What are we doing . Interesting but smart leading the feds beige book. Leading with beige. Check in on regional economies is telling two very different stories. How we are adjusting to the trade war. On one hand the beige book highlighting a retail chain that raised prices on furniture but is considering reversing the price hike because consumers arent buying it meantime, in cleveland manufacturers are feeling the pain by cutting overtime pay rather than laying off workers things looking up in philadelphia and new york. This is like a choose your own adventure book choose your own beige book. Are you allowed to do that . Is the economy headed down the path of new york and cleveland or are we Holding Strong like philadelphia and minneapolis . Gia dam uy adami. Ill be optimistic. Things look okay, not great. Thats reasonable. I think that along with the news out of hong kong where things have been tapered down for a couple of days, thats encouraging. The market is up 3 4 of a percent, 8
The Group Reiterates it fouryear guide answer despite higher cost from the continued grounding of the boeing 373 max. And hong kong has another day of protests at the airport carrie lamm warns the city is on a path of no return. Good morning its been a risk heavy 24 hours for equity markets you can see behind me in europe theres a lot of red on the screen but let me take you back to the price action in wall street yesterday the majors closed near the lose of the day. Dow, s. A. P. , nasdaq closing below. Respectively down 1. 5 , 1. 2 you can see the redness in negativity is picking up and that continued into the Asian Session overnight. There are a couple things that the market is dealing with here. Number one, growth concerns. At no end in site to the trade narrative between china and the u. S. But yesterday we had an additional element to think about. That was the temporary shutdown of hong kong airport that sent shockwaves throughout the region and into the european session as well
Office says israel will not prevent humanitarian assistance from egypt as long as its only food, water, and medicine. Truckloads of supplies have been waiting for days to enter gaza at egypts rafah crossing. Biden says egypts president has agreed to open the crossing and allow 20 trucks through. Gaza residents have been left without power, clean water, and food since the fighting began. And a deadly blast on a hospital on tuesday has pushed the humanitarian situation to the brink. The World Health Organization says 25 medical facilities in gaza have been damaged in the past 11 days. Gaza Authorities Say at least 470 people were killed in the explosion, and it was caused by the israeli air strikes. Biden says u. S. Intelligence backs up israels assessment that a failed rocket launch by islamist militants was responsible. Russias foreign minister Sergei Lavrov is visiting poeng yong for the first time in five years. Hes meeting his north korean counter parts for talks expected to focus o
Let us talk about what we know so far. With me now is said shehata from bbc arabic. Talk to me first of all about the meeting, the second time in 24 the meeting, the second time in 2a hours the war cabinet has met. Do we have any clarity on what can happen next . We what can happen next . No decision what can happen next . No decision has what can happen next . Fir . Decision has been announced yet by the agreement within the cabinet is about the response, the military Chief Of Staff said the Reading Attack will be better with a response, but the timing and the response, it will affect the escalation or the response because iranians have said what is done destructive consulate in damascus was a strategic mistake and what they have done, it was self defence. In that case, that is it. Israel says it is damaging, so the attack on its soil, even if the damage was minimum, inside israel it looks like damage for its reputation as a superpower. The pressure on the cabinet and on mr netanyahu
Jeremy hunt will stay on after refusing a new role. The education secretary resigned. Global news 24 hours a day powered by more than 2700 journalists and analysts. Im a Alisa Parenti and this is bloomberg. Emily im emily chang and this is Bloomberg Technology. Coming up, gopro takes a dive. We speak with ceo Nicholas Woodman after the Company Slashes jobs. Cryptocurrencies opsware rocky start in 2018. Bitcoin slumping as much as 27 , helping drag and smaller rivals. Dissenting on las vegas for the Consumer Electronics show where driverless and electric cars are dominating the buzz. , our lead. Gopro missed its fourthquarter sales guide and signaling revamped cameras and price increases are not sparking revenue growth. Shares tumbled more than 10 , its worst performance in a year. Gopro ceo Nicholas Woodman spoke to selina wang and denied earlier reports that they hired jpmorgan for a potential sale. Take a listen. Nicholas jpmorgan is in fact our banker, but we have not engaged them t