24 Burst results for "Fitch Ratings"
"fitch ratings" Discussed on WHAS 840 AM
"To speed on this side of the Waterson. Passed the fair grounds enough to hospital curve. Our next report in 10 minutes I'm Bobby Ellis News Radio 8 40 w H A s I'm Wook. Why Meteorologist a mammal? Oh, ceviche with the Thursday forecast that is starting out dry, but we're going to increase cloud cover through the afternoon. Watch for chances of some scattered showers and storms as we head into the evening hours highs near 66 degrees. That rain will end overnight with lows at a chilly 46. We hit 65 with a mix of clouds and sunshine tomorrow and a slight chance of a spotty shower in the afternoon. It looks cool to start the mother's Day weekend. Just 59 on Saturday with a chance of rain that you're wook. Why forecast a mammal Osa Veg, Kentucky Anna's breaking news, weather and Traffic station. Use radio Wait 40 w H A s Louisville and I Heart radio station. Good morning. It's six o'clock. I'm Well, Clark news radio a 40 wh s Our top story is in Frankfurt. That is where on Wednesday, Governor Andy Bashir discussed The state's financial situation, announcing that one of the big three credit rating agencies improved the state's financial outlook. From negative to stable, the governor says. That's good news for the economy. Suzanne Duval has more of report from Fitch Ratings says it reflects the Commonwealth solid ability to control revenues and expenditures to maintain fiscal balance, a declining reliance on one time measures and an elevated but still moderate long term liability position in a YouTube video governor Bashir applauds the news, saying the improvement further indicates Kentucky is poised to sprint out of the pandemic. These air all.
"fitch ratings" Discussed on WBZ NewsRadio 1030
"No hugs and now the classic chicken sandwich two for just five bucks. Price and participation may very limited time only. Kevin Brennan. WBC's traffic on the threes. Kevin and the forecast looking at some snow right now, the Doppler radar. This is up and down the western part of Massachusetts all the way from Great Barrington to North Adams and all the way into Vermont as well. So all of us could see some snow flying out there even some or extended flurries throughout the afternoon, and tonight that temp is going to plummet. Tonight is going to fall into the teens and the single digits Saturday and Sunday. We're not budging beyond 30 degrees. That's our high both days despite the sun There's more within DeVore early son giving away the clouds here in Boston, north and west of us, We could start to see some flurries and snow showers later this afternoon. I think that drops into Boston tonight. Ahead of that low forties real fields in the thirties, ending up in the twenties. Real fields fall into the single digits tonight, and then it's cold and blustery, both days of the weekend, real field single digits and teens tomorrow on Sunday, maybe a little more sun Sunday than Saturday. Clouding up upper thirties on Monday, and it looks like that storm with some snow stays south and west of Boston proper Monday night into Tuesday. We're keeping an eye on it. I thank you with meteorologist Tina Board WBZ Boston's news radio being said the high Today would be 45. You are spot on Dean 45 right now in Marshfield. Mostly cloudy there, though, and the coldest spot is Pittsfield word snowing. It's 34 degrees. Checking New England business. Here's Kim Carrigan. Analysts at Fitch Ratings say there's more to the Massachusetts labor market than meets the eye. In November. The state jobless rate was 6.7% but of people who have exited the labor.
