Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you being here today. Todays hearing is about the state of the International Financial institutions. I want to take a minute to talk about the debt ceiling crisis that we narrowly avoided. First, were all glad that they seized behind us and. No one wanted to default no legislative branch official no executive branch official your statement says waiting until the last minute hurts american credibility i
Two ukrainian drones at once interval between explosions 16 minutes. First ukrainian a drone was seen over the kremlin 2. 27. At night, it exploded over the dome of the Senate Building of the kremlin , the impact of the second drone was recorded at 2 oclock, 43 minutes the wreckage fell on the territory of the kremlin. Moscow has banned the flights of any drones, except for flights specially authorized by the authorities, and moscow also reserves the right to take retaliatory measures quote, where and when it sees fit. Zelensky by the way the residence was vacated in advance the hour he is in finland the First Official comment by the press service of the president of russia timely actions with the use of radar warfare systems. The devices were put out of action due to their fall and scattering of fragments on the territory of the kremlin injured and material damage. No, we regard these actions as a planned terrorist act and an attempt on the president , held on the eve of victory day ,
Decline as strength and the Services Industry adds to the higher for longer rates narrative. Bets on a november fed hike rising to 60 . Apple citing the most and a month saying some Chinese Government agencies are banning the use of iphones. Japans trouble outlook from the ana ceo who says demand from china is soaring. A quick check on wall street, not the best of openings to a month ever. Three down sessions, it looks like as futures open we might be pointed to a fourthdown session. The s p 500 down. 7 , big tech leading the time for the most part. Apple with their drop after we had sourced the idea that china would be banning iphones from the workplace. We had treasuries falling as well. That was to do with the Services Data which was really strong, except for prices paid being strong. That adds to inflation. Perhaps in place and will be stickier, there will be another fed rate hike in november perhaps. We had to fed speakers rwo fed speakers, they both said there may be another rate
Cooling this a red line, at least in belgium. Shoot that a man suspected of killing seems Swedish Nationals in what authorities all cooling, a tire. Thats not the hello there. Im on your campus mccain and thanks so much for joining us. Us president joe biden. Well visit israel on wednesday. The secretary of States Anthony blinking says the president would re, if um, what he called americas. I implied commitments to Israel Security and also discuss its war items and strategy as Israel Presses on with strikes, as well as the need to present the lives of civilians and to an a enable humanitarian aid to reach gaza. Lincoln said the visit was coming as a critical moment for the region and for the world. 1000000 people have now been displaced and at least 2800 have been killed in gaza. In time neighborhoods raise to rubble is really strikes, continue to stockton buildings across garza, on the ground here and rough uh the scramble to rescue people trapped onto the day bri off to a recent stri
Good morning, welcome to daybreak europe. U. S. Secretary of state andy lincoln headed to tel aviv and President Biden issuing a warning to iran. Israel vows to wipe hamas off the face of the earth. As investors weigh the geopolitical risks, markets bracing for the latest inflation data out of the United States. Geopolitical and bond volatility and of course the tragedy in israel as well as a quick check on the markets because there is a lot for investors to digest. At the end of the day the stock market is a forward looking asset but it is a sensitive asset. Even though you are seeing green on the screen, do not let it full you. These are defensive trades. Let me walk you through that psychology. Pairing the gains and the pressure you have seen in the past couple of sessions coming off the conflict we are seeing in israel at the moment. At the same time you are seeing the United States are to get defensive, outperforming the regular s p futures which tells you the tech trade is very m