Skeet to hit nearly the same time. Moon while a white house shakeup Kellyanne Conway giving up post starting next month her husband george step wage from antitrump organization as they both put the focus back on their family. They say. Markets this morning are rallying take a look at futuring with a triple digit move the fda announce emergency for plasma to treat covid19 and dow is up 370 points and s p 500 up 25. Markets finish in the green on friday, certainly the s p 500 seeing its longst winning streak this year with the s p friday up 11 points nasdaq up 46 and dow industrials finish out the week up 190 points on friday. Ticktock troubles continue Facebook Ceo Mark Zuckerberg reportedly still confused in washington about the chinese social media app. Missing these warnings months ago and it is the gops turn. The Republican National convention kicking off today. Housing urban Development Secretary ben carson will join me in the next hour with breaking news on his speech as well as o
From its scheduled date on monday. Now on bbc news, all the latest Business News live from singapore. To hike or not to hike. We will look at the Rate Decision of the federal bank and its impact on asia. And why is rechargeable gear becoming popular among the Gaming Community . Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Its a tuesday. Im rico hizon. We kicked off with the us Federal Reserve. Investors will be keeping a close eye on this weeks meeting from the central bank for any clues for the rest of the year. The outlook will further rate rises is nowhere near certain. The Chief Economist told me why the Us Central Bank is expected to raise the cost of borrowing by another quarter of this week. It is pretty unanimous that they will raise rates. That has been the clear Forward Guidance. If they dont, it will be a shock to the markets. The interesting thing the markets are looking for is any Forward Guidance going forward. In view, given the e
One company will focus on hardware and services and the other are personal it is and printers. The wild weekend. The Virtual Currency plunges to its lowest level in a year. What is behind the fall. A professor who says an elite education is not worth the cost and those goals are creating a generation of religion career zombies. There is one sitting next to me this morning, olivia sterns, and erin wegraduate have a great love show graduate. We have a great show tonight. Bitcoin is follow falling on its own. Time for the newsfeed. The top is stories from around the world. Hotel, andelling a the buyer is a Chinese Insurance Company paying almost 2 billion. Hilton says it will use the money to buy other assets. Agoon bought it 42 years and will continue to manage it and the hotel will undergo a major renovation. A new report underscores the risk of a slowdown in the worlds is largest economy. On especially fell the most since 2009. German Economy Ministry blames the geopolitical risk and a
To the fed minutes. Yes, the initial impression was that they were hawkish. Now perhaps the market reevaluating that to some extent. We will get more on where this market and the economy is heading from none other than mohammed el erian. He is here exclusively in just minutes and have some good insight on why the market has continued to rally in the face of so many troubling geopolitical developments. And another tale on the any might be new data that Shows Americans are starting to struggle with paying down their auto loans. This coming after taking out record high amounts in car loans. Some with iks isyear, sevenyear terms. Phil lebeau joins us with the details and why some say it is a canary in the coal mine for our economy. Now lets take a look at these markets. We did take a leg lower as those minutes from the fed hit about an hour ago but since the dow is made up that lost groun grobd and then some, up 60 points to 16980. The nasdaq is up just about a point to 4528. And the s p w
Units. The shares of hp are jumping up over 6 in the premarket. John thwart is joining us this morning. And i said to john, should meg whitman have done this three years ago . I was going to ask either one of you experts, when was the first time that it was positive or suggested that hp should split into a combination of businesses . I think its ten years, isnt it . Well, they actually did turn into a combination of businesses 15 years ago in 1999. Agilent is getting ready to split off, too. But heres there looking around, what do i do . How about splitting the company into two . It seems like old is new, new is old. When she first came to the company, they had positive guys. And he said no. Her predecessor in the ceo seat wanted to sell the pc business off entirely. They couldnt find a buyer at the price that they wanted. Lenovo was rumored to be sniffing around and ended up picking up she said they were staying together definitivety at that point, right . At that point but that was e