Stronger level than expected hours after the u. S. Tax beijing and fx manipulator. Stocks shaken. Chinas intervention helps asian equities reduce losses and wall street higher after the worst drop in ae date year. And cutting the session in the u. S. Could the 50 point fed cut come in midseptember . Good morning. Matt where less than half an hour away from the start of european trading. We are less than half an hour away from the start of european trading. Coming down to the the lowest election. E the 2016 the bounce back recovering up to 1. 75 at the moment. Take a look at futures. We saw a earlier bigger gains in futures and then we see then we saw now. U. S. Futures are rising fairly substantially. Dax futures are up. 2 of 1 , byure as ftse futures down. 25 of 1 . What else do you see on the gmm . Yuan suggesting that fixing and working out with a they want to bounce this morning or in europe. We did see losses in the asian equity session being pared back as a result from china fixi
Retiring. We know they have had a lot of issues with the plane. I have been trying to fix the software issues. Boeing naming mark james to take over oversight of that 737 max program. Retirement might be a nice way to put it. The big event this week was two days of testimony. He seems to be in favor of cutting rates. Deliberately emphasize things going wrong globally. He is not that sensitive to Economic Data. I think his room his view is that inflation is somewhat under control. Is such a dramatic change from six months ago. Joe when the Global Outlook significantly dims, your ability to be purely data dependent goes away. You have to try to act ahead of the term. The fed has admitted that it does not have the conventional quality space to fight a gardenvariety recession anymore. It is really about recession prevention. Luke that is the only game in town that requires you to act when the u. S. Economy is falling off a cliff. We talked about this idea that when you give Financial Marke
Being banned in america. Shou zi chew released a video on tiktok threatening legal action and warning that if the bill becomes law it will mean the end of tiktok for its 170 million users in the us. Heres some of that video. Hi, everyone, its shou here. Just wanted to share some thoughts with our us users on the disappointing vote in the house of representatives. There has been a lot of misinformation and i hope to clarify some things. First, thank you to all of our incredible community, you are what makes tiktok so special. Thank you for making your voices heard. Over the last few years, we have invested to keep your data safe and our platform free from outside manipulation. We have committed that we will continue to do so. This legislation, if signed into law, will lead to a Ban On Tiktok in the United States. Even the bill sponsers admit that is their goal. This bill gives more power to a handful of other social media companies. It will also take billions of dollars out of the pocke
In on that breeze. Not a bad day, actually, for many of us. Some Sunshine Looks like it could break through. And, again, were in that milder air with temperatures up to around about 1a to 16 for most of us. This is bbc news, the headlines redefining extremism at the uk government names groups that are a cause for concern and could face restrictions. Us Senate Majority leader Chuck Schumer says Benjamin Netanyahu is a major obstacle to peace as israel vows to push ahead with its rafah offensive. Elon musk s Spacex Mission is hailed a success even though the Starship Rocket is lost on re entry to earth. Tiktok warrants a us ban could cost us businesses billions of dollars and thousands ofjobs. And for the first time in its history, glastonbury will have to female Headline Acts. Find out which artists get the prestigious sports. Just before we go to business, some Breaking News to bring you involving a plane which was carrying the defence minister grant shapps on his way back from poland
As the desktop mouse and starvation occurs the bye, didnt ministration has made it clear repeatedly that there are no red lines. No red lines need a green light to continue. Genocide, genocide is official watson calling to some promo. So as youre welcome to see on, continue comes on. So look at the sort of prescription that im on on that are pretty much it on the all set. I saw it looks as though you were on the list, securities equal minus those you missed, you do something, but dont you think much of it . My just because it was a cache that pertains to realizing the plugged us, if you, to remind you that the free i love a little more to remind you to say today ill call number from the menu or to the composite kind of what it is that the kind of easy is on like a slot for that, enter it into the bucket one in gun. Come on buddy to to book it show up. Ill see some of the better method are due to do the death of both of them the. Those are the casino sits system to set the money under t