Maria good morning, big show this morning, coming up mit professor of oh economics and obamacare architect is here to talk democrat medicare for all professes, International Policy analyst richard here to talk iran, lots to talk about this morning, dont miss a moment of it. Rally underway, joining the conversation fox business Dierdre Bolton and wall street journal Editorial Page Editor James Freeman and host of the secrets of wealthy women podcast veronica dagger. Happy friday. We have a firmer tone this morning, stocks surging earlier in premarket also the highs right now, but still higher as markets continue in rate cut, 2day meeting, july 30 or 31. 25 basis cut and this morning to you i keep thinking of microsoft, what a huge surprise that was the First Time Ever that Cloud Business just rocketed. But stock was left for dead, right, after the eu declared monopoly, its not just a oneman show. Maria leadership has helped the company. Yeah, for sure, i wonder why is it a 90 chance of
New protests in hong kong. No cigar. Shinzo abes Ruling Coalition wins the upper house but has failed a getting a super majority. We will have the results of the reaction. After a volatile week, stocks closed lower on friday amidst news of mounting tensions in the persian gulf. The Federal Reserve will limit a rate cut to a quarter of a point. Sophie we are setting up for a soft start to a busy week. On thursday, we will get south korean gdp numbers, ahead of which we will get export data in about an hours time. We are moving into high gear on the earnings front, with about 200 Japanese Companies reporting this week. Watching asahi. Switching up the board to check in on oil. Persian gulf tensions are extending a rally. Theleen lets check in on first world news. The Hong Kong Government has denounced the actions of protesters who targeted chinas main headquarters in the city as a peaceful mass rally turned violent late sunday evening. Gas asfired tear demonstrators converged on beijings
The top dog. Some fans are not impressed. It is friday, july 5th. Fbn a. M. Starts right now. Ive been shaking. I love it when you go crazy. You take all my inhibitions. Baby, theres Nothing Holding me back. Lauren welcome, everybody to fbn a. M. The day after the 4th of july. We hope you had a great pen independence day. Im lauren simonetti. Cheryl im cheryl casone. Lauren you have u. S. Futures all three major averages at record highs on the close wednesday. Today, small pullback, dow down 44. Cheryl the yield on the 1 0 yea10treasury is up by 9 basis points, 1. 96 . Were gearing up for the fed meeting later this p month. Oil, 5 56. 60 a barrel. Cheryl its a mixed picture in asia. The nikkei and kospi barely in the green. Lauren in europe, stocks are trading to the downside, losing a quarter to a third of 1 . Cheryl our top story, stocks g at record highs this morning after wall street celebrated the 4th of july on wednesday. The dow, the s p, the nasdaq all closed, up about 7 10 of
Visiting his grandmother. But first on monday, its down to business. Trade tensions between china and the west are running high particularly over the effect that chinas production of Electric Vehicles has on the international market. Tesla, for example, is already struggling to compete with big chinese players such as byd. Later the European Commission president , ursula von der leyen, will take part in talks to resolve frictions over this particularly over chinese subsidies. The eu wants to fight the corner of european manufacturers hoping to sell their cars both to european consumers and globally. And, of course, theres irritation about chinas perceived toleration of russia since its full scale invasion of ukraine over two years ago. President macron will voice european concerns about that but those words theyre not likely to upend the current world order. Mr xi faces an uphill task in Unwinding Measures against china. Thats according to zsuzsa anna ferenczy, shes an Assistant Profes
And sees a Million Dollar plus loss in the last quarter. Haidi janet yellen defending her time in office as the race for the fed narrows to three. Fromad half an hour from house price figures. We look at tier one cities in particular to see how things go there. This exemplifies how the pressure on these homebuilders are lessening at the moment. N with house price growth and 60 year on year. It has come down with a bank to earth. The prices for shanghai and beijing have been more modest. For the latest update on the sauce prices and where the market is going from here. Those house prices and where the market is going from here. Haidi president xi jinping reiterating this theme, that housing is for living, not speculative buying. In the lastwatching few days of the 19th Party Congress for news about this reshuffle of the Standing Committee and news when it comes to the 10year of the pboc governor. Tenure of the pboc governor. We do have the ecb policy looking for framework of tightening