Set your agenda. Asian equities retreat for a fourth day on more concerns over chinas economy. And after strong us retail sales, add doubt that the feds inflation fight is finished. Uk headline inflation set to take a step lower today, but the pressure is on for the bank of england after the hottest wage growth on record. Plus, the Worlds Largest owner of stocks rebounds thanks to investments in big tech. Well break down the numbers from norways 1. 4 trillion Sovereign Wealth Fund. Well, good morning. Welcome to wednesday and its risk off this morning as concerns about inflation and growth weigh on markets, us futures are flat this morning after the s p 500, the nasdaq and the Dow Jones Industrial average all ended just off session lows yesterday. Equities finally showing a bit of worry this off year after year had us retail sales coming in above forecasts, along with home depot earnings for that matter, underscoring consumer resilience and bolstering, therefore, the case for the fed t
Morning, good morning. This is bloomberg surveillance. Equity futures unchanged on the s p. Alltime highs off the back of a hotter than expected cpi report. Theres a difference between what economists expected and what the market was priced for. Making absolutely no sense whatsoever. Which one was it. Basically youre having people justify the story at a time when there are more than half of the components of the dutch them coming in hotter than expected. Theres a lot of seasonal issues with the fact prices reset. They can explain it away because the fed wants to cut rates. On the flipside it doesnt make any sense for the fed to cut rates if you see a reacceleration in goods pricing. If you see that in the other components of this index. Is it a fed thats going to cut rates matter what or is it stickier inflation people have to grapple with . Bank of america saying this, Service Inflation good surprise. You can take comfort from the discomfort of the latter. We are still on the down tre
Going head to head again, after locking up their parties nominations. Were live in d. C. With how testimony from a special counsel is already underscoring the bitter divisions between the two parties. A massive explosion kills two people inside and stuns a pennsylvania neighborhood. What investigators believe may have sparked the blast problems piling up for boeing the dozens of issues uncovered on the 737 max production line and new details about the dreamliner that suddenly plunged in midair. On a collision course for trouble . And with texas holdem at the top of the charts, beyonce is ready to lay leher cards down its wednesday, march 13th early today starts right now good morning, glad youre up early with me. Im Frances Rivera we begin with breaking news. A sequel to the 2020 election is officially in the works. As more primary results are counted, nbc news projects that President Joe Biden and former President Trump have each one the magic number of delegates they need to secure t
Role since the assassination in 2021 of the countrys last president. Armed groups have been calling for mr henry to step down, leading to widespread violence. Last week he was prevented from returning home to haiti. News of his resignation came during a high level meeting of the Caribbean Community injamaica. To that end we acknowledge the resignation of Prime Minister ariel henry upon the establishment of a transitional president ial council. Harold isaac is an independent journalist based in haiti. He gave us his reaction to the news. It is unclear for pretty much everybody here at this point, although in the past few hours there were serious indications that resignation was imminent. Prime minister ariel henry had been under tremendous pressure to resign in the past couple of weeks after he returned from kenya on a trip to get police support. As of late, you could see people rushing for instance to Money Transfer houses, trying to get some cash, trying to go to do groceries or to th
Good morning. This is bloomberg daybreak europe. These are the stories that cite your agenda. A selloff in chinese equities deepens as the property sector crisis continues with Country Garden ocean shares plunging. Save the date. Goldman sachs says the fed will start lowering rates by the end of next june with cuts being gradual and quarterly. Plus the yen weakens through a key level against the dollar, triggering speculation authorities may intervene to support the currency. Good morning. Happy monday. Welcome to a new week. The last week ended with stocks scrambling for something to cling onto. The s p 500 closed a month low. The nasdaq notched its longest weekly losing streak this year and the latest mixed Economic Data did not do much to help. If you are a stock or treasury bull, bill gross has a message for you. He says the fair value of the 10 year up and is about 4. 5 . But look at where we are this morning. 4. 17 , up two basis points. A way off to go. In asia, the selloff in c