Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o
Summit this weekend, but our eyes are on just two of them. The United States and china. President trump and chinese president xi face a trade war, tariffs, and the question of intellectual property. The talks may be at the conference in japan or in beijing or in washington, but their effects are felt in silicon valley. From china, whed. Hes joining us now. China is the home to vm wares locations. Sanjay is in charge of all of them. Joined by John Schwartz and richard waters. I kind of want a deep review on your most recent trip to china. In the hotel bar, and youre talking with your chinese counterparts, who work for your company, and those who dont, maybe some of your clients, what are they saying behind closed doors . Thank you for having me on the show. First off, it was important an executive showed up, they were getting a sense of who is going to show up here. Low level person or the senior executive. I went there deliberately to reassure first time employees, we care first about
Expected to hear from rail representatives to prevent train accidents. Good afternoon. Today the committee gathers for a hearing to examine the next steps in positive train control implementation. Im glad to convene this hearing on this important issue with my friend and colleague Ranking Member senator cantwell. I want to thank our panel of witnesses for appearing. Mr. Ron batori, administrator of the railroad administration, susan, director of infrastructure, u. S. Government accountability office. Bob, Vice President of Strategic Development web tech corporation. Chris matthews assistant Vice President of Network Control systems. And jim, chief executive officer and executive director of metro. Todays hearing will evaluate progress, implementation of positive train control, ptc and examine the potential challenges in meeting the final implementation deadline of december 31st, 2020. As recent Committee Hearings have highlighted ptc is an Important Technology which has the ability to
Beneficial impact on the u. S. Market. Reporting good results. Reportinghomburger good results. Iance data systems the worst performer on the s p 500. Fed vicechairman Richard Clarida and John Williams reinforcing that the central bank could cut Interest Rates by as much as 0. 5 later this month. Esther, what did you and commerzbank make of the comments from the u. S. Federal reserve federal president this last time for hours . Did it make a difference to Market Pricing and what you believe . Esther while we sought Interest Rate expectations to decline further, we do not think it make a fundamental change. The fed has already indicated they intend to cap Interest Rates at their july meeting. The big question for the u. S. Market, will they continue to cut after the july meeting, or is it just a preemptive cut . To this extent, it did not give more insight. Act indicated they want to early, but whether there are further steps coming is unclear. Perhaps the more Immediate Impact on marke
Worries about growth and demand are outweighing the lift from opecs cuts. Samsung reports earnings that seem sluggish domestic data and export curbs from japan. Shery happy fourth of july. U. S. Equity and bond markets closed on this Independence Day holiday. Lets see how things are shaping up for asian markets. Sophie while our american friends are enjoying their july 4, futures are heading higher ahead of the jobs report due friday, with s p futures topping 3000 early. Ian stocks set for him a mixed end. In australia, we will be gauging reaction to the government devoting income tax relief to the slowing economy. Shery thanks very paul thanks very much. Selina wang. Ina Boris Johnson told the conservative Party Campaign meeting that the split from brussels is key to keeping the u. K. Together. He said he would prioritize u. K. Warnedver the e. U. , but that failure to deliver brexit could split the nation apart. Tory members would choose brexit even if it meant breaking up the united