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BLOOMBERG Bloomberg Markets Balance Of Power July 13, 2024

The currency is also higher but it has taken over the conversation and brazil. David he said brazil and argentina were devaluing their currency. What has the central bank been doing . Julia the central bank has been trying to pop up the currency. It has late due to several factors, including the dollar being strong worldwide. A lot of it is not tied to brazil. There was some disappointment in the oil option. There were a lot of factors behind it. Argentina had the election earlier in the year and have currency controls for a while. They are not doing anything. The central banker is speaking at a luncheon and has just reiterated that the brazilian is a Floating Exchange currency we only intervene when there is dysfunction. David give us a sense of how important steel exports are from brazil to the United States. Julia is one of the biggest export products between brazil and ....

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BLOOMBERG Bloomberg Markets Balance Of Power July 14, 2024

October 14th. David we want to join mike mckee in new york. We got ism numbers. They were not a surprise and a good way. Michael they were a surprise and a terrible way. Purchasing Management Index falls more than one point. It is the biggest drop in the first contraction since 2016, january of 2016. Even worse, the underlying numbers, new orders fall of 47. 2, unemployment falls to 47. 4, inventories rise to 49. 9. 50 is the abiding line between growth and contraction. When you have inventories rising faster than new orders, there is a strong correlation with recession ahead. We are not in recession yet, but manufacturing seems to be good david when you get numbers like this you wonder why. We see pmi numbers softening. Is it because of theariffs that were just increased over the weekend . Michael that is what manufacturers are saying. It has a quote saying comments from the panel trade remains the most significant issue indica ....

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Year 2024 will see changes

Time and time again the U.S. economy demonstrates the innate strength and adaptability that makes it the envy of the developed world. Despite multiple systemic shocks in recent years – ....

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American Indian College Fund Received $300,000 Grant from CoBank to Support Native College Students

The American Indian College Fund has received a $300,000 grant from CoBank to provide scholarships to American Indian and Alaska Native students over the next three years. Scholarship recipients who continue to meet program requirements can reapply for funding each year. College Fund President and CEO, Cheryl Crazy Bull said, "On behalf of the College Fund, I want to thank CoBank for this wonderful partnership that will help students obtain degrees that are so important to the financial well-being of our communities and the important relationship that we have with the land and its resources." ....

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