Basically, what weve got today is a reversal of what weve had over the last few sessions. He bond proxies are back health care is doing well today. We are seeing a selloff in the banks and a selloff in the auto sector, down by 1. 4 . Maybe the president didnt quite go as far as everybody was into spitting yesterday in pushing back the idea that european auto tariffs are a risk. We also see some weakness in the spanish market once again. The market not liking what is happening with spanish politics at the moment, and the coalition that is being put together. Again, it is the banks under pressure. The ibex down by 1. 5 . Vonnie fed chair Jerome Powell will deliver remarks on capitol hill in about an hour before the congressional joint Economic Committee. Powell saying in compared testimony that Central Bank Policy is appropriate as long as the economy stays on track. Joining us now for a bit of a dissection of where the fed stands, even as public impeachment inquiries get underway in was
Comments . Well, i think they were encouraging to some degree comments . Well, i think they were l encouraging to some degree because ultimately, we are expecting inflation to go down significantly, especially headline inflation. And there is a recognition that voluntary policy is relatively tight at the moment and there is potentially room for the Bank Of England to start easing rates this summer. So, this is all in line with expectations and probably welcome news for many households and businesses. News for many households and businesses. ,. ,. ,. , businesses. Interesting to note that at the last meeting, businesses. Interesting to note that at the last meeting, he businesses. Interesting to note that at the last meeting, he voted businesses. Interesting to note that at the last meeting, he voted with l at the last meeting, he voted with the majority to keep Borrowing Costs on hold at the 16 year high. Also, next months Meeting Injune will be his last one actually before he leaves t
This comes, of course, after an incident injanuary this year, when an unused door blew out soon after take off on an Alaska Airlines 737 max, sparking multiple investigations into boeings safety culture. Boeing ceo, dave calhoun, who took over in 2019, after the previous boss was fired, has announced hes leaving at the end of the year. But who will take on the role, now described by some as the toughestjob in Corporate America . Some shareholders want to see a new face from outside the firm. And there is another bone of Contention Boeing Has disclosed mr calhoun was awarded a pay deal of almost 33 Million Dollars this year up 45 on last year. Thats despite a steep fall in the share price. He may not get the full amount of share options, though, if he does step down at the end of the year. To talk us through what could be a tense meeting, lets speak to barry valentine. He has a0 Years Experience in the aviation industry, and has served with the us federal Aviation Administration. He now
Highest rate for almost a year. Why do you think that might be . And crack down on those Just Stop Oil protesters . The stop Oil Protesters . The governments adviser on Political Violence says groups like Just Stop Oil should be treated like terrorist organisations. But are they going just perhaps a step too far . Great stories today. A lot of smartphones to oh, and smartphones. Were going to be talking to miriam cates mp, who is leading this charge to restrict the use of mobile phones for children, something i am also very much on board with. Are you . Let us know your thoughts this morning. Gbnews. Com forward slash your safer. So the very latest news with sam francis. With sam francis. Very good morning to you. Its just after half past nine the headlines this hour from the newsroom as we heard, the rate of unemployment is at its highest level for nearly a year, while wage growth remains unchanged at 6. There were 26,000 fewer Job Vacancies in the three months to april, while the thr
It is 8 00 a. M. Across the emirates. Is just goneng, it midday. Welcome to Bloomberg Markets middle east. Sinceg the highest levels july 2015. In rising, japanese markets gaining on the back of what happened in the u. S. Overnight. That is what is right. The big news yesterday is that a 121yearold index with questionable ratings made it over round number. Do we care . Take a look at discharge. I prepared for you. It shows the Dow Jones Industrial in white versus the market cap waiting in blue. Weighted00 index is according to caps. The dow jones is a bit different. On a market cap waiting basis, we are not close to 20,000. How much should investors be reading into this . It is psychologically important perhaps, but does it mean anything for the market . Despite 20,000 record in the dow, we are seeing the dollar continuing to fall for a second session, despite the fact that treasury yields continue to rise. Right now they breached the 2. 5 level. Take a look at the chart. We are seeing