On employment rate remains low at 3. 7 percent. As of june according to the bureau of labor statistics. We just had continued rising as well. With average Hourly Earnings 3. 1 higher in june compared to a year earlier. It is the 11th straight month in which wage growth exceeded 3 . In fact the u. S. Is officially in its longest suspension of Economic Growth since 1854. In order to continue this positive economic trajectory they must continually evaluate their regulatory and super very activity. To ensure broad access to a wide variety of Financial Products and services. With respect to regulation and supervision it has been over a year since the enactment of s2155. The Economic Growth wreck regulatory relief. As you move forward in finalizing certain rules required under s2155 and consider proposing new ones consider you to consider the following. Simplify capital rules for smaller Financial Institutions. While ensuring the maintain significant capital. Simplifying the vocal rule which
Equities higher on renewed helps elsewhere for a potential u. S. china trade deal. That confidence fails to spark european market. President trump takes aim at Jerome Powell ahead of todays policy meeting saying he could consider demoting the central bank head. And trump also blasts ecb president mario draghi and his stimulus plans that sent the euro lower against the dollar. There are risks mainly because of brexit, also because of the trade conflict. Even the persistence of these risks are a risk in itself President Trump has increased pressure on the Federal Reserve to cut Interest Rates. Bloomberg reported the white house in february examined the possibility that the administration could demote Jerome Powell from his role as fed chair. The news agency reported that the white house legal review had made a case to replace powell as fed chair but said the move would be open to a legal challenge. Trump also hit out at the ecb after mario draghi hinted at further stimulus for the eurozo
The msci asia pac down at session lows. Taiwan the biggest earthquake in 25 years. Market still open which is a good sign for investors. A strong dollar story, it has a backward some of its workers from chip lines. Taiwan is important because it accounts for more than half of the worlds network devices. A strong fix yet again today. Lets get more on the impact of that powerful earthquake. Adrian, what is the very latest there . We understand there has been one fertility from the quake so far and that seems a blessing given the magnitude according to the government was the strongest in 25 years. The 1999 quake killed more than 2000 people. This hit on the east end of the island, relatively remote to taipei and the big at least 26 buildings, im not sure of the scale of these but some of them may be quite small, have collapsed, we understand. Risky efforts are underway to try to save those people who may be trapped. However, within taipei which was strongly hit by the quake, with building
Tom good morning, this is bloomberg daybreak europe, im Tom Mackenzie in london. These are the stories that set your agenda. Iranian News Agencies confirm the countrys president Ebrahim Raisi and the foreign minister have died in a helicopter crash. The death of hardliner raisi adding further uncertainty to a region already in turmoil. Taiwans new leader urges china to end the threat of war, as he assumes the presidency of the democratic island. Asia stocks rise in european futures point higher as copper and gold both hit fresh records. Investors bracing for another busy week of earnings headlined by ai heavyweight nvidia. Before we get there, the earnings front crossing the terminal, ryanair a beat in fullyear earnings, full revenue at 13. 4 4 billion euros. Above the estimates of 13. 3 8 billion. Ryanair approving a 700 Million Euros Share Buyback. The final Dividend Per Share is coming in at 0. 178 euros. They saw customers coming in at a modest beat on the customer level. In terms
Things have changed, we have different numbers. New highs for 2024. The two youre getting closer to 5 two year. The quote of the last 24 hours around this desk, jp morgans david kelley, the sound of their slingshot on a june cut. Lisa stephen of standard charting, rbc, we are changing our fed call from 45 basis points to one of a duty five basis point move. Yesterday we saw the biggest self, the biggest yields since 2022 and it seems there might be more. Annmarie everyone is trying to revise. Starting to revise. This really seals the fate for the june fomc to push this further back. If we came into this year expecting when will the fed cut, and that is a matter of some people asking if the fed will have a cut in 2022 in 2024. Jonathan two big headlines crossing bloomberg earlier, triggers parenting rate cutlets to less than 25 basis points. Look at for exchange, the euro, 1. 07. The dollar having its biggest oneday since the banking stress of last spring. Dollar, 152. Never mind, it is