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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240712

With any recovery increasingly week. And the senate backs a bill to punish china for tightening its grip on hong kong. U. S. Banks may be hit if they continue to do business with beijing. Shery u. S. Futures flat at the open, after we saw u. S. Stocks jumping in late trade. Major indices all gaining at least one present in the regular session, after fluctuating through most of the session. We saw some moves to buy the dip. We have the pandemic in the u. S. Raging. The s p 500 rising the most in a week. Only banks were solidly in the green after regulators eased the volcker rule that will free up capital. We also had mixed data in the u. S. Jobless claims higher than forecast for a second straight week. Take a look at what oil is doing. We are seeing upside pressure, up 1 , around 1 , above 39 a barrel for wti. We saw whale under pressure earlier this week, but russia slashed exports of its crude to the lowest in at least 10 years. That gave crude prices a boost, haidi. Haidi as you men ....

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Transcripts For KQED Nightly Business Report 20240714

Welcome. Bill has the evening off. Well, wet. Made we made it through a week that stockminated by trade and goes were pretty much all over e place with ste sell offs and strong rallies, and today wasnt anyksifferent. Sttarted lower after President Trump said the u. S. Was not ready to strike a trade deal with china and then added to t tension by talking about Chinese Tech Firm huawei. Wre not going to do business with huawei. Were not doing business with them. I really made the decision. It is muchimpler not to do any business with huawei, so were not doingh business w huawei. That doesnt mean we wont agree to something if and when we t me de deal, but were not oing to be doing business with huawei. And stocks headed lower. The white house later clarified, saying it was only the government not buying from huawei, and with that stocks recovered a bit. The dow had been down ....

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