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BLOOMBERG Bloomberg Markets Asia July 12, 2024

Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with eddie cheung, e. M. Strategist. This all about shifting to more selfreliant economy in china. Given the gains we have seen in the renminbi, is it sustainable and how much tolerance is there for further yen strength . Eddie well, i think we certainly do believe there is more room for the cn wide to gain. First in terms of the dollar view, we think the dollar still has more room to go lower. We look at the indices, we are only at about three month highs. We are still below where we are in terms of ....

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CSPAN Republican Senators On Coronavirus Relief Package July 12, 2024

Senator mcconnell good afternoon, everyone. We just had a fulsome discussion of the proposals that were developed over the last two weeks by various republican colleagues in conjunction with the administration, including the presence of secretary mnuchin and the president s chief of staff, and we are now in the process of absorbing all of this, and we know that the process of reaching out to the democrats has begun. Obviously, that will be led by mark meadows and steven mnuchin. Today to underscore again that no bill will be put on the senate floor that does not have Liability Protections. And i want to make sure everybody understands here we are not talking about for businesses. Please do not write to, because that is not the entire story. This issue is our callee, senator cornyn, and i will ask him to come forward now and explain exactly what the Liability Protectio ....

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CNBC Closing Bell July 12, 2024

The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech stocks that is carrying the s p 500 to the high end of the recent range. Pretty well mixed market under the surface. Those big nasdaq themes carrying we spend most of th ....

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CSPAN Republican Senators On Coronavirus Relief Package July 12, 2024

Senator mcconnell good afternoon, everyone. We just had a fulsome discussion of the proposals that were developed over the last two weeks by various republican colleagues in conjunction with the administration, including the presence of secretary mnuchin and the president s chief of staff, and we are now in the process of absorbing all of this, and we know that the process of reaching out to the democrats has begun. Obviously, that will be led by mark meadows and steven mnuchin. I want to underscore again today that no bill will be put on the senate floor that does not have Liability Protections. And i want to make sure everybody understands here we are not talking about for businesses. Please do not write that, because that is not the entire story. In the lead on this issue is our colleague, senator cornyn, and i will ask him to come forward now and explain exactly what the
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CNBC Squawk Alley July 12, 2024

Three additional firms that had significant business in particular sectors its not just the three but we understand that leaves some companies that dont have a rating as we open these ratings, the process of opening, were looking for an answer there. Niac is not a nrsro. And you know it has not been traditionally used in this way so were looking at options there. So so you have not opened it yet, but you have not foreclosed the possibility any kind of time frame you put on that . We talked about it yesterday. Were working on it. I think that soon, lets say okay, i just want to stress again that there are dozens of companies that have very strong blast sheets and employ tens of thousands of people, and they choose not to go to a public Rating Agency but they are in many ways in the same position as a publicly traded company that use use these facilities and i really hope that the ....

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