in sales. Jp morgan and banks kick off earnings season. Well see how much of an impact hit the banks bottom lines. It has been a weaker session in europe. Stocks have been trading deeply in negative territory. The hand over wall street, very choppy we have not seen that. Investors getting used to some of the records in the recovery trade takinghnogy. It was the opposite yesterday as some of the closures in california and texas with the spike o...
July 16, 2024
Coronavirus cases and political tensions. The Trump Administration rejects beijings claims in the South China Sea, accusing it of bullying. The u. K. Is set to ban huawei from its 5g mobile network. The plan would mean British Companies need to remove huawei infrastructure by 2027. Welcome to the program, everybody. Lets check out the futures. Lots of moving parts in terms of the market action. Lots of geopolitics to talk about as well. We have futures pointing to the downside in europe. We have...
July 16, 2024
Now on bbc news, britain has one of the highest death tolls from covid 19 in the world. Clive myrie๏ฟฝ s film follows staff at the Royal London Hospital as they try to cope with a second wave. A warning this programme contains content which some viewers may find distressing. Shes young. Shes someone๏ฟฝ s relative. This is something precious that were holding and were trying to do. My wife lost her fight for life. Nobody wants to go through this. I wouldnt wish this on anybody. The coronavirus pa...
July 16, 2024
August 15 but also continuing down. 7 the nikkei and the futures in the u. S. Are looking lower as well. Data expected out of the u. S. Later today. And in terms of looking at some of the currencies in the region, we talked about the bloomberg dollar index. Down about. 10 . Dollar weakness is essentially beneficial to equities in this part of the world and currencies as well. Aussie, thats what youre looking like, essentially flat and new zealand had jobless numbers that came in less bad than ex...
July 16, 2024
Top of his comment on the employees and what theyve done during this crisis. What i see here is best in class confidence. You wonder how the other banks will adapt to that. Call it lets conservative confidence. You can see where the headwinds are. They are going to be with us for quite a while. Lisa they boosted their reserves for credit losses highlighting some of the concerns about the economy. Shares of jp morgan right now and have the open up almost 4 . We will get more of a sense of how muc...
July 16, 2024
That is been transformed by the black lives Matter Movement will be able to bid a final farewell. Alsoso coming up, t the stars ad stripes lord today as the u. S. Was forced to close its consulate in the chinese city nh in city. A titfortat response following the Chinese Mission in houston last week. We will hear from a former u. S. Diplomat stationed there. The outbreak on the farm. In southern germany, migrant field workers have posted have tested positive for covid19. Are field workers riskin...
July 16, 2024
After the adp report, employment is still a bad number. From 43. 1, so42. 1 that feeds into the narrative that even if the economy opened up a little bit in july, we are going to see fewer people working, and we will probably see adjustments to peoples payroll forecasts for friday. Alix is that the one take away from today, the slower rate of job hiring . Michael that is the important thing. You can open up the economy and get a yield sitting in the middle of the street or a restaurant, but the ...
July 16, 2024
Come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. I now recognize myself for an opening statement. Today, a select subcommittee is pleased to welcome our distinguished panel, dr. Ben bernanke and dr. Janet yellen. Dr. Bernanke was appointed chair of the Federal Reserve by president george w. Bush in 2006 and oversaw the Federal Reserves response to the Global Financial crisis. Before his tenure as fed chair, dr. Bernanke served as the cha...
July 16, 2024
Status was scrapped, Narendra Modi lays stone for a hindu tetemple. Thank you very much for joining us here. I day after a massive explosion rocked the lebanese capital, residents in beirut remain in shock. Rescuers digging through the rubble i in the cityty today afr at leaeast 100 people died and over 4000 were wounded after a blast with the force of an earthquake hit the city. An investigation is underway to a to determine the cause of the blast. It does appear to have been 2700d in a fire ig...
July 16, 2024
Surveillance. I am nejra cehic. We are seeing european equities accelerate to the downside. The stoxx 600 down 0. 6 . Futures pointbut to a lower open. The five year yield hit several record lows. Target rangeow the from the fed. Lets get the bloomberg first word news. Laura the u. S. Death toll from the coronavirus talked 150,000 topped 150,000. Texas, california and florida had record cases. Dr. Fauci warned more protection will be needed. He said if you have goggles or a face shield, you shou...