Will shortly go on to what is happening at the ecb and what is happening with mario draghi. 0. 3 . An stocks down to a lot of the impetus will be on Central Banks. A lot of the focus will be on bonds. Leading the stoxx 600 lower, looking at oil. Adding to uncertainty over whether production cuts will actually be extended. Lets focus on the future of the euro area. Five years since mario draghi establishes answer to the jackson hole symposium. You that live as it starts. Investors will be watching closely for any hints on how mario draghi might use the toolkit. He will be keen to convince traders can get back to her target of 2 . A target of 2 . Paul, what is the market expecting from them . High in somens are respect. What is priced in, the ecb will move to action. The kind of feeling in the market is that he has got to. Ive a nod thelast ecb meeting market is looking for more. Asically the front end of the market has ced ecb action, a rate cut inflation is collapsing out of control. T
And around the stores the shape, the wait, great, so happy with us. Or stop the hours breaking news from iran wasteful people have been killed and at least 5 wounded. In an on the terrorist attack in the Southern City of show us, state media has reported to terrace, were involved in the shooting with the attackers attempting to enter a local shrine and opening fire on this off. One of these statements has been arrested on the other is still and not will bring you more details as and when we get them. The to west africa now is a delegation from the need to impose government visited the get a capital where they met with 12 officials to spend the country for its support and ask for more aid to face challenges ahead to which one you would like to show gratitude from the share and all of its people for the solidarity of guinea. What i would like to say in the name of general abdulla, im on china. He is that we and the people of new share are very worried about the security of our nation to
Welcome, steve speaking of inflation, julys cpi report showing an increase, less than expected dow up 455 points before just now turning negative s p now down 7 points. Nasdaq down 21 by the way, these losses come after that weak 30year bond option talked about top of last hour sent the tenyear yield back above 10 pressure from that direction and positive earning movers. Holding up the dow now, mixed result plagued by streaming woes restructuring costs and 7. 5 surscriber loss nearly shares up 4. 5 planning to crack down on password sharing like netflix. Alibaba up 4 . Chinese tech giant beating top and bottom line. And lululemon massive hike to guidance keeping up with the growing theme this week, another big deal Luxury Company tapestry announcing requiring versace and jimmy choo for about 3. 5 billion. More on that later in the show. Start with a key read on the economy and the health of the consumer todays cpi coming in just a touch below expectations with year over year rate climb
Notched the first record close since november of 2021. It was up. 90 . It wasnt the only index to set a record. S p was up, too. The 14th record of the year. The dow broke a threeday losing streak and trading off. 75 . Nasdaq 100 set a record yesterday. If you look at treasury yields on this first trading day of march, you see the tenyear yielding 4. 227. Twoyear yield at 4. 58. And Congress Passed the shortterm funding bill sending it to President Bidens desk last night. It averts a partial Government Shutdown that would have happened this weekend. It is part of the broader bipartisan deal to push back the deadline for 6 of the 12 spending bills tofund the agencies until next friday and the remaining six until march 22nd. New York Community bancorp shares plunge after replacing the leadership. Leslie picker has the latest. Reporter andrew, good morning. The latest news is just salt in the wounds of investors who held on to new York Community bancorp shares through the year. The stock
Busy major, instead of going in the top stories on ill just say are up of the 20 is on the run. One of the last fugitives wanted in connection with the 1994. The when the genocide has appeared, in course for the chance came, she was arrested in south africa on says that hes accused of organizing the kidding of a 2002 trees who were sheltering inside a catholic church. I was just here at the front of the middle of reports from cape town. It was a very brief appear and so with the state of pose bay alarm, this is most likely because of full transportation. I had previously disappeared when south african authorities were looking for him in recent years. And the case has now been postponed by a week. The charges hes facing by south african authorities, that aside from the charges of genocide, the as well as conspiracy to commit genocide, those charges by the you in the charges. These basic unsolved africa include 4 thats linked to him. Lying about his citizenship. He had said that hes from