But he did say the move would not be the beginning of a lengthy courting cycle by the fed those comments appeared to have disappointed investors action is u. S. President trump was also left disappointed he tweeted quote what the market wanted to hear from jay powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive recording cycle and quote. The u. S. Dollar strengthened against the yen and the euro on the news of the record well that could be good news for japanese and european exporters its another thing that is unlikely to cheer the u. S. President. Lets get the european take on this from a financial correspondent in frankfurt actually just how far is the euro folding 1st of all against the dollar. Point 4 percent making it one percent in the past 2 days but its more about how much did the dollar rise and then ill feel the markets were being greedy expecting more rate cuts despite the u. S. Economy doing solid and to be fair it actually hasnt ruled
India. Into whats going on in the markets. It is a negative day. Sentiment dictated in part due to what happened on wall street worried the nikkei up 1 . Hang seng 2 down. Awaitross the board as we the fed, the gdp numbers, we have a lot of moving parts. The pmi numbers, slight increase. Optimistic about what will happen in the next quarter, the current quarter. Part of that optimism down. Apple this is part of the apple supply chain in this part of the world. Lg display, nearly 8 down. Optimism being shared. Pegatron up by 7. 2 . Samsung electronics for different reasons, down 2. 8 . At one state, it was the lowest level in three months. The Earnings Call does not exude confidence, saying the current trade war was producing all sorts of imbalances and uncertainty, which has made people delay buying chips. The margins on chips are also narrowing. Lets look at pmi. It was showing a little bit of an uptick from the previous month. These Large Companies seeing what is going on. Large comp
The Federal Reserve is widely expected to trim Interest Rates today for the First Time Since 2008. The only question is by how much. Some believe in a 50 basis point cut, as fed Chairmanjerome Powell has voiced growing concerns about the us economy. Especially inflation, which has remained stubbornly below the feds 2 target, despite unemployment being at the lowest in nearly 50 years. But lately a majority of economists seem to favour a 25 point cut, with another one following in the coming months. And maybe as many as three next year. So why cut at all . Lowering borrowing rates makes it easier for businesses to get loans to invest in new projects, and for consumers to buy homes, cars and other items, which creates demand that keeps the economy humming. Michelle fleury reports from washington. Jerome powell was Donald Trumps pick to run americas central bank, yet he frequently berates him. We dont have a fad that knows what theyre doing. The Federal Reserve raise the rates to fast. He
Services bears fruit. The Technology Giants sales rise, even as its iphone revenues fall. And we will explain why the numbers are doing that on the european markets with an expert later. And well be getting the inside track on. Two ply, quilted, patterned, embossed. What am i talking about . Toilet paper. But the sustainable kind, made from bamboo. Today, we want to know. As one hotel chain scraps toiletry bottles, replacing them with sustainable alternatives, we want to know, will you miss ta keaway toiletries . Should others follow suit . Let us know. Just use the hashtag bbcbizlive. A bathroom theme to the end of the show, we will explain that later. Starting first in the united states. We start in the united states, where the countrys central bank the Federal Reserve is widely expected to trim Interest Rates today for the First Time Since 2008. The only question is, by how much . Some believe it could be a 50 basis point cut, as fed Chairmanjerome Powell voices growing concerns abo
Transaction valued at 1 billion. Romaine we are going to get intels earnings, after the bell here. Muchan see apple, not after hours, but we will get more from intel with regards to earnings. Still with us is chad morganlander. Atrlet Second Quarter eps 522. Missing the estimate of 556. Net sales, higher than anticipated, which was 62. 4 billion. Amazon web services, net sales 8 billion. Less than anticipated. Outlook, net sales for Third Quarter, 70 billion. Looking for 67. 2 billion. Third quarter net sales is important, because it encompasses the prime day sales, which according to amazon, was better than its black friday and day after christmas combined. Caroline amazon says prime day, which continues to set records in advertising, also alphabet watching. Quarter revenue, 31. 7 billion. That is a beat for alphabet. A sigh of relief after the last quarter, when we saw shares tumble. Scarlet they had to make good on this quarter. If you look at that, it is eating the highest estimate