Putting them on a path to higher paying jobs. In fact, on this trip alone, these companies are announcing over 1 billion of us investments, including creating Educational Opportunities to over 30 million filipinos. President joe biden has proposed a 7. 3 trillion budget on monday, calling for new social programmes and higher taxes on corporations and the wealthy. The plan offers a stark contrast with Donald Trumps Economic Vision ahead of novembers us president ial election. The bbc s north America Business correspondent Michelle Fleury in new york has more. President biden outlined his Election Year budget pitch. It includes tax breaks forfamilies, Lower Healthca Re costs and higher taxes on the wealthy and corporations, as well as trying to get more money to help ukraine to help defend itself against russia and for aid for israel. If the biden budget became law, it would save 3 trillion through higher taxes over ten years, but it would also push us debt over 100 of gdp. By contrast,
Maria welcome back. Good wednesday morning. Thanks very much for joining us i hope you are having a good wednesday i am maria bartiromo. It is wednesday, march 13, it is 8 00 a. M. On the east coast, former special counsel robert hur defending his report on President Bidens mishandling of classified at this moments in a house hearing said biden willfully retained documents read out classified notion of government wry dplalt republican lawmakers clashed with his findings. The president i did not share classified information i did not share i guarantee i did not. That is not true is it mr. Hur . That is inconsistent with the findings based on in evidence my report. It is a lie . You exonerated him. I did not exonerate him has, mr. Hur my time. All i have to do when i am caught taking home classified materials is say i am sorry mr. Hur i am getting old my memory is not so great. Congressman. This is doctrine you established in laws now it is frightening. You cannot tell me heure so naive
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The department of justice argued the release of civil liability is not authorized by the bankruptcy code. Purdue is optimistic the Supreme Court will agree which the cas
Depreciation fueling concerns of the cost push Inflationary Pressure could be here to say here to stay. Playing into a perhaps is the slow down in the rise of food prices and perhaps businesses a little cautious to pass costs onto consumer because they are aware of the cost of living pressures building. Equities down 1. 5 today. Its not just a story of japans inflation. U. S. Numbers came out overnight and we saw further resilience come into the u. S. Economy. Pushing out expectations for fed hikes to december fully priced and for the First Quarter point cut for fed officials so a distance here but equities 1. 5 to the downside is we get underway this morning, japanese yield went to note because we are at the 1 mark so rising just a little bit here about that has been the really big trend that we are seeing, we are going back to levels we have not seen before the experimental policy led by the governor of the boj. Lets change on your different stocks we are watching this morning. Samsu
Good morning, i am tom mckenzie. Stocks take a breather, events set to test the ai driven rally. Raphael bostic reaffirmed the higher for longer mantra. J. P. Morgan boss jamie dinan lights a fire on succession talk. Closer than ever. Nvidia will discuss a new partnership. Our exclusive conversation with the ceo. European stocks and u. S. Stocks are near record highs. Modest gains yesterday. Nvidia will be a catalyst with earnings on wednesday. In the u. K. , inflation data crossing early. Futures pointing lower, european stocks pointing to losses around 3 . The spot index reaching the highest level since january of 2023. S p futures are flat. Lets flip the board and look cross asset. Weve been hearing from the central bank reiterating higher for longer. Messner saying it is no longer profitable, it is appropriate to go for around two. 433 on the benchmark 10 year and that is the bloomberg index. Modest gains and vision affects. Modest gainsetf speculation clod highs. Will bitcoin brea