U.S. retail sales plummeted as the nation entered a lockdown
"Retail sales plummeted eight point seven percent in March we hear more from correspondent Rita Foley sales plunged in a lot of categories clothing cars restaurants and bars the grocery store sales jumped nearly twenty six percent as Americans stocked up on food and consumer goods to ride out the pandemic if overall sales are this bad for one month what will the first half of the year look like Fitch ratings expects nonessential spending to collapse by as much as
Commerce locks up and retail sales plunge unprecedented 8.7%
"Sales plummeted a record eight point seven percent in March sales plunged in a lot of categories clothing cars restaurants and bars the grocery stores sales jumped nearly twenty six percent as Americans stocked up on food and consumer goods to ride out the pandemic if overall sales are this band for one month what will the first half of the year look like Fitch ratings expects nonessential spending to collapse by as much as half I read of Ole
Coronavirus-led global recession to be deeper than thought but hopefully short
"In a chilling reminder of how fast the corona virus epidemic has spread around the world Fitch ratings changes twenty twenty view on the global economy to deep global recession from slow growth in just ten days the credit rating agency said it now expects world economic activity to decline by one point nine percent this year on March twenty second Fitch had projected global GDP growth of one point three
"fitch ratings" Discussed on KQED Radio
"This is marketplace, I'm KAI Ryssdal. Let me do a quick call back to my interview with pizza off the IMF chief economist at the top of the program specifically that bit about central banks Federal Reserve just for instance, and their role in the global economy critical is the short version of her answer, I it because central banks and their independence or under some pressure right now here in the United States as we have reported from President Trump directly and his top economic advisors. But elsewhere as well as some new research from Fitch Ratings out this week makes clear that pressure could come with some economic costs. Marketplace's Tracey Samuelson is on that one. When the economy slows it can be tempting for politicians to look for someone to blame. And the central Bank is obvious. Somebody berry can green at the university of California Berkeley says you can see this in countries like India Turkey Argentina what's new is that the United States has showing the crowd. The Federal Reserve is the world's most important central Bank. So James McCormack with Fitch Ratings says if it seen as coming under this kind of pressure peak spects other central banks to there's an increasing amount of commentary coming from political leaders directed toward central banks and encouraging them to adopt easier monetary policies lowering interest rates or even non-traditional ideas like allowing the fed to fund government spending by printing more money McCormack says countries face slowing growth and growing debt. The temptation is in will be to look to central banks for for at least part of the solution. And that would be to allow inflation to run a little bit higher. A little extra inflation may not sound. So scary says can Kutner and econ professor at Williams College, but it can easily get out of hand if the central Bank is under pressure in a couple of years prior to elections to get the economy's run faster. And then in the years after the election experiences a hangover. Then you can see how this is going to set in motion a boom bust cycle. Kutner says it's really risky to prioritize short term political goals over long-term economic stability. I'm Tracey Samuelson for marketplace. This item today from the marketplace desk of correlation is not causation, except maybe sometimes it is Bank of America said today, it's going to bump it's minimum wage for hourly workers starting may the first BFA they is gonna pay two dollars an hour. More seventeen bucks a twenty dollar an hour. Minimum wage in a couple of years, and there have been minimum wage increases elsewhere lately as well Amazon's at fifteen dollars, Costco, the same target just it's going to thirteen bucks. A couple more next year federal minimum wage, by the way, seven dollars twenty five cents an hour. Marketplace's Mitchell Hartman looked into what's going on here. And it comes with this three word hint. And therein lies the correlation. Causation thing. Here's the three words tight labor market. Here's Mitchell Bank of America is setting a high bar higher than leading. Big box retailers way, higher than the federal minimum wage Daniel Jau at jobsite glass door says Bank tellers are making six point two percent more than a year ago, Bank tellers are not just distributing cash or things that ATM could do banks are realizing that they actually do need tellers they need humans to interact with their customers. Ten years into the economic recovery. Says Nick bunker at indeed dot com competition for workers as fierce there's fewer and fewer unemployed workers and workers out of the labor force who'd want work, so employers need to increasingly bid up wages. Just check out. These annual increases in the glass door survey cashier up five and a half percent bartender like Mike Murray up thirteen and a half percent back in October two thousand seventeen I started out at twelve an hour plus tips by the middle of last year. I was at seventeen an hour. Plus tips Murray's thirty he poor. Drinks and manages a popular brew pub in the Seattle area. He graduated college into the great recession things have gotten better. There's more demand for skilled people who stay around. So that gives me a lot of leverage small businesses are on the losing end of that equation says and p trick at visted business advisory firm or hearing a lot of the ios saying they have challenges with even getting people to show up for the first day of employment. Employers can't afford seventeen or twenty an hour. They're offering perks tuition reimbursement or training to get workers to.
