Good morning. This is bloomberg daybreak europe. Im lizzie burden in london. And these are the stories that set your agenda. Surprise cut. Chinas central bank unexpectedly cuts its key lending rate by the most since 2020, as Industrial Production, retail sales and fixed assets data all miss estimates. Asia markets are mixed. Donald trump is indicted in atlanta over alleged efforts to undo his 2020 election defeat in georgia, adding a fourth criminal case against the former president. Plus, what Warren Buffett is buying and selling. Well bring you the latest 13 f filings as hedge funds look to gain from the hype over artificial intelligence. Well, good morning. Welcome to tuesday. And it might be august, but its a busy one. Youve got traders betting that the fed is going to keep rates higher for longer. So treasury yields have been steadying in early trading in asia. But you did see the ten year yield climb to its highest since november yesterday. The two year yield, which of course is
Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt that weve made a lot of money, and maybe thats what were going to make for a month. Youve been pretty leery of this p
The two historical allies also reached deals aimed at boosting cooperation to develop artificial intelligence, semiconductors and green technologies. Meanwhile, biden and kishida brushed off a dispute over nippon steels offer for us steel, saying the issue was not a majorfactor in their discussions. Wendy cutler, a former acting deputy us trade representative, said the us and japan have benefited from maintaining close ties. Absolutely. I think both sides come into this summit confident and both the president and Prime Minister and their Press Conference underscored the huge two Way Investments that are moving between the two countries. The us is the largest fdi partner injapan and vice versa. Japanese companies are making huge investments in the united states, and this just serves to bring us closer, particularly with respect to strategic us closer, particularly with respect to strategic and advanced technology products. Now, the Biden Administration is also actively in talks with chi
At boosting cooperation to develop artificial intelligence, semiconductors, and green technology. Meanwhile, biden and kishida brushed off a dispute over nippon steels over for us steel, saying it was not a major factor in the majorfactor in the discussions. Major factor in the discussions. Wendy cutler, a former deputy at the us trade representative, said that us and japan have benefited from maintaining close ties. Absolutely. Think both sides come into this summit confident and both the president and Prime Minister in their Press Conference underscored the huge 2 Way Investments that are moving between the two countries. The us is the largest fdi partner injapan and vice versa. Japanese companies are making huge investments in the United States and this just serves to bring us closer, particularly with respect to strategic and advanced technology products. Right now, the Biden Administration is also actively in talks with chinas Economic Policy makers after something of a drought. W
Artificial intelligence, semiconductors and green technologies. Meanwhile, biden and kishida brushed off a dispute over nippon steels offer for us steel, saying the issue was not a majorfactor in their discussions. Wendy cutler, a former acting deputy us trade representative, said the us and japan have benefitted from maintaining close ties. I think both sides come into this summit confident and both the president and Prime Minister and their Press Conference underscored the huge two Way Investments that are moving between the two countries. The us is the largest fdi Partner Injapan and vice versa. Japanese companies are making huge investments in the united states, and this just serves to bring us closer, particularly with respect to strategic and advanced technology products. Now, the Biden Administration is also actively in talks with chinas Economic Policy makers after something of a drought. We saw janet yellen there over the last few days. How does that fit with the Economic Alli