day-to-day. all right, welcome to cross connection everyone. i am tiffany cross, and you just heard a little advice from former president barack obama. as president biden is hitting the campaign trail, trying to convince voters that the democratic party can t help. because trust me, they need more money. it does not mean more problems. people can definitely use if you are going to the bank. account inflation and the economy are at the top issues that fish voters care about. but listen, abortion rights, immigration, and protecting our democracy are all on the ballot to. so if you don t think you impact politics, believe, we politics definitely impacts. you get in that game and by all means. good morning, it. tiffany thank you for having. we every time you re on the show. we have so many things to talk, about not a lot of talk. time silica get off, you have seen a lot of the republican attack ads and i think there are some bad faith efforts out there to pin the economy on t
Opec supply cuts will tighten the market. It is labor day in the United States and canada, the regular band is out for the holiday and ive taken over for the interim period. A little bit of visibility of what is open. What we know is currently offline are the cash, u. S. Equities and theres also no cash u. S. Treasuries. Many firming up by 1 5 of 1 . The folks at jp morgan and Goldman Sachs making an argument around the story. In terms of valuations those are looking stretched. International equities more attractive. The twoyear german bunds with the country selling 5. 5 billion euros of twoyear government bonds thats coming up at the beginning of this month. A weaker greenback and then brent crude hovering short of 99 a barrel. Lets set the scene with assets in china. China builder shares surging with the nation boosting property support. Shares advancing 8. 7 . Weve taken the real estate index after the country cut down payments for homebuyers and encouraged lenders to lower rates on
Plus were also watching jamie dimon. He called out Central Banks saying theyve been, quote, 100 dead wrong. Were keeping an eye on chip stocks, nvidia and amd planning to launch an armed pc chip in 2025. Lets begin with the markets and the industrial earnings parade. Jim, i was trying to think which one of these would interest you the most. Im guessing ge. And it is. What happens is larry culp finished the wind and lets say power business much better than i thought. Therefore, the spinoff will look good. Theres always been concern that that business would be a dud. There was never, ever going to be a growth business. Instead, it seems like it will be the esg business of choice for people. David, anyone who thought lets say the long on money short on time travel situation is over and thinks there is a great aircraft demand, wrong. Ge and rtx proved that the demand for planes is probably as great a secular story out there. Free cash flow as well, they say is going to tend. This is the qu
About 15 in the south at this time of the year, 13 in the north, around average for the time of year in this autumn chill. Thanks, tomasz. Time now for the news where hello, im 0lly foster. Heres what coming up on sporstday Pitch Perfect if scotland keep their unbeaten run going in spain tomorrow night, they will be the first team through to euro 202a. Wayne rooney back in the english game hes the new manager at birmingham city. Ireland are unchanged for the all blacks. Well look ahead to the Rugby World Cup quarterfinals. When we were kids we didnt dream of ireland winning the world cup. We have put ourselves in a position now to go and do that. Also coming up on sportsday Rohit Sharma Shines For India as the hosts make it two wins out of two at the Cricket World Cup. The first wave of team gb athletes have been named for the olympics. Well hearfrom some of the sailing squad. Good evening. Weve got the cricket and Rugby World Cup coming up, but for scotland, all their focus is on the
We could sink our pals for giving clear signed today when they spoke at the federal Market Committee leaving these things unchanged. He mightve well done so, its really this simple you could timestamp the worse of the fed chief at his press conference with a charged s p rebound he made some comments right then to new heights it was perfectly tied that you had no wonder about how he got into the. To he became the bulls friend for a while. Going into he close gavel, things are very skittish but you know what, lately weve been worried about persistent inflation and shelter, cars, and foodstuffs which could have forced the fed to raise rates again. There are signs of softness, its all over the place but fortunately jay powell is worried more about the brown trees than the green trees. Hes not talking about tightening he thinks that inflation will go away on its own making it more of a dove than a hawk. The worstcase scenario for stocks he actually made a joke. He said he didnt see this or