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Transcripts For CNBC Squawk Box 20130802

Start to august. Yesterday, you were looking at the dow industrials, the dow transports, the s p, the russell 2,000, all closing at record highs. And the nasdaq was at a 13year high. Meantime, take a look at the tenyear. Yesterday, very interesting action here after all the strong economic numbers that we have been looking at. You saw the tenyear rising above 2. 72 , climbing again today to 2. 738 . What was interesting about that is while the yield was climbing, stocks were climbing too. People are looking at the good economic numbers and thinking, okay, maybe things are actually finally starting to turn. They kept coming, they kept it looked like a few i was wondering how the dow was going to finish as the tenyear. The tenyear yield was climbing through all of that. Same thing, trying to get that 38. Right. So many facebook shareholders waiting for that bad moment. As we mentioned, the data is coming after the markets closed at new all time highs. The dow was up 128 points yesterday,

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China's ride-hailing industry hits saturation point in more cities, triggering warnings from local governments

Since April, at least eight cities in China have issued notices on ride-hailing. They have also warned of fake impressions given by local ride-hailing platforms and car rental companies.

Xuzhou
Jiangsu
China
Suzhou
Putian
Guangdong
Dongguan
Guizhou
Singapore
Fujian
Changsha
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Chinese cities issue warnings about oversupply of ride-hailing drivers amid weak job market

Chinese cities issue warnings about oversupply of ride-hailing drivers amid weak job market
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Chongqing
China
Yingtan
Gansu
Suzhou
Jiangsu
Shangqiu
Henan
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Guangdong

Utility price hikes in parts of China hand another blow to households

Utility price hikes in more than 10 Chinese cities may briefly lift nationwide inflation from ultra-low levels, but could ultimately turn into a deflationary force in the world s no. 2 economy as they. -May 15, 2024 at 12:25 am EDT - MarketScreener

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Wang-dan
Xizang
Zhenjiang

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