"fitch ratings" Discussed on KCRW
"Hopefully and getting the unknown debris out of the way. Appreciate it for sixteen. Now KCRW. This is marketplace, I'm KAI Ryssdal. Let me do a quick call back to my interview with Gita goping off the IMF chief economist at the top of the program specifically that bit about central banks, the Federal Reserve just for instance, and their role in the global economy critical is the short version of our answer. I asked it because central banks and their independence or under some pressure right now here in the United States as we have reported from President Trump directly and his top economic advisors. But elsewhere as well as some new research from Fitch Ratings out this week makes clear that pressure could come with some economic costs. Marketplace's Tracey Samuelson is on that one. When the economy slows it can be tempting for politicians to look for someone to blame. And the central Bank is an obvious. Somebody berry I can green at the university of California Berkeley says you can see this in countries like India Turkey Argentina what's new is that the United States has showing the crowd. The Federal Reserve is the world's most important central Bank. So James McCormack with Fitch Ratings says if it seen as coming under this kind of pressure expects other central banks will to there's an increasing amount of commentary coming from political leaders directed toward central banks and encouraging them to adopt easier monetary policies, aka lowering interest rates were even non-traditional ideas. Like allowing the fed to fund government spending by printing more money McCormack says countries face slowing growth and growing debt. The temptation is and will be to look to central banks for for at least part of the solution. And that would be to allow inflation to run a little bit higher. A little extra inflation may not sound. So scary says Ken Kutner, an econ professor at Williams College, but it can easily get out of hand. If the central Bank is under pressure in the couple of years prior to elections to get economies run faster. And then in the years after the election experiences, a hangover, then you can see how this is going to set in motion a boom bust cycle. Kutner says it's really risky to prioritize short term political goals over long-term economic stability. I'm Tracey Samuelson for marketplace. This item today from the marketplace desk of correlation is not causation, except maybe sometimes it is Bank of America said today, it's going to bump it's minimum wage for hourly workers starting may the first BFA is going to pay two dollars an hour. More seventeen bucks a twenty dollar an hour. Minimum wage in a couple of years, then there have been minimum wage increases elsewhere lately as well Amazon's at fifteen dollars, Costco, the same target just to it's going to thirteen bucks. A couple more next year federal minimum wage, by the way, seven dollars twenty five cents an hour. Marketplace's Mitchell Hartman looked into what's going on here. And it comes with this. Three word hint. And therein lies the correlation. Causation thing. Here's the three words tight labor market. Here's Mitchell Bank of America is setting a high bar higher than leading big box retailers way higher than the federal minimum wage Daniel Jau at jobsite glass door says Bank tellers are making six point two percent more than a year ago. Ben tellers are not just distributing cash or things ATM do banks are realizing that they actually do need tellers they need humans to interact with their customers. Ten years into the economic recovery. Says Nick bunker at indeed dot com competition for workers as fierce there's fewer and fewer unemployed workers and workers, the labor force who'd want work. So employers are needing to increasingly bid up wages. Just check out. These annual increases in the glass door survey cashier up five and a half percent bartender like Mike Murray up thirteen and a half. Percent back in October two thousand seventeen I started out at twelve an hour plus tips by the middle of last year. I was at seventeen an hour. Plus tips Murray's thirty he pours drinks and manages a popular brew pub in the Seattle area. He graduated college into the great recession things have gotten better. There's more demand for skilled people who stay around. So that gives me a lot of leverage small businesses are on the losing end of that equation says an Petric at visted business advisory firm. We're hearing a lot of the ios saying they have challenges with even getting people to show up for the first day of employment employers that can't afford seventeen or twenty an hour. They're offering perks tuition reimbursement or training to get workers to stick around..
