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Investor optimism fuelled a strong start to the week following the announcement of a temporary 90-day trade agreement between the US and China. This positive sentiment propelled the ASX200 up 1.3% so far this week (Monday to Thursday), with gains in technology stocks overshadowing declines in the utilities, staples, and REIT sectors.In this week's wrap, Grady covers:(0:36): the latest update on US – China trade(1:41): wage price growth & jobs data out this week(3:13): the rally in Xero, Aristocrat Leisure, GrainCorp & Life360(4:45): how the ASX200 performed this week so far(5:24): the most traded stocks & ETFs by Bell Direct clients(5:51): economic news items to watch out for.
Latest news from Australia and the world. - Te rejat me te fundit nga Australia dhe bota.
The Chinese government has hit back after United States President Joe Biden ordered the country's intelligence agencies to redouble their efforts to determine the origin of the coronavirus. - Qeveria kineze ka reaguar pasi Presidenti i Shteteve të Bashkuara Joe Biden urdhëroi agjensitë e inteligjencës së vendit që të dyfishojnë përpjekjet e tyre për të përcaktuar origjinën e koronavirusit.
Latest news from Australia and the world. - Te rejat me te fundit nga Australia dhe bota.
Difficult relations between China, the United States and Australia - Stanisław Leszczyński, an expert in trade markets and a lecturer at Canberra University Business School, talks about the growing power of China and it's impact on Australia. - Trudne relacje Chin, Stanów Zjednoczonych i Australii - o obecnej sytuacji geopolitycznej mówi znawca rynków handlowych i wykładowca na uniwersytecie Canberra University Business School, Pan Stanisław Leszczyński.
أستراليا هي أكبر مصدر للفحم المعدني في العالم وثاني أكبر مصدر للفحم الحراري المولد للطاقة في العالم
إنهاء العمل بدفعة الحفاظ على الوظائف قد يؤدي إلى تراجع في معدلات التوظيف في أستراليا وخسارة قرابة 145 ألف وظيفة على مدار عامين
The Aussie share market is eyeing a 3rd day of gains with the futures suggesting a 0.2% lift at the open after global equities charged and ratings agency Moody's affirmed Australia's AAA rating.What to watch today:CSR (ASX:CSR) holds its AGM.Following the gold rush, keep an eye on gold companies like Gold Road Resources (ASX:GOR), Newcrest Mining (ASX:NCM), Northern Star Resources (ASX:NST), Evolution Mining (ASX:EVN), IGO Ltd (ASX:IGO) & St Barbara (ASX:SBM).Local trading ideas:AMP (ASX:AMP) was reiterated as a buy by Bell Potter, increasing its target to $2.50 as AMP is set to receive $1.1 billion following the sales of its life insurance business on 30 June. Woolworths (ASX:WOW) was reiterated as a buy by UBS following the supermarket's stronger sales numbers announced yesterday, but weaker than expected profit.Perenti Global (ASX:PRN) mining services company was reiterated as a buy by UBS but it dropped its price target to $2.00. Citi reiterated Harvey Norman (ASX:HVN) as a buy with a price target of $4.60.
中國全國人民代表大會以大比數通過授權人大常委會制定「港區國安法」,針對四類罪行在香港執法,包括分裂國家、顛覆國家政權、組織實施恐怖活動等行為和活動,以及外國和境外勢力干預特區事務的活動。
Australia has welcomed international support for an independent coronavirus pandemic investigation as China has inflamed a bilateral trade rift by placing tariffs on Australian barley. By Praba Maheswaran. - COVID-19 விசாரணை தொடர்பிலான தீர்மானம் WHO வில் நிறைவேறியுள்ளமை மற்றும் சீனா ஆஸ்திரேலியா இடையே ஏற்பட்டுள்ள வர்த்தக விரிசல் பற்றிய விவரணங்களின் தொகுப்பு. தொகுத்தவர்: மகேஸ்வரன் பிரபாகரன்.
