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CNBC Squawk July 3, 2024

What higher for longer means with Interest Rates. We had conversations yesterday that to me were troubling and i started to think about things. It was transitory. The supply chain part. Transitory. There is maybe an underlining rate of inflation that is higher and it is harder to deal with and it has to deal with crude. It reminds me now it is supposedly not like the volcker era. Wages and unions and workers demanding more. The wage price spiral that picks up and higher wages. Thats what the fed is watching. We paused and only to restart. It was not putting a stake in the heart of it in the first place. A little bit stays and it comes back and you do higher. Stop again. It was the stop and start of the 70s which is what happened. Is that happening again . If you look at inflation in other parts of the globe, it is higher. The uk is operating at 6 . They dobnt have the dollar. That bugs me. 3 . South america averaging 30 . It used t ....

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CNBC Squawk July 3, 2024

Nasdaq up by 10 points. Halfway through the trading month of september, the dow is down by. 3 for the month to date. The s p 500 down by 1. 3 and the nasdaq down by 2. 3 . And treasury yields are pretty important because you do have a fed meeting this week. Right now the ten year is sitting right at 4. 34 . The 2year just above 5 and we will see what the rest of the week brings. Talking about what the rest of the week brings, here it is. Squawk planner for the week. The fed is the big story. Kicking off a twoday meeting starting tomorrow followed by a News Conference which will happen by jay powell. Wednesday expected to hold rates steady but planning to focus on the guidance, both economic and projections and forecasts for the rates at the end of this year. Few earnings of note, were going to hear from General Mills and also get fedex and kb home and darden will announce its ....

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KGO ABC7 July 3, 2024

Sierra and we begin with the weather. A cooler saturday. Lisa yeah, definitely noticed it yesterday. The clouds certainly taking their time clearing and today little change as a system is offshore here and that is ushering a pretty Strong Marine layer, breezy winds and some afternoon sun. So starting out with gray sky all across the bay area right now, current numbers are in the 60s. So kind of muggy out there from the south bay 62 over in oakland, a little cooler in the north bay, but there is mist, there is drizzle. You may need your wipers. And as we look outside the sun, not coming up until 652 and then a mixture of sun and clouds through the noon hour. By the afternoon, its cool again. We will have a few 80s, but more likely below average near 80 in our inland valleys with some low 60s and pretty cloudy skies at our coast. Stephanie. Lisa, thank you. Here at abc7 bay area, we are working to build a better bay area as a part of ....

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BBCNEWS BBC July 3, 2024

A landscape changed beyond recognition. A bustling city, now a wasteland. The destructive power of water has ripped the heart from derna. Its survivors left wracked with grief and anger. We were told to stay inside our homes. Why . They should have told us there was a storm, told us the dam was old and crumbling. Some of these destroyed buildings were 100 years old. This man lost five members of his family in the raging current. One was his ten month old daughter. He shows me their pictures. First alive. And then their bodies. This was what brought him here. A convoy of ministers from the eastern government, one of libyas two opposing authorities. Fighting has decimated the countrys infrastructure. Ferris says its proved fatal. Well, i spoke to the eastern prime minister, 0sama hamad. How could this happen when the dams were supposed to keep people safe . It was a very strong cyclone, he told me. Too strong for the dams. Here in the centre of derna, the destruction is total. And when y ....

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ALJAZ News July 3, 2024

So how also coming up . The daunting task of rebuilding off the last weeks of quake in the roof. We report from the highest cutlass mountains. Live only a ton in the island of lum producer, often on precedence, a number of migrants lives this week. Dominican republic, close this folder with haiti as its neighbor continues to bills that come out on the sheriff river. The International Aid is beginning to arrive in floods. His Eastern Libya from the you in europe, russia, the middle eastern countries. You anything about a terry and Affairs Office as lawrence and appeal for 71000000. 00. That aims to help 250000 people. Very careful, aid has reached the hottest head pulls. If you have done a sofa with thousands of fed, dead, destroyed ways have made access particularly challenging. Both
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