Increasingly concerned. It is the economy. Jay powell fed chief jay powell holds where facetoface talks with President Trump. Warnings from within the fed. Rosengren eric morning policymakers against putting financial policy at risk. We will hear exclusively from him. And now, back to sophie for a look at australian markets. Higher. 6 200 is opening a2 milk leading the pack. Aining 17 after reporting better margin outlook. Checking in on the aussie dollar. Ahead of the rba. Still clearly and a focus for the currency. 1 ancks are adding on hour into cash trade. Futures Holding Steady in chicago. Lets see how we are sitting up in hong kong. Hans sang futures are under pressure after the rebound. Speculation that chinese funds are providing support for the market. Even so, there is some investor caution given they are rethinking their positions with the increasing violence in hong kong. We did have the hans sang in the hong kong index regain their 50 day moving averages. Lets jump to the
Ranking executive to leave amidst the 737 max crisis. Nike names a new ceo. John donahoe will take over next year as the Company Looks to sharpen its technological edge. Shery first, lets get you started with a quick check of the markets. We are continuing to see pressure on u. S. Futures which are down 1 10 of 1 . This after we had the major indices finishing in the red. The s p 500 lost 4 10 of 1 . We had some weakness for the tech sector offsetting the rally we saw in energy companies. Oil jumped after the report of the opec plus discussing their cuts. The dow down to tenths of 1 , while the nasdaq lost 7 10 of 1 . We have uncertainty over what happens with brexit. We had key votes happen in the u. K. Parliament. We will discuss that later in the show. We also have a mixed bag of earnings when it came to those results out of the u. S. 1 5 of s p 500 companies are reporting this week. We have some solid performance out of united technologies, Harley Davidson but also disappointment f
Amass wealth and raised to help overcome those obstacles it. This is about an hour and a half law. The committee will come to order. I know its that all shall be present. Without objections the committee has authorized to declare a recess at the committee at any time without objection, they will accept the full committee on the subcommittee are authorized to participate in todays hearing. The committee is meeting today, pursuant to notice the testimony on examining the racial engender and wealth gap. I now recognize myself four minutes to give an opening statement. Todays hearing is rendered allround a subcommittee exists and the racial and wealth gap is real and acceptable and actually much larger than people think it could be get total access the cash retirement now or youre home and then subtracting abilities such as Credit Card Debt, student loans, mortgage to reach your net worth. But according to the United States in borough, the net worth of white households was 130,000 and 800
Needs more bases the route the Indo Pacific Region because of what he called chinas significant technological advancements. Meantime, china says the Iran Nuclear Deal is irreplaceable and says the agreement is the only way to resolve issues with the countrys nuclear program. The Chinese Foreign ministry blamed the United States or the tensions with iran. Last year, the u. S. Pulled out of that deal and we imposed sanctions. Reimposed sanctions. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 in london, and 1 00 a. M. In hong kong. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stores on the bloomberg and around the world we are following. Retail therapy. Retailers post broad gains, flexing the muscle of the american consumer. Can a strength continue to drive Economic Growth . Inv
The u. S. Southern border. Good morning, everybody. The hearing will come to order. Ill make an Opening Statement and then senator feinstein and i think senator cornyn and durbin would also like to make a statement. Then well swear in the witness and get on with the business before us. Before i make my Opening Statement, there was a meeting last night with senator shelby and senator mcconnell and the republican members of the Appropriations Committee. And theres a lot of talk about the disaster at the border in terms of humanitarian assistance needed yesterday. So i think the game plan is that were going to take the 4. 5 billion that was in the disaster package that was unfortunately taken out and mark it up next week as a standalone proposition to get money flowing to the border to deal with the Housing Conditions and take some stress, not only off the agents, but the migrants. I think it would be money wellspent as 3. 3 billion for humanitarian assistance increases in the shelter cap