Taking its toll…China posts its weakest growth data in almost three decades, suggesting that the trade war with Washington is weighing heavily on the economy despite the 6.1% print for the full-year GDP coming in line with estimates. In the U.S., the Senate hears the charges against President Trump ahead of his impeachment trial as a government watchdog finds that the White House broke the law by withholding military aid to Ukraine. The S&P 500 hits a new record high, crossing the 3,300 mark for the first time, buoyed by robust bank earnings and data. And Google parent company Alphabet joins the trillion-dollar valuation club, only the fourth member in history, joining tech peers Amazon, Apple and Microsoft. We also hear from Microsoft CEO Satya Nadella who tells this channel his company is pledging to neutralise its carbon footprint within the next four years, investing up to $1bn in removal technology.
The biggest ever seen…President Trump hails the signing of Phase 1 of the trade agreement between Washington and Beijing but insists tariffs will remain in place until Phase 2 of the deal is completed. Vice-Premier Liu He says the deal is 'win-win' for both sides as well as on a global level and promises to increase foreign access to Chinese markets. In Russia, Prime Minister Dmitry Medvedev and the government resign following President Putin’s sweeping proposals to reform the constitution which could see his reign extended. We are also live in Riyadh where the Kingdom’s former head of intelligence, Prince Turki al-Faisal, tells CNBC exclusively that the Iranian regime is imploding.
Sign on the dotted line…Beijing and Washington are on the verge of inking Phase 1 of the trade deal but U.S. Treasury Secretary Steven Mnuchin insists that tariffs shall remain in place until China signs the second phase of the agreement. President Trump voices anger at Apple for refusing to work with U.S. authorities, helping to unlock its cell phones involved in criminal investigations. Meanwhile, earning season kicks off on Wall Street. Bond trading revenues have buoyed Citigroup and JPMorgan in the fourth-quarter, with the latter enjoying its most profitable year on record. And, the Obama-era Iran nuclear deal looks closer to unravelling as the E3 powers – the UK, France and Germany – trigger a formal dispute device in a bid to force Tehran to comply with the JCPOA. The move could lead to fresh UN sanctions. We also hear exclusively with BlackRock CEO Larry Fink who says climate change is the most serious challenge he has seen in four decades in finance.
Tehran in turmoil…furious anti-government protests spread from the Iranian capital across the country. Demonstrators demand the regime’s leaders step down after they admit Iranian forces mistakenly shot down a Ukraine International Airlines plane last week, killing 176 people on board. Asian stocks soar to 19-month highs as Beijing and Washington prepare to sign their ‘phase one’ trade deal, but weaker-than-expected jobs data and ongoing Middle East tensions caused Wall Street to close in the red last week. And Taiwan re-elects President Tsai-Ing-wen in a landslide victory, sending a strong message to Beijing about its attempts to gain control of the island's democratic government.
Relief rally…Chinese stocks outperform after the S&P 500 posts a fifth consecutive week in the green on the back of optimism surrounding the U.S.-China phase one trade deal. Washington launches airstrikes on Iran-sponsored militias operating in Iraq and Syria following the killing of an American contractor and warns Tehran of further military action. In auto news, Tesla begins deliveries of its Chinese-built Model 3 just one year after construction of the Shanghai Gigafactory began. And Nissan has reportedly called for sweeping spending cuts as a string of executive scandals and partnership tensions with Renault weigh on sales and profit.
Wall Street looks set to end the decade with a bang. The S&P 500 is up by almost 190% since 2009. Asian stocks see red ahead of Christmas, despite news that China will cut import tariffs on a range of products from January 1st, as both President Trump and Xi Jinping say the Phase One trade deal will be signed soon. In energy news, Berlin and Moscow accuse Washington of interference over U.S. sanctions linked to the Nord Stream 2 pipeline project in the Baltic Sea. And in India, Prime Minister Narendra Modi remains defiant in the face of nationwide protests and violence over controversial new citizenship legislation.
