tried directly to the crypto currency. the demand for these bitcoin funds the began trading in january has bitcoin funds the began trading injanuary has been robust. it is also been expectations that the first rate cut in years could come as early as may. higher rates scare investors away from crypto currencies so lower rates are seen as a positive. while investors are now starting to look at crypto currencies as illegitimate asset class, many wonder if they are still very volatile. bitcoin is worth about $20,000 less than the record high the token hit it back in 2021. staying with the us, former president donald trump has asked the supreme court to keep his criminal trial for trying to overturn the results of the 2020 elections on hold. mrtrump is campaigning to return to the white house this year as a potential republican candidate. one issue that s likely to rank high in terms of voter concerns is the country s relationship with china. president biden has been taking a tou
investors brushed off comments from the chair of america s central bank, jerome powell, who s ruled out an interest rate cut next month. isaac poole, the global chief investment officer at 0reana financial services gave us his outlook on the interest rates and the markets earlier. what we are seeing here is the market really continuing to expect significant rate cuts from the fed and that has helped drive forward returns, as you say, this target was what we were expecting to hit at the end of the year, but we have seen a little bit better than expected economic data is also helping optimism, that earnings growth might pick up a bit in the next few months. so this is all bit in the next few months. so this is all about expectation for rate cuts, mr optimism because of strong earnings? i think it really does reflect rate cut expectations and a growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and
is continuing to fall, raising alarm about the state of the world s number two economy. china s consumer price index forjanuary was 0.8% lower than a year ago, a biggerfall than expected. the pace of deflation is accelerating too, december prices were down 0.3% on the previous year. chinese consumers are struggling with high youth unemployment and the fallout from a real estate crash, hitting demand for goods and pushing down prices. each country needs to look harder into producing the energy they need closer to home, and that s really what we are working on to make sure that we are able to supply europe and the uk with gas and oil these days, and for decades to come. find days, and for decades to come. and et, if days, and for decades to come. and yet. if you re days, and for decades to come. and yet, if you re looking at the international energy agency, they say any new oil and gas fields are inconsistent with the target of 1.5 degrees temperature rise. is he wrong? th
of this fiscal year. the news comes as pressure mounts from an activist investor who s been critical of the company, including its disappointing stats at the box office. the company also narrowed its losses specifically in streaming. disney plus increased prices this fall and lost subscribers over that. but because each subscriber is paying more for the service, its average revenue per user went up. disney plus is streaming offerings include espn plus the focus of a lot of attention this week. the company announced earlier this week that it s partnering with fox and warner brothers discovery to launch a new sports streaming operation with espn this year. and ceo bob iger said wednesday that the company is taking a $1.5 billion stake in epic games. it s disney s biggest move in the game space, yet. another focus of attention, disney and politics again after a very public, multi year spat with and lawsuit against florida governor ron desantis, who accused the company of being l
crash hitting demand for goods and pushing down prices. joining me now is mark williams chief asia economist at capital economics. these figures will not make for welcome reading once again. just looking at the stats there, the biggest contraction since 2009. why? critics succes what is going on here is yellow let s start with. the weeks ahead is yellow let s start with. the weeks ahead of is yellow let s start with. tue: weeks ahead of chinese is yellow let s start with. tte: weeks ahead of chinese new is yellow let s start with. he weeks ahead of chinese new year, is yellow let s start with. me: weeks ahead of chinese new year, we often see quite big changes in prices in china. that s probably tucked down the date forjanuary a little bit but the big picture is that china has been in deflation for a while. that is pointing to widespread weakness in the economy. there is a lack of confidence there and it is notjust consumer prices that have been falling, we have also b