Thats a 13. 8 increase month on month. Pretty good, alix. Israel alix can it last . And coming up this hour well speak to valley grant, Senior Vice President and henry mcveigh, ahead of global maam row and Asset Allocation with his report on economy and investments. The main macronews that happened was beijing following through on the threat of retaliation, china ordering the u. S. To close the consulate in chengdu and comes after the foreed closer of a Chinese Mission in houston. Sharon chin the asian bureau chief, how big of a disruption is it between the two countries . Sharon i mean the whole dispute over the consulates, the u. S. Asking china to shut its houston consulate and china asking the u. S. To shut down its consulate in chengdu has en a severe reaction and the worst theyve taken in the last few years. Here it was immediate, people on the ground expressing support for the chinese government. There was a lot of security on the scene in front of the consulate in chengdu and a
Surgeons as the daily virus death toll drops. We get pmis from across the region throughout the program. Fragile sentiment. Stocks fall amid political sparring between the u. S. And china. President trump promises a conclusive report following allegations the coronavirus began in a wuhan lab. This crisis is different. Warren buffett explains why he has not put his record cap trial to work as companies clamor for liquidity. Futures equity markets, to the downside. Matt miller is with us from berlin. Futures suggest we will see some weakness at the start of trade. Matt absolutely. We are looking at euro stoxx 50 daxres down 3. 5 , as our futures. Ftse futures trading down. 5 . Nonetheless, in the red this morning. If you look at u. S. Futures, you red as well. U. S. Futures down about 1 across s p, dow jones, and nasdaq emini contracts so it does look like we are headed for a riskoff monday to kick off the week. Just under one hour away from the start of cash trade, as i said, and we exp
Forecasts dont take into account that nodeal possibility. This is a key thing that mark carney is going to have to navigate. Heres been a big divergence a lot slowing rate and of people expect rate cuts. How do they forecast this . Do they make separate forecasts based on a nodeal scenario . What will it mean for the pound . Weve hit the lowest since 2017 in todays session and if mark carney does come out with a little bit more of a dovish statement in any way and that puts further pressure on the pound, that of course then could feed into inflation. So hes talked recently about the fact that he really does need to try to illustrate these market activities. Thats what the focus will be. Also of course on new growth and inflation forecasts. The key thing they said is that the uncertainty means a wide range of parts for the economy. There could be volatility during that News Conference. Lisa as we see the pound weaken, weve seen Inflation Expectations pick up. Lets throw up a chart here
To digest this weeks Economic Data here are three beneficials. Susan collins will speak soon and John Williams the president of the new york will give the keynote. We have had a flat day in stocks. Mass dog breaking into the red, down. 3 . The s p is still in the red. Two year yields are down. 03 and bitcoin going parabolic breaking above 62,000 less than 7000 from an alltime high and will talk more about that later. Midday movers on the equity side. We have used and bitcoin and marathon digital have seen gains. We are also looking at beyond meat sore after delivering a better than expected forecast. Ebay shares are up the most since november 2022 after a buyback plan. United health with the biggest declined by 4. 8 5 on the day. The u. S. Initiated an investigation into the largest u. S. Health insurer. When it comes to the fed, Mark Mccormick gave his to take when they have their first cut. We believe they will cut ma, growth is slowing but not catering. Sonali lets bring in policy e
Permit to carry a gun in states that allow it. China engaged in security talks today with japan following north koreas Missile Launch today. This came after demands by President Trump for beijing to get tougher with pyongyang. Lauer, today show anchor, has been fired by the today show over allegations of sexual behavior. Global news, 20 four hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. Technology is next area bl oomberg technology is next. Emily i am emily chiang. Coming up, the u. S. Tax overhaul could be to blame for the tech crumble. Ubersing its take on cultural uturn and Sexual Harassment, from Silicon Valley to washington. And our ride in the chevy volt and my conversation with the gm president. Tech stocks were caught in a massive selloff in wednesdays trading session, while the dow hit a new record, tech shares tumbled more than 1 , its biggest decline in three months. Abigail doolittle joins us. How common is t