The S&P 500 tops 3,200 for the first time ever as U.S. Treasury Secretary Steven Mnuchin tells CNBC that ‘phase one’ of the trade deal with Beijing will be inked in early January. There'll be a new boss at Threadneedle Street. The FCA's Andrew Bailey is set to take over from Mark Carney as the Bank of England governor from February. We hear exclusively from the new European Union economy chief, Paolo Gentiloni, who tells this channel that monetary policy alone won’t be enough to move the bloc out of the doldrums. And in Washington, President Trump demands a speedy Senate impeachment process but looks to be frustrated by House Speaker Nancy Pelosi who intends to push the GOP to meet Democrat procedural demands.
News of a U.S.-China phase one trade deal continues to power a global rally as Wall Street hits fresh records and Asia shares scale 17-month highs. Boeing shares slide after the plane maker halts production of its troubled 737 Max model after U.S. regulators dash hopes of the plane returning to the skies this year. In currency news, sterling stumbles against the dollar on reports that the newly elected Johnson government will block moves to extend the Brexit transition beyond 2020, in a bid to accelerate an EU trade deal. And, following stress tests, the Bank of England gives all seven major UK lenders a clean bill of health, but tweaks the amount of capital lenders must hold in their coffers.
Phase One Done… the U.S. and China officially agree on the initial stage of the trade agreement. CNBC’s Hadley Gamble is in Doha where she speaks exclusively to U.S. Treasury Secretary Steven Mnuchin who says the deal will be signed early next year. However, the news comes as China reports mixed manufacturing and property data for November, casting doubt over the health of the world’s second-largest economy. Following Friday’s thumping general election victory, UK Prime Minister Boris Johnson says he will be ramping up efforts to get his Brexit deal swiftly approved. And in Washington, President Trump faces a historic House impeachment vote later this week.
Shoppers flock online helping Black Friday sales hit a record $7.4 bn in the second largest U.S. internet shopping day ever, with Adobe predicting an even bigger Cyber Monday. China's factory activity grows at its fastest pace in nearly three years in November sending Asian stocks higher, while state media says Beijing wants all existing tariffs scrapped as part of a phase-one trade deal. And a surprise in Berlin! The win of a new SPD left-wing leadership team puts Chancellor Angela Merkel's grand coalition on shaky ground.
A peaceful night in Hong Kong as thousands of protesters stage a ‘Thanksgiving Rally’ to thank the U.S. for its support, but the Hang Seng slumps as the city prepares for fresh weekend unrest. Trade deal doubts continue with Chinese stocks set to close out the month in correction territory, but major U.S. indices are on track to log their best month since June. Fitch warns the euro zone is at risk of ‘Japanification’, while British Prime Minister Boris Johnson snubs the UK's first ever climate-focused election debate. Plus, shoppers start to splash out on Black Friday deals, after balloons fly at the Macy's Thanksgiving Day Parade.
A strong start for Alibaba in its Hong Kong debut. Shares surge in the first day of trade, delivering a vote of business confidence to the protest-stricken Chinese territory. We’re live at the Hong Kong stock exchange with all of the details. U.S. stocks hit fresh record highs as investors hang on to any signs of progress towards a U.S. China trade deal, while top officials discuss an agreement over the phone. Fed Chair Jerome Powell gives another sign rates are set to stay on hold, saying the central bank is strongly committed to its 2 percent inflation target. Plus, Londoners may be looking for a ride as the city revoke’s Uber’s license over safety concerns, with the ride-hailing giant saying it will appeal the decision.
The Dow logs its longest losing streak since August, while stocks across Asia sit in mixed territory amid U.S.-China trade deal doubts. Fighting words from Chinese President Xi Jinping, who says he won't "flinch" from a trade war fight, adding that a 'phase one' deal must be based on respect and equality.The Hong Kong campus siege drags into a sixth day, as the Chinese-controlled city prepares to vote in local elections amid tight security. ECB President Christine Lagarde prepares to give her first high profile speech at the European Banking Conference amid concerns over record low rates. European consumer goods giants Unilever and Henkel are reportedly in talks with U.S. cosmetics maker Coty for its 7 billion dollar beauty portfolio.
