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Tom good morning, this is bloomberg daybreak europe. Stock struggle for direction as investors eye u. S. Factory inflation data due today for fresh clues on the feds rape at the head. Apples biggest supplier is said to report. We will discuss what they mean and good thing about the help of the tech sector and john help economy. The clock ticks were tiktok, the fate of the Popular Video app is in the hands of the u. S. Senate after the house forces its owners to so or face a ban. Nasdaq ended lower by 0. 8 . As an be close lower. It was a press record for european stocks. The catalyst later today, Producer Prices out of the u. S. , whether or not ppi print out of the u. S. Confirms the stickiness that we saw in cpi, the Consumer Price index orbits a question mark over the sticky narrative. Retail sales and initial jobless ....
Good morning. This is bloomberg daybreak europe. Im lizzie burden in london. And these are the stories that set your agenda. Surprise cut. Chinas central bank unexpectedly cuts its key lending rate by the most since 2020, as Industrial Production, retail sales and fixed assets data all miss estimates. Asia markets are mixed. Donald trump is indicted in atlanta over alleged efforts to undo his 2020 election defeat in georgia, adding a fourth criminal case against the former president. Plus, what Warren Buffett is buying and selling. Well bring you the latest 13 f filings as hedge funds look to gain from the hype over artificial intelligence. Well, good morning. Welcome to tuesday. And it might be august, but its a busy one. Youve got traders betting that the fed is going to keep rates higher for longer. So treasury yields have been steadying in early trading in asia. Bu ....
Welcome to daybreak europe. Lets get to the top stories. Israel said to hold off a gaza ground offensive as palestinian aid and diplomatic efforts to release hostages accelerate. The dutch Prime Minister and french president are set to visit israel in the next two days. The market spotlight is on japan. Traders on watch for yen intervention after the currency crosses the 150 mark against the dollar. Divisions within the boj are growing. Shares of the public arm of foxconn dropping the most in more than three months after beijing launches investigations into its chinese operations. I want to bring you breaking news. Phillips reporting thirdquarter earnings, adjusted ebita 457 million. Good numbers, they are also raising fullyear sales and the adjusted ebita outlook. How much growth is coming from their chinese arm . How much is international . Versus how much is from right here in europe . We are going to have an interview with the ....
[ laughs ] aah protect everything your family does online with aura. Absolutely free doctors preferred better science, better results hello, and welcome to have you as joining us here in the United States and all around the world, you are watching cnn newsroom. And i most, which just ahead. Okay . Witness is due to take the stand in former us president Donald TrumpsHush Money Trial in just a few hours, we will take a look at how the jury might receive former fixer, Michael Cohens testimony. The us is warning that a fullscale israeli invasion of rafah could lead to massive civilian deaths any in rafah say they dont know where to go next. And wrapping up their trip, prince harry and meghan were a hit in nigeria, will have a live report from legos live from redlands t ....