Traders are recalibrating their expectations and the two year yield is a touch under the 5 level once again. You are seeing massive volatility in the bond market in a week with a lot of auctions. The 10 year yield is it is a sex base at basis point is a six basis point move higher. Gold is on the rise and has been a favorite asset for traders all year long, one half of 1 higher. Some midday movers on the equity side we will start with caterpillar reporting Quarterly Sales lower than a year earlier and the trend is expected in the second quarter. They said sales would be largely in line for 2023 but that now seems to be shifting. The Company Beat Expectations in almost every quarter since 2020 and we will talk more because in addition to that 7 drop in caterpillar, meta is dropping dramatically more than 12 . The Company Announced it will spend billions more than analysts expected on its ai efforts. Mark zuckerberg is asking investors for patients. They are not patient today and he says
On size. Attack is being sheltered and the hardest on are responsible for cross border age limited security for the the map of the eastern coast of libya. And since you have done, it says the number of People Killed off to the weekends. Catastrophic flooding could reach 20000 heavy rain full on sunday clothes 2 times to bust a. How does, there has been in china has the latest on the rescue efforts from the being capital. Helicopters big bodies from the c testimony to the power of the wave of water that hit the city. Others were simply swallowed by lance lights. The grim task of recovering the bodies continues. Search and recovery teams are working together with specialized for dog units. The water was like us to nami, cutting through this city, wiping out more than just buildings. The whole family live next to each other. We were all neighbors. We lost 30 people so far. Thats a 30 members of the same family menu. Still unable to comprehend what they live through the surface pro bonus a
Taking matters in their own hands. A to is also coming from people, america tissue in many a chewing, to give blonde, to help us in choosing the quite the. So we begin an Eastern Libya with thousands of people of data and close to 10000. 00 to missing off the floods almost completely destroyed. The city of done a, more than a 1000 bodies, have been recovered off the torrents of water comp, the path through the ports as he went to upstream. Dans best destroying and time neighborhoods, buildings collapsed. Tom sort of attend and people were swept away when the heaviest rainfall and 4 decades fell. Well 30 say at least a quarter of the city that has a population of about 100000, has been completely destroyed. Administered in the eastern administration, visited the area and says bodies can be seen lying every with the death toll is expected to rise significantly. Libya correspondence malik trying to begins our coverage. The worst storm libya has seen in decades brought record rainfall and
Of the atlas of mountains with hope of life, perhaps still remains. But in this case, there digging through the rubble for the dead or trying to rush uh, north Korean Leader kim jong in to meet president Vladimir Putin closing concerned amongst the us and its allies, the so itd be good and nice in libya where its fit, hundreds of people have been killed in floods caused by lot storm. The points that youve done there appears to be the hardest hits to dams that sits in a valley above the mediterranean city, but overwhelmed when storm. Daniel broke the heaviest rain for the single day and for decades that send to shoot wage bulls to through the city. And nearly as of monday, apartment blocks that stood well back from the river, possibly collapsed into the mud. While the bridge along the sea front was washed away, the number of victims is unclear with thousands on accounted for libya correspondence by the train. That reports now from tripoli. For storm libya has seen in decades brought rec
German Software Giant delivering a mixed bag. Two french luxury stocks today. Shares fall in part to japanese consumer demand and shares in the drinks maker lower. And to our top story in the last couple of hours toshiba announced the resignation of his ceo over the accounting scandal. Hell be replaced by the japanese firms chairman with 8 of the 16 Board Members expected to step down. The changing management is due to this scandal. The president and chief executive will be replaced by the chairman. His predecessor who is vice chairman will also quit. Now we are awaiting for the Leadership Team to announce and tell us about it being made. Its helping the tokyo index approach an 18 year high. The japanese index already trading at a three week high. Investors are cheering the management change. Its going to take time. 8 out of 16 Board Members will be standing down. Thats a lot. Its a big management shake up. More Board Changes to follow they say. Incidentally also now you need to look a