Plasma will be expanding. Markets turning attention to the virtual jackson hole and the crisis fighting measures. The Republican National Convention Begins in North Carolina today as president ial rival joe biden says he would be open to a second term despite questions over his age. 6 00 a. M. Inne london, 9 00 in dubai. There is a open letter to the fed. It is satire at its best. I like bonds over fx. Just do whatever the bond market says. It is bigger, better, better educated and sharper than both of us. It is a great piece, but it is genuflection to, did you read the minutes and just do whatever the bond boys and girls say. What businessweek calls cringe worthy satire. They give it to jackson hole saying please do us a solid, keep this mind in vote during the jackson hole summit. No cowboy stuff, jay powell. It makes a lot of sense, this satire. It is trying to make sense of the market when you have covid19 pandemic still ravaging economies and Peoples Health and the s p 500 on frid
Euro instantly snuff approaching the 110 level and keep an eye on the german 10year and the president s speech could have a Significant Impact and it really is very hard to read event. And certainly the bull market here in europe, sitting tight and waiting to see what comes out of it. Vonnie . Vonnie as we wait for the economic speech and powell speaking thursday, were joined by kumar, the Global Strategies president to tell us what we might expect. What could cause the markets to move today . You need President Trump to Say Something totally unexpected, vonnie. The usual things, the economy is doing very well, we expect growth to continue to be very rapid. Thats what hes going to say. And that hes making very Good Progress in terms of dealing. Th the chinese it he has to say hes going to sign an agreement on a certain day and hear some of the things he agreed to and on the other hand explain why it is the economy is going to do very well in the year 2020. I dont expect it. You ask for
Listing day. 14 billion goes to micron from the chips act to boost americas memory chip prowess. There is only one story that matters right now and it is meta. You see the share reaction to mosque zuckerberg outlining billions of dollars to building out Ai Infrastructure. Expenses, arrange raised, capex raised. The focus of the call was on the product cycle. How many years will it take for this investment to would materialize in sales growth. Thats the question on the stock is on track for biggest drop since october of 2022. Remember how well its performing yeartodate. Look at the market cap, the scale of this company but also the market cap lost. The reporting from kurt wagner and the analysis from analyst mandeep singh. Mark zuckerberg was cognitive on this call but what he tried to do was say trust me end bear with me ive got a plan for ai to have an impact on the existing business. Explain what we learned. Kurt he was saying this is not anything thats going to return to shareholder
Army reinforces troops in the west bank we speak to a prominent palestinian lawmaker also coming up. Can this man solve germanys political woes a social democrat leader martin szells refused to consider a Coalition Government with uncle out miracle after his partys election defeat but now in a u. Turn his party has said yes to kicking off talks with merkels conservatives. Plus hot dry winds fanning the flames of massive wildfires in Southern California people flee their homes hundreds of houses are destroyed and thousands more threatened as firefighters struggle to contain the infernos. Also a homecoming for fashion legend Karl Lagerfeld chanels a german of born designer stages a star studded fashion show in hamburg transforming the citys sparkling new poster hall into a boat could tour catwalk. Pleasure to be with you in the response to u. S. President Donald Trumps controversial decision to recognize the roost them as the capital of israel the Palestinian Group hamas has called for a
Kong. E in hong for us . Got coming have the chairman of the european committees market. Have steven as our first guest enough just a few minutes followed with june in jumin. The results of the former of ther the Governor Peoples Bank of china will you highse have record and there have been a lot of and was said this rally is going to be much better and healthier if we see that will weigh your it is like a bit like to help rally along. Against. They are sending gains for it and will have stocks in havepore halting and we do a have the in dollar. The dollar falling for the first in threehe first day sessions. He take a look at the big picture, the funds a retreat. Fluctuating all morning. Have a focus on the offshore as theres ground speculation to cool its gained operate we are keeping an eye on oil. Retreatingbrent after closing above the level for the first time in three years. Crude now sliding 4 10 of a percent english comes to what is moving on the regional benchmark, you have mat