"fitch ratings" Discussed on Bloomberg Radio New York
"Word headlines, Debra. Menez? There are finally signs of agreement between the US and China we've been told that the two sides are working on multiple Emo us that would form the basis of a trade deal these cover areas, including agriculture, non-tariff, barriers services technology, transfer and intellectual property is expected to take longer to reach final agreement on bigger structural issues. China's chief negotiator lil- her Mamie, President Trump on Friday. Noel, President Trump has again threatened to impose tariffs on autos imported from the EU if talks fail to produce. A new trade deal is negotiations are continuing and that the EU team is tough to make a deal with the president is weighing a Commerce Department report on whether auto imports pose a threat to US national security. He has ninety days to decide whether to act on its findings which haven't been made public. Theresa May as facing a new threat to her story with some of her own ministers considering voting against her Brexit strategy and challenging her to sack them. Sources say up to fifteen ministers are involved part of a cross party efforts to prevent the UK crashing out of Europe without a deal. Meanwhile, three Tori MP's resigned from the party yesterday to join an independent group set up by former labor politicians, so with Brexit, and the UK has been put on a formal downgrade warning by Fitch Ratings as pointing to increase risk that the country could tumble out of the EU without an agreement in place. The surprise move that came outside of its normal ratings calendar placed the double a great on rating watch negative and said that a no deal outcome or a new relationship with the EU that undermines the economy. They result in a downgrade. Chinese Premier Li China's warning of the threat posed by short term lending, saying banks should offer longer laws to support. The economy Lee, reaffirmed that China's current monetary policy won't change adding that the government won't flood the system with excessive illiquidity the PBS cut the amount of cash. Banks must hold by one hundred basis points last month to encourage more lending..
"fitch ratings" Discussed on Bloomberg Radio New York
"The government shutdown is entering its twenty first day without a resolution in sight. The question becomes at. What point does this gridlock? Imperil? The US is triple a rating joining us now James McCormack global head of sovereign debt at Fitch Ratings training us from London James. Thank you so much for being with us. Fitch Ratings has sounded a bit of an alarm saying that if this government shutdown does drag on much longer it will consider a downgraded to the top rating that the US currently enjoys please explain. Yeah. That's right. I guess there's a couple of things that really come into focus really the longer. This goes on one is conflicted. With a note we put out last week. We said, you know, this foreshadows or more pronounced destabilization of policy-making that would include the standoff over the debt limit, which is really much more important than than the shutdown. I think we'd have to be quite concerned about that. And and the second sort of parallel track. Whereas we're thinking about is that the policy-making framework matters so much in the US because there are some pretty big fiscal policy. Challenges ahead in addition to the debt limit so the fiscal deterioration that's underway with deficits in order five and a half to six percent and the debt level where it is without at around one hundred percent the way we measure it without a resolution in sight kind of sets the fiscal trajectory of the US on a slightly different path than what we would see in other AAA. So we do have to think about it knows context. Well. Chairman of Powell drum Palo the Federal Reserve said at the economic club meeting that he's concerned about the level of the US debt. And that it is something that they have really no power over as a result. What do you think will will it take to get lawmakers to focus on it? Well, that's a very good question. Because lawmakers have not been focused on it for some time. This is a debt burden that has been creeping higher. Congress has not yet taken on the issues that need to be resolved. And the primary issue why the deficit continues to grow in addition to the tax cut tax cuts. We've just seen is really on the mandatory spending side, and that is going to be a very difficult issue for for politicians to to embrace. But at some point. Down the line that doesn't need to be addressed. If you look at Congressional Budget Office projections over the next ten years. It's very clear that there are two items two items on the spending side where things need to be need to be addressed is on the mandatory spending. And and the other is really interested. So both of those things are rising very quickly to the interest burden. Can't do much about that unless the debt comes down but mandatory spending something can be done about that. But it's very very difficult politically to get agreement on that. So James is there sort of a deadline for which the US has to come for come to a resolution for you to stop taking a look at the AAA rating. In other words, how long does this have to go on before you really do consider stripping the US of the top rating? Yeah. It's not so much about the shutdown. It's really more of a debt ceiling, and as you may you may know the debt ceiling comes back into the beginning of March. And then the treasury begins to use what he calls extraordinary measures at that point. So there's probably a couple of months before that really begins to buy when we last put took any rating action on the US was to put it on rating watch negative and that was back in twenty thirteen