Honored to have all of you here. [applause] as we host our first Congressional Black Caucus annual legislative conference and brain trust on Foreign Policy. This years discussion will focus on the continent of africa, the challenges it faces and its future as a rapidly growing continent. Our theme is our africa, our future. Which coincides with and takes its inspiration from the 60th anniversary of the african union. Celebrated this year. We are having this conversation at a time of tremendous challenges but also tremendous opportunities for the people of africa. Africa is dealing with the growing threat of the climate crisis. With severe drought, famine reimaging the horn of africa the increasing instability. But africa is also undergoing a tremendous Economic Growth. The center for international internationaldevelopment projecn african countries will be among the 15 Fastest Growing economies over the next five years. Improving Education Systems increase trade are already improving th
Good afternoon everyone. I am congresswoman i am truly honored to have all of you here. [applause] as we host our first Congressional Black Caucus annual legislative conference and brain trust on Foreign Policy. This years discussion will focus on the continent of africa, the challenges it faces and its future as a rapidly growing continent. Our theme is our africa, our future. Which coincides with and takes its inspiration from the 60th anniversary of the african union. Celebrated this year. We are having this conversation at a time of tremendous challenges but also tremendous opportunities for the people of africa. Africa is dealing with the growing threat of the climate crisis. With severe drought, famine reimaging the horn of africa the increasing instability. But africa is also undergoing a tremendous Economic Growth. The center for international internationaldevelopment projecn african countries will be among the 15 Fastest Growing economies over the next five years. Improving Ed
Traders are recalibrating their expectations and the two year yield is a touch under the 5 level once again. You are seeing massive volatility in the bond market in a week with a lot of auctions. The 10 year yield is it is a sex base at basis point is a six basis point move higher. Gold is on the rise and has been a favorite asset for traders all year long, one half of 1 higher. Some midday movers on the equity side we will start with caterpillar reporting Quarterly Sales lower than a year earlier and the trend is expected in the second quarter. They said sales would be largely in line for 2023 but that now seems to be shifting. The Company Beat Expectations in almost every quarter since 2020 and we will talk more because in addition to that 7 drop in caterpillar, meta is dropping dramatically more than 12 . The Company Announced it will spend billions more than analysts expected on its ai efforts. Mark zuckerberg is asking investors for patients. They are not patient today and he says
To that 155 mark. The lookout for any Government Action to support local currency. Given the b oj is expected to stay on hold later this week versus a still hawkish fed, likely to stay week for now. Thats the state of play for japan coming online. Yesterday we did see that kospi rebound. Today a little firmer as well. A full week slump. The focus turning to earnings, sk hyneks is one of the key to watch. Ppi raising 1. 6 on the year. Broadly the take away from that is domestic inflationary pressures are calling on south korea. The Economics Team is saying unless we see a further rise in oil prices, weakening domestic price would keep cpi inflation numbers. Paul we just open for trade here in australia as well, we have a bit of a staggered open of course. That notwithstanding, we are better about one third of 1 right now. The aussie dollar showing a little more strength. Now 64. 5 cents u. S. Crude is interesting to watch as well. We started off the day with brent exactly at 87. This is
Of a special military operation with air Defense Systems and Electronic Warfare intercepted three more kharma missiles during the day and shot down seven drones in the ssu. The authorities and volunteers of the donetsk peoples republic organized a meeting of prisoners of the Ukrainian Armed forces with their relatives. They saw the conditions of detention of former ukrainian soldiers. Many fighters refuse the exchange and want to stay in russia. And what they say about serving in the ranks of the armed forces of ukraine, vitaly listened to everything. Before his service, vladislav telius was an ordinary worker in a supermarket, he didnt have enough money, so he decided to profit from the war, he considered russia an aggressor, but everything the charms of ukrainian propaganda quickly dissipated, i saw with my own eyes the state of the army, its socalled characters, and how they hit peaceful neighborhoods, and subsequently deserted. I didnt want to fight, and left for the territory of t