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BLOOMBERG The Pulse June 22, 2024

Manus im manus cranny, and you are . Francine im francine lacqua. Breaking news. It is a little better than expected. A lot of people were expecting this july number to be changed maybe a little pressure from greece or from the ongoing concerns about china. Not so. Better than expected at 108. Manus this comes in with five straight months of declines. People are saying it is beginning to look like the purchasing Managers Index for the whole of europe which just slipped a little bit but is still showing overall growth. This is three years off from when mario draghi said he would do whatever it takes to save the euro. Good numbers there. Francine Current Assessment better than expected. Expectations also better than expected. Chinas stocks have tumbled with the shanghai composite index falling the most since february 2007. There is a concern that a rally sparked by
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BLOOMBERG Bloomberg Surveillance June 22, 2024

Threeweek rally sparked by unprecedented Government Intervention cannot be sustained. The Chinese Government has allowed more than 1400 companies to quit trading. It has banned major shareholders from selling their stakes. President obama has become the first u. S. Leader to visit ethiopia. He arrived in addis ababa last night. He will talk with several African Leaders about the civil war in south sudan. Earlier, he wrapped up his trip to kenya with a call to end corruption. President obama too often, in kenya as in other places corruption is tolerated because that is how things have always been. Here in kenya it is time to change habits and decisively break that cycle because corruption holds back every aspect of economic and civil life. It is an anchor that weighs you down and prevents you from achieving ....

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BLOOMBERG Bloomberg Markets June 22, 2024

The s p 500 is down half of 1 . A 125 point drop. 5059, the market is pricing in the events in china overnight. Olivia same story all year, the market moving sideways. Some of the top stories we are watching at this hour crossing the bloomberg terminal, another big takeover in the health care industry. Hassraeli drug manufacturer agreed to purchase allergan and its generic drug company. Teva with jew its hostile offer for another drug withdrew its hostile offer for another drug maker. Financial, 2. 2 billion in cash, they are the parent of Standard Poors owned by new mountain capital, members of management. Matt orders for durable goods came in higher than expected last night. The first time in three months there had been a rise in orders. The Paris Air Show was during that time. 13 corporations are investing at least 140 billion to reduce their carbon footprints. Including a ....

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BLOOMBERG First Up With Angie Lau June 22, 2024

We have this while day in china, down 8. 5 . It sparked the selloff across the world. We are continuing to see extended those losses today, down about one third of a percent. Spot iszealand dollar slightly gaining but we continue to see pressure on these commodities currencies. There are some forecasting that it could drop as much as 55 u. S. Cents. We are counting down to the opening in australia, japan and korea. Less than one hour away for japan, it looks like we will continue to see this selloff today. 25 closing 1 yesterday in tokyo. Futures in chicago looking to another lower open today. The dollar yen is weakening right now. Only one story the chaos in china. The composite plunged 8. 5 yesterday while shenzhen fell 7 . It was shanghais biggest oneday slump since february 2007 and it triggered a worldwide selloff. Lets bring in david. We have seen it in the europe and u. S. This is not looking good. David stock market turbulence provides intervention. You look at similar headline ....

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BLOOMBERG Bloomberg Surveillance June 22, 2024

Their losses. The shenzhen composite fell more than 2 . Earlier this month, china plus government took unprecedented steps to bolster its stock. In greece, the latest talks on a bailout have begun this morning with the disagreement. Prime minister Alexis Tsipras says lawmakers have approved austerity measures, the creditors disagree. They say more reforms are necessary before greece can get any of the 95 billion worth of aid. Donald trump is worth 2. 9 billion. The celebrity president ial candidate has said he is worth more than 10 billion. The bloomberg billionaires index shows that the majority of his fortune comes from real estate holdings. Bp has reported his slowest quarterly profit in at least 10 years. The British Energy company has been hurt by the end of the boom in trading. The conflict in libya forced bp to write down almost as hundred billion dollars. Brent oil is ....

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