Deeper to hit the stories that Mainstream Media refuses to tell more than we need to be smart we need to stop slamming the door on the bad and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. Join me every thursday on the alex salmond shill and ill be speaking to guest of the world of politics Small Business im show business ill see you then. This is boom bust broadcasting around the globe and covering the world of business and finance and the impact upon us all. And im in washington and the like i was on saturday market watch it around the world are focused on the state of our minutes again today as the u. S. President imposes sanctions over the downy of u. S. Military drone rick rule of sprott holding on hand to help us tap into the consequences of a conflict on oil prices and what we can expect in effect are going forward. The middle east while it isnt the only concern for
And small caps are outperforming. Joining us for the hour is steve grasso taken by semis, is is that ahead of micron, g20 . I think that it is a bit of both bullard was not bullish. Market was expecting one thing, not the other. And micron is after the bell, so people are getting ahead of that people so either earnings or semis, chicken or the egg there, but that took us down. Something the bears point to, semiconductors are traditionally a tell on the economy and they are not at record highs. I think that they are still in correction so if you had to poll everyone now within the marketplace, people are going to err on the side of growth is slowing. Cant find anyone that says growth is ratcheting up. So these have been the bullseye for growthand they have been your cautionary tale thus far within the marketplace and with g20 and with china and everything all encompassing. Microsoft also suffering. Ten year back below 2 all factoring into the selloff lets drill into the big stories. We
The Chinese Military. There is a workaround to the blacklisting. Malaysias president is not satisfied with goldmans offer to settle the 1mdb case. Goldman sells me a killing on this. The fed stays in the spotlight. Top officials talk to us about rate cuts and policy plans. 50 basis points would be overdone. Its too early to know whether we should use the tool at all. And what magnitude we should apply. Its all straight ahead on bloomberg best. Taylor hello and welcome. I am taylor riggs. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines. President trump made it clear he was ready to impose additional economic sanctions on iran. On monday, he followed through on that pledge. President trump today imposing sanctions on the Supreme Leader of iran. Telling reporters at the white house, the action would deny the ayatollah access to financi
Surveillance. I am Francine Lacqua. These are your markets. A lot of these european stocks higher at the opening. Now they are down a touch. Lets call it flat. I am looking at oil. A lot of the picture is contingent surrounding iran so you see a little bit of a lift up for american crude. What is going on with these european markets and you are seeing it reflected in yen. Yen is the one story that is the haven. Any risk attitude is reflected on yen. European stocks, a lot of investors are looking at these amounting into political risks. Ifore getting some figures. The german index, 97. 4. We get up around we get the with hernan a cristerna. Lets get to the bloomberg first word news in new york city. The drumbeat for Federal Reserve rate cut is getting louder. Minneapolis fed president says he called for a reduction at last weeks meeting. These comments reinforcing expectations the central bank is on course to cut rates. Trump says he would be able to demote fed chairman if he wanted to
With free dennys delivery. See you at dennys. Com nerves left rattle after the strongest earthquake in 20 years jolts southern california. In oakland, police are confiscating lots of illegal fireworks. In San Francisco with thousands who are watching the fourth of July Fireworks despite the fog. The news starts now. Happening right now, you probably hear them. Illegal fireworks are exploding around the bay area. Abc 7 News Reporter joining us now from the oakland hills. What are you seeing and hearing tonight . We definitely cant see anything and the fog rolled in, but we can hear the illegal fireworks. They started around six hours ago. From the oakland hills, the pops, bangs and booms are nonstop. Those are the sounds of illegal fireworks as well as gunfire ringing out from oakland this fourth of july. Were hear like gunshot noises and kind of like a little fireworks, i guess. More of gunshots. This woman will keep her dog inside all night because of the commotion. These not the only