Things, still seeing the biggest gain or against the msc i asiapacific index as a group. That is currently the position we find ourselves in. David lets bring in our next chest next guest. Changing a lot of the ratings there. India and korea as well. He is here out of Credit Suisse. I wanted to ask about oil. Data out of china as well. Some people were expecting a cut. Where are we in terms of investing in china . The coming nest seems not to be able to find a floor. I think people need to state john take a step back. One thing we stress is the ability for the authorities to provide some offsetting stimulus. That has been true through credit creation and fiscal stimulus. We are to see some monetary easing. Loadsgh i think there are to pull the trigger right now, clearly, pressure is building, particularly on the external account, the current account. I think those oil prices will be offset somewhat by reducing the margin onto endusers on the retail side. I dont think you can escape the
Business it could be a 1 billion transaction. And theres one tech giant thats outspending the pack amid heightened regulatory scrutiny cnbc crunched the numbers. Well bring you those details ahead on lobbying spending. And changes at the top as the uk looks to choose its kn new Prime Minister, what does it mean for investors we go live to london its tuesday, july 23rd. Worldwide exchange begins right now. Good morning im dominic chu. This is a live shot of our nations capitol where just hours ago the white house and congressional leaders averted a potential Government Shutdown and default on our debt reaching a twoyear deal to lift the debt ceiling and raise federal spending levels. President trump tweeting the news late last night calling it a real compromise, much more on that big deal coming up. Heres how your money and the Global Markets are setting the day up ahead the dow will open higher as investors away results from a slew of companies. The s p by 8 points, the dow jones, 82.
Light flow there. Same thing at the bay bridge. You have folks waiting in the cash lanes but they probably just opened that last cash lane in the last couple of minutes. No other delays. Back to you, scott. On capitol hill the four american women of color in congress who President Trump told to go back where they came from are calling for his itch peoplement. Today in the bays tracie potts live in washington with reaction and whats next. Good morning, tracie. Scott, good morning. Whats next is tonight the democrats in congress are voting on whether or not to condemn President Trump for what he said, but hes fighting back this morning on twitter, accusing these women of spewing some of the most vile, hateful and Disgusting Things ever said, questioning why democrats wont rebuke them. The house of representatives will consider a resolution to condemn President Trump for telling these four freshmen democrats to go back where they came from, but they want more. Hes committed high crimes an
Tariffs yet. China and the u. S. Reach a truce and stocks are set to surge at the open we do have those new records within striking distance plus, President Trump easing restrictions on u. S. Companies from selling products to, of course, the Chinese Telecom giant Huawei Semiconductor stocks are rallying sharply ahead of the bell on that news. And oil prices, well, theyre up, this after russia and saudi arabia agree to extend opecs deal to cut Oil Production by another 6 to 9 months. Stocks rising around the globe the s p 500 poised to open at a record high after the u. S. And china agree to resume trade talks. President donald trump offered concessions to his chinese counterpart xi jinping over the weekend, when they met at the sidelines of the g20 summit in japan. They include no new tariffs, and an easing of restrictions on the Huge Technology Telecom Company huawei china did agree to make what are unspecified new purchases of u. S. Farm products and return to the negotiating table.
The dow is the laggard. It is up 2. 75 . The treasury yields have been something of interest with the hotter than expected cpi and ppi numbers. Tenyear is 3. 4 . The twoyear is 4. 71 . Bitcoin is something we are watching closely. It is up 60 year to date. 67,872. It has been volatility. Did you have any corned beef . I did not. I had irish soda bread. Green beer . Nope. Did not have any. Green bagel . Nope. We wore green. Parades . I like it better during the week. I do, too. I think im more likely because the kids are in school and get more excited about it. We did set a leprechaun trap. If it would have been a tuesday . Yeah. Tuesday. Apple in talks with google to build and license the gemini a. I. Into the phone. They are in active negotiations to result in gemini powering features to be released by the iphone later this year. Apple has haeld discussions wit openai. We will let you know if we hear anything. The wall street journal is investigating if meta facilitated and profited f