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For the tech sector. Ai Chip Giant nvidia has been surging on reports that the us government is considering allowing it to export advanced semiconductors to Saudi Arabia itjumped some 8 in Wednesdays Session pulling up the rest of big tech. Melissa 0tto is from S P global visible alpha where she heads up their technology research team. Just had us Producer Price Index data a little hotter than expected. That coupled with a little hotter consumer Price Index data yesterday. Does it change anything for when the fed meets next week . Are markets too optimistic about the pace of further Rate Cuts . Thank you, great to connect with you today. 0verall, thank you, great to connect with you today. Overall, the economic ....
financial scandals as he cozied up to sympathetic billionaires. we start with donald trump s alarming embrace of authoritarianism, fascism, and ci rhetoric, adopting toxics rhetoric to dehumanize and apoat immigrants in turns t experts say echoed the worst dictators of the 20th century. trp s newest comments sparking headlines and backlash, in raising new questions about market a or s in congress. after trump targeted immigrants in language historians say was identical to adolf hitler s language about jewish people. they are poisoning the blood of our country, that is what they have done. they ve poisoned mental institutions and prisons all over the world. not just in south america, not just a three o four countries we think about, b all over the world ar coming into our country from africa, from asia, all over the world. experts pointing out, quote, the term blood poisoning was used by hitler in his manifesto mein kampf, in which she criticize immigration and the m ....
we start with the latest market action and as the trading day began in asia the pound started to slide down nearly 5% at one point against the us dollar that s on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government s shock and awe tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterling. so let s look at how the pound is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. thi ....
capitol hill as well. they passed $28 million in emergency funding to boost formula supply. that s on the way to the senate. other lawmakers are pitching solutions as well. you think we need a strategic formula reserve, right? they are moving now but this problem has been bubbling for months on a contamination issue shutting down a key plan for formula back in february. robert califf testified this morning that he hopes the plant will be back online in two weeks. practically speaking relief is still weeks or months away giving these comments from the surgeon general earlier today. is it next week? is it next month? when will they be able to walk into the walmart or cvs and see formula on the shelf? we anticipate willy that people will see increasing amounts of formula on the shelf because of multiple paths. bringing product in from abroad. so several weeks, okay. folks, it is always a welcome sign to see washington move with ug si to show it is awear of a proble ....