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Alone welcome to the show im Stephen Beardsley in berlin its good to have you with us times are already tough in lebanon food prices were rising Power Outages becoming more frequent and coronavirus case numbers climbing now the need to rebuild the countrys largest port following explosion on tuesday threatens to expose just how threadbare the countrys economy really is. A city in ruins. Its gateway to the Global Economy destroyed. Lebanon is scrambling to pick up the pieces of this weeks explosion. But long before the blast levanon to qana mewe was then a death spiral. Rampant inflation in an increasingly worthless currency plunging many lebanese into poverty hunger and despair. All now are sure to get worse. More than 250000 people have lost their homes in beirut. And countless businesses have been destroyed. And we c ....
Lens clearance theres an abundance of flammable material once again i did some stuff. And some moves going up in some. Little consideration the world on fire starts aug 12th on g. W. The lebanese economy is in freefall now the countrys largest port is out of commission and the entire city quarter needs rebuilding the economic consequences of monday rather tuesdays explosion in beirut. Grounded and pounded financially with tons of hours to cut costs and employees as it posted big 2nd quarter loss. Welcome to the show im Stephen Beardsley ember lead its good to have you with us tom. Were already tough in lebanon on food prices rising Power Outages becoming more frequent and coronavirus case numbers climbing now the need to rebuild the countrys largest port following an explosion on tuesday threatens to expose just how threadbare the countrys economy really is. A city in ruins ....
Pointing upward the wall street journal is calling the last four months a melt up and thats what it looks like. Dow up by 83 points. S p 500 looking to open 12 points higher. Treasury yields as well. Were at. 572. Theres a mix of what theyre thinking and what the equity markets think, right melissa okay we have a we will work on the audio and hopefully get that a busy week ahead. A twoday fed meeting with a policy announcement. No major change is expected. That will tell you that but investors will watch for clues about what the central bank might do next and then on the corporate front earnings season kicks into overdrive 167 of the s p 500 companies will report. Well hear from 12 dow components and among the names likely to get a lot of attention, apple, amazon, boeing, mcdonalds, 3m, exxon and many others. This is if you like earnings, if youre excited by earnings this is going to be a big week. So far this season we heard from 128 of the s p 500 companies so well more than double t ....
Headlines and what it means for markets with our markets correspondent, abigail doolittle. Tech continues to outperform today, and it is something we have seen in recent weeks. Where is the leadership tech typically provides . It was not there on the day. That has to do with one of the headlines you were talking about, ratcheting up tensions between the u. S. And china. They have been there in recent weeks, but markets ignoring it to some degree. Last year, every other week risk on, risk off, depending on the headlines. Right now, there are concerns those headlines, the war of words between the u. S. And china, taking down tech. A lot of these Companies Receive quite a bit of revenue from china. Apple, the tech heavy weight received about 20 from china. The ship sector chip sector is super sensitive to china. We see the s p 500 tech index down more than 1 . The stock down even more. Over the last nine days, we have seen a real ....