Well. It is important to remember that june did coincide with the weeks price for iron ore so far this year at 50, 55 per ton before recovering to 65 a time later in the month and coincided with the beginning of this strength in the australian dollar. Of the austrian dollar, it is slipping, though not enormously so. A bit of a miss for the june trade data, 856 million. Rishaad thank you so much for that. Thats get it to sophie at reactionlooking to that and the pmi number. The dow puts in an alltime high and it is acting as a headwind. We are seeing investors shrugged off enthusiasm. Equities and currencies under pressure and the region. , ande stocks falling. 2 pressure on the aussie dollar has not subsided given that data out of sydney, falling. 5 . Chinese stocks extending wednesdays losses, down about. 1 . Snapping ang threeday rise, down. 3 . We are seeing investors curb enthusiasm as the rally in hong kong could be due for a pause. We do have the dollar rebounding slightly from a
Disney announced it will pull its content on the streaming service. But top netflix watchers says the market is giving you a gift. He will be here to lay out the full case for netflix and thats where we want to start with the mayhem caused yesterday to ditch netflix. The move causing shock waves, both necessary felix and disney falling along with viacom and discovery with all these stocks falling, are we witnessing a war with no winners . Yes, youre withnessing a wa, but i think theyll be winners rich is going to talk about it, so i wont try to steal its thunder. I think netflix wins they didnt trade poorly today the growth index international. The disney relationship, they werent with disney international. It was just u. S. They spent about 200 million give or take for disney content out of 7 billion theyre going to spend overall so although disney is a huge headline, i think the effect is demin mus. They said the issue if disney is going to make a strong play and keep their content o
Of energy. Will he get his weight . Way . Thats what you need to know. Fed decision. Bloombergs Michael Mckee. The lead line today, the fed finally nails Economic Projections except the one that matters, rate hikes. Inflation. What does it mean . Michael it may be the fed last hurrah. Wall street moves from the tempo to the capital and fiscal policy. The fed is going to be moving from what are you going to do in reaction to the economy to what are you going to do in reaction to fiscal policy . Where itmeeting about is. With a chart of inflation and unemployment as a are converging to where they said they would be. It is time to raise rates. That is why you do not see arguments from the market. What do they do is donald trump gets Infrastructure Spending and tax cuts through and the economy heats up . That is an open question. I have one other chart i want to show you. Monetary policy, even if the fed moves, very, very loose. Monetary conditions index is moving slowly, real rates are ne
Action News Delaware valleys leading news program with jim gardner. Shots rang out in the 1100 block of east hanes street in germantown tonight and a passenger in a jeep was struck in the head. That led the driver to crash head on into another vehicle injuring three people. Was this a targeted shooting, a stray bullet or a case of road rage. It is tuesday night and the big story on action news tonight is spontaneous problems and dann cuellar is there. Police dont know the why but the how could be very clear soon because its believed the crime may have been captured by surveillance cameras. Investigators say it was after 6 30 in the 1100 of east hanes residents reported hearing Gunshots Police would soon learn two of the gunshots were fired directly through a rented Jeep Grand Cherokee striking a male passenger in the front seat. After the gunshots went through the front windshield striking the 25yearold front seat passenger it caused the driver of that jeep to lose control and strike a
Action News Delaware valleys leading news program with jim gardner. Shots rang out in the 1100 block of east hanes street in germantown tonight and a passenger in a jeep was struck in the head. That led the driver to crash head on into another vehicle injuring three people. Was this a targeted shooting, a stray bullet or a case of road rage. It is tuesday night and the big story on action news tonight is spontaneous problems and dann cuellar is there. Police dont know the why but the how could be very clear soon because its believed the crime may have been captured by surveillance cameras. Investigators say it was after 6 30 in the 1100 of east hanes residents reported hearing Gunshots Police would soon learn two of the gunshots were fired directly through a rented Jeep Grand Cherokee striking a male passenger in the front seat. After the gunshots went through the front windshield striking the 25yearold front seat passenger it caused the driver of that jeep to lose control and strike a