Ai. That conversation later. We will push ahead to the earnings out after the bell. Broadcom the latest company to test if this ai rally is a reality. The eus Digital Markets act takes hold today. We will break down the epic battles already raging for apple. Lets check out this market rally we are seeing and ai drives it. We see the mood music trying to decipher the rate of travel for the fed. The nasdaq currently powering on higher. Big test gets the lift. The euro actually higher versus the dollar. The dollar moving as we anticipate rate cuts. Dovish tones seemingly being interpreted from jay powell as we see Christine Lagarde hint to future cuts. The dollar is weaker against most fx payers today. And looking at whats happening in terms of the japanese rally versus the dollar, we have seen the yen up amid signals the boj might move to increase rates, up. 8 versus the dollar. A look at whats happening in the world of a brisk asset of choice on this show, bitcoin a risk asset of choice
That we have cloud cover sweeping in from the west. Well probably get some early sunshine but then those clouds thicken up. The big story this morning is how chilly it is. Some suburbs its down right cold. 34 degrees in allentown trenton right now, 35 in allentown, 37 in reading. We are up out of the 30s in millville. Were at 41 there. In philadelphia it has improved to 43. 44 in wilmington. Not much wind but a chilly start. As we go through the afternoon that sunshine you may get early is going to give way to thicker clouds through most of the day. By noon, 52 degrees under mainly cloudy skies. Not that you cant get some sun in through here but a lot of clouds around and im going to go for a high of 60 degrees around 3 oclock. Still similar number by 5 oclock and then down to 57 by 7 oclock. Obviously if youre dressing the kids for the bus stop this morning, you want to bundle them up a bit. Not much wind. Some sun certainly possible but 43 degrees as theyre waiting for the bus in phi
Who put him in office. Critics say it is a work of fantasy. Ourre continuing to watch , moodys announcing it has downgraded its rating on china. For comparison, were looking at the same rating help by saudi arabia, israel, estonia, and japan. Take a look at this chart. It encapsulates moodys reasoning for this downgrade. Debt to gdp soaring. 280 in terms at of the debt to gdp ratio, an increase from 240 from 2016 alone. You can see the diversions when it comes to gdp growth stabilizing, easing, but debt continuing to grow. It expects the financial strength of china will be eroded in the coming years as a result of the economywhite debt and built up. Slowing, andially even though you have financial reforms, deleveraging, particularly the financial sector, moodys saying that will not make a difference when it comes to this constant increase in contingent liabilities held by beijing. We will continue to watch that story. Singapore, taiwan, malaysia coming on line. We are really watching t
,anager is betting on beijing 2016 will be good for china and investors will be sorry they are not there. Do follow me on twitter rishaadtv, and dont forget to include trendingbusiness. China, hong kong markets underway in 30 minutes. Lets have a look at what is happening. The day after the fed, and asian markets are liking the sense of patients conveyed in that policy announcement. Snapping three days of declines for most of these markets, i continued rebound in crude oil as well as basic materials. Gains, the extending kiwi dollar surging since the fed left policy rates on hold. 225, ahead of the boj announcement. 56 expect some form of additional stimulus coming be furtherether that cuts into negative rates, etf of lying, or potentially negative rates for loans, which means lenders will be paid by the central bank to lend. ,traight times index up malaysia adding negativity to the regional look at the moment. Lets take a look at some earnings stock reactions. A 4. 4 decline in firstq
Fact that in spain, the term, the two party system has ended. Spains governing party loses its majority in parliament and could fail to form a coalition government. Man made disaster. Rescuers searching for dozens of people, missing after a landslide of mud and construction waste buries buildings in southern china. Good evening everyone, thanks for joining us. Im adam may, filling in for antonio mora who has the evening off. International hour begins in afghanistan where the resurgent taliban is once again taking aim at u. S. Forces. Today six american soldiers on foot parole near Bagram Air Field were killed by a suicide bomber. The taliban later claimed responsibility for this attack. Meanwhile the group is on the verge of seizing control of the Helmand Province the countrys largest. Its also where most of the worlds opium is produced. Al jazeeras Jamie Mcintire is at the pentagon. Adam this has been the deadliest day for u. S. Troops since more than two years ago. Pentagon report sa