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CNBC Squawk Box July 12, 2024

Points the s p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5. 5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning its down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. Setting a new high every one of the closes. The s p is less than 1 from its all time high. Its up back in february the treasury markets youll see right now. The treasury yields are where they have been the ten year is at 0. 556 . Melissa. We have an update on the pandemic the United States surpassed covid cases. It took just six weeks for u. S. Covid cases to double. The growth appears to have leveled off at an average of 54,000 per day over the last week in College Sports news over the weekend the mid american conference scrap ....

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BLOOMBERG Bloomberg Markets Asia July 12, 2024

In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the
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BLOOMBERG Bloomberg Daybreak Asia July 12, 2024

Fed president Robert Kaplan this hour. President trump orders chinese to shutdeo app tiktok down in the u. S. Next month unless there is a deal with microsoft or another leading american company. Breaking news out of south korea. The cpi numbers for the month of july year on year, a growth of 0. 3 . This is of course after inflation remains flat for the previous month year on year. We have seen somewhat muted demand. Perhaps weighing on the month on month numbers. We are seeing inflation at zero growth. This really missing expectations that prices would rise 0. 1 if also inflation is decelerating from the previous month of june. Core cpi take out oil prices, and you get a rise of 0. 7 , in line with estimates, and slight acceleration from the previous month. We have seen brent crude prices recover somewhat from aprils slump but still down 38 year on year also. The are also expecting tokyo
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DW Business - News July 12, 2024

Just thought things couldnt get any worse u. S. Chinese relations take another walloping this time of the hong kong preferential trade treatment. Im going to lets do business a sweet deal for apple the american multinational does not have to pay back 13000000000 euros in taxes to while it was what the e. U. Had been trying to force the company into doing but the Irish Government took the case alongside apple to europe 2nd highest court its long denied that its tax arrangements with the take them out to a legal state 8 the European Commission is expected to appeal the ruling to the European Court of justice. Earlier this year and then irish Prime Minister Current Apple chief executive tim cook had an anniv ....

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BLOOMBERG Bloomberg Markets July 13, 2024

The Vice President is the governments point person. Plus, is jack dorseys job on the line . An activist investor with a sizable stake in twitter is pushing for changes. First, some ominous news in the u. S. More deaths here stateside. Despite that, the market is going green. Cindy . Es it look like it in sydney. Paul it going pretty well. Markets reacting on promises of support from Central Banks. A strong rally, higher by 3. 5 . Futures pointing higher, better than 1 as well. Alsoi futures and kospi stronger. The yen has weakened. The boj will do what it can to support markets. The aussie dollar still has a 65 handle. It is reserve bank of australia decision day and the consensus now is that the rba is likely to cut the cash rate to half of 1 . Lets take a closer look at what happened here. Stocks surging. Ending up over 4 with investors hoping that
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