As a result, there is another divergence. We may have risk stocks higher but we also have haven bonds and the yen higher. The japanese yen now up a fourth day in a row. It tells you not everybody is believing not just the rally today but the rally we have had in recent weeks. David in fairness, you cannot blame investors if they do not know exactly which way this is going. Thing started up a bit and then came down. Some of the stocks that have been beaten down came back. That is a big piece of the rally. One reason some strategists and traders do not like it in terms of the companies that had been january,y the virus in february, and march such as the Leisure Companies and the airlines, there has been a bounceback over last few weeks. Some say the rally off of the lows in march, there are holes. If you look at the s p 500, there is a huge move down from the peak to the trough. Now we are halfway back up. It is hard to know which side and what the greater risk is to the upside. Do not f
Deeper contraction. All of this being wrapped up along with concerns about how the Biden Administration may be quadrupling tariffs on chinese goods. Along with that, dont forget, we have u. S. Data showing Consumer Sentiment declining, rising Inflation Expectations placed on one survey. We will keep an eye on the u. S. Cpi numbers. Asia stocks are treading water. Although we are seeing a bump up on the hang seng. Keeping in ai on the offshore you on as it moves toward the 724. In keeping in ai on the japanese currency, along with jgbs. We got the boj in todays purchase, reducing the number of bonds for five to 10 year. This, as some say, a test balloon for scaling back its bond purchases. Take a look at the data out of china. This is a broad measure of credit. It has declined for the First Time Since 2017. This is when the data first started being the concern here is the pbocs ample liquidity that the household firms are not biting, adding to the list of concerns related to china. Paul
Australia, im heidi in sydney. Im Annabelle Droulers in hong kong. At the top stories is our, a low open with the fed walking a tight rope ahead of cpi. Investors awaiting Economic Data from china and japan. Heidi inflation returning to target by year end. An interview with jim chanos in a minute. Annabelle President Biden quadrupling tariffs as a preelection defense of u. S. Workers. Haidi take a look at how we are setting up. Futures on the back foot. A sx 200, third week of gains following the games of the past few sessions with the data supporting the goldilocks scenario. Sluggish set up after a disappointing china data, heavy weight when it comes to the factors we look out for. Chicago nikkei futures are flat. China futures not moving much, but we got signs of slowing economy and credit data signals continuing weak demand. Industrial price extending the klein. Front and center is the credit shrinking for the First Time Since april as we see demand week in china. Annabelle a big qu
Wall street enthusiasm for stocks fade out and go to advance that really the s p 500 to his longest run since march. Let us get a check on the markets because you had s p wavering and flipping into territory now from the read of point 1 lower than the nasdaq 100 even more than that,. 1 as well, the Dow Jones Industrial average is still in the green and the fix is still cool at a 13 handle and lettuce of the board look at the asset, with the picture looks like and the two year weird about the 10year yield under the four 50 level, some key auctions on the longer end of the curve and your crude is breaking into 80 but still around 79 and still up by point 8 higher. Reddit shares are higher in the First Quarter and well above the average analyst estimates and reddit pointed to improvements in ad targeting technology. This is too far below the midpoint previously issued because of a new u. S. Ban on chip exports to china tech giant huawei and revenue will remain within the previously guarde
Important challenge we have got in our lifetimes. It is always going to be the most important challenge. If we do not get this right, we have got nothing. It is education and it is climate. I have [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2024] we will break away at this pointer for live coverage of the u. S. House. Lawmakers are considering a handful of bills today, including one that doubles u. S. Customs area of operation in coastal waters. Live coverage of the u. S. House is here on cspan. The clerk h. R. 53433, a bill to amend the Small Business investment act of 1958, to exclude from the limit on leverage certain amounts invested in Smaller Enterprises located in rural or lowincome areas and Small Businesses and Critical Technology areas and for other purposes. The speaker pro tempore pursuan t to the rule, the gentleman from texas, mr