Obviously, a nice gain here as we rebound from yesterdays selloff the dow is up 265. Best day here since about the middle of june for the s p all sectors higher for july, boosted by names like twitter and micron on the past month the feds rate cut and earnings at qualcomm, though, top of mind for investors as we go into the first trading day of august. Still, our next guest says, remain overweight in tech until the next bear market jim paulison joins us along with our own mike santoli good morning, guys good to see you. Good morning, carl. Jim, youve been pretty constructive here. Obviously, youre not thrown by numbers like what ism gave us today. I actually think the data has by and large here been pretty good for the united states, carl you know, personal consumption, real personal consumption growth in the First Six Months of this year was up over 4 annualized pace its just bizarre to be talking about a weak economy with one of the strongest sixmonth consumption periods of the entir
In the semis today. Talking of rain, edgbaston may see a shower today as good wimbledon although it is an outside chance. There are showers in the forecast, the heaviest from lincolnshire northwards. Its thursday the 11th ofjuly. Our top story. Iranian boats have tried to intercept a British Oil Tanker in iranian waters but reportedly withdrew after a british warship trained its guns on them. The incident happened in the strait of hormuz a strategically important stretch of water between the persian gulf and the gulf of oman, bordered by iran and the united arab emirates. Lets get more details now from simonjones who is outside the ministry of defence for us this morning. Peter bowes. Growing tensions in the gulf of. A British Oil Tanker should be seized, steady run, if the iranians ship is not released. It was expected of carrying oilfrom not released. It was expected of carrying oil from iran not released. It was expected of carrying oilfrom iran to not released. It was expected of c
Human fossils outside africa for the first time and. England prepare to take on australia in the cricket world cup semifinal at edgbaston. Good morning and welcome to the bbc news at nine. A Royal Navy Frigate has intercepted iranian boats that were harassing a British Oil Tanker in the gulf. The ministry of defence says hms montrose moved between the tanker and the iranian vessels, issuing a number of warnings over radio, before they moved off. Iran has previously threatened retaliation for the seizure of a tanker carrying iranian oil off gibraltar last week. The ministry of defence said three iranian vessels, believed to belong to the revolutionary guards, asked the tanker to stop in iranian waters close by, but withdrew after a warning from a Royal Navy Frigate. Its a strategically very important stretch of water between the persian gulf and the gulf of oman, bordered by iran and the United Arab Emirates. Iran has denied any encounter between its forces and foreign ships in the last
Five years, and why the company is setting such an ambitious target in the middle of a media firestorm. But first to our top story. Facebooks plans to create its own cryptocurrency, libra, is not getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee on wednesday. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises many serious concerns regarding privacy, money laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed before proceeding. Facebook has a couple billion plus users so you have for the first time the possibility of a very broad adoption. If there were problems there associated with money laundering, terrorist financing, any of the things that we are all focused on, including the company, they would rise to systemically important levels just because of the mere
Fruitjuices and fizzy drinks are linked to increased chances of getting cancer, according to a major new study. The French Parliament approves a new tax on Technology Giants that could provoke retaliation from the United States. Crunch time as england take on australia at edgbaston the winners will play new zealand in the final at lords on sunday. Dream start for england. Good morning. Welcome to bbc newsroom live. Three iranian boats have tried to intercept a British Oil Tanker near the island of abu musa in the strait of hormuz in the persian gulf, a strategically important passage in the oil and gas trade. The uks ministry of defence said the iranian boats, believed to belong to the revolutionary guards, asked the oil tanker to stop in iranian waters close by, but withdrew after a british warship was positioned between them and the oil tanker, and a warning was issued. Iran has denied any encounter between its forces and foreign ships in the last 2a hours. Relations between iran and