the trump administration. bill: investigators haven t made a decision to indict. tax violations, foreign lobbying and false statements. that is still a lot we do not know. that could all change possibly very soon. hunter biden clearly led a pretty free wheeling life. it seems evident from what we know he used the fact of his father s possible flew as a way for him to make money. there is a lot of smoke there. i think we are probably about to find out whether there is fire. if he is indicted it will be interesting to see what the alleged facts are and whether directly or indirectly they implicate the president. bill: team fox coverage from jim trusty. we begin with david hunt in washington hi. the investigation officially began four years ago. heavily sidelined and delayed. a source confirms the grand jury tasked with looking at evidence wrapped up its latest term. the case may now be in the hands of the government to make the next move. the president s son hasn t been
into those numbers. remember stephen colbert had someone arrested for trespassing on capitol hill last month? we got all the details in just minutes. press, police are labeling a 22-year-old man a hero because he used his legally own a gun to take out a mass tutor and in india and nepal. some of the left is a pressing him will not save lives. gun control bill. we ll debate that with our law enforcement panel. we begin with president biden back in washington tonight, facing tough economic realities and sinking poll numbers along with criticism of his trip to the middle east. white house correspondent. good evening. good evening, good to be with you is always. a return trip to washington, d.c., with not much in the way of deliverables. critics of the president s recent trip to the middle east even worse, when they return home, he did so to a steady drumbeat of negative news. will inflation go down from here, mr. president? hoping inflation will go down. not exactly channe
Among those saying 160 is in the sand you want to be watching out for. We look for jawboning at this type time of the day but no lines yet on that. We know japanese government officials are watching these levels closely and we heard from the finance ministers of south korea and japan saying they are seeing sharing serious concerns about the weakening of their local currencies. Weaker yen is a dynamic we know have been aiding japanese exporters in particular. Today we are seeing Japanese Equities a little higher to the open. A bit of a standout because perhaps most ever most other markets could trade in the had given what we had in the u. S. Session overnight. Today we are seeing japan move higher. We just had march exports data. The numbers from japan a little better than expected. A rise of 7. 3 percent on the year better than what economists had been expecting. Lets switch on and look at what is happening in korea so far as we come online. Korea is a little bit higher. It is interest
It got within one basis point of 4. 7 . Lets take a look at aluminum futures. A big pop in the month of april but we have seen a steady advance all of 2024 in tandem with commodities. Bloomberg reporting President Biden will propose higher tariffs on chinese steel and aluminum during a visit to pittsburgh today. Some movers on the equities size to tell you about. Chinese steel tariffs sending metal makers higher, although steel coming down at the moment. President biden expected to call for 25 tariffs on chinese steel and aluminum. There totaled 1. 7 billion in 2023. The ftc is preparing a lawsuit to block a fashion companys 8. 5 billion takeover of capri potentially killing a luxury conglomerate. Capri controls highend labels like versace and jimmy choo. In private markets, david hunt says the credit market is heading for a shakeout as investors set higher standards. Here are some of his comments from this morning. All kinds of people set themselves up and immediately are able to rais
Stress. Now, a month full of betterthanexpected Economic Data including u. S. Retail sales. The 10year, 4. 95 on the twoyear. 10year, 4. 6488. On the month so far, up by more than 30 basis points on the twoyear, 40 basis points on the 10year. Morgan stanley, for equities. Socgen, expensive valuation sitting comfortably with higher bonds yield. Lisa part is the right reason, part is the wrong reason. Retail sales came in betterthanexpected causing the increase of gdp positive for equities. The other side, it is stemming from increasing Inflation Expectations grading issues of how high the rates have to stay for how long. Jonathan we have heard the same thing from fed official after fed official. Patience and no urgency. Monetary policy is in a good place. Monetary policy is tight. Immediately after, hotter than expected retail sales. Lisa can they get ahead of this . Will he have the freedom to cut rates. It seems the market has moved on from fed speak. It seems the market is looking at