Domestic economy has not done so well and consumption is down on the quarter and investment spending is treading water. In that respect it would be premature to say the japanese economy is Out Of The Woods but it is a positive surprise. This is a tricky it is a positive surprise. This is a tricky balance it is a positive surprise. This is a tricky balance for it is a positive surprise. This is a tricky balance forjapan because they have been trying to boost inflation unlike some other g7 economies yet they are having a problem, people arent feeling confident in purchasing and buying things there. How do they balance this . They balance this . Indeed, thats the they balance this . Indeed, thats the milliondollar i thats the Million Dollar question right now. Weve had a pretty good result for these spring Wage Negotiations this year and wage growth is picking up year and wage growth is picking up injapan so in that respect things are changing. But the wage gains we are seeing now are not
Has to do with industries that touch on National Security concerns. One of the things that china had introduced over the weekend, theyre offering Tax Incentives as well as help with visas. But is that going to work . I dont think so. Not right off the bat. And i think the State Council recently issued some guidelines in an attempt to essentially make investments in china more attractive. And i think it shows us three major things. The first is that it demonstrates that china knows that its got a problem. Its economy is slowing. Its got a housing bubble, unemployment is particularly high and Foreign Investment is beginning to slow down. The second thing is theyre saying the right things, that theyre providing Tax Incentives and theyre trying to theyre indicating that theyre going to protect intellectual Property Rights and theyre trying to make the country look more attractive for foreign investors. But i think the third thing is the most important, and thats us companies and Multinatio
Provide hints of whether the Bank Of Japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, spoke to fidelity international s Catherine Yeung, who told me china is facing a confidence problem. Just this lack of confidence both within the Consumption Sector as well as the corporate sector. So if fact last friday we had julys M2 Money Supply and aggregate Financial Data released and it was marginally weaker than expected. So tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. So again policy isnt going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. Be this continuing tweaking to be accommodated. Tomorrow we will aet be accommodated. Tomorrow we will get some be accommodated. Tomorrow we will get some
extradition to the u.s. the rally in iowa has been canceled due to weather bridport governor desantis is in the early presidential caucus state today. first let s go to bill melugin live at the border in brownsville, texas. bill, what is the latest there? brian coming in brownsville for the many cities that declared a state of emergency. brownsville sink thousands of illegal crossings every day this week. massive numbers and as a result of that border patrol i did mass releases. take look this video which are right here in brownsville. large group of migrants mass release walking on the bus terminal here ngo they get assistance with her travel documents. large majority are venezuelan right we caught up with one who said his release in the morning. i m elated and extremely excited. i was released this morning i made it. the mass illegal crossing here in brownsville officially got plugged up because with the state of texas dead. take a look the drum drone team shot to see a g