when when the period during which extraordinary measures operate with coming to an end. And there was no resolution in sight, we within forty eight hours of the so-called ex- date. And I think we would need to be in a position similar to that before we thought about a rating action. So that in turn down the road one thing that I don't understand though, if these situations keep arising, and it does not appear that gridlock is going to ease anytime soon in Washington, why not downgrade the US now. Yeah. I mean, we kind of down this road before. But not quite as pronounced. And that's why we're that's why we're talking about it now because we want to make sure that you know market participants. In other observers understand our position if were to take the rating action on the US, we want that to be as well flagged as possible. And so we are seeking about it now because it's an issue that we think the markets should be made aware of. But we're not in a position to suggest that this is definitively going to happen. So there's still plenty of time for congress and the White House to act to resolve both feed the shutdown and then subsequently to to address the debt limit manufactured happens as it has in the past. Then the AAA rating is is is probably sound James. If you believe that a recession is coming in two thousand nineteen would that change any of your ratings? I don't think so I mean the rating is supposed to be resilient. True and economic cycle. We don't see a recession in fact in in twenty nineteen. We don't see a recession in in in twenty twenty either we certainly see slowing growth, particularly as the fiscal stimulus begins to fade in twenty nineteen. We will have weaker growth towards the end of the year. Two twenty twenty we see growth only in the in a ram two percent in this year. We see it it sort of two point six percents. So definitely a slowing of growth, but not a recession. And I don't think we would be wanting to suggest that the US rating was under under any kind of threat from out from a normal economic cycle, including one that was inclusive every recession we're gonna leave it there. But thanks very much for being with us. James McCormack is global head of global sovereigns and supernational at Fitch Ratings. Speaking about the US sovereign debt rating at a time when there's a bit of buying the treasury market right now, the thirty year trades at three point zero two percent up twenty seven thirty seconds the.
"fitch ratings" Discussed on WBZ NewsRadio 1030
"Well, bad is December two thousand eighteen was for Wall Street January twenty nineteen keeps shaping up to be pretty good. The market is off to its best beginning to a year in a decade as the main indexes added another percent each yesterday in about a half percent. So far today right now, the Dow gaining one hundred thirty five NASDAQ up thirty eight s and p five hundred rising nine points as hold high for a resolution to the US China trade standoff amid talks this week and despite the World Bank cutting its forecast for global economic growth and now Fitch Ratings service, according to Reuters warning of a possible cut to the US AAA credit rating at the government shutdown continues into March causing a debt ceiling standoff later this year. Andrew O'day, Bloomberg business on WBZ. Boston's newsradio. A new study by the American Cancer Society shows cancer death rates in the US have been falling for at least a quarter century. Rebecca Segal is lead author of the report it's important because it's a touch point of what's going on in cancer in the United States right now. And we can only act on information that we have the information lifestyle changes play a significant role a decrease in smoking. In addition to early detection are being credited for lower rates of the four major cancers. Bruins one again last night. But hockey is that the only focus for the B's right now WBZ's. Adam Kaufman tells us football is also top of mind, we talk about it all the time. If there's one thing that special about Boston's pro sports teams aside from all the winning. It's the way they support one another when the Red Sox won the World Series, a couple months back many of their players coaches and executives made the rounds. With the championship trophy taking a duck boat into Gillette for a patriots game dropping the puck for Bruins game and showing up during a time out of a Celtics game. We've been fortunate. See the same display many times the last two decades. Well, the pants starting their run to another Super Bowl Sunday afternoon Foxborough against the chargers. B's leader. Patrice Bergeron arrived yesterday's morning skate. The patriots winter hat a Tuque. If you will he was asked if he was trying to bring the football, fellas luck. Yeah. Hopefully, you know. You know that they won the Super Bowl wet. So I'm trying to bring some good luck to them. The patriots Twitter account saw the dressing room video and thanked Berge on for his support. Hopefully, we'll see the pats and another Lombardi trophy had the garden this time next month. Adam Kaufman, WBZ Boston's NewsRadio. One thing we know here in Boston is traffic and in Seattle today. They are simply saying brace yourself a major downtown roadway along the waterfront is set to shut down for good and officials in the Pacific northwest say this will be one of the most painful traffic periods in the region's history. A new tunnel is replacing the Alaskan way viaduct which carries ninety thousand vehicles each day. But that tunnel won't be open until weeks after the via dot closes this week. And in Boston the symphony of traffic is getting to everyone, including our own Karl Stevens he made a video yesterday with hands on the wheel and time on his hands and needless to say it translates to radio..
