Fire towardst israel following a brif overnight lull. Israels new defense minister says there was little choice but to continue the campaign until the rocket fire from gaza stops. Children are not only killing israelis but they are killing their own people in gaza. The world must stand together and unite against radical otherwiseerrorists, the world will feel its wrath. Mark the leaders from the military groupon mosque have yet to enter the fray. Group hamas have yet to enter the fray. A Chinese National who worked for a u. S. Petroleum company has pleaded guilty in federal court to stealing trade secrets from his employer. Court documents indicate the 66yearold work for phillips when he stole information related to the development of next generation battery technologies. The material was worth more than 1 billion. A plea agreement calls for the 35yearold to give up two years to serve in prison and pay restitution of one under 50,000. Of 150,000. Global news, 24 hours a day on air and
Getting because we have a long weekend of no trading this holiday. Jonathan lets go around the world and check in with our bloomberg world news. Mike mckee is in new york. Then, a wrap of the g7 meeting. And then another warning about the cost of a brexit. Time, thetes government updates data on growth. We are joined by mike mckee who says the fed is likely to focus on bad news in the numbers. Mike half a percent growth in the First Reading of the First Quarter. That is likely to be revised up according to forecasts, but others on wall street will be focused on two numbers in the report. One is business spending and the other is our first look at corporate profit for the quarter. In the april minutes, there was a lot of talk about why business spending has contracted. As theyall companies decline, business spending has contracted. We saw that yesterdays durable goods report with capital goods unexpectedly falling. If we do not see profits rise, will be economy keep growing out a strong
With the most important fed meeting in decades. No one thinks a quarterpoint move will affect the economy. Neither do they know the psychological impact will input the change in direction. Effectivelyte is zero. With unemployment, Consumer Spending, and business the chinese equity bubble has collapsed. Another big drop in oil prices convinces many investors it will be better to hold off. That would give the fed an opportunity to assess the prospects of growth ahead. No matter what they decide, the announcement will be complicated. They will release an Economic Forecast and a new plot. What do they say . Within hours of press conference in october . If they go, why and how will be a strategy be . And everybody wants the answer to the next question what do they do next question mark Michael Mckee what do they do next . What are the applications, the u. S. Close yesterday, relatively benign compared to the magnitude would be happening. We saw a positive session yesterday, at the moment, w