In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
Between 5. 25 and 5. 5 . Months ago, many had forecast that this rate would be ready to cut around now but the latest Inflation Figures have dampened expectations as prices rose at 3. 5 in the year to march, which was higher than the february figure of 3. 2 . The feds target for inflation, like most Central Banks, is for 2 . So still some way to go. And those price rises are feeding into some wider negative sentiment. The latest report from the economic think tank the Conference Board shows that Consumer Confidence is falling with people more downbeat about future business conditions, jobs and income. To delve into that report joining me now is sara murray global managing director at the Conference Board international. Thank you forjoining us today. Take us in to the mind of American Consumers right now. How are they feeling . As you said, confidence has deteriorated to the Conference Board run the Consumer Confidence index and have been doing it for over 50 years and it has gone down
Intelligence help hedge funds outperform . We will break down the results later this error. Let us check on the markets. The good news is bad news today, the job strength in jobs performs shows job openings were higherthanexpected enemies we are down on the nasdaq at the moment. We saw a little bit of buying yesterday maybe some profittaking. We are looking at the 10 year yield higher by 10 basis points. The 30 year at the highest since 2007, getting calls for a 5 level and we are looking at strength in the u. S. Dollar with maybe a fed having to remain hawkish. This is the strongest the dollar index has been in about 10 months. What does that mean for another key asset . We are up by 1. 1 for bitcoin. There was some buying yesterday so is it profittaking or it looking toward the trial to Sam Bankmanfried . We know he is facing charges that he swindled aliens of dollars from his crypto platform. He swindled billions of dollars from his crypto platform. Tell us exactly the state of play
Catherine heenan and im Vicki Liviakis. Today our nation takes a moment to pos and thank our veterans for their service. The annual National Veterans day observance was held earlier today in washington, d. C. It was a somber, rainy day at Arlington National cemetery with President Biden in egypt, Vice President Kamala Harris laid the wreath at the tomb of the unknown soldier. Harris then spoke at a gathering honoring the nations veterans, calling them the best of america. To be a veteran. Is to have truly the true cost of freedom. And to have worn it for all of us. Is a debt. Always be remembered. Yet, despite their service and their sacrifice, countless veterans still face a harsh reality. They dont have a place to call home. And this is according to the California Research bureau, San Francisco has the 6 highest number of Homeless Veterans kron fours theresa takes a closer look at that problem. And whats being done to try to turn things around. For for me, whenever i think about vete
Sbill have to do a runoff that comes up next month. Still a lot happening there as well. So heres a look at the house of representatives tonight. Republicans are inching closer to retaking control. You can see here the Associated Press is reporting the republicans so far have won 211 seats to 203 seats for the democrats. It takes 218 to get a majority and there are still several races that are too close to call at this hour. And it could be several days before we actually know which party will take control of the house will have more on that coming up later on in the meantime, in the east bay, several gunman, russian rob a Jewelry Store. San pablo police saying that the hb Jewelry Store in the San Pablo Town Center was robbed today by masked men. Police say the robbers then got away. Theres no word tonight on any injuries in it. Still unclear how much jewelry was actually stolen. We will, of course, continue to follow this story on air and online at our website. Kron 4 dot com. Also in