We saw weaker thereasury yields last week. The 10year treasury at 4. 7 . The 2year treasury at 5. 07. Meantime, israel and hamas denying reports of a ceasefire to allow Foreign National palestinians to cross the border to egypt from gaza. Today, the temporary border was an supposed to allow temporary aid to enter. It is unclear if the border will open. Last night, President Biden spoke on 60 minutes and warned of the mistake they would make of occupying gaza. We are going to do everything within our power to find those who are still alive and set them free. Everything in our power. Im not going to go into details of that. Were working like hell on it. Senator Chuck Schumer visiting israel over the weekend. He posted on x that the delegation was rushed to the shell toter to await out rocket fired. He plans to lead a Bipartisan Senate package for israel. Lets get back to the congress. The Senate Returns from the weeklong recess today, but without a House Speaker. No legislation can pass
Bond traders price of fed rate cut one month earlier in november ahead of todays key u. S. Jobs report. Apple jumps after hours as it forecasts a return to sales growth. The iphone maker announcing a 110 billion Share Buyback, the biggest in u. S. History. In europe, the focus switches to banks with french lenders in the spotlight. Socgen reporting a profit beat as equity traders help lift results. A beat across the french lender. First quarter net income coming in at 1. 9 billion euros. Profits comfortably above the estimates of 1. 5 billion euros. Full year underlying net income at 6 billion euros. Rev knows for the First Quarter, 6. 8 one billion euros. Above the estimates for Credit Agricole in terms of some of the other details around this earnings picture. The Investment Banking side of the business also coming in with a beat. Upbeat in revenues, profits, in terms of the Investment Banking side of the business for Credit Agricole. The stock is up 13 year to date. The deputy ceo o
Hours. Joined here by Deputy Editor of environment and energy news for an overview of the coal industry in the u. S. Lets talk about the rock itself. What are the main types of coal that are mined in the United States . Well, you can say they go from really black to brownish. Youve got coal that was mined in eastern pennsylvania. Its still mined, but not as much. We dont use it as much. Then weve got what is mined the post, which is coal, and then youve got a type of coal on thats more brown, it has less energy, less ability to produce energy, but its still used, especially north dakota uses it a lot. Theres a plant in mississippi now that wants to use it, so it ranges. And they are different based on what part of the country youre mining. When you talk about the ranges of coal, talk about the ranges of mines. What kind of mines are there in the United States . Yeah, a lot of people assume all coal mines are for power plants. But there are a lot of mines and a big market, a big part of
Perception of what the markets took her comments, this is an opportunity for her to refine that. Headlines thatg it looks like a balanced speech from what we can see. The one thing she is saying is that she is reiterating that she expects we will be likely to raise rates later this year. That is a a question she said that at the press conference last time. Its sort of got lost in some of the other stuff. It also says that low inflation she is using that word due to transitory factors. They correctly called that one, so. She says the risk is that sheon expectations keeps highlighting these transitory factors but that also puts the said in a complicated spot. Hike during a time when inflation is backsliding. Their preferred metric back to march, 2011 they are not making progress on the inflation front. They are looking at an Economic Situation where growth is decent and they say that says things should be turning but it is hard to initiate left off liftoff. Building off of that idea, jan