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CNBC Worldwide Exchange July 13, 2024

Up it is march 12, 2020 and Worldwide Exchange begins right now. Announcer this is cnbc breaking news, market selloff good morning, im Courtney Reagan live at the marketsite in times square this morning. Stock futures set to extend the selloff take a look at futures dow jones indicated lower by more than 1,100, s p down 130 and nasdaq more than 82 points testing these limit down numbers where we have a mechanism in place to keep us from falling further. Yesterday, the dow lost 1,400 points to close in bear market territory. Down more than 20 the s p 500 just above bear market levels. If the s p hits 2,709, it will be the fastest drop on record. We are set to hit that level at the open the 10year level trading below 1 at 0. 39 . The 30year at 1. 2 . Oil falling and hovering around 31 down almost 5 it is really not just red in the u. S. , it is red across the board around ....

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CSPAN3 Former Australian Prime Minister Tony Abbott On Strategic Balance In... July 13, 2024

Captions Copyright National cable satellite corp. 2008 for years now, its been assumed that americas destiny was to be overtaken by china as the Worlds Largest economy, and that may still happen, but actually its chinas economy that now seems under pressure in the face of robust american efforts to stop china taking advantage of the free trade that it never practices itself. The people who know china best, the rich china, cant wait to get their money out and their kids educated in the west and the people of hong kong who are risking bloody repression of support of their British Heritage dont trust the goodwill or longevity of the communist regime. For years its been assumed that globalization under pinned by free trade was unstoppable and unambiguously good. Even though it was much more obviously good for the rich ....

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CSPAN Former Australian Prime Minister Tony Abbott On Strategic Balance In... July 13, 2024

Minds. Lets turn it over to you, tony, and get it started. [applause] abbott walter, thank you. Thank you, ladies and gentlemen for being here. It is always good to be in washington and at the Heritage Foundation in particular. I have a speech which i am going to deliver. I have worked on it. I think it is important that i give you the speech i have written. Thate just begin by saying america is the indispensable country, the only country on earth with the strength and the consistently beat the free world. I like to think that australia is americas indispensable partner. The one country that america can always rely on for help when America Needs it. So with those introductory notes, it is straight to the Heritage Foundation. Back in november of 2014 when australia hosted the annual meeting of the g20, it was by ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

Daybreak asia. Thisr top stories wednesday, new questions about President Trumps many deal that says chinas higher purchases of agricultural goods depend on a reduction in u. S. Tariffs. The imf cuts its outlook for the fourth straight time. And sterling reaches a new high on high optimism about a new brexit deal. Shery breaking news out of south korea. The jobless rate ticked up to 3. 4 in september. The estimate was to gain from 3. 1 , so the Unemployment Rate higher than expected. We have seen weakness in the private sector, south korea very exposed to trade tensions and slowing global demand, although we have seen passage of that extra budget in august, which could provide support for labor markets, but so far september unemployment at three point 4 . Australian markets just open. Lets turn to sophie. Sophie. Sophie sherri, shares in sydney are breaking ground, advanc ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

Hong kong recoils from one of its most violent weekends yet. Vandals attacked across the city. More pressure on president donald trump, he may be faced by a second whistleblower as impeachment drama moves on. Kathleen lets get onto the asian markets. A bit of an update on the u. S. On friday after the jobs report was good enough to make investors by more stocks. How does asia look this morning . Thana after that better expected u. S. Data ahead of the weekend, it looks like the focus for investors is squarely back on trade with the latest headlines saying the china side is looking to narrow the scope of discussion, not providing any positivity ahead of the talks. It is looking like asia trade will get started to a muted and mixed open. China and hong kong markets are closed in australia is on holiday, which is why we might see some trading. Last week, the nikkei fell 1. 5 . Osby futures fell last week. To the trade headlines, markets are digesting the hong kong protests dragging on as ....

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