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By. 7 the hang sang was up by 2. 1 the shanghai composite up by 2. 1 in europe right now where there is active trading taking place, green arrows across the board. The biggest gainer is the footsy up by. 8 . Quick check on treasury yields which was so closely watched last week when you saw the temporary inversion in the middle of the day between the 10s and the 2s this morning, 1. 618 the two year is 1. 15 so showing more room than we have seen over the last several sessions. We have a huge week ahead for wall street. Kicking off today, big tech executives testifying at ustr hearings then tomorrow, quarterry lults from home depot, kohls and t. J. Maxx wednesday, fed reports on existing home sales plus reports from lowes target and l. Brands and thursday jackson hole symposium kicks off where, of course, Steve Liesman will be. All leading up to fed chair jay powells big speech which will take place on friday but meanwhile, we want t ....
4. 0127. Todays auction, the 30 year treasury. We will follow that as soon as the headlines roll across. Bloomberg u. S. Dollar index down today. 1 . Oil coming down as well. 83. 14 per barrel. When it comes to the inflation data that we saw this morning, a blackrock representative gave us his take. Guest serious progress on inflation for now. That cannot be ignored. Take a step back and this is what we will need to deal with over the next few months, this will be a roller coaster. Matt chief u. S. Economist at t. Rowe price joins us now. What was your take on what looks like a pretty victorious number for the fed . Guest thank you for having me today. I would say there was a lot in this report that the fed and inflation forecasters will like. Two months in a row where inflation was behaving like used to before the pandemic. In particular, im encouraged by the progress we are seeing in core goods inflation. Deflationary momentum is continuing. It looks like it will be sustained. We sou ....
as beyond a catastrophe and warned the west bank could implode at any time. graham satchell reports. night after night, for weeks now, the families of those taken hostage take to the streets of tel aviv. they re putting pressure on the israeli government to bring the hostages back alive and stop the fighting. they need to look at other options. the military pressure will continue. but we see they don t have any results. the head of the israeli army herzi halevi said the war could take many more months and notjust them. there are no magic solutions, he said. there are no short cuts in dismantling a terrorist organisation, only determined and persistent fighting. in gaza itself, hospitals are overrun with the injured and the dead. the world health organization says almost all the hospitals in the gaza strip have now stopped functioning. there s blood everywhere in these hospitals at the moment. we re seeing almost only trauma cases come through the door and at a scale that ....