Group operating in the area has the resources and proficiency to act with such a high degree of sophistication. Secretary pompei also cited video that he said showed iranian sailors removing a mine from the side of the japanese tanker but on friday the president of the company that owns the kuka said the crew saw flying objects and not a mine caused the damage and that a mine was never attached to the side of the ship Company President you too could qatada said to put a bomb in the side is something that we are not thinking multiple outlets also reported that iranian soldiers helped rescue tanker crew members the attacks and Global Oil Prices higher with benchmarks for brant crude in west texas intermediate increasing by more than 2 percent on thursday. Moving from the middle east to China Industrial output there has recently reached a recent record low the latest official figures put factory output at just growing at just 5 percent year over year in may the weakest growth figure in 17
A bold claim about the attack on thursday and who he believes is behind it. It is the assessment of the United States government that the Islamic Republic of iran is responsible for the attacks that occurred in the gulf of oman today. This is based on intelligence the weapons used the level of expertise needed to execute the operation recent similar rating attacks on shipping and the fact that no proxy Group Operating in the area has the resources and proficiency to act with such a high degree of sophistication. Secretary pompei also cited video that he said showed iranian sailors were moving a mine from the side of the japanese tanker but on friday the president of the company that owns the cook said the crew saw flying objects and not a mine cause the damage and that a mine was never attached to the side of the ship Company President you too could qatada said to put a bomb in the side is something that we are not thinking multiple outlets also reported that iranian soldiers. Helped r
Again. We will break down the logistics with craig fuller. And the consumer check in, seconds away from retailers reporting next week. We will get instant analysis with the woman behind the survey. From new york, i am kriti gu pta. It is a summer friday and both sides of the atlantic would of getting economic guy guy data thats moving the markets . Absolutely, and in some ways, its more important data today than yesterday. Todays data is forwardlooking particularly the ppi number but also the data that is dropping on the screen now which the you which is university of michigan data. Its a longer term Inflation Expectation the people will Pay Attention to because the fed will think about this. The 510 year inflation number drops from three pointto 9 . More broadly, sentiment is 71. 2 and dips in line with expectations and current conditions, 77. 4 and takes it higher. The expectations number dips to 67. 3. The concern at the moment is that we are in a situation where we could see inflat
Monday. If youre on your way from the east bay towards orinda in that caldecott tunnel, lets take you over the peninsula. And spits pretty much the same the, as welluas san mateo from haywao foster city and vice happy monday to you. It ist moving along, though, and we did have an incident on the golden gate bridge. You can see somec flashing lights out there. We had them there minutes ago, but they had a big piece of metal debris. It was lane of the golden gate bridge, about center span. And they were trying to get that out of theren so the marine commuters couldc get in. Looks like that is pretty well clear. Although you can still see some lights out there. So if youre coming in from marin, it might take you a little extra time to get past that. Butuonce youre in, you are in. That is a look time now. Well send it back to you. Thank you. Frank well update breaking news now in San Francisco as the chp is asking for the publics help as it investigates a deadly hit and run on westbound 80
On tv and radio. Im Jonathan Ferro. Tk taking a break, equity market soft, down a 30 on the s p 500. The bowls on wall street getting more bullish. Now looking for 4900 on the 400, the price target set at the end of december. He was bullish and right to be. He raises his price target. City are looking for 5000 by the middle of next year. It is record high watch on the street. Lisa and the potential for a 28 gain this year, the biggest going back to one to 19. Can we get the start of a new bull market given some of the increasing credit contraction, the softening in Economic Indicators check out could this be the start of a new bull market as many are calling for . Jonathan i loved what scott cronin had to say. Clearly we were chasing the tape. Growing conviction in years earnings acceleration is a key point of differentiation. He is looking for earnings to accelerate into 2024. Lisa a key underpinning for a lot of these, more broadly, is that the softness will cause the fed to pivot. I