Good morning and welcome to daybreak era. Lets get to the stories that set your agenda. President biden calls on israel to let in more aid into gaza or bring the u. S. Military to boost humanitarian assistance to the territory. President biden im directing u. S. Military to establish a temporary period in the mediterranean on the coast of gaza. And to receive large shipments and temporary shelter. Kriti fed chair Jerome Powell telling congress the central bank is not far from the confidence needed to ease policy. Right here in europe, ecb president Christine Lagarde signals the bank may cut rates in june. It warns tiempo geoPolitical Risks should not be ignored. I want to quick check on the markets. Weve got the geopolitical situation coming up of off of President Biden in his state of the Union Address overnight. What that means for futures is a little bit of positivity right here in europe. Euro stoxx 50 future desire. Ftse 100 higher. Lets cross the atlantic where you are not seeing
Recouping that april route. This is thanks to fed optimism, as well as pretty Solid Earnings out of the u. S. As we saw overnight, u. S. Stock string of gains has stalled. Asia stocks, a struggle for direction and the clients are being led by japan where we are seeing strength is in the u. S. Dollar. Thats putting pressure on u. S. Currencies. Put the board. I wanted to show you some of the stocks we have been putting it keeping this is a repair firm in south korea, and it made its trading debut today and a splash. 45 gain at one point. This really helps to cement south koreas presented position as one of asias busiest venues for fundraising, especially after a slew of reforms to unlock shareholder value. The other stock we have been watching, nintendo, we got earnings in a week outlook slumping by the most since february. But in general, tech shares in asia have been under pressure today as their u. S. Counterparts struggle for gains overnight. Thats what the board because as we searc
Democrat president ial candidate Robert F Kennedy junior teaseds making a major announcement on monday, specu fueling speculatit he will run as an independent. Nbc is reporting that biden met with Hillary Clinton at the white house last month and she, quote, pressed biden to take the Third Party Threat seriously. Third party threat. I dont know if a third party would take votes just away from biden or would rfk junior take votes from both of them, lee . I think rfk takes votes from both. Maria thats what i think. West is probably more of a dynamic where he pulls from biden. Rfk, though, is still that stands for a kennedy, thats Robert F Kennedy, junior. Even though hes been putting out a populous message that would appeal to disenfranchised democrats and people who might otherwise potentially vote for President Trump, he is still a kennedy. So i think that the point is certainly well taken on that one. Maria theyre not giving him the time of day. The democrats have been clear. Bidens o
Shery welcome to daybreak asia. We are counting down to asias major market opens. Haidi asian markets are set for a cautious open ahead of the fed, with bets piling up on higher for longer rates. Treasury yields are getting some of their highest levels since 2007. Oil prices giving u. S. Housing makers a headache before wednesdays fed meeting adding to inflationary pressures while curbing growth. Indonesia pushing it critical deal with the u. S. As the green transition accelerates. We hear exclusively from their president. Shery the newest futures muted as we saw stocks and bonds falling in new york. The s p 500 down to a three week low. It is the eve of the fed Rate Decision and the bets are that centralbank policy makers will deliver. A hawkish hold. Of course we have Higher Oil Prices and you can cwt i at the moment above 91 a barrel. Brent just touched 95 a barrel at one point. Every time we have had Surging Energy costs we have seen the u. S. Tip into a recession in the mid1970s,
And freezing conditions at this years french open as players swap tennis whites for leggings and jumpers. Good to have you with us. The New York Times says President Trump paid just 750 in federal income taxes in the year he won the presidency. The paper says it has obtained two decades of mr trumps tax records after a long battle by the president to keep them private. Theyre reported to reveal chronic financial losses and years of tax avoidance. Mr trump dismissed the report as fake news. Our north america correspondent peter bowes reports. Once again, donald trump and his tax returns, the story that has dogged the president ever since he announced he was running for office, and long before as a businessman. Now the New York Times says it is obtained tax return data from mrtrump obtained tax return data from mr trump dating back more than two decades, along with the hundreds of companies that make up hundreds of companies that make up his Business Organisation and detailed information