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Transcripts For BLOOMBERG Bloomberg Daybreak Asia 20240712

Plan, but Republican Leaders warned the gap remains wide. Mitch mcconnell says the plan contains poison pills. Bloomberg economics cuts its growth forecast for japan, saying the recovery is weaker than expected. This hour brings a survey showing what business thinks. We are getting breaking news crossing the bloomberg. President trump has moved to sign an order which would expand u. S. Mining, citing a threat from china. President trump has moved to expand rare earth mining in particular according to an official. We know china has in recent years have a huge presence when it comes to rare earth mining, which is used from everything from cars to mobile phones. Officials say President Trump has moved to expand rare earth mining for the u. S. There is a political element where union votes will be key going into the election. We will get you more details as they get to us. L ....

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Transcripts For BLOOMBERG Bloomberg Daybreak Asia 20240712

India may miss growth targets as the virus cripples the outlook. Intel plunged after its new chip reduction process was delayed again. The company is under pressure as customers increasingly turn to rivals for chips. We are just getting pmi data out of australia crossing the bloomberg. The pmi actually rising to a record high in july. This is a preliminary number for services coming in at 58. 5. Manufacturing pmi also higher, 53. 4 from 51. 2. Composite at 57. 9. A big jump from the 52. 7 in the previous reading. That returnecting to some semblance of normality as part of australia exit the stricter lockdown. Going forward will be key given we are seeing a fresh sixweek lockdown from victoria. Lets take a look at how we are setting up this friday session. U. S. Stocks falling to the lowest in about a week after unexpectedly high jobless claims rekindling worries of the economic recovery stalling. We are seeing more recovery when it comes to trading in futures contracts come up about. 2 ....

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Will the US Fed finally cut interest rates this week?

Will the US Fed finally cut interest rates this week?
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