Before we talk about markets. Ecigarette maker juul, which, pardon the pun, almost went up in smoke last year, bankruptcy. Were hearing the company is seeking to raise about 1 billion here and it is working with jeffries to do that fundraising effort. The company had a bite had about 800 million in revenue in 2022. The hot headline is they are looking for about 1 billion in funding there. We will get you more details later in the show. That aside, and smoking is not good for you just in case, markets right now, not really up in smoke but we are coming up to lows in the day. Were down for a third day. China opened up and is providing some left to these some lift to these markets. We will flash it on your screens in a moment. Down for a third day. Certain sectors are picking up the slack,. 5 to the downside still. But were stable here. You had a big drop in u. S. Markets overnight, you had a melt up on yields with a 10 and 30 year continuing to move up. We are now closing at 4. 10. It re
Rally, hence why we are looking at 5800 level on the china index and puts us back at the start of the year. And tilt coming through. 10year yield at 30. And three cuts. Only three cuts and swaps market and still looking at that. 60,000 level, trading at 57,000 level. That is one watch when it comes to bit coin and ai and no we have the bodes well with the fed and what is markets are listening. And are 7 to 6 to 3. And have we seen a view when it comes to yields. Does it yield . The dots we are showing, a lot of fed speakers coming through on thursday and friday. Speaking of central bankers, starting right now and we will be speaking tomorrow, not wasnt they did anything and probably at the peak and may start cutting rates first half of next year. They may not do anything the first half of and the peak rate was at five points. So, that was a bit of a downward and even though they are hawkish. And had comments they may look at this independently. But there is that side of the market not
Stocks in asia in a Holding Pattern as markets look ahead to growth and inflation data due this week. U. S. And european futures pointing lower. Congressional leaders meet President Biden as efforts to avoid another Government Shutdown ramp up. Apple shares again as bloomberg reveals the tech giant is ditching efforts to build an electric car, as it pivots towards ai and mixed reality headsets. Lets check on these markets. There is a bit of a Holding Pattern. Bit of a mixed picture. You want the detail on the inflation story of the u. S. On thursday with personal consumption expenditures, the pce, the favored gauge of the fed and then gdp today out of the u. S. We will see if the revisions change the picture with 3. 3 currently on the board for the most recent quarter out of the u. S. Modest gains on wall street yesterday for the s p, ending higher 0. 2 . Still in the green for europe. We will see how that evolves today. Currently european futures pointing lower a little over 0. 1 . If
Incarceration and overpolicing please welcome kelly stimson, senior legal fellow and Deputy Director in the heritage foundations meese center for legal and judicial studies. Well, welcome to the heritage foundation. For those of you online here in person, then those whove joined us on c, were delighted to have and im really delighted and honored to welcome to heritage two friends and really giant in the criminal Justice Policy world. Dr. Barry latzer on my far left and Rafael Mangual barry is professor Professor Emeritus at the John Jay College criminal justice and at the city college of new york. He has a law degree and a ph. D. And is the author of countless articles, papers and influential books the rise and fall of Violent Crime in america. And his latest book, published last year called the myth of our punishment a defense, the american Justice System and a proposal to reduce incarceration while protecting the public Rafael Mangual is the Nick Odonnell fellow head of research for
It seems like investors were bracing for a more hawkish fed. We got a fed that downplayed that the move would be imminently a rate hike. Also the shrinking of the Balance Sheets to ease pressure on money markets. Yet powell also signaled that while keeping the cuts on the table, they might not come so soon, especially given how he sees inflation in the country. Have a listen. In recent months, inflation has shown a lack of further progress toward over 2 objective and we remain highly attentive to inflation risks. Avril lack of progress on inflation, that is the highlight. Thats why perhaps we are not seeing that much convincing moves to the upside. The kospi is down. Nikkei futures pointing to a slight gain when markets return to the lunch break. The focus has really been on the hong kong stocks. Quite a rally. A well beating rally despite the crucial pillar of support today, mainland investors. Of course, china is shot. A lot of the upside we are seeing might be thanks to what investo