Morning. This bloomberg surveillance. More than a decade since the last one, s p Global Rating the gene the top rating for u. S. Of america. Fitch follows up after the close yesterday with this quote, the written downgrade of u. S. Reflects the expected physical deterioration over the next three years. The erosion of governance relative to aa and aaa rated peers. Whether it is justified, and if it matters, are two different questions. Lisa i would agree as this is the second Major Company to downgrade u. S. From aaa rating. The response arbitrary and based on outdated data. That is janet yellen. Larry summers the idea that it is a decreased default risk is absurd. Here is the question, is there Something Real behind this in terms of how much Interest Rate expenses are going up and like a convention there is on capitol hill . Jonathan theres governance issues u. S. Has that is inconsistent with other aaa rated peers like germany. Lisa i would agree because we were talking about u. S. Po
across the uk continue and so does the disruption, with only 60% of services running today. facebook s removes a large number of accounts, posting pictures and videos of upskirting, following an investigation and glastonbury is back after a three year gap fans are descending on worthy farm in somerset for one of the biggest music festivals in the world. hello and welcome if you re watching in the uk or around the world. at least 300 people have been killed in a powerful earthquake in afghanistan. the 6.1 quake struck overnight in the southeast of the country, with most of the confirmed deaths in a province called paktika. these are images of homes reduced to rubble. but the extent of the damage is still emerging as rescue efforts continue in outlying villages. the country s supreme leader has confirmed the number of dead, in a statement to the media, saying at least five hundred people are injured. hikmatullah esmat is head of the provincial health body in paktika. he tol
Nvidia as it lives up to the expectations. Plus the department of justice takes aim to breakup live nation. Tesla ceo elon musk prepares to take the stage. First, lets check the markets. More broadly on these two singular names we want to highlight for you. Front and center, we are focusing on live nation down within 5 . The u. S. Justice department and almost 30 states suing live nation because they want the company to sell off ticketmaster. Live nation saying it is not them but the artist teams that set prices, not ticketmaster and they dispute the fact that they are a monopoly power. We have so much more as we go to the doj live. Nvidia up more than 9 . Extraordinary and eclipsing 1000. We therefore have a share split that will be music to investors ears. More music, a jump in revenue with you on your growth. No wonder the share price is up. So much to digest in terms of revenue, future revenue potential. They will double yet again to 28 billion in the next quarter. Ed this chart sh
Surveillance. Annmarie hordern and Lisa Abramowicz. Jonathan ferro will be back. However, today we are happy to have brian levitt with us for the hour. Who has been absolutely right at a time when everyone has been looking for signs of greater disinflation starting with data about 2. 5 hours from now. Good morning. We are looking at market that are doing pretty much nothing. They did pretty much nothing yesterday as well. Brian, are you still a fomo kind of guy . Brian i am. Everybodys talking about the fed, they are so concerned when the fed is going to move and by how much. The reality is, markets historically have done very well with the fed on hold and the economy reasonably strong. We are still in a good nominal growth backdrop. I know everyone is going to be staring at that tens place in every inflation point that comes up. I think we are in a place where inflation is going to moderate and these markets are likely to press higher. Lisa at a time when we are at the twilight of the
Weekend and seems to be playing catchup. Avril mainland markets are in catchup mode, one at the focuses for asiapacific today, but we are keeping a close eye to the asian Market Reaction to the softer than expected u. S. Payrolls number reviving beds that we will see the fed cut rates this year. Some pricing in september. We saw how treasuries rallied friday and the dollar experienced its worst we can more than a month, so there is that followthrough in asiapacific today. On dollaryen despite initial reprieve, investors switching back to the Interest Rate differential impact of the 154 handle. Hong kong stocks are flight. Mainland Market Investors first chance to react to a mostly positive outcome from the politburo meeting. Progrowth messages and physical monetary support that policy makers will explore do ways to fix the housing crisis. Msci 300 climbing as much as 6 . We did get the pboc providing some support for the yuan with its fix, the lowest since the middle of april, but if y