Necessarily bad. Videogame companies are trying to one up each other at the e3 Gaming Convention in california. First, to our top story. President trump says he will not finalize a trade deal with china unless beijing returns to terms negotiated earlier in the year. Trump spoke to reporters as he left the white house for iowa, a day after he threatened to raise tariffs on china if chinese president xi jinping is not meet with President Trump at the g20 summit. Pres. Trump china is a major competitor and right now, china wants to make a deal very badly. It is me right now who is holding up the deal. Vonnie apple is coming up with a backup plan. Its manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. Right now, the Company Makes all of the iphones in china. How did the company decide it was able to do this, to make all of apples products outside of china so quickly . Investor who was anding to people in taiwan our reporter was ther
Bad. Videogame companies are trying to one up each other at the e3 Gaming Convention in california. We will hear from a Top Executive from microsoft and taketwo ceo. First, to the top story. President trump says he will not finalize a trade deal with china unless beijing returns to terms negotiated earlier in the year. Trump spoke to reporters as he left the white house for iowa, a day after he threatened to raise tariffs on china if chinese president xi jinping does not meet with President Trump at the g20 summit. Pres. Trump china is a major competitor and right now, china wants to make a deal very badly. It is me right now who is holding up the deal. Vonnie apple is geared up with a backup plan if the trade war gets out of hand. Its manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. Right now, the Company Makes all most of apples smartphones at chinese factories. How did the company decide it was able to do this, to make all
To rwanda under a new voluntary scheme being drawn up by ministers as they look to build on the successful deportation score so far, of absolutely zero. Thats all coming up in your next hour. Your next hour. Thank you for joining me on the show. Its always an absolute pleasure and always an absolute pleasure and a joy always an absolute pleasure and a joy to have your company. Two Big Questions ive already thrown out there social thrown out there on social media. Had thousands of media. Weve had thousands of responses. The show hasnt even responses. The show hasnt even started. First one, has the Political Class ever been more out of touch with ordinary brits . And they are right now. If you thought brexit was bad, what about this lot obsessed with racism , gaza, ramadan, with racism, gaza, ramadan, muslim war memorials. Tone deaf to. To immigration. Tone deaf to the needs of the majority of average brits . Let me know if you think theyre completely unfit for purpose. And following on
President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer to 4 . The earnings story is disney. So many stories in
Kathleen youre watching daybreak asia, coming to you live from new york and hong kong. Autonomous where coming down to asias major market open. Haidi oil hitting a high for the year on investors settling for a 10 year yield below 4 in the latest treasury auction. Disney gaining after the bell and a folk at forecast for lower Capital Spending. China says u. S. Is weaponizing trade as President Biden signs an executive order limiting investment in some of his companies. Kathleen lets take a look at u. S. Futures. It was a down day in stocks ahead of that big cpi report in the next 24 hours. You can see a bounce back but at the close, the nasdaq was down about 1. 2 . The s p 500 down 7 10 of 1 . Nvidia, big move down. One of our reporters saying earlier that people wonder what has gotten the cpi report so nvidia was down, tesla was down, amazon was down and then there was a big surge in lng prices. 28 in europe, caused by the threat of a strike in australia among Union Workers there. Coup