Agenda at the beginning of the day tweeting Fake News Media is going full on. We are rounding the turn 99. 9 percent and hes attempting to reset the conversation around an economy he claims to have provide its trouble believe the number one reason im standing here because of trade and we turn that around. 7 days from now were going to win the great state. Were going to win for years. But joe biden kept the discussion centered on what he describes as the trump administrations failure to deal effectively with the pandemic this administration has yet to offer a single plan. Thats one of the reasons why the most one of the most prestigious medical journals in the world the new england journal of medicine the president quote dangerously incompetent or not as president turned a crisis into a tragedy im ready to act i know what to do. Biden spent the day in georgia which polls indicate has come strongly into play for the Democratic Party its been a solidly republican state for decades with fu
Part of that down to the uae and kuwait deciding to cut production. Haslinda chinas factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. Bloomberg markets coanchor Tom Mackenzie joins us from beijing. Take us through the key takeaways. Thatthe top line is Producer Prices fell more than expected. 3. 1 compared to a drop of 1. 5 in march. That does suggest weaker Commodity Prices. Going forward, Bloomberg Intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. That raises questions about the possibility of these corporates and their ability to pay down debt. Consumer prices rose 3. 3 . Poor crisis continue to rise at a slower pace. Pointing to a weaker demand picture. It is going to reinforce the case for a more certain policy support. Moderating,pi is the other question is whether this starts to spread internationally as well. They are saying there couldnt be a wors
Florida with about 450 kilometers away from the capital had access apparently and according to government sources a group of prisoners tried to escape they brought down the fence that surrounds the prison they were armed and it didnt end well there was a shootout between Prison Guards and the inmate the warden of that prison and it up being stabbed venezuela was one of the 1st countries to impose a lockdown in the region and because of that lock down visitors have been restricted visitors are crucial for many of those for inmates in venezuela mostly because they depend on the food on the medicine on Hygiene Products someone other things we know that some prisoners have been demanding on the situation inside of venezuelas prison among other things there was another protest theres been a history of protests in venezuela in the past in the state of police that last year 29 inmates were also killed and thats why in a way human rights were going to a solution are demanding an investigation
Haidi welcome to daybreak australia. Im haidi stroudwatts in sydney. Annabelle im Annabelle Droulers in hong kong counted down the ages major market opens. Shery im shery ahn. Ourstories this hour. Market gets a reprieve as fresh data has back bets on another rate hike this year. Tech stocks and treasuries are rallying. The dollar is weaker. In the Sam Bankmanfried trial, prosecutors say the ftx cofounder is a calculated criminal that lied of the world. U. S. Futures coming online in the Asian Session under a little pressure after we saw ux u. S. Stocks gaining ground and the s p 500 finishing around session highs. The nasdaq 100 outperforming gaming 1. 5 in the new york session. Perhaps, not surprising given we saw treasury yields back down with a rebound rebound in the bond market with a 10 year yield headed towards 470. We had dated today coming in weaker than expected. The adp private payrolls numbers added the fewest number of jobs since 2021. So perhaps, thats a little sign of a
There is another specific reason why we need to keep on tuning into this show. But first lets get down to the floor. Sarah . Hi. Lets try this again. Stocks are rallying. The question is can it last into the close . Both have their fingers crossed again. We started strong. Very sort of slow feet off of the top hoar. You know what you like. This is a two day. We never passed the high of yesterday and people are hoping on a technical basis. Lets take a look at market internals. The trend, im going to call it a slow fade. It was even 51 at the open. The volume has been on the heavy side for a while here. Thats what i mean wi by a slow fade here. They are all up. But slow fade. Its still up. Wanted a little bit more. I put up one more. It was what . 36 a month ago. And the volume is tending towards the heavy side. It does look a little bit like yesterday does. Mandy mentioned it at the top of the show. Watching a fairly steady trend. Giving some healthy skepticism. Investors looking for bu