Maria good morning, big show this morning, coming up mit professor of oh economics and obamacare architect is here to talk democrat medicare for all professes, International Policy analyst richard here to talk iran, lots to talk about this morning, dont miss a moment of it. Rally underway, joining the conversation fox business Dierdre Bolton and wall street journal Editorial Page Editor James Freeman and host of the secrets of wealthy women podcast veronica dagger. Happy friday. We have a firmer tone this morning, stocks surging earlier in premarket also the highs right now, but still higher as markets continue in rate cut, 2day meeting, july 30 or 31. 25 basis cut and this morning to you i keep thinking of microsoft, what a huge surprise that was the First Time Ever that Cloud Business just rocketed. But stock was left for dead, right, after the eu declared monopoly, its not just a oneman show. Maria leadership has helped the company. Yeah, for sure, i wonder why is it a 90 chance of
Equities higher on renewed helps elsewhere for a potential u. S. china trade deal. That confidence fails to spark european market. President trump takes aim at Jerome Powell ahead of todays policy meeting saying he could consider demoting the central bank head. And trump also blasts ecb president mario draghi and his stimulus plans that sent the euro lower against the dollar. There are risks mainly because of brexit, also because of the trade conflict. Even the persistence of these risks are a risk in itself President Trump has increased pressure on the Federal Reserve to cut Interest Rates. Bloomberg reported the white house in february examined the possibility that the administration could demote Jerome Powell from his role as fed chair. The news agency reported that the white house legal review had made a case to replace powell as fed chair but said the move would be open to a legal challenge. Trump also hit out at the ecb after mario draghi hinted at further stimulus for the eurozo
Much more on all of our stories on oui much more on all of our stories on our website and you can get in touch with me and the team on social media. Now on bbc news, live to singapore for Asia Business report. Xijinping in north korea. Is china trying to use pyongyang as a pawn in the trade war . Losing patience. Why dropping a keyword signal is the Us Federal Reserve is ready to cut rate. Rates. Hello and welcome to Asia Business report. I am Sharanjit Leyl Asia Business report. I am Sharanjit Leyl. As we have been discussing newsday, chinas xijinping is due to arrive in north korea later today as he starts a two day trip. It is the first visit by a chinese head of state in m years, and it marks the deepening diplomatic ties between beijing and pyongyang. Our Business Reporter has been taking a look at the economic relationship between the economic relationship between the two countries. Beijing is by far the two countries. Beijing is by far the most important trading partner for pyon
Seeking 1 billion to get out of its iron ore joint venture in brazil. Betty a billion dollar headache for bhp, a 7 billion windfall for jpmorganwells fargo, that really propelled the market higher on friday. Along with that inflation data. In record territory in the u. S. , what a month it has been. Lets quickly pull up the boards to see how much we gain, the s p closing at a record, the dow adding over 200 points, the nasdaq also higher. I get the feeling a lot of this will be as the markets are so high, a lot of it will depend on the news we get this week, including earnings, the higher the markets go, the more vulnerable it might be to pullbacks. And many of us have wouldhe first of 2018, we see a pullback, it has been dead wrong so far. Saying thech, biggest on record. Find the bears are throwing in the towel. Looking to see some gains with the u. S. Markets closed for the holiday monday. This is how we are faring in new zealand, about 1 5 of 1 . 72. 47 for the qb right now. Thedol
Live from our studios in singapore and london, this is bbc world news. Its newsday. Glad you could join us. Its 9am in singapore, 1am in london, and 9am in the coastal city of hualien in taiwan where an earthquake has struck. It registered 6. 4 but because the quake was so shallow, its done major damage. At least two people have been killed and many others have been injured. Rescue teams worked throughout the night to free those trapped in collapsed buildings. The quake struck 1a miles northeast of hualien, shortly before midnight. One eyewitness was on air with the bbc when an aftershock hit. Heres laura westbrook. Responders rushed to the scene as the destruction becomes clear. A woman screams as she jumps from a building and people rush to help her. It may have been a 6. 4 quake here in hualien but it was quite shallow and violent. One eyewitness describes the moment the quake struck. We were all in bed. Everything started shaking, the bed started shaking and everyone started scream