"fitch ratings" Discussed on AP News
"Significant milestone for Waymo which began as a secretive project within Google in two thousand nine the service dubbed Waymo one at I will only be available to a couple of hundred riders all of whom have already been participating in a free pilot program that began in twenty seventeen it'll be confined to a roughly one hundred square mile area in and around Phoenix. Fitch Ratings has downgraded Sri Lanka's long-term. Foreign currency issuer default rating, a statement Fitch says Sri Lanka's ongoing political upheaval, which has disrupted. The normal functioning of parliament exacerbates, the country's external financing risks a court order, the country's disputed prime minister and his ministers to refrain from conducting their duties as it. Here's a case challenging their eligibility to hold office after losing two no confidence votes in parliament fit says that lowered the country's rating to be from b plus with a stable outlook reflecting heightened external financing risks uncertain policy outlook and a slowdown in fiscal consolidation. Several senators now say they're even more convinced Saudi Arabia's crown prince was involved in the killing of Saudi journalist Jamal kashogi AP, Washington. Correspondent saga megani? Reports on their meeting with the CIA the Trump administration's been reluctant to blame. Mohammed bin Salman, we have no smoking gun Pentagon chief Jim Mattis last week. But after listening to CIA director Gina built, there's not a smoking gun. There's a smoking saw GOP Senator Lindsey Graham says there's zero chance the crowd prince was not involved foreign relations committee chair. Bob corker says they've been summoned went before a jury. He would be convicted in thirty months. Senators are looking for a way to punish the Saudis, but have not yet figured out. Exactly how saga megani Washington. Hi. I'm Megan crane AP digital manager and host of the podcast ground game. I look at the top political issues bubbling up around the country ahead of this year's midterm elections. It's available on apple podcast. In podcast one while you're there be sorta subscribe rate and review it that's the podcast ground game. AP radio news. I'm Rita Foley lane. Searchers have.
"fitch ratings" Discussed on AP News
"To the digital news network. A late night comedians been silenced by throat problem. But APR statement editor Oscar wells Gabriel reports that doesn't mean the host was sidelined. This is the daily show with Trevor. No, it was his show. All right. But it wasn't his voice you've probably noticed. This is a little different. That's like a Kosta one of the comedians on the daily show doing Trevor Noah's monologue as Noah sappy side him doing hand and facial gestures. Why was Noah silent over the weekend? I lost my voice. And my doctor told me not to speak at all. Or I might get surgery ROY wood junior also joined no for some of the opening segment. It is unclear how long will be out of commission or how the hosting duties will be handled going forward. I'm Oscar wells Gabriel. Police say a man released from jail didn't go very far before committing his next crime. They say he stole a car from the jail parking lot. It happened at Westmoreland county prison in Pennsylvania police say that just moments after convicted drug dealer thirty six old Thomas Lee Williams was released. He attacked a woman in the parking lot and stole her car with the victims one year old child in the back seat. The Tribune review reports Williams crashed about fifteen minutes later and ran into the woods where he was caught and arrested again now he's back in jail on two hundred fifty thousand dollars bail, both the boy and his grandmother were taken to hospitals to be checked out. Fitch Ratings has downgraded Sri Lanka's long-term foreign currency issuer default rating in a statement Fitch says Sri Lanka's ongoing political upheaval, which has disrupted. The normal functioning of parliament exacerbates, the country's external financing risks a court order, the country's disputed prime minister and his ministers to refrain from conducting their duties as it. Here's a case challenging their eligibility to hold office after losing two no confidence votes in parliament fit says it lowered the.
