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Let's begin in china, because an incremental cut to a one—year lending rate on monday has raised concerns that the world's second biggest economy is weaker than expected. the one—year loan prime rate has now been reduced twice this year... and stands at 3.45%, ....down from 3.65% in may. the aim is to nudge businesses and individuals to borrow money. hong kong—based market strategist vincent chan of al theia capital told me the market thinks the chinese government is not doing enough. the company seems to be more concerned about growth but it is not doing enough as the market expected to...

Unseasonably cold weather. >> he has been a little bit under the weather. maybe it is okay that he is resting. >> marcus: pope francis keeping a demanding schedule. presiding over a surface inside saint peter's for sale, using. standing to kiss a statue of jesus. >> it is beautiful that he is out of the hospital and that he wants to eat with us especially at easter. >> marcus: and the vatican has given no indication that pope francis will miss any other events. he is expected to preside over mass both on saturday and sunday as well as to deliver his blessing to the world. linsey? >> linsey: an...

And powell's comments foreshadow rate hikes when the fed meets later this month. and on inflation watch, gas prices road to $3.45 a gallon. and want to bring in the federal reserve and economy reporter for the "new york times." and gina, i want you to listen to a thelittle part of powell's testimony. >> the latest economic data have come in stronger than expected which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. if totality of the data were to k indicate that faster tightening is warranted, we'd be prepared to increase the rate. >> a...

Which is good news for wall street. boeing announcing its plans to slash 2,000 hr and finance jobs. and an earnings watch, uber and disney are set to report later today. and gas prices fell a penny overnight now sitting at $3.45 a gallon. zoom the latest to announce a round of job cuts, it will layoff 1300 workers or about 15% of its staff. in a memo to employees, the chief executive said he made mistakes in growing the company so quickly during the pandemic. ceo and other executives will take a significant pay cut because of it. and president biden heckled by some republicans during the s...

Microsoft, they hired too much over the past few years and now tech ceos are unwinding that pandemic hiring spree. markets around the world this tuesday morning. european markets are mixed. asia closed for the week. chinese markets closed for the week. new data shows modest growth in business activity in the eurozone. wall street, stock index futures leaning down after a big rally on wall street led by tech. bad news on main street is good news for wall street. investors cheering all of that cost cutting and layoff and tech. the fed will slow the interest rate in hikes. it's been a strong ye...