Yesterday to reauthorize federal aviation programs and would enact safety protections for passengers the Senate Passed a shortterm extension to prevent the current bill from lapsing later today and the house will take up the full legislation the house is expected to vote on it next week. We are learning more about the probe by the s. E. C. Into boeing reviewing statements over the Safety Practices after a panel blew off the alaska air flight back in january. We talked a lot about it investigators focused on the comments made by the Company Executives may have misled investors in violation of s. E. C. Rules. We will hear headlines about this for some time. In fed speak, San Francisco fed president mary daly said Interest Rates are currently restraining the economy, but it may take more time to return inflation to the Central Banks goals. It sounds like higher for longer pitch. It echos remarks from the fed chair jay powell last month where daly said the uptick in price data shows you ca
In some places. Find out all the details in the forecast coming up soon. And of course paul coyte is here with your sport. Thanks and morning. Mostly decent results in europe for british sides and in the opening game of the cricket world cup, england were whats the word im looking for were trounced thrashed spank mullard any more that we can do hammered annihilated. Okay not a great annihilated. Okay not a great start, but its early days. Its early. Early. It is early days. Its early time as well. 6 01. Im anne diamond. Diamond. And im Martin Daubney. And this is breakfast on. Gb news. This is breakfast on. Gb news. Good morning. So labour have won the rutherglen and Hamilton West by election as a 20 swing. So Michael Shanks, take the seat from the Scottish National party i now, the scottish seat was youll probably remember it was vacated when Margaret Ferrier was suspended from the house of commons for breaching covid rules, and that to led a recall petition and commenting after the a
Yutilities are green. Unlike yesterday when tech manages to rise, the nasdaq getting slams. Microsoft, amazon and nvidia are pulling back. The plus the congressional drama in d. C. , disfysfunction on top Everything Else. How high will rates rise . Can stocks handle the heat . It seems to be the only question that matters at the moment with earnings season more than a week away. Lets ask our panel, mike santoli. Its good to have everybody here. Mike, i have two things of green on my screen. The vix at 20 and thats not exactly a great sign. No, its not. Very faint bid. Also staples outperforming. You see the defenses responding to the Market Conditions we are in. You have essentially the bond market searching for the pain threshold. Usually over time make its piece with a different level of yields. Were struggling with that. It felt as if last week was stopping just short of capitulation type move and everyone giving up because we had the seasonal strength, the fairy whispering in our e
The expenses are by 18 in the quarter. We are very much investing in r rand d. Nestle posts a sales miss in the First Quarter with prices weighing on the consumer. And meta shares sink in the trade despite the beat on earnings as Mark Zuckerberg rekindles fears of a. I. Spending. We have shown we can build leading models and be a leading a. I. Company in the world. Welcome to street signs. We start todays show with the acquisition news bhp confirmed it made an offer to buy london listed Anglo American with the Share Capital of 31 billion pounds Anglo America is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal we had this discussion a few years ago. We were all puzzled. We were staring out into the abyss looking for the acquisition. Something changed last year. The san pcompany is preparing fe future copper is no longer discussed as dr. Copper it is now dr. Green in the Energy Transition and future tre trends co
Matter of days with no hopeful sign of avoiding it. You get health care reform. You have a housing crisis. You get housing reform. It takes a lot of heat to get things to boil, especially in washington. And you know, these shutdowns arent new. Theyre annoying, but theyre not catastrophic. Weve had 14 of them. I mean, and my question to anybody out there would be, well, can you remember the last one . No. I mean, i remember reporting on them. Right. You remember like donald trump and bill clinton. Yes. Those were the ones that went on for weeks and weeks and weeks. But its one of those things that says, okay, in a year from now, what are we what does this mean and what does it doesnt mean what it means is that weve just got this dysfunctioning group in washington that either cant get along with each other or cant even get along with themselves now themselves in the Republican Party at this point, right. Thats for sure. But what you said about we only get things done now when theres a cr