Good morning. Welcome to daybreak australia. We are counting down to asias major market opens. Im kathleen hays. The top stories this hour, markets struggling for motivation even as a Team Inflation report builds the case for a fed rate skip. A renewed jump in treasury yields, weighing on sentiment after a week 30 year bond auction. Alibaba returns to Revenue Growth across all major divisions defined chinas economic worries. But theres nothing new on the plant slip. And chinas market regulator will meet developers and financiers friday seeking solutions to a worsening property crisis. Lets take a quick check on what happened on wall street today. Stocks started on a fairly decent rally. The s p 500 was up more than one person at one point after the july cpi report weight suggest that inflation is going back to its twoyear ago level, something the fed could pause, when it comes to rate hikes. But later mary daly said the fed still has work to do, so stocks lost a lot of gain. The s p ba
Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoin. That would be his argument. He is a levered bet on crypto. The stock is a leveraged bet on crypto and bitcoin in a way that you could go leverage. Aside from the Software Business. That is not part of the deal. Have you heard about coinbase and what goes on there . The zero balances on the high volume base . I have been looking at it. Whats going on . I have seen it. That number is nice. It goe
Care. The Senate Aging Committee hearing is about one hour, 40 minutes. The Senate National committee on aging will come to order. As chairman, my top priority is keeping our promises to Older Americans and to americans with disabilities. We owe it to have the necessary information to decide when, where, and how to receive care as they age. That has motivated my advocacy, for example, for home and committeebased services. Every american wants to receive care. It has similarly motivated my work to ensure Nursing Homes are providing safe, quality care for all of their residents. We need to address the chronic underfunding and understaffing for the state agencies that conduct nursing home oversight so they can effectively protect the health and safety of residents. And this core mission of the aging committee brings us to todays topic, the topic of assisted living. And that landscape. It has been 20 years since this Committee Held a hearing on assisted living. With the dramatic growth of
The Senate National committee on aging will come to order. As chairman, my top priority is keeping our promises to Older Americans and to americans with disabilities. We owe it to have the necessary information to decide when, where, and how to receive care as they age. That has motivated my advocacy, for example, for home and committeebased services. Every american wants to receive care. It has similarly motivated my work to ensure Nursing Homes are providing safe, quality care for all of their residents. We need to address the chronic underfunding and understaffing for the state agencies that conduct nursing home oversight so they can effectively protect the health and safety of residents. And this core mission of the aging committee brings us to todays topic, the topic of assisted living. And that landscape. It has been 20 years since this Committee Held a hearing on assisted living. With the dramatic growth of the assisted living industry in recent decades, it is long past time for
In federal farm offering this is about three hours. Good morning. The subcommittee on commodities, Risk Management and trade will come to order. Welcome to all of our witnesses. Senator hyde smith thank you to you and your staff working together with us to organize this hearing today. Chair stabenow and i believe Ranking Member boozman will be with us shortly but it would to thank them for joining us many thanks to the full Committee Staff for all of your help and support with this hearing. Thank you to everyone for attending. This morning is going to be a twopart hearing. Today was on the farm bill, the products title. On thursday will take on title v. The credit title in title 11 the Crop Insurance title. February the full committee the full Senate Committee heard from usda officials their family views of Risk Management and credit. Today we have the opportunity to hear directly from farmers, producers, stakeholder groups that work with farm Safety Net Programs every day. Hearing fro