Deal delay? Asian equities sink and the S&P posts its worst day in a month following reports that a ‘phase one’ trade agreement between Washington and Beijing may not be agreed before Christmas. However, during a tour of an Apple factory in Texas, President Trump hints that the tech giant could receive an exemption on tariffs for Chinese imports. We are live in Paris at the Women’s Forum Global Meeting where French economy minister Bruno Le Maire tells Karen exclusively that Europe cannot prosper and grow amid the trade war between the U.S. and China but he offers a glimmer of hope, saying that a limited resolution could be imminent. And in M&A news, LVMH has reportedly increased its bid for Tiffany’s with the classic jeweller granting the French luxury group access to its books.
On trade tenterhooks… Asian equities are mixed, looking for clues on trade negotiations, as White House economic adviser Larry Kudlow strikes a positive tone and China’s ambassador to the U.K. tells CNBC exclusively that Beijing wants to get a deal done. Speaking before the House Finance Committee, Federal Reserve chairman Jerome Powell says the U.S. economy is stellar and there is no reason it shouldn’t continue to grow, despite risks in manufacturing. The fallout from the first public impeachment inquiry hearings continues, with House Speaker Nancy Pelosi saying that President Trump’s behavior towards Ukraine is tantamount to bribery - a charge he vehemently denies. And in corporate news, Chinese e-commerce giant Alibaba is upbeat about the future in spite of the ongoing violence in Hong Kong, where it is launching its retail campaign for a $13bn listing.
No trade transparency! U.S. President Donald Trump leaves markets on edge as he threatens to ‘substantially’ raise tariffs on China if a deal can’t be reached, but suggests that an agreement is imminent. In a speech at the Economic Club of New York, Trump also criticises Federal Reserve chairman Jerome Powell for not following other central banks into negative rates, ahead of Powell’s testimony to Congress. The ongoing violence in Hong Kong also weighs on markets in Asia. Geoff joins the show from Singapore in a special edition of Global Squawk Box, while Steve and Hadley discuss energy market uncertainty in Abu Dhabi, as the IEA warns that global oil demand will contract from 2025 as the transition to alternative sources gathers pace.
The global rally cools as CNBC learns the signing of the first phase of the trade deal between the U.S. and China may now be pushed back to December, with the terms and location still to be decided. The Bank of England is expected to keep rates on hold as the U.K. December election campaigns lurch into gear. Prime Minister Boris Johnson launches the Conservative offensive amid ministerial resignations and senior party member gaffes. In corporate news, Tiffany is reportedly urging LVMH to increase its bid, saying the $14.5bn offer seriously undervalues the luxury group. We also have a glut of German corporate earnings today, including Siemens, ProSiebenSat.1 and Munich Re.
High Hopes…The Dow Jones, S&P 500 and the Nasdaq hit a fresh record high off the back of strong economic data and a renewed sense of hope surrounding the U.S.-China trade deal. The optimism is voiced by Chinese President Xi Jinping who calls for closer cooperation to solve global trade disputes at the opening of the China International Import Expo. There are also reports that Washington could be prepared to drop some tariffs to reach an agreement with Beijing. In corporate news, ride-hailing app giant Uber beats Q3 expectations but still reports a quarterly loss of more than $1bn. CEO Dara Khosrowshahi tells this channel he predicts the company will be profitable by 2021. And we are live at the Web Summit in Lisbon where we hear from Verizon executive vice- president Ronan Dunne. He says that the U.S. has what it takes to compete in the 5G arena.
美国有关单位指出,就在美中双方谈判后,本月可望和中国签署新的贸易协定。根据中国官方媒体新华社报导,中美这两大经济体在周五的电话会谈后,已达成基础上的共识。 - 美国有关单位指出,就在美中双方谈判后,本月可望和中国签署新的贸易协定。根据中国官方媒体新华社报导,中美这两大经济体在周五的电话会谈后,已达成基础上的共识。
The S&P 500 hits a new record high following the Federal Reserve’s decision to cuts rates for a third time this year. Chairman Jerome Powell says the current monetary policy stance is now likely to remain on hold but should the outlook change the central bank would be ready to respond. In China, manufacturing contracts for a sixth consecutive month and the cancellation of the APEC summit in Chile next month dashes hopes of a trade deal between Washington and Beijing. In corporate news, Apple’s soaring wearables revenues help the tech giant beat Q3 expectations, offsetting a slump in iPhone sales. Facebook also beats expectations in the third quarter but the results are overshadowed by rival Twitter’s announcement it will ban all forms of political advertising across its platform. And there’s big movements afoot in the autos sector with the board of French car maker PSA approving a tie-up with Fiat Chrysler, potentially worth more than $40bn.
