Has something President Trump does not. That is a central bank he can factor into. When you look at it from a broader standpoint, as the debate continues on to whether or not therell be an economic recession, the president heading into the 2020 reelection cycle by attacking fed chair jay powell, who he nominated. David thanks. We will talk to about that problem with china. In the meantime, lets turn to ben on tax cuts. We had President Trump say he is thinking about tax cuts, including capital gains. Could he do that . Ben it would be very controversial and probably face a legal challenge. The controversy comes from the fact that 86 of the benefits would go to the top 1 . That might not even stimulate the economy. There are conservative economists that think this would have a minimal effect on shortterm economic growth. David the headlines crossing, President Trump saying he has no immediate plans to do that but what about other plans such as cutting the payroll tax. That could make a
Use their National Identification cards as bank cards, the minister of economy said in a press conference of economic officials. In the past, more than 273 thousand billion tomans of budget construction has been paid from the program and Budget Organization and the government has achieved more than 100 of the approved construction budget. One news day , the governments Economic Development is sitting around a table and they are going to report the governments Economic Performance in the field of investment in the field of machinery in the field of capital. Investments in the construction sector and the trend of debt in 2010 have completely changed and in 1401 we faced about 6. 7 investment growth. At the same time, the increase and the decrease in the Unemployment Rate indicate that the total variables of the countrys labor market are moving in a good direction. This team is moving believer in the 13th government for that from majidi, the effort of the 13th government was to correct th
Dani welcome to daybreak europe. Im kriti gupta in london. Lets get to the top stories. A hawkish skip. The dollar climbed as jay powell signals cuts are not on the horizon. Stocks sold off in the u. S. Session. Prepared to raise rates further if appropriate. We intend to hold policy a restrictive level until we are confident inflation is moving sustainably to our objective. Kriti the knife edge Rate Decision in the u. K. After inflation unexpectedly fell to an 18month low. Central bankpalooza continues. Tottenham hotspur chairman daniel levy is open to selling a stake in the London Football club. Lets get it quick check on markets because it is central bankk this is a howell hangover, if you will. Take a look at futures. Anything can happen as we get more information from the bank of england. Euro stoxx 50 futures down 1 . A lot of that is going to be priced in from pain in the equity market. He saw after chair powells comments yesterday, the idea that we ours ticking to hire for long
Years auction, raising money for homeless in san francisco. This is Bloomberg Markets asia. We are live from bloombergs u. S. And asian headquarters. It is just after 7 00 a. M. In hong kong. Some breaking news crossing the bloomberg. South korea current account balance coming in, shrinking for dollars, a9 billion dramatic drawdown from may, close to 6 billion, also revised down to 5. 7 billion. That surplus is widening as well , close to 11. 9 billion. There are signs the south korean economy is doing well. Exports rising coming inflation picking up, so we will see how korea reacts in about one hour. Those meantime, devastating attacks in london over the weekend, days away from the u. K. Election, so we will see how this will impact the outcome. Will terror dominate what happens on thursday. Bull in thed to be a market knowing so much uncertainty lies ahead. Check out equities futures, how they are trading right now, this is the market close on friday. The futures right now are , adin
Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. What is that song . You know this song. I do not know that song. More importantly, welcome back. Thank you. Nice couple days off . Missed you. Glad to be back. Good. Good. Great to have you back. Lets get into the market action. Yesterday we saw some softness around about half a percent down for the dow and s p, a quarter percent for the nasdaq. Only financials outperforming. Banks leading the way up around 1 . It was the regional banks that did best of all. Equities expecting a positive open, but only fractionally about points higher for the dow. Lets look at the tenyear note. Thats a big fact tore watch over the past couple of days. Yields have ticked up significantly. 1. 68 . Just four or five trading days ago we were down 1. 5 . Lots of factors being cited, partly rising european yields, talks of tapers on ecb trading. I cant believe i leave and we get a historic move in the british pound. We have not eve