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
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
Obviously, thats a big story of the day. We have big trade alerts in tech specifically we have josh and jim all hitting the button today, but in different areas. Josh, you just bought netflix here down about 2 . Why did you buy it what are you seeing here is this trade . Is this investment tell us what you are seeing. Right now its a trade. Ive done this before with netflix. When this stock blew up in, i think, april of 2022, it was, i think, like one of the best buying opportunities for a large cap growth name of the year. And it took a while. It wasnt like a vshaped recovery i dont know that well get a vshaped year. Once again, the stock is blowing up because the quote, unquote longterm shareholders here continue to embarrass the brand. I cant believe that we saw reaction like we did about them reducing the subscriber guidance it is such a childish metric to begin with it is people that dont own a business think that thats like an important thing when in reality, the company is telli