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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240712

Rules, but its a hollow victory thats unlikely to change either sides position. New subscription bundles, hoping to take a bite out of amazon prime. As expected, keep the upcoming 5g iphone under wraps. Check of theget a markets. We are seeing u. S. Futures opening flat. This after we saw u. S. Stocks closing higher. We have gains in Technology Shares helping offset the slide we saw in financial. This ahead of the fed policy decision coming up on wednesday. The s p 500 rose for a third consecutive session, closing at the highest level in more than a week. It was led by communication services, real estate and Consumer Discretionary shares. The nasdaq is gaining more than a percent. We have the bloomberg dollar index falling to the lowest level in more than a week. We are expecting a dovish stance coming from the fed. We did get the data today showing modest recovery in the u. S. Industrial rebound faltering and august, but tomorrow we get those august retail Sales Numbers that will cont

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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240712

Covid vaccine trial has been put on hold after a patient suffered a serious reaction. Australian corporate earnings set for a tough recovery after their worst slump. Will be asking about the challenges ahead including tensions with china. Shery lets get a quick check of how markets are trading. We are seeing u. S. Futures again under pressure. Down 7 10 of 1 . This as we continue to hear more reservations coming from these vaccine makers. We heard from astrazeneca after the close. We already had some skepticism over what happened to those vaccine approvals. We also had the text selloff accelerating. We saw the s p 500 sinking to a four week low. Not to mention ongoing u. S. China tensions. Every sector on the s p 500, 11 of them were down, led by tack and energy. We had the nasdaq composite losing more than 4 during the regular session. Take a look at some of the biggest decliners. We have tesla sinking almost 20 . This after shares were not added to the s p 500. A had news that rival

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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240712

Profit increase as iron ore holds up amid the pandemic. Relations go even further. China says attacks on tiktok were bullying and rejection of fair competition. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening flat after the s p 500 and other major indices ended the session mixed. We had a rally in Technology Companies with the nasdaq gaining 1 . Selling off sos the s p 500 was dragged a little lower. Still closing at the highest level since february. The third time in the past week that the index topped above its february closing record during the session, but ended below it. Still up more than 50 from its march low. We did get more positive ecodata. A gauge of Builder Sentiment jumping to the highest since 1998. Take a look at oil because that positive sentiment over the economy taking oil for a five month high, all the right now under pressure. Wti now headed towards 42 a barrel. See how things are shaping up, here is Sophie Kamarud

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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240712

Kong and shanghai. 5t includes valuation of 22 billion, more than aramcos record sale. And polenta here is also going public. There were none the most valuable private companies. It could be silicon valleys biggest listing since uber. Shery we are seeing u. S. Futures coming online much flat after we had major u. S. Benchmarks ending the new york session mix. Investors are and waiting for fed chair powells speech thursday about the longawaited framework review. Dow was pressured down. 2 , declining for the first time in four days. Gains andung between losses but managed to reach an alltime high for the third consecutive session. Six sectors were higher, five lower. Energy was actually a drag on the s p 500. Take a look at what oil is doing. Pretty much flat right now. This of course after surging to the highest level since march. Not to mention gasoline futures were also at the highest level in five months. We have hurricane lower rattling towards the u. S. Gulf coast. More than 80 of

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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240712

You can look at brennan and comey and klapper. We caught them spying on our campaign. This was an illegal act like no other illegal act. This was treason. This was at the highest level of treason. And obama and biden got caught spying on my campaign, using intelligence agencies of the United States government to do it, both before and after the election, so before the election, then after i won, they continued. It is totally illegal activity. But as far as pamela is concerned, shes a big tax funds, a big slasher of for our military, and shes got a lot of difficult things that shes going to have to explain. Plus she was very nasty to one of the reasons that surprised me, she was probably nastier than even pocahontas to joe biden. She was very disrespectful to joe biden and it is hard to pick somebody that is that disrespectful. She said things during the debates, during the democratic primary debates, that were horrible, about sleepy joe, and i would think he wouldnt have picked her. Ye

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