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Of china casting a dark cloud other its economic output. Industrial production, meanwhile, coming in weaker than expected and, oh, yes, china unexpectedly cutting rates by 15 basis points. All kind of negative headwinds. Now on the other hand, strong data guest canically not helping Investor Sentiment either. Retail sales rose more than expected showing that the consumer here in the u. S. , very resilient. But you know what thats codes for, yep, the feds could have to keep rates longer for high higher can higher for longer, rather. [laughter] Neel Kashkari saying today we are, quote, a long way from cutting rates. Oh, great. Those higher rates, however, certainly have proven burdensome to banks. Today Credit Ratings company fitch warning it may have to downgrade several u. S. Banks including jpmorgan, the big financia ....
About 200, nasdaq down 76 and s p 500 lower right now by 24. One of the issues is some weak earnings or forecasts. Ups for example beat on Second Quarter earnings but missed on revenue. The shipping company lowered the annual revenue forecast on soft ecommerce demand and reaching a labor deal with the Teamsters Union for 300,000 employees, Trucking Company yellow also filing for chapter 11 bankruptcy after years of financial struggles, growing debt. The Company Nearly 100 years old, had received more than 700 million from the Federal Reserve in aid during the pandemic. Greg, what do you think this tells us that yellow goes bankrupt, ups today has a weak forecast and misses on revenue . Is this a macroeconom ....
Truth social post, he told prosecutors if you go after me i will go after you. Prosecutors say that the threat and they want protection, trump wants a change of venue for his criminal trial over the 2020 election, he says he cannot get justice with tanya tucker. The president has returned from his Beach Vacation he had more time off than any modern president , the pressure to remove him is growing. Dean phillips appearing on cbs says keeping them on the ticket would be disastrous. He is a democrat. To the markets, a rally this morning, a modest turnaround after last weeks selling, the dow was up 100, s p 19 and nasdaq above 84 points. Modest gains not much action in bitcoin that is quoted around 29000. Interest rates have been going up recently, we just drop something on the floor. The price of the yield on the ten year treasury is down three basis points 4. 07 . As for the twoyear, the tenure yield is up a little bit, the twoyear ....
Katrina perry in washington. This is bbc world news america. Niger who leaders have closed the airspace and neighboring regions prepared to convene to find a solution to the crisis. A plan to assassinate ukraines president awarded and dramatic thwarted. And dramatic video of the moment a home in alaska was swept away. Why glaciers are to blame. Katrina welcome. We begin with a Major Political crisis in west africa which continues to unfold after last months in niger. Military leaders have closed the airspace and say they are british to defend themselves, claiming they have information that a foreign power is preparing to attack. A statement from niger were face intervention from west african countries. They will hold an emergency summit in nigeria on thursday. Meanwhile, malley and burkina faso said they would send officials to niger to express solidarity with the coup leaders. They are in contact with the nigerian president. A s ....
Because they emit so much gas. Apparently electric or solar. Looking at potential biden vs. Trump rematch. Heat. One lawmaker admitting the threat is that trump could come back. Elon musk revealing his upcoming fight with Mark Zuckerberg will be livestreamed on x. Zuckerberg says is he consuming 4,000 calories per day to geek up. Geek turning into zuckerberg 2. 0. Good morning, everybody. 6 01 on the east on this monday, august 7th, 2023. We start with this. Donald trumps legal team facing a 5 00 p. M. Eastern time deadline today to respond to federal prosecutors request for a protective order in his latest criminal case revolving around the election. Ainsley meanwhile, the former president has some requests of his own. Judge recusal and a change of venue. Brian doesnt sound like too much to ask. Alexandria hoff is here with the latest. Lets get to the protective order first. Not unusual in criminal cases. In fact, one was grante ....