Strong earnings and hopes of a U.S.-China trade deal drive the S&P 500 to a fresh record high, while investors bet on a third rate cut from the Fed later this week. In tech, Alphabet shares fall in extended trade after Google’s parent company misses Q3 profit estimates, as rising costs outpace a strong performance in ad sales. In the U.K., Prime Minister Boris Johnson loses his third attempt to force a snap election but vows to try again, while the EU agrees to a 3-month Brexit delay. Commerzbank shares close higher, as the German lender beats expectations with a surprise jump in quarterly profit, in results released ahead of schedule. And finally, Euro Zone leaders praise Mario Draghi’s vision, as he prepares to hand over the reigns after 8 years at the helm of the ECB.
Turkey gets sanctioned. The U.S. imposes immediate penalties on several Turkish ministers and slaps Ankara with a 50 per cent tariff on steel , demanding a halt to its military incursion into Kurdish-held northern Syria. We are live in Istanbul for the latest. U.S. stocks slip and oil prices extend losses as questions arise over the U.S.-China trade deal, despite U.S. Treasury Secretary Steven Mnuchin telling this channel that the first phase of the pact is ‘quite substantial’. China's September producer prices fall at their fastest pace in three years, while pork prices surge nearly 70 per cent pushing food prices higher. And it’s crunchtime for the U.K. and the EU. Brexit negotiators have battened down the hatches and entered so-called ‘tunnel talks’ ahead of a key summit later this week. The EU’s chief representative Michel Barnier says a deal this week remains possible.
在中美於下星期舉行新一輪高級別經貿磋商前,美國總統特朗普突然表示,中國亦應該調查美國民主黨總統參選人拜登及其兒子亨特。為何他會有此要求? 詳情請聽鄺美玲和梁焱剛的報導。 - 在中美於下星期舉行新一輪高級別經貿磋商前,美國總統特朗普突然表示,中國亦應該調查美國民主黨總統參選人拜登及其兒子亨特。為何他會有此要求? 詳情請聽鄺美玲和梁焱剛的報導。
Noted. The White House releases the transcript of the phone call between President Trump and Ukrainian president Volodomyr Zelensky, which reveal the U.S. president asked for help in investigating Democratic presidential candidate Joe Biden and his son over links to a Ukrainian energy company. We are live with the latest from Kiev as attention turns to the complaint from the whistleblower - expected to be made public today. U.S. stocks jump after Trump hints that a trade deal with Beijing could come sooner than expected while Washington signs a trade deal with Tokyo focused on agriculture, autos and digital. In the U.K., Prime Minister Boris Johnson returns to parliament since the suspension and is met by angry lawmakers demanding his resignation. And the ECB sees a high profile exit, as Sabine Lautenschlager quits from the central bank’s board over its latest easy money measures.
Global markets surge on fresh hopes of a resolution in the trade dispute between Washington and Beijing after President Trump says that China is ready to agree a deal, backing up his tough style of negotiation. We are live at the G7 in Biarritz, France where host President Emmanuel Macron has said he was willing to broker a pact between the U.S. and Iran over nuclear tensions following suggestions from both President Trump and President Hassan Rouhani that they were ready to talk. And in Italy, the Partito Democratico and Five Star inch towards forming a government as Prime Minister Giuseppe Conte meets with party heads.
