Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
Spreads knowledge and the possibility of greater understanding between peoples, it also empowers terrorists who spread hatred and death, most recently in orlando and istanbul. The world is more prosperous than ever before. But alongside globalization and technological wonders, we also see a rising inequality, and wage stagnation across the advanced economies, leaving too many workers in communities fearful of diminishing prospects, not just for themselves, but more importantly for their children. And in the face of such rising uncertainty, it is not enough to look at aggregate growth rates or stock prices or the pace of digital innovation. If the benefits of globalization accrue only to those at the very top, if our democracies seem incapable of assuring broadbased growth and opportunity for everyone, then people will push back, out of anger, or out of fear. And politicians, some sincere and some entirely cynical, will tap that anger and fear. Harkening back to bygone days of order and
Jazeera america im morgan radford. A did h derm zela delegatione European Union will arrive in washington to question inat the intelligence officals. This include access to tens of thousands of french phone records and monitoring german chancellors cell phone. Now merkel is demanning man de o spying. The u. S. Officals are not commenting publicly on spying on americas close over the allies. The president la has been one phone with the leader of france and girl any. Germany. What they are not dining at doit not in public. U. S. Officals are saying that the United States gathers foreign intelligence gathered by all nations here is jen saki the state department spoke spokeswon friday. Well factor in our friends as we have our discussions with them an balance our security need with privacy concerns. We fully expect and i know this is another question that has come up, of course. More allegations will surface given the quality of classified information leaked by mr. Snowed mr. Snowden. They