President trump says talks with china have been good and xi jinping wants to do something. Alibaba beat the highest revenue estimates defying the slowdown with a june sales bonanza and robust demand. Lets get you a quick check of how markets closed that there is a session in the u. S. A very volatile session at 10 trading day. We saw the s p 500 fluctuating 12least 1 in the past sessions. It did manage to end the session higher by. 25 , this coming as we saw quite strong earnings reports from walmart helping investor sentiment. That also being helped by the fact that we got some strong economic data. U. S. Retail sales jumping the most in four months for a fifth consecutive session, consecutive months of gains. Still, there was not enough for the treasury rally to subside. Take a look at treasuries because that rally resumed. We saw the 30year yield now breaking below 2 for the First Time Ever. The 10year yield also at one point falling below 1. 5 , now at a threeyear low. Treasuries f
Economy. Contrasting fortunes. Jp morgan cuts its fullyear forecast. Goldman sachs revenue bucks wall street trend. Shery later in Bloomberg Technology global link, we will be talking about the showdowns in washington facing Silicon Valley. Lets get a quick check of how the markets closed in the u. S. Regulatory scrutiny in congress being felt across the market as tech stocks underperformed in todays session with the s p 500 now holding the fiveday rally. We had President Trumps comments on tariffs dampening sentiments as well. Tech giants took a hit. We had Energy Producers leading some of those declines as we continue to see the selloff in oil markets. We had u. S. Bank earnings. They little bit mixed. Goldman sachs managed to jump after beating the unit. We had some strong data out of the u. S. When it came to retail sales. That sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. That led to the yield l
This stepping into the crypto space we have a good show today so lets go and dive right in. Bankruptcy filing for brazils Largest Company heads our global report today as the scandal plagued old brick Construction Firm seeks protection from Sao Paulo Court the name older brecht has become associated with high level scandals across the americas most consequentially within brazil was at the center of the infamous car wash scandal which was cited in the impeachment of president Dilma Rousseff and became a vehicle for the disqualification of popular former brazilian president lula dissimilar from the last president ial election digital messages recently published by the intercept show that the judge in the lula carwash case assisted prosecutors while publicly insisting that he was impartial and an involved that judge sergio morrow was named a socalled Super Justice minister by president also narrow to petition the court for protection. From creditors while it attempts to restructure 130000
To make sure it is available when needed for review and investigation pushback from the u. S. Side on those regulations include recent comments on the law from u. S. Secretary of state mike pompei o who insisted on the free flow of information ahead of an official visit to india later this month on monday the indian commerce minister yall and r. B. I. Officials met with representatives of tech and Credit Card Companies including the c. E. O. Of master card. The Ministry Later released a statement that said Indian Officials quote assured the industry representatives that the reserve bank of india will look into this. And often overshadowed by the us china trade war is the brewing trade to between india and the United States similarly many may not realize just how integra india is to the Global Economy while most of us are aware that products are assembled in china and then distributed globally most obvious is the role that india has in terms of business integration in the world where ch
The India Brand Equity Foundation or i b e f the Service Sector made up more than 54 percent of indias g. D. P. Which comes out to more than 60000000000. 00 worth of net Service Exports the Service Sector consists of many areas but notably among them is the Communications Sector which has seen a boost in the numbers of Call Service Center jobs that have been outsourced to the nation also at the top of the a list of indian Service Sector jobs are tourism transport trade and construction so much like cheaper and manufacturing is on the line in the us is trade war with china could we soon see these services put on the line and get another front of a trade war here to dig a little deeper into the dilemma alan grayson former United States representative welcome to the show. Thank you congressman as we just noted the u. S. China trade war is making headlines but trade tension is increasing between the u. S. And india as well on monday specifically the Government Indian government impose tari