A little way off record highs and a long way to go on a trade deal. U.S. stocks snap their winning streak as President Trump casts doubt on the progress of negotiations between the U.S. and China. Ahead of the G7 summit in Chantilly, France, Federal Reserve Chairman Jerome Powell reiterates that he will ‘act as appropriate’ to sustain the U.S. economic expansion amid increased global uncertainty. In Strasbourg, Ursula Von Der Leyen becomes the first female European Commission president, winning over MEPs with her vision of a greener, fairer Europe. In Washington, Facebook faces scrutiny over its plans to launch cryptocurrency Libra, while the Swiss firm set to oversee the currency’s privacy tells CNBC that is has yet to hear from the social media giant.
ສະຫະຣັດອະເມຣິກາແລະສາທານະຣັດປະຊາຊົນຈີນສົງຄາມກັນໃນດ້ານການຄ້າມາແລ້ວຊົ່ວຣະຍະນຶ່ງ ທີ່ມັນກໍເປັນສິ່ງທີ່ໜັກໜ່ວງຂຶ້ນຢູ່. ຈາກເຫດການດັ່ງກ່າວນາຍົກຣັຖມົນຕີອອວສເຕຼເລັຍ ລ່ວງໜ້າກອງປະຊຸມໃຫຍ່ ຊີ-20 (2019)ຮຽກຮ້ອງໃຫ້ ສປຈີນ ແລະ ສຫຣັດ ຈົົ່ງປະສານກັນຜ່ອນຄາຍຄວາມເຄັ່ງຕຶງການຄ້າກັນຣະຫ່ວາງສອງປະເທດມະຫາອຳນາດນັ້ນ. ນີ້ແມ່ນຍ້ອນທີ່ເອກຄະຣາຊທູດ ສປຈີນ ໃນອອສເຕຼເລັຍບອກເຕືອນຢ່າງໜັກແໜ້ນວ່າ ກ່ຽວກັບສົງຄາມການຄ້ານັ້ນ ສປຈີນ ຕຽມພ້ອມແລ້ວທີ່ຈະຕໍ່ສູ້ເຖິງໃນທີ່ສຸດ...
Asian shares rise on a report that the U.S. and China have struck a trade truce ahead of a meeting between Presidents Trump and Xi at the G20 in Osaka, Japan this weekend. President Trump also boosts hope of a possible trade deal as leaders make their way to the summit. In Miami, Democrat presidential candidates face off in the first round of debates with healthcare, immigration and Trump’s economic policies the predominant topics. In corporate news, there are rumours that the EU may give Vodafone the go-ahead with its $22bn takeover of Liberty Global, while activist investor Elliott Advisors confirms a holding in German chemicals giant Bayer.
Squawk Box anchors discuss the U.S. Federal Reserve's dovish interest rate hold for June but the central bank signals more cuts could be on the way, as Chairman Jerome Powell flags concerns about the health of the U.S. economy. The decision boosts U.S. equity markets while the 10-year treasury bill slides below 2 per cent for the first time in three years. Renewed positivity regarding a U.S.-China trade deal boosts Chinese markets and we speak exclusively to Huawei CEO Ren Zhengfei who has shrugged off concerns of a U.S. ban on his company. We are live in front of the Bank of England, as the BOE is also widely expected to hold rates later today while reaffirming the potential for a hike in the coming months. And in Brussels, European Council President Donald Tusk says he is hopeful of an imminent summit decision on who will fill the bloc’s leadership positions.
Squawk Box anchors discuss the on-going political crisis in Hong Kong where the Legislative Council has postponed debate over a controversial extradition bill in the face of mass street protests. China reports slowing factory inflation, however, consumer inflation is at its highest level for 15 months with food prices rocketing. In the U.S., the Dow ends a six-day winning streak, while President Trump’s top chief economic advisor Larry Kudlow tells CNBC that the U.S. will still maintain 3 per cent growth with or without a trade deal with China. And, Goldman Sachs CEO David Solomon fires off a warning to Trump, telling this channel that investors are concerned the President is using tariffs for his broader agenda. Among a number of M&A deals making the headlines, private equity giant KKR launches a takeover bid for German media company Axel Springer.
