1. 5 . L one down the fed being a little bit harder on the credit card side of things. Guy we are waiting for that g20 meeting. We will be keeping in of it we will be keeping an eye on things in turkey, were president erdogan lost that Mayoral Election. Bond proxy stocks continue their incredible round. The dollar is down versus the euro. We hear from powell again tomorrow. Bid, 1406nues to be where we are now trading. Vonnie bitcoin above 11,000 right now, making a comeback it seems. Ins get more on the markets general, including how geopolitics are playing in todays trade. We are joined by ab emerging multiasset portfolio manager. Fedt the change in the tone has certainly supported risk assets more broadly. I think this is probably going to be a more constructive week going forward, but i think after the g20 meeting, it is more likely that people will be reminded we are in a slow growth, high volatility environment, so strategy set emphasize Risk Management and income are more likely
Wealth we live in a world where its increasingly difficult to become rich if you werent born that way and love it or hate it i believe the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in this country but there simply arent that many jobs that pay you a salary fat enough to actually make you rich even if youre a total cheapskate and save nearly every single penny you earn. The truth is if you want to become really wealthy in this country unless youre born with a silver spoon in your mouth that means planning your Financial Strategy for an entire lifetime even if you dont have a super high paying job as long as you can save a decent chunk and invest it wisely year after year, you can make your wealth grow to the point where you become if not filthy rich then at least the very at least financially independent. Meaning, you dont need to worry about your job security or where your next paycheck is going to come from
Look at what to some other action was taking place in the markets. What were you watching, abigail . Abigail im going to talk about the risk assets but on a longerterm basis this comes from bank of America America lynch. He joined us for charting features. What we are looking at and yellow is the s p 500 going back to january, 2018. In blue, highyield bond index. In white, that investmentgrade bond index. We see as the s p 500 was putting an alltime high and a strong january, those bond indexes were sliding. As the s p 500 climbed into its september alltime high, they were climbing a little bit but pretty tepid. Out of the Fourth Quarter bottoming, a huge rally for stocks, investmentgrade bonds and highyield bonds. Believe a steve to new alltime high is ahead for the s p 500. Emma of course, the big move in markets today came in the oil markets. Both wti and brent crudes rising about 4. 5 . Should be able to show you a chart that shows as the highs of brent crude, the biggest intraday
Ed you are watching daybreak asia live from new york sydney and hong kong. Haidi counting down to asias major market opens. Paul u. S. Inflation signals complicate the fed outlook. Penciling in a first rate cut by mid 2024. Sx traders are back on the yen intervention watch. Country garden to suspend trading for monday in almost a dozen onshore bonds. Softbank reportedly in talks to buy the rest of chip designer arm from its own vision fund. Shery u. S. Futures early in the Asian Session seeing upside after the s p 500 struggled for direction in the friday session. It finished at a onemonth low. Really after fluctuations between gains and losses, big tech led the declines. We had the nasdaq 100 seeing the longest losing streak on a weekly basis this year. Big tech pressured the markets, not to mention investors were really trying to digest Inflation Numbers, whether it is Consumer Inflation Expectations unexpectedly falling. Producer prices surprising to the upside pressured the treasur
Building a better bay area, moving forward, finding solutions. This is abc 7 news. Kumasi donald trump indicted for the fourth time facing multiple felony charges in georgia for trying to overturn the 2020 election. The reaction overnight. Amanda strike suspended. 4500 san jose workers no longer walking off the job today. Kumasi taking a live look outside this morning, some hotter days expected this week for parts of the bay area. Drew has a look at the full forecast in just a moment. Good morning, everyone. It is tuesday, august 15. Looking absolutely beautiful out there. Amanda thank you for having me. Kumasi happy you are here. What is in store today . Drew weatherwise, it is going to be humid. Jobina we want to get the some of this quickly. We have a crash jamming things up in San Francisco. It is going to be northbound 101 past cesar chavez. Traffic is backing up past 280. Expect delays if you are moving through that area. You see the backup is already on its way. The highway 4 co