And stockton mayor. I will say a few more words about them in a minute. But he really wanted to start by saying that we are gathering at a time where all as a country, and in particular, leading us as we go through a moment of deep pain and anguish for so many americans. That has come to the floor the last few weeks that it is a product of years and decades and really even centuries of any cool and unfair treatment. The murders of george floyd, breonna taylor, Ahmaud Arbery and many other black americans have shed a harsh light on the systemic racism that is pervasive in our country. People are not safe here. Now when they got their jobs are going to church, not even when they stay in our own homes. And they are too often killed at the hand of place. Black people. Right now our country is suffering of two abuses. One of them, medical professionals are working aroundtheclock theres a global effort to become a common entity. And still so many people are suffering. And dying. And for the
Growth overseas. And a promise and a warning. Talking about Nuclear Weapons and at the 2015 Iranian Nuclear deal. Lets get started with a check of markets. We saw the s p. , 500 fall for a second consecutive session, and finish below the 3000 level. Industrials leading the declines. The dow also down 4 10 of 1 . We have the dow transportation average, a gauge of economic growth, sinking at one point to its lowest since december. A mixed bag of corporate earnings, not to mention lingering trade tensions between the u. S. And china. Unchanged. Lets look at how things are shaping up for the asian market. Looking quiet on the trading front. Volumes likely to continue in asia, futures pointing lower. Stocks adding about 1 10 of 1 . Central banks and earnings will be top of mind. The jury is out on the bank of indonesia, cutting rates today into the chip sector is on watch, following earnings from asml that got a boost in 5g. And also on tap, japanese trade numbers that may show weakness eas
18,000 employees. The details in our business update. Beat, summer heat has you we have one solution in paris. The annual beach festival. The details, comiming up. First, our top story live from paris. Is being sworn in one day after he beat left wing leader alexi tsipras. Nanatalie is covering this election. What is hihis first order of business . Unifyinge outut with a message. He saiaid he was aware of the historic responsibility he had get the hit thee ground runnining. He will hahave a focus on the economy. An a aggressive reform plan, a d restructuring, you name it. Expectations. The cabinet will start working immediately on everything. The greeks will be keeping an ion him. Genie the previouous prime mininister came to power nearly four years a. People had hope forr him. Whatat happened . He promised to overturn the policies. Austerity as soon as he got voted in, he , he reneged on his [indiscernible] greeks who had seen him hopemeone who couould briring Something Different than
Set your agenda. Asian equities retreat for a fourth day on more concerns over chinas economy. And after strong us retail sales, add doubt that the feds inflation fight is finished. Uk headline inflation set to take a step lower today, but the pressure is on for the bank of england after the hottest wage growth on record. Plus, the Worlds Largest owner of stocks rebounds thanks to investments in big tech. Well break down the numbers from norways 1. 4 trillion Sovereign Wealth Fund. Well, good morning. Welcome to wednesday and its risk off this morning as concerns about inflation and growth weigh on markets, us futures are flat this morning after the s p 500, the nasdaq and the Dow Jones Industrial average all ended just off session lows yesterday. Equities finally showing a bit of worry this off year after year had us retail sales coming in above forecasts, along with home depot earnings for that matter, underscoring consumer resilience and bolstering, therefore, the case for the fed t
Index take a look at where japan is. Up almost 2 . Perhaps the data clearing the way for gains in the stock market. At home it is about china. The pmi better than expected but contracting for five months in a row. Activity disrupted by the Lunar New Year holiday. Manufacturing stabilizing at 51. 4. It is about the npc right now. Expectations are so high. Will we see the bazooka that people are expecting . Will we see a policy pivot . What about the gdp target . Yvonne that is probably the single most important thing to watch according to our Bloomberg Economics analyst. Whether the growth target will be maintained at 5 and if that is the case, how will they deliver it . They will have to unleash more policy to reach those targets. Around 5 is what we are watching in terms of language. That is still a consensus. Is this going to spur a turnaround and continue the rally that we see in chinese equities . The npc tends to lift chinese equities. But it is a high bar. And the room for disapp