Restarting next week thathelped things in asia. In europe, its a bit of a mixed picture. The dax up by 0. 1 you do see red arrows for both the cac and the ftse the ftse, well talk more about Boris Johnson who will become the Prime Minister there today ftse now down about 0. 8 stocks are flat in italy and in spain. If you check out the treasury yields here in the United States, you will see this morning the tenyear is yielding 2. 057 the big story of the morning, shares of Big Tech Companies like google, amazon and facebook, theyre under pressure after the u. S. Justice Department Said theyre opening a broad antitrust review of Technology Firms the review was scrutinikru desie if these companies are stifling information and harming consumers. The Justice Department does not name specific companies, but it is likely to encompass google, foos facebook this is the real first shot across the bow by william barr and the doj. You know you have the democrats, you have the republicans also afte
Treasury secretary janet yellen said the United States is monitoring potential economic effects from israelhamas war but has yet to see significant impact. She said the u. S. Is not ruling out the possibility of new sanctions for iran and hamas in light of the attacks on israel. Sec. Yellen i have seen firsthand the progress morocco is making to recover from last months earthquake. The decision to proceed in marrakech is a testament to the resilience of the moroccan people. The United States is committed to supporting the government of morocco to if yes Recovery Efforts as morocco works to provide immediate lifesaving humanitarian assistance to those in need. These are also the first annual meetings in africa in 50 years. It is fitting we are here since africa will shape the future of the Global Economy. Before highlighting the priorities for this week i want to address the horrific attack by Hamas Terrorists in gaza last saturday. The United States condemns the attack in the strongest
Headquarters. Lets kick off this morning with breaking news out of south korea. Rosemer prices in july 0. 2 from the previous month. Economists estimated a rise of 0. 2 . Looking at the yearoveryear change prices, it rose 7 10 of 1 compared to estimates of 0. 7 . It is coming in line with estimates. Modest Inflation Numbers have been the norm for south korea facing challenges of sluggish domestic demand. Inflation has remained below the Central Banks target range for over 30 months now. That target range over 2. 5 . Members out of south korea showing inflation data rising 7 10 of 1 on a yearly basis. Lets check in on markets in asia this morning. To new Zealand First where we are waiting for the commodity price numbers. We are seeing a trending down 90 after some momentum for new zealand stocks. The new Zealand Dollar spot at. 6568. We are counting down to the openings of japan, south korea and australia. We are also waiting for data on japans monetary base. It closed down 2 10 of a pe
In addition, it is hard in the circumstances to be an entrepreneur when you are outside the foremost Financial System. It is difficult to gain access to capital or form a business when you lack basic Financial Services but the good news is that many nations have made commitments to expanding Financial Service services for the poor and they understand that it is vital to Economic Development and social inclusion. As a result, they are developing Financial Inclusion policies and implementing a new framework that encourages inclusion. Today, robin lewis, john and myself are wanting our third annual Brookings Square card metering progress on Financial Access and usage with the support of the bill we have embarked on a threeyear study of inclusion in 26 developing countries. The short summary is that weve seen progress on Financial Services in many places and there are efforts to help marginalized populations and this is happening through mobile money and digital Financial Services. As part
Forget, they have been going up and up forget, they have been going up and upfor forget, they have been going up and up for days it would seem. We will talk you through the winners and the losers. Well meet the man who bought a failing factory and turned into a thriving Business Feeding Babies around the world. Plus a new device has been launched to muzzle noisy phone calls in the office. What most distracts you at work . It is called a hushmie and it cant be used by presenters im told in the last few hours weve heard President Obamas Farewell Speech with just over a week left in charge of the worlds biggest economy. Today his successor donald trump will give a long awaited Press Conference, his first since winning the white house in november. There are still questions about how he will separate himself from his vast Business Interests. In his latest disclosure the President Elect revealed interests in 144 companies. These have had dealings in least 25 countries in asia, europe, africa