Karen lee, as well as in france, maria tadeo, and in jackson, karen hole, wyoming, Michael Mckee. First, we want to start in asia. China willorts that soon unveil retaliatory tariffs. Karen . Reporter based on what we know, china will take further retaliatory measures on billions of dollars of chinese goods measures in retaliation to tariffs on billions of dollars of chinese goods. At the same time, we have unrest in hong kong. We will be looking to see what those tariffs are. No details were revealed. Alix and hong kong, political turmoil potentially triggering a world recession. That was the conversation yesterday at jackson hole. These are not segmented regional effects. These have really global consequences. Pointould be a tipping that could trigger a very significant global slowdown, even a recession. Alix what is the talk over there . Thats Harvard University economist Carmen Reinhart saying it could be a detriment for the world economy. There are mobile shocks that could rattle
Slowing. Is said to be china is trying to funnel more credit to private companies. We will assess the implications in beijing. A quick check of our markets close in the u. S. It was a bit of a mixed picture. We saw the dow gained 50 points. The s p 500 erased this mornings gains. Fed officials with a little bit of caution about future rate cuts. To mention we have some soft manufacturing pmi numbers. That did not help sentiment. Cared materials and Health Leading the declines after fluctuated between gains and losses. That fell 0. 4 . U. S. Futures at the moment not doing much. The focus right now is on jackson hole. Lets see how we are shaping up. Steady as we go. Asian futures not doing much when it comes to the potential for how cash trade may start. We are waiting for cues from jackson hole as well as the g7 meeting this weekend. We also have today a busy day of earnings from china as well as from hong kong. We are going to get a cbi data from singapore. Thise checking on the end m
We were discussing earlier whether or not theres a fine big enough to get the street to care i think theres some truth in that obviously amazon is going to have some risk associated with just being in the spotlight for these sorts of issues. At the end of the day theyve created such a juggernaut and are so much a part of the ecommerce fabric and not just in this country but globally as this is a global question. Im not sure there is a fine big enough im not sure a fine big enough is warranted as long as they continue to come under appropriate regulatory meaning, what, the europeans are looking to us to subsidize their government operating costs . I think theyre looking for other governments around the world to take a stance to make sure this is the use of personal data is appropriately governed and managed in these really Large Companies its not just Amazon Amazon is the flavor of the day in the situation is there reason for regulators to think that amazon is implementing anticompetiti
Good morning, good morning. This is bloomberg surveillance. Your equity market of the s p positive. 5 . Upside surprise on cpi, upside surprise on ppi arguably pushing back rate calls even more. Bank of america talking about goldy shops saying we have gone from goldilocks to stagflation. Lisa right now it is hard to see stagflation priced in. We have gotten two straight hot inflation reads at the same time retail sales are causing concern it may be the consumer getting too stretched. Jonathan it has been weird when you think about the equity market reaction. We were down about one third of 1 on the s p 500 yesterday on hot ppi. Even that we have had the reaction in bond yields up equities have been pretty steady. Lisa ultimately if the fed cuts rates more because of this idea of stagflation, the idea of weaker growth, that will be positive for equities. A resilient economy will be positive for equities. If it is stagflation shock that will be a massive problem. A lot of people are not
The best domestic documentaries are shown at vdnkh until the end of the month; alexey kuvashenkin got acquainted with the repertoire of the unknown russia festival. Hello, welcome to the Information Service of the ntv television company. This is the program today, its presenter is aina nikolaeva and igor politaev. Vladimir putin instructed the fsb to punish saboteurs fighting against russia without a statute of limitations. The president announced this while speaking at the departments board. He drew attention to attempts to break through territory of russia by groups that are planning. Read more about Vladimir Putins speech at a meeting of the fsb board, nikita korzun. A visit to the fsb at the beginning of a new political cycle can also be regarded as a sign of priority in the government system , as recognition of the work done. Let me immediately note that in 2023, fsb officers. The authority of the service as a key link in in fact, i confirm the high status of the system for ensuri