You to our event with the assistant secretary of defense for into security affairs. We have been fortunate to engage him on several aspects of our policy research over the past decade and while he is serving in the Administration Since 2017 and randy thank you for your service to our country an Important Role you play in the administration. Randall shriver was appointed as assistant secretary of defense i President Donald Trump on january 82018 previously having served as Deputy Assistant secretary for Pacific Affairs under which portfolio he covered china taiwan hong kong and australia all the easy stuff. Earlier he held the role of chief of staff to the deputy secretary of state from 2,122,003 and served as an activeduty nato Intelligence Officer deployed in operation Desert Shield and desert storm. Beyond his government career randy has been a leading thinker on wings of issues in u. S. China relationships over two decades and a robust voice on the future of that relationship asking
Thats the far right. We need a lot of prayers for this country. Host that was michael in maine, a republican. Well be back tomorrow morning 7 a. M. Eastern time for more here on the washington journal. Well bring you up to the house floor. They are about to gavel in for the new speakers first full day in that post. Live coverage here on cspan. [captions Copyright National cable satellite corp. 2023] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy visit ncicap. Org] [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of representatives. ] the speaker the house will be in order. The prayer will be offered by reverend john matthews, grace Lutheran Church, apple valley, minnesota. The chaplain let
The yen recovers against the greenback. A lot of it is the dollar story as the dollar is coming through softer today after already yesterday seeing its steepest drop since december. But we are also sing that recovery in the renminbi, offshore yen, they are moving towards the 7. 19 handle. This recovery could help take some pressure off the pboc when it fixes the yen on monday. But of course, we have been focusing on dollaryen. The recovery this week really being driven by what we got from what is seen as intervention, but also from the stop and the dollar and the moves in the past 20 hours have been fairly steady. That does not smell like intervention. Potentially, this is that extension of position trimming, especially when you consider this chart, which shows you one fraction of the fx universe. Lets put the board again. Lets take a look at what are the movers in the stock markets today. As you flagged, it is the tech sectors in focus and apple suppliers running higher. We are also s
For all the stocks. Looking at where the aussie dollar is, 65. 7 two cents. when it comes to ethics. The yen holding steady. Brent crude is just shy of 84. The energy names across asia, concerns continue to weigh on the demand side for oil looking like we are setting up for the weakest week in Oil Prices Since february as u. S. Inventories way and i miss concerns about opec policy of maintaining their stance, impacting these concerns about supply and demand in the market, belle. Annabelle yes, and also we have at the start of trading for korea, as we come online this morning. Japan is shut for the public holiday. We are posting gains at the open. A bit of curry on one strand. The dollar having its weakest session overnight a bit of strength for the korean won. What is playing into the theme for korean equities and was can play into the sea is that apple numbers. Lets look at how the some of those supplier stocks are coming online this morning. We saw the jump in late trade in apples a
Jonathan lets get your morning started. Live from new york city this morning, good morning, good morning. This is bloomberg surveillance. The s p 500, bouncing back from a strange day of losses, positive by zero point 6 . We said this yesterday after chairman powell spoke, the presser ended almost as soon as it started. The top line headline, restrictive with nothing else seemed to matter. Lisa taking off the prospect of rate hikes took away the tail risk of them becoming even more restrictive and repeating that they are on the right path. That was the entirety of what was accomplished. It seems like this puts it back to where it was before. It is in the hands of earnings and it raises the question of on the long end, how much will this reaccelerate . Jonathan the fed will cut as soon as the data allows. Bank of america, hes in a wait and see mode. Deutsche bank, hard to say it was a dovish meeting, but given the recent inflation print, it could have been more hawkish and its difficult