Said biden made it worse, that is not good for president hu is touring the country trying to sell bidenomics. Maybe thats why an increasing number of democrats are trying to get him to step aside. Congressman dean phillips has launched a National Campaign asking the party to find someone else. After many summit with leaders of south korea a the president leleaves in lake tahoe californa so he can be in hawaii on monday. Lets get to the market, you are not going to like this, look out below, the dow is looking at the worst week in five months. The opening bell, were probably going to be down 160 into serious loss and the nasdaq, down 130 points. Interest rates, uptrend, that is not good for stocks, the ten year treasury yields well above four and a quarter percent, 427 in the twoyear treasury getting the same of what what it was yesterday. Slick close to 5 , look at bitcoin a sudden drop after elon musk said he had written down the value of the Crypto Holding that spacex, the wall stree
This indictment is so off the walls, wearing uncharted territory with these types of charges, is absolute nonsense political persecution, this complete tierney in georgia today. The air has to come out of some of the tech names because they have been really stressed over the last six months those things are going anywhere. We go to yearend market is looking at the high evaluation against higher Interest Rates and the underlying economy is so strong and after this rocky. Things might get a little bit better. Stuart i love this song, here comes the sun from the beatles. I was shimmying before this came on. Stuart i hope we got on tape, 11 00 oclock on the east coast on this friday august the 18 18th, to the markets, the dow is turned around, at one point down over one or two points, now its up eight, same with the nasdaq down 150 now its down 74 a small lawson s p, big tech earlier they were all down, they are still all down but not as much, apple 173, microsoft was at 312, now it is at
First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fueled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are in Part Keeping Inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. The bbc s economics editor faisal islam has more. The heat may be coming out of rising prices at supermarkets and convenience shops, and that can be seen, for example, in milk prices on the shelves of this shop in walsall. Overall they are still rising, butjust by less than they were. This area was, originally, about two months ago, all a pound