Lets get a check in on the markets. European equities are pretty flat. The stoxx 600 struggling for direction. You heard and the headlines, three key things we heard. The dovish message from Jerome Powell reiterated and we got better than expected data in terms of retail sales and factory output, pushing the 10 year yield up. It also pushed the dollar higher and we hold on to those gains. The question as whether President Trump can have the weaker dollar at the same time as a strong economy. And can he have gains in stocks as the same time as a trade war continues . As you made those comments, the s p 500 took a hit, dropping for the first time in six sessions. Coming up, we speak to the oecd secretarygeneral. Dont miss that interview live. Lets get bloomberg first workers. Word news. The u. S. House voted to condemn comments from donald trump that are racist. Week, he tweeted for congresswoman should quote go back to where they came from. Trump says he is not racist and does not have
Pricing in less than a 50 chance of a cut and fewer cuts for the year as well. Looking at where we are for the asia thing index, extending gains to about. 5 . Xaomi jumping on early signs of success for its ev. It received 90,000 orders within the first 24 hours. In china, no momentum after it rose the most in about a month on monday. Two sets of data suggesting his recovery. Currently, the csi index down. 2 . Speaking of china, it is about the yuan. Versus the usd, weakening ever so slowly, which we are keeping a watch on. We had weakness persisting despite yet another strong fixed by the pboc and speaking of currencies, the yen on watch as well weakening towards 152 versus the usd. The finance minister tried talking about, but nothing we have not heard before. Speaking of japan, japanese officials were ramping up warnings against speculative moves in the yen. Lets discuss prospects for intervention with our guest this hour who is synonymous with imaging and Frontier Markets investing
Some gains at the open expectations are high for the chip makers results after the bell watch apple. The midst of a sevenday win streak with a gain of nearly 13 so far this month. Lets begin, though, with target down sharply on this Quarterly Earnings miss and a sales decline. The retailer did say customers cut their spending on discretionary and grocery. Company did reaffirm fullyear guidance, jim. They guided comps down and came in 3. 7 when you talk to brian, hell be insistent that this wasnt anything that you should find unexpected the thing that im struggling with is he talks about the consumer, in tepid terms walmart didnt walmart told about a consumer thats in good shape and price rollbacks. We didnt get price rollbacks from target until this week. So, im beginning to wonder whether target is out of position versus walmart. Where walmart is really starting to walmart plus represent a bargain. Walmart can also subsidize sales because they have this terrific advertising business t
Fatal crash. Crews reach the site of that downed chopper in iran overnight. The countrys president and another top official confirmed killed. This morning, the investigation, the reaction from the white house, and what those deaths mean for a region already on edge. Well have all the late breaking details. Wild weather. A new round of destructive tornadoes ripped through the nations midsection. While parts of texas still dealing with Power Outages from storms there, brace for brutal heat and humidity. Temperatures soaring into the triple digits. Campaign clash. President biden and former President Trump both hitting the trail, biden courting black voters in key battlegrounds. Youre the reason, donald trump is the defeated former president. And youre the reason. Donald trumps going to be a loser again. And donald trump urges gun owners to support him at the lets be rebellious and vote this time, okay. The latest on the 2024 race, and trumps criminal trial with the verdict possible as ea
Comment period. There will be a opportunity for general Public Comment at this meeting after we do not have closed session today and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken in person and remotely by callin. For each item the board will take Public Comment first for those in person, and then from people attending the meeting remotely. Comments are the opportunity to speak during Public Comment period are available by phone by calling 4156550001 access code 26608513617 then pound and pound again. When connected you will hear the meeting discussion but you will be muted and in listening mode only. When your item of interest comes up, press star 3. The best practice is call from a quite location, speak clearly and slowly and turn down your tv or radio. We thank you for joining us. Thank you. Madam secretary, call the next item. Item 3, general Public Comment. Reminder Public