2 , the catalyst was moodys downgrading the Credit Rating on several small and medium sized us banks, Including Mmt and pinnacle financial. The red flags raised the Ratings Agency included a potential recession, as well as problem side to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the Third Quarter based in part by a Postman Damik rebound in ray jones. Meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its Production Guidance for the full year. Elsewhere on wall street this morning, nine companies, including ban
Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
will have to see some significant stimulus measures, such as reducing interest rates, making money easierfor households and companies to access some fiscal stimulus thatis access some fiscal stimulus that is more government spending, tascott, think the real issue is whether the government can get confidence backin government can get confidence back in the private sector so that households can go out and spend, ratherthan that households can go out and spend, rather than save and businesses start going out and investing. that they haven t accomplished so far and that i think is really the big, both for short term and for longer term recovery of the economy. staying with china, the country s largest privately owned property developer, country garden, has said it has not paid to dollar bill and coupons due this week. the amount is valued at $2o ssoooooo. they now amount is valued at $20 $5000000. they now have 30 days to cough up the money will slip into default. the country s property se
are you expecting any? the government are you expecting any? the government seems - are you expecting any? tue: government seems to are you expecting any? tte: government seems to want to send a message that everything is under control, that the economy is still on the right track, but i think they will have to see some significant measures such as reducing interest rates, making money easierfor interest rates, making money easier for households and companies to access, some fiscal stimulus that s more government spending and tax cuts. i think the real issue is whether the government can get confidence back in the private sector so households can go and spend rather than save, and businesses start investing. they haven t accomplished that yet so far and i think that s really the key both to short term growth but also longer territory on the economy. well, that data will come on the back of china s latest export performance, which showed a 14.5% drop in exports forjuly. that s the low