Caroline bitcoin hits a fresh record since its peak in november 2021. We will have coverage of the market and those meme coins in the rush. Lets first check in on these markets. Bitcoin is up, but the rest of the market trying to digest some of the runup we have seen. We focus in on mixed Economic Data today. The u. S. Showing some Services Weakness and we look ahead to testimony from jay powell, his semiannual experience in terms of the politicians. What will the grilling mean . How much will he be reticent to say that they are looking at those rate cuts anytime soon . We are looking at 1. 8 down. I want to focus on what is happening in china, the tradenames in the United States with a Golden Dragon index, off by 1 as we see a Growth Perspective coming from china. How will they get there . That ultimately what is the debt they are going to be fueling in terms of the focus on a i, on technology coming from china . Not enough to buoy the stocks and chinese names. Looking at the 10year y
We will bring you everything you need to know. Ed we will get the inside look into the Digital Asset industry as the Firm Announces it has raised 500 80 million for new funds. Caroline the ai startup raises 100 Million Dollars to further grow its business. We will have an exclusive conversation with the ceo. Lets check in on markets. We are all looking at what is happening in terms of the fed, the bank of england, the bank of japan as well. The twoyear yield ticking higher. Some nervousness about whether we are expecting a pause later this week. New york crude the Inflationary Pressure point. 92 a barrel, up one point 2 again. 1. 2 again. Even amid the caution and nerves, we are seeing a bid into bitcoin. We are seeing some outsized moves. Still above the 27,000. Ed there is a lot of news driving movers. Apple rallying up 1. 9 . They are trying to make sense of the early preorder data for the iphone 15. The market seems to like what it is seeing. He goes on sale september 22 in this co
Ue of green, mirroring what is happening in the u. S. Without the record. July inest gains sense the stoxx 600. Final estimate for november, headline 1. 5. It has been overtaken by last weeks ecb meeting when the projection for inflation for 2020 of 1. 7 causing many to question draghis ability to maintain that inflation target but inflation, same as the earlier estimate. About economic surprise. This is the economic surprise index from citigroup and for europe. Fascinating chart. The u. S. Fell away through june and went negative showing the data missing estimates on average and now it is boring and both both estimates are roughly around 72. 2. Economic surprises in both the u. S. And the eu marrow in each other mirroring each other. The deal cementing brazil at the heart of the National Growth strategy for the coming years. 90 minutes into the session in the u. S. How is it looking over there . Julie seeing strength as the per the passage of the tax bill gets closer and a Corporate T
Today, chinese authorities announced they will close all bitcoin exchanges by the end of this month. The currency took a massive tumble as speculators thought they were witnessing the beginning of the end. So will bitcoin recover from this . Can cryptocurrencies still prove to the world they can revolutionise and democratise trading . Or are they along with tulipmania and the dot coms of the 19905 an unsustainable economic bubble . Heres david grossman. Bitcoin has many fans but the head ofjp morgan, jamie diamond, isnt one. Its worse than tulip bulbs, he said. It wont end well. Someone is going to get killed. He is referring of course to the 17th century tulip mania that caused some bulbs to cost more than houses. Before the bubble burst. It is perhaps unsurprising that someone who runs a conventional bank doesnt much like something thats been set up specifically to get around the conventional banking system. Indeed one of the reasons for the phenomenal rise in bitcoin and other crypt