Squawk Box anchors discuss the latest sell-off in U.S. stocks amid the ongoing fears about the US-China trade war, with the Dow braced for its fifth weekly drop and its longest losing streak for 8 years. The yield on the U.S. 10-year Treasury also plunges to 2017 lows amid the risk-off sentiment and oil dips nearly 6 per cent before clawing back losses. Meanwhile, President Trump suggests Huawei could be included in an eventual trade agreement despite branding the Chinese smartphone giant as ‘dangerous’. Secretary of State Mike Pompeo tells CNBC the tech giant is lying about its ties to the Chinese government. Deutsche Bank chairman Paul Achleitner survives calls to oust him as the troubled German lender warns of cutbacks during its annual shareholder meeting. And we are live in Westminster where word on the street is that UK Prime Minister Theresa May could be ready to tender her resignation amid a cabinet backlash over her latest Brexit deal proposal.
The Chinese president has just declared a new "Long March" to global dominance in the face of American tariffs- Thom asks if Democrats will get behind majority American opinion, or cling to Clintonian free trade and thereby lose the 2020 election to Donald Trump. ~~~~ Thom reads from the Mueller Report, page 32- the further adventures of the Russian-funded Internet Research Agency and their communication with the Trump campaign. ~~~~ Thom continues his brilliant analysis of Trump's China trade strategy. ~~~~ How a 'Buy America' clause in a Green New Deal could invigorate our economy. ~~~~ Helen Rattner with Talk Media News puts her head together with Thom on China trade and other headline issues of the day. ~~~~ The latest economic data from the last three years shows Thom's book title 'Crash of 2016' was correct, but hidden by government deficit spending. Thom exposes the fundamental weakness of the structure of the Reagan economy we're living in, and argues we've got to get back to manufacturing things in this country again.
Squawk Box anchors discuss the strong start to Q1 earnings which have pushed the S&P and Nasdaq to new closing highs. Twitter also sees its stocks surge after beating expectations this quarter with President Trump hailing his White House meeting with CEO Jack Dorsey despite an earlier attack on the social media giant for alleged political bias against conservative voices. Deutsche Bank and UBS are reportedly holding merger talks between their respective asset management divisions which could create a European investment giant. And Washington is set to send a high-level delegation to Beijing next week in a bid to finalise a trade deal between the two countries.
Squawk Box anchors discuss the fall in Asian stocks from a nine-month high despite hopes of Washington and Beijing closing a trade deal by the end of next month. Luxury group Kering beats its Q1 sales forecasts – just – with help from Gucci but the company says Chinese demand remains strong. Meanwhile, online image-sharing company Pinterest is set to go public today with shares priced above its expected range at $19. And due later today in the US, the redacted Mueller report will finally be released to Congress.
Squawk Box anchors discuss Wall Street’s potential record highs after strong bank earnings and Asian stocks soar to a nine-month peak on hopes of Washington and Beijing striking a trade deal. We have an exclusive interview with Huawei CEO Ren Zhengfei from Shenzhen who believes his daughter’s arrest may be a politically motivated move by the US administration. Meanwhile, President Trump targets the Federal Reserve over its ‘killer’ tightening while outgoing ECB president Mario Draghi ponders the Fed’s independence. We also hear exclusively from Italian finance minister Giovanni Tria who says the US has so far not reacted negatively to Rome signing up for China’s BRI. And Tiger Woods claims victory at the Masters in Augusta – his first major title in over a decade.
Squawk Box anchors discuss last night’s crunch EU summit with Brussels granting the UK a flexible extension to its withdrawal from the bloc until 31st October this year. The Federal Reserve and ECB reinforce fears of a global slowdown causing a Chinese stock sell-off while US Vice-President Mike Pence tells CNBC exclusively that he agrees with President Trump on the need to lower interest rates. And US Treasury Secretary Steven Mnuchin tells this channel that Washington and Beijing have arrived at a trade deal enforcement agreement.
Có phải Mỹ và Philippines quay lại với nhau vì Trung Quốc khuấy động Biển Đông? - Có phải Mỹ và Philippines quay lại với nhau vì Trung Quốc khuấy động Biển Đông?