We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. First, nasdaq climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is standing by. Are we ignoring the trade headlines . Sarah i dont know if we are completely ignoring the trade headlines, at least the good ones. That the u. S. Is softening its stance, that did engage in negative outlook. Take a day like yesterday, a bureau chief from cnbc noted that the tone in china is pessimistic. They were unfortunately seeing that the u. S. Was not going to rollback those tariffs. Focused on stimulating their economy. The s p 500 Information Technology index hit a new high, apple hit a new high. The bad news, as you said,
That goes to biogen. But broadcom still up 2 . The 10 year yield, 1. 79 . Guy lets take a look at where we are here in europe. We are trading toward session lows when it comes to stocks. Also a selloff when it comes to the oil market. The stocks now down the stoxx now down 0. 3 . In italy, bonds have been out in front of the story. They certainly been taking a much more cautious approach when it comes to the trade narrative and the Global Economy over the last few sessions. Equity markets have continued to push ever higher. Lets get some analysis on where we are right now. Lombard chief ts economist, joining us now. I want to start with your view of the u. S. Consumer. We seen two big retailers out today, missing. The stocks have been pummeled. Are you worried about the u. S. Consumer . Charles not really, to be quite honest. Guy why not . Charles i think real income is going up at a reasonable rate. The savings rate is not going to suddenly thaw, and therefore the consumer plunge, unt
Considers a doordash considers a listing instead of an ipo. We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. Climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is standing by. Are we ignoring the trade headlines . Sarah i dont know if we are completely ignoring the trade headlines, at least the good ones. That the u. S. Is softening its stance, that did engage in negative outlook. , ae a day like yesterday bureau chief from cnbc noted that the tone in china is pessimistic. They were unfortunately seeing that the u. S. Was not going to rollback those tariffs. Focused on stimulating their economy. 500 Information Technology index hit a new high, apple hit a. T
Investor demand is several times oversubscribed. Sometimes people look at australias market which has just opened what are you watching . Slightly under pressure after the game we saw on tuesday. Kiwi shares are gaining. The could see a softer open in seoul and tokyo. The nikkei stock average has more than doubled since shinzo abe took office. Economic strategy still lacks traction. It is a busy week that session ahead with japanese trade and chinas update on the docket this wednesday. As we are waiting on alibabas final pricing on an ipo. Here in hong kong as schools reopen and we await more protests, housing futures have snapped a today advance. Volatility has slumped over the past two sessions. Acrosse sliding further there is optimism we might see a peaceful resolution to the protests here in the city. Lets check in on first word news. Boris johnson and jeremy overn repeatedly clashed policy in their first televised election debate. Johnson said he would massively raise Government
[inaudible conversations] the subcommittee on railroad pipeline and Hazardous Materials will come to order. I ask unanimous consent that the chairman of the authorized to recess at any time during todays hearing. Without objection, so ordered. I ask unanimous consent the members not on the subcommittee be permitted to sit on the subcommittee for todays hearing and with out objection so ordered. Members want to enter document documents the record please email it to document ci at braille. Gov. Com. Before we discuss todays hearing id like to take a moment to remember our colleague congressman donald paine c jr. O passed away two weeks ago. It was a privilege to work with donald on thena subcommittee. It was clear to all who knew him the strong commitment Public Service was for his constituents. Im grateful for the opportunity to work alongside donald putting together a bipartisan Pipeline Safety legislation. He will be deeply missed here on the committee and i want to send my condolence