Momentum, court . We heard about a lot organized retail theft i was there as Law Enforcement broke up rings after rings steal from stores and resale online. We have some amazing video to show you but first a quick check on the markets here at about 2 00 as tyler said, the markets more or less shrugging off that cpi report that came in in line but still hot, i would say nasdaq composite leading the way again up by 1 s p 500 higher by . 9 shares of nvidia bouncing back strongly today yesterday we told you the stock had fallen 10 from the peak it had hit on friday morning. At 974 a share. So right now just a touch over 900. Meta also rebounding today, getting back much of the ground it lost yesterday when former President Donald Trump called it an enemy of the people lets bring in a friend of everyone, Michael Santoli now for more on todays Market Reaction to the cpi. No enemies. Hey tyler. Hey, mike. The core cpi was warmer than expected and the market had a little wobble on that. In gen
A georgia grand jury indicts former President Trump charging him with felony and racketeering the defendants engage in a criminal racketeering enterprise on the record, ron desantis talks to cnbc exclusively that bob iger should drop his lawsuit and talks tough on china i view them as an adversary you have to deal with a lot of people that is not the direction we need to go now, good morning. There is a lot going on in markets this morning ill highlight the top stories we have been talking about in the last hour or so. First, lets start with china. China Central Bank Cut the onemonth loan rate by 10 percentage points. Earlier, the Chinese Central Bank did cut the key rate in the oneyear rate to another set of weak Economic Data coming in and Russia Central Bank hike to 12 during the emergency meeting after a plunge in the ruble. The central bank warned pressure is building in the economy and that is the reason they did go for the aggressive rate hike 350 basis points from russia throug
Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens and the top stories this hour. Wall street shrugs of another harder than expected u. S. Inflation reading, the data doing little to alter bets that the fed will cut rates this year. Haidi japan is set to unveil which negotiations. Annabelle australias Wine Industry is cautiously optimistic amid reports that china has proposed lifting tariffs on the countrys wine. Kicking off with some breaking data, south korea releasing its jobless figures for the month of february. That reading has come in lower than what economists had been expecting. The reading is 2. 6 . We are below the postpandemic averageyear of 3. 3 sort of seen as the National Rate of unemployment at least by, our Bloomberg Economics team. Importantly, the reading of 2. 6 is below the average for economists and even the ra
Increase wont come. Lets not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. Joining me now is Neil Shearing group Chief Economist at capital economics. Thanks very much for being with us today. Clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped . The fall in the Headline Rate of inflation, as you say, thats going to be welcomed by the Bank Of England. It takes a bit of pressure off them. But when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. As you mentioned, a lot of the fall in the Headline Rate, that is driven by what has happened to food and Energy Prices and that is out of the banks control. Interest rates dont tend to affect the price of our energy or food. Those are set in global markets. What they do affect his conditions in the real economy,
It is in the athletic, for our reporting has reached an agreement. Tom this is a big deal. How does a franchise pick it up . This is a seismic deal for english football. Explain for our audience in america that doesnt understand. Jonathan accepted a 100 million euro offer. Lets see if he accepts that. He wants to win trophies and it looks like he has to buy munich to do it. I think he is Something Like 51 goals behind a phenomenal goalscorer to become the top scoring stryker of premier League History and he is going to leave potentially before he reaches that. Tom one quick question. Explain Bayern Munich compared to ac milan compared to paris. Jonathan delete. Delete. Elite. Tottenham does not come close to that. Tom i will call you back. Bye. Lisa i am surprised it was not a bigger reaction. Jonathan i thought it would be, too. Lisa you said you are going to break something. I knew that henry kane must have left. Jonathan let me try that again. From new york city, good morning. This