Will Congress Finally take action . First, shares of broadcom are tumbling after the chipmaker cut its fullyear revenue outlook. The outlook will be 22 billion in 2019, missing even the lowest analysts estimate. That also reported revenues that missed project since as it continues missed projections as it continues amid the chinau. S. Trade war. Huawei, accounting for 3. 5 of sales, is also a major supplier of chips to apple. Aey said we currently see slowdown in the demand environment, which we believe is driven by continued geopolitical uncertainties as well as the effects of export restrictions on one of our largest customers. Joining us to discuss his ian king with me here on set. Is ian king with me here on set. How much does this have to do , in huawei and china particular and at large . This Global Supply chain, even stuff they are selling that is not going into the china market and staying there is coming here am going to europe. Am going to europe. And going to europe. By the
Central banks are a primary focus, an seen the initial focus this week. Ecb mario draghi is due to address people in sintra in just a moment well stay tuned for that piece coming up in a short while the Federal Reserve is expected to keep Interest Rates on hold at its twoday policy meeting that begins later today. Invest and economists said there remains a high likelihood of a rate cut later in the year analysts from bank of america, jpmorgan and bmo forecast the cut in September Jpmorgan and bmo said they also expect another move in december. Goldman sachs and citi, they dont agree with the assessment. They say their best case is that the fed will take no action at all in 2019. Theyre calling for a cut in june, so thats tomorrow well see what happens here in europe, the ecb flagged it will postpone any rate hike until the middle of next year. Low inflation has hampered the eurozone in recent years and the central Bank Launched a fresh round to boost the central bank. Annette joins us
, Lisa Abramowicz and annmarie hordern. Live from new york city, good morning. For audience worldwide this is bloomberg surveillance alongside Lisa Abramowicz. Your equity market on the s p 500 down yesterday just a touch down this morning by one third of 1 . Cpi upside surprise, pce coming up a little bit later. A lot of people are saying thats the big data point but how do you trade the market that seems to be driven by its own sentiment. That seems to be with the lack of conviction i read all the notes overnight i have to say the headline of the day frankly is momo fomo or own no. You can translate that later in the program. Ultimately over the last few weeks the last few months this market is repriced aggressively. And the fed hasnt had to adjust at all. President williams sounds like a president williams we heard about a month ago. Three times seems about right for fed rate cuts this year. They havent changed their message. Market kicking and screaming. But heres the real question
The Pressure Drop continues and there is a conflict , there is a possibility of gas cut, but definitely with the cooperation that our dear people had in the past. With this consumption management and optimization of consumption at home , it will definitely help that there is no Pressure Drop. The minister of communications said that an iranian pars1 satellite will be launched into space tomorrow. Mr. Zarapour said that the pars1 imaging satellite, which is a 100th iranian satellite , is the 12th attempt to launch a satellite in the 13th government. It will be launched by a soyuz launcher from russia, god willing. In fact, the number our sensing and imaging satellites, god willing , will be added to it with this launch. And god willing , in line with the development of the countrys space activities in the future, with the completion of the first phase of the largest space base in west asia, which is being built in the south of the country, god willing, we will be able to place such sate
Summit need to discuss the challenges on potential benefits of Climate Change. On decks of this, from the funding non festival, tens of thousands of people are finally meeting the much the nevada test. The, the one i test says north Korean Leader caleb junglin could be planning to meet with the rushes leader and pulling youngs class. I like that he met person. Lets go like, not to heidi joe castro in washington dc for more details on that. So hard to tell us more about this potential meeting there. A well carry this meeting. It has been reported in us press, citing an unnamed Us Government official, saying that there is Movement Toward a potential meeting between kingdom own the leader of north korea, with a lot of uprooting the president of russia. And that those meetings who take place this month. The quarterly kin is planning to take his armor train to the russian coastal city of lady bus stop, where he would attend a conference and then potentially go on to moscow from there. And t