A full inquiry underway there is talk of criminal charges if indeed the source of this leak is discovered on the basis of breaches of the official secrecy act but for the moment thats met that may well be where it lies until of course theres a new Prime Minister possibly in 2 weeks time well definitely in 2 weeks time who takes a rather different view and decides to get rid of mr derek in favor of another ambassador as hes means of repairing the damage if you like and leave it there thanks so much jonah. Plenty more still ahead on the news hour including tears for the innocents the u. N. Condemns the rising number of children killed in syria. Fighting breaks out as a murder journalist is laid to rest in haiti amid sport kenya makes its case to become a destination for the worlds best valley drivers. Benighted nations is concerned about the growing number of children being killed in the war in rebel held areas of syria it live in Hama Province is a being bombarded for a further month Sy
Joining us for the hour to break down the market action, keith bliss. Good afternoon to you. Thank you very much, wilf really good to be with you snapshot of today, why are we selling off . Number one, you have low volumes coming into july you usually have the spike in june on the weekly volumes were seeing that today. Listen, you got to say the news is really washing over the markets as it relates to boeing. The downgrade we had at apple, people are getting nervous about what fed chairman powell may say and may not do at the end of the month. I think thats why youre seeing a little selloff in combination with that is we did get overbought in the dow a couple weeks ago are traders talking about the fed and whether they may not cut at the end of the month . Youre certainly seeing that in the discussions that you have with traders and investors alike. Youre not seeing it reflected in the fed funds futures yet still an overwhelming majority of people think were going to get a 25basis poin
The market rewinding as the fed rate cut hopes are dampened. Wall street is getting more bearish as Morgan Stanley says to sell stocks now euro banks are in turmoil as Deutsche Bank takes measures to restructure. Did it come too far too fast, and are we about to see a stock rewind guy . Number one karens back, youre everybodys back now gangs all here all here. And the matching outfit matchymatchy cute. Whats wrong, dan i havent seen you in a month and youre already discounting me no, im loving the Syracuse Orange way to represent, people listen, i think stocks have gone too far, too fast, absolutely i thought that, you know, probably 250, 200 dow points ago, maybe 75 s p handles to go. With that said, you know, the Morgan Stanley, thrive beentive. I think theyre going to be right. The thing on the list that concerns me the most believe it or not is Deutsche Bank and european banks in general. I do think the markets banking way too much on the Federal Reserve that is now people think th
Market. We had those jobs numbers and the last half hour. The Unemployment Rate falling to 2. 4 , revised 2. 5 a month earlier. That puts upward pressure on wages. We want to see sustained salary gains for the boj to shift his policy settings. Its policy settings. Perhaps tempering expectations of the market. He has been in brazil after a meeting of g20 finance chiefs saying they are not in that position yet to see sustained stable inflation target countering what came through from a board member yesterday, saying the price target was finally coming into sight. Just some of the different headlines about the boj, but ueda is saying the inflation target is not insight. Markets wise, the japanese yen holding that 1. 50 mark. Stocks are a little more positive. That preferred inflation gauge for the fed meeting estimates, holding the 2 target for the u. S. But it does allay any concerns about researching inflation. Resurging inflation. We did see u. S. Stocks hitting record highs. Breaking
The sound of rocket fire rang out across gaza city, Mahmoud Abbas said the killing or abuse of civilians contravenes morals , religion and international law. His comments came as vital medical supplies run dangerously low in gaza. The International Red cross warning the situation is deteriorating fast. The only is deteriorating fast. The only remaining power station stopped working yesterday in gaza city and fuel supplies that are keeping generators going at night are also dwindling. They night are also dwindling. They could run out today. Night are also dwindling. They could run out today. Well, the could run out today. Well, the us secretary of state has described the hamas terror attack from last saturday as depravity in its worst. Speaking depravity in its worst. Speaking dunng depravity in its worst. Speaking during his trip to israel today, he reassured the israeli Prime Minister Benjamin Netanyahu, that as long as america existed , israel would never have to defend itself on its