Fall to the lowest since late 2015 as Jerome Powell opens the door to a july rate cut but investors ask, will he cut by 50 basis points . Packed, governor kuroda due to speak imminently after keeping policy unchanged this morning. The yen holds it strongest level against the dollar any year. Economists expect the bank of england to strike a hawkish tone but hold steady on rates as the candidates for next Prime Minister are whittled down later today to two. Good morning. Matt we are less than half an hour from the european open and i want to show you a quick chart of gold. Ands a hike in your chart we are at the highest level we have been in half a decade. 4. 70 1340 dollars. When the fed cuts rates, treasuries look less attractive as a competitive asset to gold and that is why you get the lift in the price. Lets look at the futures. We are looking at games. Plea gains. We didnt have massive rallies in u. S. Stocks. He had rallies in bonds around the world. I see green boxes, but we do
Dan what is next is that we have reported that mr. Renzi, according to one italian news agency, has already met with the italian president. He has to formally submit his resignation and then resolve this political crisis, turning it over to the italian president , who will hold probably two days of Political Consultations with the leaders partiess political before deciding on a mandate government for the country. David a lot of focus was on the italian banks and what this would mean for the italian banks. Do we have any sense of the answer to that question . There aretle bit, but still a lot of Unanswered Questions so far. , the worlds oldest bank is in the midst of a 5 billion euro Capital Raising plan. It has started the first leg of that. The board is probably meeting today. They are likely to put out a statement to find out what happens next. Are they going to proceed with this plan or perhaps postpone it, given that while markets are not as volatile as people expected today, who k
Republican congressman joe barton of texas. According to the the Washington Post he deserves to be ashamed of his, quote, secret sex life. Keep in mind that nobody has accused barton of abuse or even abuse of power. The relationship was consensual. If anything, it is bartons former girlfriend who may be guilty of a crime, socalled revenge porn is illegal in many places and ought to be. Yet for reasons never explained, the Washington Post treated bartond like the heir to Harvey Weinstein anonymity to theda woman hole overturned his life and humiliated him. Sex abuse stories have dominated the news beginning with weinstein predators in hollywood, the media, and politics have been exposed and they have been punished. That is good news because justice is always good news and well continue to bring you updates on those stories when we get them and were sure we will. Going forward, we should also be careful that the noble effort to end Sexual Harassment does not degenerate into a witchhunt.
Republican congressman joe barton of texas. According to the the Washington Post he deserves to be ashamed of his, quote, secret sex life. Keep in mind that nobody has accused barton of abuse or even abuse of power. The relationship was consensual. If anything, it is bartons former girlfriend who may be guilty of a crime, socalled revenge porn is illegal in many places and ought to be. Yet for reasons never explansd, the washington explained treated barton like the heir to Harvey Weinstein anonymity to the woman hole overturned his life and humiliated him. Sex abuse stories have dominated the news beginning with weinstein predators in hollywood the media in politics have been exposed and they have been punished. That is good news because justice is always good news and well continue to bring you updates on those stories when we get them and were sure we will. Going forward, we should also be careful that the noble effort to end Sexual Harassment does not degenerate into a witchhunt. It
Broadway Financial Corporation , the holding company of City First Bank, National Association , today announced the addition of four experienced senior officers to the management team of City First.