Driven by a weaker dollar. Whereturn to istanbul, bloombergs Turkey Bureau chief is standing by, and chris reiter is in berlin. President erdogan has sounded out again, ahead of the central bank decision. What can we expect today . There is a universal expectation that there will be a cut in Interest Rates later Turkish Central Bank Monetary Policy convene committee convenes. What we dont know is how much. If the decision is in line with estimates, which predict around thet of 150 basis points, rate of return on the turkish lira adjusted for inflation goes down to 1. 9 . Thats a crucial number, still above the average of real return e. M. s, which turkey is considered part of, but below countries that turkey is usually judged against like russia and south africa. We have seen anxiety in turkish markets over the last week. The lira has been weakening to levels not seen in about two months, and the decision at 2 00 p. M. Will determine the Market Reaction later today. Matt more Central B
26,828, also would set a record. Its the first time it would be the First Time Since october of 2018. The tenyear treasury yield falling to its lowest level since 2016 as we see yields globally fall as well. Were awaiting the key june jobs report as well due out on friday morning. Nasdaq only just off its own closing. Dow and s p comfortably in that territory. Josh brown is with us from ritzhold Wealth Management great to be here. Youre always here on these record high days you keep the market going higher they book me far in advance, though, so i cant take any credit what are you watching in terms of the slightly disappointing data does that concern you or not im concerned all the time. We have a saying that only price pays so you can look at everything that you want and knock yourself out, but at the end of the day, if youre looking at price, its impossible to be bearish you cant like what more do you want out of a market s p 500, new highs more importantly, xly, consumer discretiona
And that it is financially insane to buy anything but an electric car. Hong kong is bracing for more mass protest as the extradition bill goes before them. Breaking news out of south korea. We have the Unemployment Rate coming in at 4 for the month of may. Slightly lower than was anticipated. 4. 1 . It is also lower than in the previous month, when we saw 4. 1 , the jobless rate. We have seen, when it comes in south korea, really strong growth when it comes public sector, jobs. The government trying to support the economy and working towards job creation. In the private sector, we are seeing some of that weakness. We are expecting budget coming from south korea to help job creation in the future. For now, the Unemployment Rate at or percent the month of may. Markets in asia are shifting up and go to sophie in hong kong. Some midweek caution may emerge after the best threeday gain for asian talks since january. Kiwi shares giving back some of tuesdays game. Game. Gain. Do bok is to rele
Where it can start as a wintry mix. It is sunday february 4th good morning, im jan carabao, lets start off with the forecast, heres meet role goodies Chelsea Ingram with eyewitness weather. Good sunday morning. Finally here the big day. I know, such an exciting day, exciting morning, we are however going to be dealing with precipitation heading our way and for some, it is going to start out as a wintry mix, or just plane old snow before we all change over to that rain later on today and, of course, we will talk about that. Let me start off with a live look, you can see city off in the distance, as we are taking a look at live Neighborhood Network across the river eagles nation lit up in green and ready for the big game later on tonight. Storm scan three shows us that we still have a couple returns , it looks like snow has been moving through portions of the Delaware Valley but i can tell you after looking at observations it doesnt even look like this is hitting the ground just yet but
Temperatures across the region. Long range forecast models remain dry through the middle of the month. marty we beginning with breaking news this morning. Two people are dead and at least 70 are injured. After an amtrak train crashed with a Freight Train in south carolina. Police say the injuries range from scratches. To broken bones. The amtrak train was travelling from new york to miami. There were eight crew members and 139 passengers on board. Police say about 5thousand gallons of fuel spilled. The ntsb is investigating the cause of the crash. marty back here in the bay area. A new report highlights the major problems concerning sex workers at illegal massage parlors. Kron 4s Ella Sogomonian says the report points out that some of the biggest problems are in San Francisco and san jose. Antihuman trafficking organzation polaris found an average of around 200 illicit massage parlors in both San Francisco and san jose each. A task force with the city of San Francisco is actively comba