And is expected to meet National Security adviserjake sullivan. Blinken told the Un Security Council on tuesday that he would work with the Chinese Foreign minister to prevent the middle east conflict from spreading. But talks with china are also expected to focus on trying to resolve disagreements on other issues, including trade. Earlier this week, beijing restricted the exports of graphite, of which it produces 90 of the worlds supply. Graphite is a Critical Metal used in many products including electric cars. The us responded by advising its top tech firms which included nvidia to stop exporting some of their latest ai products to china. Soaring demand for its chips has driven nvidias share price up by more than 200 over the past year, with china being its leading buyer. Joining me now is rory green, chief china economist, and head of asia research, at ts lombard. Thanks for being with us today. What you expect to come out of these talks . ,. ,. , you expect to come out of these ta
Allout search. Massive manhunt under way in maine a gunman accused of killing 18 people in a tightknit community. This city didnt deserve this terrible assault on its citizens, on its peace of mind, on its sense of security. No city does. Everything we know about the lives lost as well as the suspect in americas latest mass shooting. Secret raid. Israel rolls in and out of gaza under the cover of darkness. Hurricane otis wrath, dozens of deaths and widespread damage after a category 5 hurricane pummelled Mexicos Pacific coast. And ford focus. How it might pave the way for deals with the other two major car companies. No shortage of stories today. Really busy news day today. Well start this hour with the horrible mass shooting in maine. At least 18 people were killed and 13 others injured when a gunman opened fire last night in lewiston, maine, it happened in two separate shootings at a Bowling Alley and a restaurant about four miles apart. Take a look at this video, people running out
Stronger u. S. Dollar. You can see that here at the bloomberg u. S. Dollar index up over 12. 75 and dime excreted gaining . 65 per barrel, currently at 84. 40. All three of these things here are bad for this thing here and that is why you see stocks dropping. Abigail doolittle is here with a look at the earnings so far and we have had and still have a ton of earnings to come. Abigail, 40 of the s p 500 reporting this week. 15. 8 trillion of market cap recorded. You did a great breakdown of the macro pressures for the s p 500, nasdaq 100. Here are the micro pressures and we have a tale of two stories in the cloud. Microsoft of 2. 7 up to. 7 on strong cloud corner, revenue over of 13 , betterthanexpected. Back in the team growth area. Their cloud is much better, up 29 and above the three preceding quarters, even though it did not top yearoveryear growth estimate. Take a look at google or alphabet, down 8. 9 , between its worst day from last year and march of 2020. That is the degree of s
Jonathan ferro and lisa abramovitz. Tom i saw him on a cruise, what a great turnout on the cruise. Catherine greifeld joins us this morning. She is here and she will explain white piquant is popping by bitcoin is popping she will explain why bitcoin is popping. Yields are up. Things are little better but i walk in and i look at the bloomberg terminal, 8. 04 on the bankrate 30 year mortgage and we are subtly solidly in a percent 8 . Lisa we have seen this incredible fluctuation, 20 basis points in a couple days in the long end of the yield curve and people say volatility cannot continue or can it. They are forgetting the levels. It causes a different reality for people financing the nuts and bolts of their businesses and their lives. Tom Economic Analysis with bramo. The media wants to go, they going to die. Microsoft was like a charm. If this is exactly what we were to see, microsoft is on target. Lisa the fact that you had two but he lives comprising 10 of the entire s p index coming
It was December Of 2022 when the Justice Department first announced the historic indictment of a wellknown billionaire and politica sam mangmanfried now under arrest and facing multiple charges. Reporter today Sam Bankmanfried founder and ceo of Crypto Exchange ftx is facing criminal indictments and a wave of civil complaints. The Sam Bankmanfried indictment complicated financial instruments, International Currency s,exchanges, and a who lot more. Ng it was a first of its kind case for the Justice Department and for the judicial system that would hear that case, and it took ten months for that case with all its myriad complexities to go to trial. Sam bankmanfried was indicted infr the month of december. By the following october he was sitting in a courtroom. As it turns out that is a fair lestandard amount of time for major cases. In October Of 2017 former Trump Campaign manager Paul Manafort was arrested and charged by Robert Mueller in washington, d. C. For Money Laundering and faili