For the tech sector. Ai Chip Giant nvidia has been surging on reports that the us government is considering allowing it to export advanced semiconductors to Saudi Arabia itjumped some 8 in Wednesdays Session pulling up the rest of big tech. Melissa 0tto is from S P global visible alpha where she heads up their technology research team. Just had us Producer Price Index data a little hotter than expected. That coupled with a little hotter consumer Price Index data yesterday. Does it change anything for when the fed meets next week . Are markets too optimistic about the pace of further Rate Cuts . Thank you, great to connect with you today. 0verall, thank you, great to connect with you today. Overall, the economic data that we saw Yesterday And Today was broadly in line with expectations. Based on S And P intelligence submitted for the September Rate cut of 25 basiS Points, what we have been seeing and driving some of the volatility in the market is there was some rhetoric over the past f
Im lukwesa burak. We start here in the uk because the uks national debt is on course to triple over the next half a century. Thats the warning from the governments official forecaster, the office for budget responsibility. An ageing population, climate change, and rising geopolitical tensions will all put increasing pressure on the Public Finances according to the 0brs report. And it says without extra Tax Revenues or a return to post War Productivity levels, the Public Finances are not sustainable over the long term, and something has got to give. Uk national debt is currently at almost 100 of the size of its annual Economy Output or gdp. The 0br says its Base Scenario is a national debt of 274 of gdp in 2071. Risks from war, disease, cyber Conflict And Trade tensions could push that even higher. By 2071, the 0br expects the uk to be spending more than £200 Billion extra per year on things like health, Social Care and pensions. The chair of the 0br Richard Hughes spoke to the bbc ear
Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot going on, because we have Christine Lagarde testifying in parliament. We will bring you anything that comes out of it. The markets focusing on infections rising around the world. They are focusing around the fact that we could see a stimulus. Lets get to the markets. I dont know if we have them. If we do, it could be great, and it would be a good time to look at them. Overall,ok at stocks they are falling along u. S. Futures, tougher restrictions, progress toward a vaccine. We have plenty more of course on that. Astrazeneca at rising amidst positive news on its coronavirus vaccine. We are hearing from Christine Lagarde. We had an exclusive conversation days ago. The focus is on the need for a stimulus. The focus is also on the need for markets to do a little bit more. She said basically the ecb delivered in the first wave. She is talking about the physical packages, on course for a fis
Or no deal. Time is running out for brussels and london to ensure smooth trades come january the 1st. Hello and welcome to do business on what to johnson berlin. Good to have you with us. The chinese president xi jinping, hits back against suggestions china could be looking to go it alone amid a rise in protectionism and trade tensions speaking at a virtual Asia Pacific Economic cooperation forum. She said global collaboration on issues from free trade to Vaccine Development is needed now more than ever. Critics, however, were quick to point out chinas increasing aggression towards trade partners such as australia and its lack of progress on long pledged commitments to open its economy. As most of the worlds Major Economies struggle to deal with, the coronavirus pandemic repeated his message. Thursday, our doors are wide open. At a video meeting with asia pacific c. E. O. s, the chinese president pledged to Carry Forward with efforts to open the chinese economy and warned that the risi