The new evidence this morning. Who may have caused it . Deputy National Security adviser john finer joins us live. A party divided. House republicans fail again to elect a speaker. Jim jordan loses support on his second vote. The holdouts not budging. The other option so the house can get back to work. Stunning confession. Jordan van der sloot admitting to killing Natalee Holloway on a beach in aruba in 2005. What the alabama teens mother is saying about her nearly two decade nightmare. Mortgage rates on the rise hitting 8 for the First Time Since 2000. What you need to consider when it comes to refinancing, renting and more. Imposter scams. How criminals are using ai to mimic a loved one in trouble. Whit was shown how its done. You look scared, whit. I am. Thats very believable. The red flags and the one thing families should do to help protect themselves. Netflix . Overnight the streaming giant hiking prices. Is the crackdown on pass word sharing paying off, and could your Favorite S
This is an extension of the relationship they signed back in 2022, which happened just before russia launched its invasion of ukraine. This will be the 40th time xi and putin have met since xi jinping first came to power. So just awaiting the russian leaders arrival there. The talks will take place with the chinese president and we will have more on those pictures as soon as something actually happens. But putin is on his way to that welcome ceremony. In the meantime lets look at how markets are faring. A lot of green on the screen today. Avril this is the post u. S. Cpi everything rally, whether youre talking about stocks, bonds, currencies, commodities, all gaining ground amid those expectations that we will see fed rate cuts as soon as september. We are hearing some of the fed speakers not sounding terribly convinced. That is worth noting, one Economist Says the fixation on inflation out of the u. S. Seems to be prompting an overreaction to the u. S. Cpi print. Still we are seeing g
Data communications, connections and environmental controls, and various other security devices. Companies primarily use the cloud in order to reduce the total cost of ownership, have quicker delivery and better prospects for innovation. The cloud has been the foundation of the Digital Transformation and allows for flexible digital work places and remote work. But the cloud is actually built on top of these data centers. Northern virginia in the United States is the Worlds Largest Data Center Market. But india is quickly becoming the Global Destination for setting up new data centers, due to lower costs, cheaper labor and tax incentives for now, setting up a data center is very cost intensive. As a general rule of thumb, it costs between 61100. 00 per square foot, or 7000000. 00 to 12000000. 00 per megawatt of commission. I to load to build a data center. First, theres the cost of land in the building shell, which is between 15 to 20 percent. Then there are the Electrical Systems which
Welcome to bloomberg markets. Green day across the screen. The s p 500 up and the nasdaq 100 2 higher on the day. Both indices down on the week but the earnings love it hitting the take and the two year yield 30 basis points and whipped sign for the week but below the 4. 80 level. The 10 year below 4. 50 on the day. Breaking ism Services Data crossing the terminal. We have bloombergs mike mckee with the details. Michael if you are trading on the economy slowing down, keep doing it. The ism Services Number comes below 50, the line that is supposed to demarcate between contraction and expanses. Services pmi 40 9. 4, lowest since december. A rebound on for the moment. Production at 50. 9 and new orders at 52 point two, both down a little from where they had been. Employment comes in at 45. 9, still below 50 and just confirms what we saw in the services and overall jobs numbers that we are not seeing a huge job gain in the recent months. The one thing Everyone Wants to look at, 59 point tw
Public service, along with these other television providers, giving you a front row seat to democracy. Federal reserve board chair Jerome Powell outline the Central Banks Monetary Policy before the Senate Banking housing and urban Affairs Committee. He also talked about the state of the u. S. Economy, inflation, Interest Rates, and bank Capital Requirements. This is to 15. Thank you, hows urban Affairs Committee will come to order. Give it again, you can certainly do that. The fed has immense power in shaping our economy. Your job is clear. Promote stable prices and maximum employment. Today, the cost of living is still far too expensive for most americans. The fed has only one tool available to fight those high prices. Interest rates. That tool does nothing to address the real cost, the real cause for why costs remain too high. Corporations price gouging to boost profits and make their shareholders richer. High rates dont force higher Interest Rates dont force corporations to lower th