Develop quite nicely in Second Quarter have been helped by nice weather in europe indeed and the time for talk is over u. S. Calls on china to impose sanctions on north korea as President Trump and the japanese Prime Minister shinzo abe agree on action after the latest missile test good morning, everyone, brand new edition of street signs. It is monday, final trading day of july. Fairly positive start here doing well on the manufacturing data coming out of china show you what the european markets are doing. Ftse 100 up. 4 after dax is higher. Lets come back to the sectors i mentioned minors, theyre doing very well among top formers following Australian Shares and manufacturing data. Stable under lying growth despite coming in under expectations basic resources up by 1. 3 banks are doing pretty well this morning. Look at that sector. Up by. 05 beating expectations europes biggest bank announced 2 billion Share Buy Back. Third move in a year should be completed before 2017 and will take
The trend reported across the country. And a super sized Interest Rate hike. The increase from the fed and what it means for your money. Good wednesday, everyone, the news at 5 30 starts right now. Thanks so much for joining us, im janelle wang. And im raj mathai. We begin with a story that touches nearly everyone here. Nearly all of us. Inflation and the fight to bring prices down. But beware, that fight now includes another Interest Rate hike, and that could make a lot of things even more expensive. The Federal Reserve raised the Interest Rates by three quarters of a point, the same rate as last month. The goal is to slow down spending, cool the economy, and curb inflation, which has been climbing to near record levels. But even if these rate hikes manage to slow the pace of inflation, they can also make certain things more expensive like the interest we pay on our credit card debt. When you take an environment where you have rising inflation where everyday goods are costing more and
Second. Simon is at the ny sze, but we begin with the man that wall street and investors all over the world were waiting to hear from. Ben bernanke testifying before the House Committee on financial services. The tenyear reacted this morning to that. Right now it is down below the 2. 5 mark. Were at 2. 493 . Thats significant. Weve not seen that in some time. Senior economics reporter Steve Liesman joins me with some of the details on what mr. Bernanke said. Probably a dovish bent to bernanke in that hes saying fed policy is not on a preset course. Most of the economists who commented on this say they think the fed is on track to tapener september but a big issue is how much fiscal policy drags on the economy. Bernanke came back to that several times. Heres what he said in his prepared testimony. The risk remains that tight fiscal policy will restrain Economic Growth over the next few quarters by more than we currently expect or that the debate concerning other fiscal policy issues suc
Environmental nonprofit groups. Im amazed they can stay upright, r tonight, the president lashing out and taking on the nbas biggest star. President trump in a war of words with lebron james, after james accused the president of using sports to divide the american people. James supporters showing up to the president s rally tonight. And why the first lady is now getting involved. Clash in the streets. Tonight, farright wing groups and counterprotesters facing off. Demonstrators dressed for battle. Some taking on police. Tornado strike. A main street turned upsidedown. Plus, entire nakdz under water. The flooding threat not letting up. And buyer beware . In this tricky real estate market, the crucial new question in the buy or rent debate. Rebecca jarvis with your money. And good evening. Thanks for joining us on this saturday. Im tom llamas. And we begin tonight with the war of words between President Trump and nba star lebron james. President trump attacking james intelligence. This,
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