Market is positive by 0. 2 percent on the s p 500. Hours away from chairman powell and the News Conference. Tom it is a different it is changed outlook to the press conference that it was 48 hours boko ago. Jon it is not seven, it is six. It is not seven. The bad news, it is 6 inflation in the u. K. Lisa this is a positive but how much of a positive. The key distinction is the core measure came in much more than expected so stripping out food and energy, how much will we be talking about the difference between core and what you feel when you go to the store . Tom we are there when we are slicing and dicey like David Rosenberg. What you do with inflation and disinflation but the Central Banks torah centralbank story with me jon the highs going into this bad decision, crude we are right their own crude so the headline versus core conversation, how do they navigate that in the News Conference . Lisa at a certain point, oil feeds into that, the question is how much is this driven by demand
French election with a decisive win over Marine Le Pen. Rishaad right, we are looking at what is going on when it comes to trade numbers out of china. They should be out in the next hour, about 35 billion, the surplus there, giving us an idea of what is going on with the Global Economy and domestic demand, the intrinsic point for the chinese economy as we see this rebalancing taking place. Seeping out of the country, but it feels like these capital controls are working. Haidi some pretty jerked capital controls. Draconian pretty capital controls. We did see that in the fx reserves. 8392, that pulls together these stories, the yuan stabilizing, the spot rate, and then the monthly foreignexchange reserves. Around 3ll sitting trillion, but that number was much better than what economists were in, but does reflect a capitaluan, stricter controls but stopped money from leaving the country, and arguably a pickup in terms of sentiment in terms of how investors are perceiving how the chinese e
Not to protest the Democratic Convention opens the iraqi of booing at the first mention of Hillary Clinton. Following on twitter. That is my handle rishaadtv. Low pointngapore at a in the taipei on that line. Heres a look at what is going on and having a look. Seems like the bears at the moment, have to have some. The selling certainly appears to be back. We have the fall of record highs on the s p 500 during mondays session in most asian markets following that lead, particularly the nikkei with crude trading at a threemonth low. Malaysia coming online done 1 10 of 1 , singapore up one half of 1 . We had singapore with factory outputs do today. Hong kong in the philippines coming through with trade. Korea is pretty flat. We have seen a little bit of an expected read on secondquarter gdp coming through,. 71. 7 of 1 . The market is doing quite well coming under pressure on that weaker oil price in japan being down because of the yen strengthening. Southbank for earnings in the u. S. , bu
Im francine lacqua. It is all about the fed and what heard from the minutes yesterday. The europe 600 started and they are unchanged. The minute showing the policymakers wont rush to raise rates. This is a picture for gold. 1,229. We wanted to show you japanese yen, advancing to a 17 months high. Brent crude 39. 8. We had some stockpiles in the u. S. Yesterday. Oil. A note on the goldilocks number for oil is 35. Dutch voters have rejected a treaty between the European Union and ukraine by a margin of 221. The result of the referendum has exposed the extent of anti e. U. Sentiments. Britain decides to leave the European Union the outcomes are potentially unknown according to jamie dimon. He says even in the best case scenario, there would be years of uncertainty. A brazilian congressional report has recommended that impeachment proceedings against president rousseff move forward. The report found evidence she used illegal financing. Seff says the charges are baseless and her supporters
George stephanopoulos begins now. Good morning, we begin with that desperate raid gone wrong. American journalist luke somers killed during a last minute rescue attempt. Held by al qaeda in yemen for more than a year. His captors promised to kill him this weekend. U. S. Special forces swooped in, but they were discovered at the last moment. And abcs chief investigative correspondent brian ross has the details. The president gave the okay after intelligence reports said they were going to execute the 33yearold luke somers. It was a highrisk mission to begin with. Launched under an almost full moon from a u. S. Air base around 1 00 a. M. Local time. It was a very dangerous and complicated mission. But like always in these efforts, there is theres risk. Reporter some 40 commanders from the elite s. E. A. L. Team 6 landed six miles away from the al qaeda hideout to avoid being detected by the aircraft noise. The team made its way on foot to within 100 yards of the objective when a u. S. Co