Valuation of 60 billion. And caught on camera the u. S. Has just five weeks to rip out banneity equipment d security equipment. Launching an investigation into frances tax plan potentially leading to more tariffs, but first, lets get to our markets close. U. S. Equity markets really lifted throughout the session. At one point, the s p 500 topped 3004 the first time ever, although we did get a pullback from those Early Morning gains with financials and also industrials weighing on the index, but of course, and narrative today was all about testifying with the House Financial Services committee. Investors pretty much focused there, but we are not done just yet. Chairman tomorrow, powell testifying in the senate. Not to mention that we get ecb minutes and u. S. Inflation numbers. We are seeing u. S. Futures unchanged. Lets see how we are setting up for the markets in asia. Sophie asian stocks are set to broadly track wall street gains, they areigher even as one of her broad trade battle w
Good morning. There should be lots of dry weather around today with some warm spells of sunshine for most of us as well. We just have a few showers around this money to clear away but i will have all of the details for you and around quarter of an hour. Its sunday 14th july. Our top story. One match away from making history. England take on new zealand in the mens cricket World Cup Final at lords later today. Its their first final since 1992, and neither team has ever won the trophy. Mike bushell reports. Come on over its the biggest game so far for england, come on a cricket home world cup comes along once in a generation and the england squad certainly have not let this opportunity slip through theirfingers. After crashing out of the group stages four years ago, 27 years have passed since england were last in a World Cup Final. And they now stand on the brink of winning one of sports top honours for the very first time. It means a huge amount to me and to everybody in the changing ro
As we head into sunday and thats 82 in fahrenheit a bit further towards the south theres plenty of showers here some rather heavy ones over parts of cuba jamaica and into his spine yoga and then plenty of them as you head further south to so forth in venezuela and into colombia loss of what weather here and that stretches of further towards the west as well for south america plenty of sunshine here actually over the next few days so for 14 days it will get to around 30 and 40 in rio we should get to 27. 00 it is cooler in the south so one is always will be struggling our maximum temperature will be around 70 but thats about what you should expect at this time of year for the west for us in santiago will be around 19 or 20 at least theyll be a good deal of sunshine here little bit for the south the clouds will be building a methyl bring us some showers. Wrong which would be the one people who took mosques in christchurch using what i want to use to gay people or could have done more to
We are counting down to asias major market opens. The top stories this hour, u. S. Stocks sink to the lowest since early june as Consumer Confidence tumbles and volatility ratchets up. The dollar extending gains for a fifth day. The empty seat sues amazon accusing them of monopolizing online Marketplace Services and overcharging sellers. A likely end for sherry of chinas ev subsidies. The s p 500 fell in the u. S. Session with the slump deepening in the afternoon. It is on track for the worst monthly performance of this year. Tech giants declining again. We also had the vix topping the 200 Day Moving Average at the highest level since may. We are following the developments around tesla with sources telling us the eu antisubsidy probe into chinese cvs will focus on to what extent and whether chinese china has subsidized tesla and others. Consumer confidence slumping. Traders had to think around what that actually means for consumer facing stocks Going Forward as treasury yields drifted
What is going on out there. Continues for the s p 500. This is 1172 on the bloomberg. At what has been boom,on since the dot com 1989. Expecting the index to hit 2800 by the end of the year. This is the s p 500, the blue arc showing the dot com bubble. A little under half an hour away from the open of markets. Look at what is going on. David, is there any real theme today so far . Gains, except for korea. Gdp at of india, pmi out of china. Here is a flavor of the equity markets. Everything but korea. Samsung, downn to over 3 . Morgan stanley cutting their call on the stock. Blue line is your consensus price target. You take the median there. 2. 68 is the stock price right now. Here is the spread between the two. The other thing i want to point hiking rates for the first time in seven years. This is the chart. We have seen the three year yield and the repo rates widen. Bond markets are saying they better hike. Another thing happening thursday , opec setting to extend the output cut. Ope