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FOXNEWS America Reports June 4, 2024 18:52:00

Three cabinet secretaries are jockeying to make the trip to china and the white house is weighing its options but has not decided. you can feel the tension with china rising. definitely rising, especially since the balloon, they don t want secretary blinken to come in. secretary of the treasury wants to go, typically the most dovish, they want economic relations and john kerry wants to go to talk about climate change and this is the real flaw of their policy on china. we are not really sure if it s confrontation, competition, or cooperation, and i m not sure you can do all these at the same time. trace: it s interesting, we talk about the philippines but if china does invade taiwan, do we go in, and do we have the allies we need to support us. we need the japanese in a big way. to at least have the philippines basing options we are getting already. we have to set the theater, so ....

White House , Cabinet Secretaries , China Rising , Don T , Secretary Blinken , Climate Change , John Kerry , U S ,

FOREX-Yen slumps after BOJ maintains ultra-low rates; dollar headed for monthly loss

The Japanese yen fell on Friday after the Bank of Japan (BOJ) left its ultra-easy monetary policy unchanged even as it scrapped a pledge to keep interest rates low, while the U.S. dollar was on track for a second straight monthly loss. The outcome of the new BOJ Governor Kazuo Ueda's first policy meeting was closely watched. ....

United States , Societe Generale , Tina Teng , Kazuo Ueda , European Central Bank , Moh Siong Sim , Bank Of Singapore , Nina Teng , Moh Siong Sim , Cmc Markets , Societe Generale , Azuo Ueda 39 S ,

BBCNEWS BBC News June 4, 2024 04:05:00

That s having a big effect on tech companies. what the central banks have done is wrongly raised rates. that is basically crashing the global economy, and the ecb today raised rates, although it suddenly sort of became all dovish, saying, we probably won t raise down the road. but we should look back in 2011, they raised rates twice, which caused a horrible problem. so what we are now seeing is that markets are going into screeching u turns, there is an expectation that the fed may well not do anything in the next meeting next week, and actually, markets are pricing in rate cuts the same sort of thing that the bank of england. so this is really central banks are making big errors, essentially, raising rates too fast, having an effect on banks, and obviously to think in the uk, think about what is happen there. you raise rates, that has impacted people who have tried to take out new mortgages, that has impacted people s ability to pay student loans. the chancellor has put in an aust ....

Tech Companies , Screeching U Turns , Down The Road , Bank Of England , Rate Cuts , Trust Banks , Student Loans , Austerity Budget ,

BBCNEWS BBC News June 4, 2024 02:05:00

As ou ve do policymakers stop this? now, as you ve mentioned do policymakers stop this? now, as you ve mentioned this - do policymakers stop this? now, as you ve mentioned this rise - as you ve mentioned this rise in interest rates, and here in europe, the eurozone s central bank also includes increased its interest rates, what impact do you think that these interest rises will have on the banking sector? banking sector? well, the big deal we saw banking sector? well, the big deal we saw with banking sector? well, the big deal we saw with silicon - banking sector? well, the big| deal we saw with silicon valley is that they actually invested and bought out huge amounts of government securities, and as interest rates rise, the value of those securities drops. but the other thing that happens with that bank is that it was really a bank for tech companies, and tech companies have borrowed an awful lot of money at low interest rates, and then the interest rates start to rise, but ....

Interest Rates , Banking Sector , Central Bank , Interest Rises , Government Securities , Big Deal We Saw , Silicon Valley , First Republic , Tech Companies , Securities Drops ,