A Small Chinese companies by tightening restrictions and slowing down their approval process stocks in Mainland China fell to the lowest in almost a month as the u. S. Further escalates into the planned trade talks discussions this opens up a new front that we have not seen yet in the china u. S. Conflict the big question now remains are these just loose headlines and make threats from the white house using capital flows as a bargaining chip or is this a real threat while a treasury official reported over the weekend that there are no immediate plans to eventual u. S. Companies from listing the market is not reassured as the source also said that there is no time frame for their implementation and a crackdown can come without warning there are now at least 2 bills circulating in congress that could result in capital controls if passed markets now see a lot more downside in this new front a limitation of u. S. Pension funds to tinys markets with the massive portfolio swings thats the. D
In the s p 500, fundamentals deteriorating for the store maker. Guy lets get to our top story. U. S. Growth is slowing in the First Quarter but not as much as analysts anticipated. Consumer spending plus gdp growth to over 2 despite a drop in investments and exports which will probably worry the fed. Joining us now on set. Afternoon. Guy the dollar up six days in a row. It seems to be a tough trade right now. How will that change . As things stand, there is little to change it. When you think about this data that we saw this morning, it confirms the fact that the u. S. Economy is doing well. There are pockets of weakness, but for the most part, the u. S. Is doing far better than the rest of the world. As things stand, even if the fed cuts rates, the u. S. Dollar is still going to be the highest field. Few larry kudlow amount a minutes ago and said that u. S. Is not going to intervene in the Foreign Exchange markets. Was there serious thought that the white house was considering it . Yo
Income fell less than expected. Shery lets get you started with the quick check of the market close. A risk on that with the s p 500 rallying 1. 5 percent. Every sector was in the green. Investors had a lot to digest, from positive trade headlines in hong kong and argentina, not to mention a strong economic number. Wen it comes to the s p 500, saw the makers and sellers of toys and clothing and electronics really surge after President Trump delayed that extra 10 tariff on additional chinese goods. The nasdaq also gaining almost 2 and the dow rallying more than 370 points. The trade headlines came a little bit after we got those ,urprisingly strong cpi numbers to avert the argument that we could continue to see the fed cutting rates. Futures at the moment unchanged, but lets see how they react as the trading continues in asia. Sophie we are set to echo some of that tariff delayed relief futures in asia, a busy day for earnings and data. Unaudited cash profit coming in additionsnk said w
Obviously, a nice gain here as we rebound from yesterdays selloff the dow is up 265. Best day here since about the middle of june for the s p all sectors higher for july, boosted by names like twitter and micron on the past month the feds rate cut and earnings at qualcomm, though, top of mind for investors as we go into the first trading day of august. Still, our next guest says, remain overweight in tech until the next bear market jim paulison joins us along with our own mike santoli good morning, guys good to see you. Good morning, carl. Jim, youve been pretty constructive here. Obviously, youre not thrown by numbers like what ism gave us today. I actually think the data has by and large here been pretty good for the united states, carl you know, personal consumption, real personal consumption growth in the First Six Months of this year was up over 4 annualized pace its just bizarre to be talking about a weak economy with one of the strongest sixmonth consumption periods of the entir
Championship at royal portrush well have the very latest from the bbc sports centre. Good morning and welcome to the bbc news at nine. 17 people have been injured, some seriously, in what Police Describe as a horrendous car crash in hertfordshire. Two vehicles collided yesterday evening at a car event in stevenage, hitting spectators watching from the roadside. The images pausing just before the moment of impact. You can clearly see from the images, many people standing watching this car cruise event before this tragic accident unfolded. We are going to be live in steve na g e unfolded. We are going to be live in stevenage very soon. 2 million Public Sector workers are reportedly set to get a £2 billion pay rise. The plans are set to be unveiled as one of theresa mays final acts as Prime Minister. Its the biggest Public Sector pay rise in six years, which comes following concerns that salaries are rising faster in private sector. Lets get more on this from our Political Correspondent