Paul good morning and welcome to daybreak australia. i am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. More humanitarian aid trickles into gaza as the death toll rises. Israel back to diplomatic efforts to get thomas to release hostages. Paul apple supplier hon hai says it is working with china following reports that authorities are conducting text audits and reviewing land use by its parent foxconn. Shery the yen is keeping traders on guard for possible intervention. Paul we are live in buenos aires as votecounting is underway in pivotal election, the countrys choosing any president as economic challengesmonth period take a look at how futures are coming online, we are seeing an upside after stocks fell in the new york session, extending the global selloff. We had the s p 500 seeing its worst week in
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
Paul hello and welcome to daybreak asia. We are coming down to asias market opens. Shery asian stocks are poised for a week open with Interest Rate risk overshadowing the deal to avert the u. S. Shutdown. Mixed messages on factory activity. Data picking up for the first time. Plus fords ceo blasts thuw demands for future battery plants with expanded strikes into their third week. Paul lets look at markets around the region. Trade in australia, we moved to weekend the assets is trading. We may see soft volume t because it is a bit of a strange day. Outh wales here, much of the country is trading, the ai sex is trading but we have action at the moment. The bon side is quiet. We do course have a reserve bank meeting rro with Michelle Bullock having hr first meeting in charge as governor. We seem Consumer Prices taking up inustralia, adding some weight to the idea that the rba ma have one more move left in the. The inflatiead later on. Aussie dol is 64. 31. Elsewhere have nikfutures lookin
Colleague was charged with murder of chris. Suella braverman ordered a review into the situation which met Police Commissioner sir mark rowley has this evening welcomed 24 year old kaba was unarmed and died when he was shot in his car in south london last year. Former transport secretary grant shapps says it would be irresponsible to keep ploughing money into hs2 plans. The government has failed to deny reports claiming the manchester leg is set to be scrapped. The east midlands parkway line is also under threat. The sunday telegraph claims the potential cost of the high speed rail scheme has increased by £8 billion. The cuts could be made before the Tory Party Conference in manchester next month. Downing manchester next month. Downing street has sought to play down reports the Prime Minister is drawing up plans to slash in inheritance tax. The sunday times claims rishi sunak is considered eyeing reducing the current rate in the budget in march, despite a warning by chancellor jeremy
The chair recognizes five minutes for an opening statement. Thank you for the witnesses for being here today. Americans rely on Internet Connectivity for work, education, healthcare. Despite years of effort and billions of dollars, Many Americans are still without a reliable broadband connection. Closing this divide is a bipartisan priority and significant federal resources have been dedicated to this effort. Unfortunately, a problem that requires an efficient response is overwhelming and scattered federal funding response as Ronald Reagan said, the government is not the solution to the problem but is the problem. In may of 2022, the Government Accountability office found there were over 130 broadband programs across 15 federal Government Agencies. These programs, the broadband equity access created an Infrastructure Investment and jobs and missed 42. 45 billion. One of the Top Priorities is making sure these programs administered effectively so that money dedicated to closing the Digi