Welcome to daybreak australia. We are counting down to asias trade opens. Record highs for stops cuban by big tech. Boj refrains from signaling hikes. Haidi investors are focused on an updated dot plot and rate cut. Paul philippines president tells us he wants to avoid worsening ties. Staggered open. Market flat now. Ozzie yields went lower after we heard from the reserve bank of australia. The bank saying it is really nothing in or out. They seem to have found support. Weve been trading in new zealand as well. The market looking like this. Public holiday although we will have futures trading in equities and bonds. Not a great deal of movement in futures. Yen is weakening. 150. 84 at the moment. Haidi look at u. S. Futures, flat trading. That session was interesting. We had gains ahead of the fed. We expect the fed to push back as the economy and surprises. Fresh record high, broadbased rally. Energy is the best performer as we see a rise in oil prices. Wti above 83 dollars, propelling
This is cnn breaking news. Hello, welcome to our viewers here in the United States and around the world, i am john vause for cnns breaking News Coverage of israel at war. It is seven a. M. In gaza and already, thick plumes of smoke are rising about the city after yet another israeli ashtray. Soon, israels war with hamas could get dramatically worse. According to u. N. Officials, israel once more than 1 million palestinians in gaza to be relocated within the next 24 hours to the south of the enclave towards the border with egypt. The clearest indication yet that a Ground Incursion could be imminent. A u. S. Spokesperson has described the process impossible, warning that an already tragic situation can easily become a calamity. Israels assault on gaza is not into its seventh day. 6000 airstrikes in six days. On average, a dozen a day. The idf say that they have targeted hamas, but according to palestinian officials, more than 1500 people have been killed, and the widespread devastation i
Bbc news now. Gazas only power plant has stopped working after running out of fuel, as israel continues its deadly bombardment for a fifth day. Israeli troops are massing near the gaza border in preparation for what could be a Ground Invasion of the territory, as israel responds to saturdays brutal attacks by hamas militants. These are the Key Developments this hour. Israel says that more than 1,200 israelis are now known to have been killed, since hamas launched attacks on saturday. 169 of those killed were soldiers. The bbc understands 17 british nationals are dead or missing. Palestinian sources say that more than 1,055 people have been killed by israels bombardment of gaza, where entire neighbourhoods have been flattened. Food and medical supplies are dwindling, after israel sealed all crossings into the territory. Both sides have accused the other of war crimes in the attacks, which began on saturday. Strikes against gaza have continued. We canjust we can just show you this. This
Cheryl spike is a she. I cannot wait to meet her. That is a little bit later. Lets head back to the floor of the New York Stock Exchange. Nicole e cigarettes are very popular. Everyone will be waiting for that segment. Five straight weeks of gains for the dow. Today, pulling back some. Down one third of 1 . You do have energy that has been weighing on the dow. We have had five straight weeks of gains. Also, everyone waiting to see what the fed has to say. We did get some pending home sales in as well. The saks fifth avenue story, they own lord and taylor, it does include dead and gives them find real estate. Peridot is buying them for 8. 5 billion. Back to you. Adam thank you very much. 835 billion deal. Two of the biggest names joining forces. Dennis the largest ad Holding Company in the world. You have paris based publicist. Annual revenue of 23 billion, almost. Controlling ad revenue. They are merging as true equals, but are they to equal . We talked to the ceo, the Number One Firm
Jon and im jon scott. Both sides digging in their heels over the raising of the debt ceiling. Republicans propose deep cuts to medicare and the president S Health Care law while democrats say theyve already done more than enough to get the debt under control. The president has made clear we cannot negotiate about whether or not the government of the United States would default. It was a mistake in 2011 to have that debate. It hurt the economy. And i think Congress Knows that it has to deal with this. We also have to look at how far weve already gone in with the federal government. This president seems to be using kind of a oneway ratchet, always expanding the role of the federal government even as were 17 trillion in debt, and were increasing that debt at the rate of about a trillion a year. Jon so take a look at the debt clock, it now sits just under 17 trillion, an amount now bigger than the entire u. S. Economy. Karl rove is a former Senior Adviser and deputy chief of staff to presi