Of yields, and the question for the market is this. Is the fed a shoe in in terms of the rate cut that we expect . By the way, does anyone care about a 1 trillion deficit in the u. S. . Yousef the winds of change are upon us. That is what the folks at Morgan Stanley say, their chief equity strategist put out the notes. The returns from u. S. Growth were surpassed by their expectations. Lets get to some of the other market action, and a bit of a rep from hong kong with sophie kamaruddin. Sophie asian stocks are extending, but we are seeing volatility with tracking lower. Bojhead of the fed and the meetings later this week. Results. D see solid check out hsbc, the stock falling in the afternoon section. The stock edged higher in the morning session. I just want to highlight the continued selloff in chinese bonds as well. The 10 year yield dumping the most in the six months, with momentum. Oficymakers are wary aggressive stimulus. Worsening chinese Economic Data could strengthen the bull
Dominates in terms of the overall gdp number. Headline gdp growth is in line with what everyone expect it. Wage growth, Income Growth has been relatively strong. Government spending data, quite strong. There is some upside risk to the economy. The consumer side of things and the labor market side of things, but the manufacturing is under pressure. Pretty significant dislocation between the industrial economy and the consumer economy. It is the composition of the data here that is worrying the fed. Potential pockets of weakness. We do see a further deceleration in the u. S. Economy going forward. Ultimately, we are moving back towards a lousy trend. Jonathan joining me around the table here to discuss in new york marilyn watson, bob michele , of jpmorgan, and george bory. Of wells fargo. Maryland, lets again with you. You know how this works. You pick your bias, look at your data, and confirm the price. There is something in this for everyone. Marilyn thats right. The data was as expect
This hour. Yousef first, european governments this week agreed to assemble a Naval Mission to provide safe passage for ships through the persian gulf. That is after iran seized a British Oil Tanker in the region. The act was condemned by the the u. K. Foreign secretary jeremy hunt, but defended by his iranian counterpart. Under international law, iran had no right to obstruct the ships passage, let alone bored her. Board her. It was an act of state piracy which the house will have no hesitation in condemning. Even more worryingly, this incident was a flagrant breach of the principle of free navigation on which the Global Trading system and World Economy the u. K. Ship had turned off it signaling for more than the time that it was allowed to do so. It was passing through the wrong channels, endangering the safety and security of shipping and navigation in the strait of hormuz, for which we are responsible. Yousef we have more with our executive editor for the middle east. Reporter we do
This is the nations safety watchdog making sure they are the top priority in the u. S. Department ofor transportation. Through its impartial investigations into transportation accidents, the board makes recommendations that have transformed Transportation Safety. Ha ntsbs recommendations prompted action to require railroads use positive train control to use seatrc belts to have well rested crews. The needs to continue to improve safety is ongoing. Run away near misses are far too frequent and must do better. Eastet palestine derailment, and the inspections that have been lacks. They make sure we are looking out for longer trains and improvements. Thats just flustering given last saturdays derailment where three trains collided. We seeen a crisis in the nations roadwaysn in 2021. The latest data we have fatalities are the highest since 2005 in my home state. Fatalities increased 40 since the pandemic. While, thats enough to think about, we are urgently in need of an ntsb and use the exp
[captions Copyright National cable satellite corp. 2024] host good morning. It is monday, march 11. We are here with even the next three hours on washington journal. Independent bully about campaign2012 four. After the announcement from an independent senator and where independents will fall during the election. Now sooner 38 days to go until election. The number to call is 202 7488000. In the mountain or pacific region, you can call 202 7488001. Or you can text or call 202 7488003, if you do, please include your name and area you live. Good morning. You can start calling ahead now. Many americans identify as independent. Getting the view on campaign 2024. Having this conversation the lake of Kyrsten Sinema announcing last week that she would be retiring at the end of this year. Here is part of that announcement. [video clip] i promised i would do my best to fix it, to protect and defend our constitution. To focus on what unites us. Through understanding and compromise. Despite moderni