S p up over half a percent the nasdaq tipping between negative and positive in the last few hours, and right now its fractional lehigher, and the dow fractionally higher. Its a larger conversation this is about mega caps as well, because tesla is down 9 over the course of the last five days and apple down over the last five days. The way the strategy owns apple and tesla, i like it were equal weighted we dont have the significant exposure i think thats an important question for investors right now, what is your actual exposure in your portfolio to the mega caps, because as it rallied it has statistically grown further. I believe in being equally cap weighted and now specific to the fund mentals and the technicals of apple, where are we right now with apple we are pulling back within the critical moving averages were all the way back to where we were on Worldwide Developers Conference Day that monday in early june. We have erased all the gains back to there. Structurally from a technica
Remains on precarious footing. The glass is half full. The Global Economy has been resilient, but at is tame time you look at the big picture how weak the growth is, we should be concerned. Chinese exports sink in may, missing the forecast by a wide mar jij. Its over concerns of a weak economy at home. Surge at the top of the stoxx 600 after the First Quarter profits jump despite rising cost pressures. Good morning, everybody, and a warm welcome to street signs. Well kick off the show with fresh forecasts. The oecd has slightly raised it growth the organization said it sees inflation falling to only 4. 7 next year well above central bank targets, driving its forecast that the feds will cut rates modestly. Its not just oecd. The world bank now protecting World Economic growth to decelerate down from 3. 1 in 2022 the group says higher Interest Rates have put the World Economy in a precarious condition. Tighter Credit Conditions are starting to hit emerging markets with one economy in fou
max in the spotlight it s the second major safety scandal to put the 737 max in the spotlight the first involved the deaths of 346 people in two crashes in indonesia in 2018 and ethiopia in 2019. addressing employees at its factory in washington state where the planes are assembled chief executive dave calhoun said boeing would approach the issue with complete transparency. when i got that picture, and i hope all of you, in some way, i hope most of you have seen it, and those of you who haven t do look at it, all i could think about was i did not know what happened to whoever was supposed to be in the seat next to that hole in the airplane. i ve got kids, grandkids, and so do you. this stuff matters. earlier i spoke to professor graham braithwaite, director of transport systems at cranfield university and asked him whether customers and investors were reassured by the boeing boss s words. i think we ve seen a big difference in the way that boeing has reacted to this
the german shipping line hapag lloyd has said in the last couple of hours that it will continue to avoid the area for at least another week. it made the decision after another ship belonging to its rival maersk was attacked over the weekend. in that attack, houthi rebels based in yemen hit the ship with a missile and tried to climb aboard before the us navy intervened and sank the rebels four boats killing the crew in the process. the us military says there have been at least 23 attacks since mid november on a route that acconts for about 12% of global trade and which is now being avoided by several of the world s biggest shipping companies. let s unpack the latest on this with peter sand, chief analyst at the shipping analytics platform xeneta. thanks forjoining us. does this latest development suggests tha things are getting worse rather than better? you are hitting the nail on the head. we can see that from the direct developments on the platform where an essential
president. and if i had to bet, i would bet it s near. do you believe there s enough evidence? well, they would indict if there s not evidence, but from what i ve seen there s substantial evidence there. that s former attorney general bill barr with a bleak prediction for his former boss. it comes as there are major developments connected to donald trump s handling of classified materials. we ll bring you the very latest. also ahead a key witness in multiple investigations into the former president finally gives testimony to a grand jury. plus chris christie makes it official. we ll show you his pitch for the 2024 republican presidential nomination. good morning, and welcome to way too early on this wednesday, june 7th. i m jonathan lemire. thanks for starting your day with us. we re learning more revealing new details this morning about two separate grand juries looking into former president donald trump s handling of classified documents after he left the white ho