Haidi welcome to daybreak australia. Im haidi stroudwatts in sydney. Paul we are counting down to Major Trading opens this hour with u. S. Stocks at alltime highs in the runup to fridays drop support with jay powell saying the fed is not far from the confidence needed to cut rates. Dovish signals too from the ecb with Christine Lagarde suggesting lowering borrowing costs us soon as june. Paul President Biden to deliver his state if the Union Election pitch making the case for his second term and a likely rematch with donald trump yet haidi a right decision crossing the bloomberg now with perot central bank leaving the reference rate on hold at 6. 25 . The forecast from Bloomberg Economics was a cut. Nearly all analysts in the survey saw the key rate falling to 6 . We saw inflation speeding to 3. 29 in february still above target. That expectation still that they would cut to the lowest level, more than 1. 5 years, that has not been carried through from the peru central bank. They left
Market cap year alone ed and while ways chip huaweis ship that used technology from two u. S. Manufacturers. Caroline a macro environment paints the picture of a Good Environment that is not so hot that the fed cannot pull back on rates. 6 10 percent higher on the nasdaq, a new record high for the nasdaq and s p 500. Yes, tech leads the charge and ai is the area of focus, but we cvs see the s p push higher. What else do we see it clips . The record we saw on bitcoin. We get a new number. 70,000 is where we managed to push up to, we are back down briefly, but this seems to have legs. Ed, what do you have going . Ed lets start with rivian a day two, feelgood vibe after it unveiled its are two. For me pausing plans for a new factory in georgia. Broadcom earnings, sales missed in the order, but their outlook for this fiscal year is saying that ai is going to contribute to growth early 5 . Theyd previously said 25 . These are the u. S. Chip makers that are implicated in this scoop from bloo
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
Has brushed off questions about whether the Prime Minister is concerned following the now second defection in under a fortnight. Dan poulter made the same switch over the governments handling of the nhs. But number 10 has reaffirmed the Prime Ministers focused on what theyve called the priorities of the british people. Officials say that theres no sign of malicious cyber activity and the problems that caused long queues at uk airports last night. The technical issue meant border force e gates didnt work at several sites, including heathrow, gatwick, manchester and edinburgh. Minister for legal migration Tom Pursglove has been discussing the technical issue in the house of commons, and he apologised for the disruption. The russian the disruption. The Russian Embassy here in the uk says new measures against its officials are groundless and the reasons given for them are ridiculous. Moscows Defence Attache is being expelled over claims that he is a spy. Several russian diplomatic premises
Damages by four british women who claim he raped and assaulted them. Three of the women reported. The social Media Influencer to police over allegations in 2015. But the Crown Prosecution Service investigated and then decided not to prosecute four years later. It comes as 37 year old and his brother are currently in romania , waiting to stand trial romania, waiting to stand trial on rape and trafficking charges , on rape and trafficking charges, their representative says both their representative says both the brothers unequivocally deny all allegations. And finally, some royal news prince harry has been celebrating the 10th anniversary of the Invictus Games with friends, family and veterans at saint pauls cathedral. This afternoon, the cathedral. This afternoon, the duke of sussex gave a reading in front of representatives from various participating nations and sick and injured Service Personnel and veterans. Two, meanwhile , though less than two meanwhile, though less than two miles