Downgrade. Apple and amazon set to report after the bell tonight. Speaking of earnings, were going to talk to shopifys president this hour on the companys latest quarter after topping some estimates but lets begin with tech as we look ahead to apple and amazon tonight the nasdaq, as we said, worst daily performance since february, jim. Are we going to use qualcomm as a read for tonight no, qualcomm is just pa theting i. I was disgusted with that quarter. Im so tired of their hype im sorry. I have a negative attitude about them im positive about other things. I mean, at the start, once again, they do this thing, its great, its great, its great. And then you get to actually, but you know what, its bad, and its weak. Its great, its great, well, its bad, its weak, and this is post auto and handset inventory buildup and, no, im making the samsung story, the solutions to apple. But no it is not a tell now, you could say, well, look, maybe apple is coming in too hot. I think theres a theres t
The catalyst wednesdays Consumer Price index report which showed inflation rising less rapidly in april than wed seen in the first three months of the year. Fed Chairjerome Powell had said just a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the Interest Rates will be cut sooner rather than later. Now more investors expect the fed to make its first rate cut in september and a second in december. As we have been reporting on news day, russiare president has arrived in china for a two day visit. It comes as moscow has become more dependent on beijing following its invasion of ukraine more than two years ago. Trade numbers hit record highs last year as china bought discounted russian oil in the face of sanctions. You can weep up with the latest on president putins trip by our live payment on
Right, the dow, snp 500 and nasdaq all hit their highest levels ever. The catalyst was wednesdays Consumer Price index report, but showed inflation rising less rapidly inflation rising less rapidly in april then wed seen in the first three months of the year. Fed Chairjerome Powell said just a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the fed will start cutting the benchmark Interest Rates sooner rather than later. Now more investors expect the fed to make its first rate cut in september and a second and december. Lets stay in the us where a virus that has killed millions of birds around the world has now spread to cows in america. Its raising concerns about the impact on the dairy farming industry. Bird flu has been detected in cows in nine us states, including michigan, texas, and oh
Hello and a very warm welcome to our viewers joining us on this monday. Im bianca nobilo. And im max foster joining you live from london. Just ahead on cnn newsroom. Im sick and tired of the brinksmanship. Theres no excuses. Consequently, im urging my remembers of congress not to wait. Its a political witch hunt to the likes of which nobodys seen before. We are leaving no stone, no branch, no table, no cabin unturned. Live from london. This is cnn newsroom with max foster and bianca nobilo. Those stories in just a moment. But first, were going to give you word of a historic governor taking place in kyiv. Foreign ministers meeting in kyiv which isnt an eu member. Absolutely. This hasnt even been described as the Ukrainian Foreign minister as a historic event. We spoke about this an hour ago, speaking about this, not taking place at eu borders right now, but in his words future eu borders. This is being shown as a symbolic move by the European Union for show of support. This is a message
Hello and welcome to our viewers joining us here in the United States and all around the world. Youre watching cnn newsroom and im rosemary church. One crisis ends as another begins. Why u. S. House speaker Kevin Mccarthys decision to work across the aisle to avoid a Government Shutdown has put his Leadership Role at risk. U. S. Funding for ukraine also on the line after being left out of the Government Spending bill. What that could mean for kyivs fight against russia. And taylor swift embraces her nfl era. The pop superstars appearance at recent games is giving the league an economic boost. Good to have you with us. After congress narrowly passed a shortterm Spending Bill to keep the government open, u. S. President joe biden is now urging lawmakers to approve new Funding Plans before the next deadline. He says lawmakers should pass a yearlong budget deal and authorize more aid for ukraine within the next month and a half. Hes also calling on both parties to act fast, saying they sho