Will. Two women have thrown their hats in will. Two women have thrown their hats in the will. Two women have thrown their hats in the ring will. Two women have thrown their hats in the ring for will. Two women have thrown their hats in the ring for Pm L their hats in the ring for pm as well as to men. Is there an obvious candidate . Obvious candidate . You got current economic current economic Security Minister whos certainly throwing her hat into the ring. You also have the long time female lawmaker. Its an interesting wrinkle, ive argued for a long time that japan needs a female Prime Minister. If you are liberal democratic party and you are talking about empowering one half of the population, what better moment to name a female Prime Minister than today . I think weve seen having two women who have a decent chance of becoming Prime Minister certainly next year, next month, next is the general election. Its an interesting moment forjapan. Turning to china now, where well get a slew o
The Oil Leaking into the market is probably then gets counted so probably escalation could have gone even higher. I think there is more oilflowing into the market than gets counted. The second important factor, we saw this in earnings is what i would call downstream of the new upstream for the middle east. They have commissioned big refineries, almost plus 2 Million barrels capacities. They are putting almost 1. 5 million barrels more product into the market, which in my view is effectively sending prudent to the rest of the world, so they keep the Oil Prices from rising high. I guess the high Oil Prices is also not good in 0pec Side of unity because then it would start a bit of Non Compliance and other things start happening, so i would say 80 90, more than the price of the price of the market, that is what 0pec is targeting. Speaking of opec, they have lowered their outlook, softer expectations for Oil Demand coming up from china. What is your outlook on that front . I would say that
One, i believe the opec map. The Oil Leaking into the market is probably then gets counted for the probably escalation could have got higher. I think there is more oilflowing into the market than gets counted. The second important factor, we saw this in earnings on what i would call downstream of the new upstream for the middle east. They have commissioned big refineries, almost plus 2,000,000 dollar capacities. They are putting almost 1. 5 million more product into the market, which in my view is effectively sending prudent to the rest of the world, so they keep the Oil Prices from arising high. I guess the high Oil Prices is also not good in opec side of unity because then it would start a bit of Non Compliance and other things start happening, so i would see 8090, start happening, so i would see 80 90, more than the price of the price of the market, that is what they are targeting. Speaking of opec, they have lowered their outlook, softer expectations for Oil Demand coming up from c
From Chairjerome Powell that a September Interest Rate Cut could be on the table. Those comments from his Press Conference pushed Wall Street higher, with all the major indices closing in the green. The question will be whether the totality of the data, the evolving outlook, and the balance of risks, are consistent with outlooks on inflation and maintaining a solid labour market. If that testis solid labour market. If that test is met, reduction in our Policy Rate could be on the table as soon as the next meeting in september. Tom porcelli, the chief us economist at pgim fixed income in New York laid out his expectations for the fed and us monetary policy, given its an election year. I think you get pretty clear Indication Today that september is the meeting where they will start the process of removing some of the aggressive tightening they have put in place. Do i think that some aggressive Inflation Data could get in the way . We will get to Inflation Reports between now and then. It
Indices closing in the green. The question will be whether the totality of the data, the evolving outlook, and the balance of risks, are consistent with rising confidence in the outlooks on inflation and maintaining a solid labour market. If that test is met, a reduction in our Policy Rate could be on the table as soon as the next meeting in september. Lets turn to boeing now. The planemaker has appointed a new Chief Executive to succeed Dave Calhoun whos stepping down. Kelly ortberg, the former head of Aerospace Supplier Rockwell collins, will take over next month as boeing struggles to overcome a series of challenges relating to its Safety Record and supply chains. The announcement came as boeing reported deepening losses in the second quarter of the year, Making A Net Loss of 1. 1; billion. Aviation Analyst Mark Martin weighed in on the new ceo appointment, and whether this marks a Turning Point for the troubled company. Kelly ortberg comes over from Rockwell Collins. His perspectiv