Im Tom Mackenzie in london. These are stories that set the agenda. The bank of japan hikes Interest Rates for the First Time Since 2007 and scraps yield curve control. The yen falls through 150 versus the dollar. Traders cut fed bets as fomc members gather. U. S. Two year fiveyear yields climb to the highest levels this year. Plus, nvidia unveils the successor to its old ai processor. But markets deliver a muted response to the highly anticipated speech. This is hopper. Hopper changed the world. This is blackwell. Tom a new era for the japanese economy. The first hike since 2007, ending of yield curve control, and an ending of etf thats in buying. We have Stephen Engle on the ground in tokyo for all the details and we will cross over momentarily. Lets check in on the markets as we set you up throughout the trading day. The fed starts its own policy meeting with that decision on wednesday and a focus on the dot plots, the focus from the fed officials. European futures up. When it comes
Cooler numbers marks the fed has reached the end of the hiking cycle. And siemens has a net quarter loss the ceo tells cnbc it will take years to work through the challenges keep in mind the charges are provisions for the future. We expect this over the next year to evolve and it will take us twotothree years to work through this of and berkshire jumps to 150 billion with Warren Buffett posting a 7 rise with chevron paying off for the oracle of omaha. Very warm welcome to street signs and special because it is the first time in over a month were back together. We calculated it. Five weeks we havent done the show together. I missed you. I missed the show. It feels good with that, i guess we should talk about aramco. A hard pivot. Lets get to it. The earnings do continue to roll in this time from aramco with 40 plunge in Second Quarter net profits with low oil prices with refining and chemical margins. Dan has been pouring through the numbers. Dan joins us now dan, it looks as aramco wea
we ll be live in westminster. and nasa postpones its mission to the moon after engine issues emerge on its huge rocket during countdown. pakistani authorities say a third of the country is underwater. and that a majority of the country is affected. this map shows the regions that are worst hit. international aid has begun to arrive. pakistan s foreign minister gave the bbc this update. international the bbc this update. organisations are working international organisations are working on the ground in our own ngos are working on the ground, but i think everyone s resources are stretched to the limit. everyone s capacity is stressed to the limit and we look at the human resources of those involved in rescue and relief, those teams involved in waterfrom relief, those teams involved in water from various areas, they re exhausted, they their own homes there are also devastated. there is a calamity that everyone is facing a experiencing of same time. we re getting more detail all
Good morning, im lizzy burden in london. Strong u. S. Factory data pushes markets to really think cuts. Iran vows a response after a strike at the embassy killed two generals. This over the invasion of raw for rafah. Heightened oil risk and supply. You had time to digest the central bank bonanza. Lots of ecodata amongst fed speak. 19 including fed chair powell. Weve had data reinforcing this narrative that inflation is falling more slowly than expected, hence why the fed will not be in a rash to cut rates. You saw stocks joining a loss continuing later, pointing to a lower opening but in europe tilted to upside. If we flip to crass cross assets he got the twoyear treasury yields, 4. 69 as traders pushback pricing to september. For a moment you solve the august dipping below 50 and all eyes turned toward the jobs report. The dollar is steady, brent trading below 80 a barrel. Tighter supply from mexico and we will dig in later. Gold hovering near record highs and trading at 2000 257 per
And the department of justice getsset for the fullcourt press on livenation and ticketmaster. And later, Wage Inflation meets sticker shock in florida its thursday, may 23rd, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Thank you so much for being here with us. Lets get you ready for the trading day ahead. We kickoff the hour with the check of the stock futures stude futures are higher the dow has been moving between positive and flat. You can see it is down fractionally right now you see the nasdaq up big following the nvidia report. The s p firmly in green territory. This is following the release of the feds minutes and raising concerns of the persistent inflation and signaling a longer timeline for cuts than expected. The expectation for the july meeting stands at 18 . According to the cme, it was 25 earlier this week. David solomon expects zero rate cuts this year Jpmorgan Chases Ceo Jamie Dimon shared a similar outlook