"fitch ratings" Discussed on AP News
"The delivery includes forty mice and thirty six thousand worms for aging and muscle studies. Scientists expect a tenfold increase in the worm population. The launch was delayed for a day because of a problem with food for the mice NASA discovered Monday that the food for the mouse, turnouts was moldy more food was rushed in from California. Fitch Ratings has downgraded Sri Lanka's long-term foreign currency issuer default rating in a statement Fitch says Sri Lanka's ongoing political upheaval, which has disrupted. The normal functioning parliament exacerbates, the country's external financing risks a court ordered the country's disputed prime minister and his ministers to refrain from conducting their duties as it. Here's a case challenging their eligibility to hold office after losing two no confidence votes in parliament fit says it lowered the country's rating to be from b plus with stable outlook reflecting heightened external financing risks uncertain policy outlook and a slowdown in fiscal consolidation. President Trump's accused of profiting from his presidency because of his last respects, I'm Tim Maguire AP newsman that the public streaming a flag draped casket a former president George H W Bush as he lies in repose in his church fifty years Saint Martin's episcopal in Houston at his Washington funeral the forty third President, George W Bush eulogized his father us his was the brightest of a thousand points of light also delivering a eulogy longtime friend former Wyoming Senator Alan Simpson who called the forty first president one of nature's noblemen his epitaph, perhaps just a single letter. The letter l for loyalty. It pours through his blunt after a service in the morning. Bush will Gary at his presidential library tomorrow at Texas AM one of seven crew members has been found and is in stable condition. The search continues for six others in the waters of the Pacific. Some two hundred miles off the coast of Japan. Japanese defense officials say a US marine f a eighteen fighter jet and a KC one thirty collided. I'm Tim AP digital news back in a moment. Introducing.
"fitch ratings" Discussed on WAFS Biz 1190
"Goldman Sachs saying that the key focus is going to be on revenue. It's going to be on cost progression. You've got Morgan Stanley. They're looking again. I mean, they're overweight from this particular company agreeing that good operating leverage will be key to HSBC's positive Charles guidance. Some other lines coming through here just to keep everybody in the loop. You've got the adjusted expected credit for the third quarter at five hundred seven million dollars. We know have commentary as well. From Mr. Flint from HSBC says it's encouraging the numbers are encouraging they demonstrate revenue potential. It also comes down Stephen to the high board live or spread that's been especially in domestic markets in the UK and Hong Kong. Yeah. That's right. Given the rising rate environment. Here is they follow the fed that there would be a boost to the net interest margins here, we did talk to Fitch Ratings senior analysts though earlier this morning saying though, the competitive environment here in Hong Kong will not necessarily translate higher to higher net interest margins because of the higher high board that we have seen, but that could be if we're in a long tightening cycle that could be a long term growth for the bag. But right now, still not according to Fitch Ratings a going to be a big boost. I'm just looking at these numbers we can kind of give it a percentage rise that third quarter just a pretext prophet as I said beating the estimates by sixteen percent. So it's a fairly healthy arise over the estimates. The adjusted revenue increase that they mentioned just a few minutes ago, a thirteen point eight four billion that is a nine percent rise as well. So a fairly good numbers. But again, John Flint the CEO who took over earlier this year. His emphasis really is going to be on Asia. They get about seventy seven percent in the first half of justed pretax profit from Asia. He wants to continue that trend. He wants to go into China. He said he wants to raise his hand. It'd be one of the first banks to be a London based banks to list in the new Shanghai. London stock connect that could happen as early up and running as early as December. We'll we'll have to wait and see until this afternoon. Three thirty time that we're going to get the conference call from these executives at HSBC. Yes. Even I was just about to ask John, of course, about eight months into the job. So not that new. But then again, he's had time now to really rush forward on some of his strategy. What are you going to be looking out for on the conference call, and what do you think investors are going to be watching for? Yeah. They're going to want an explanation on the negative jaws. Definitely and win that will likely turned around because they have been kind of telegraphing that they're going to get this turned around. So what knocked it back down. But also again, the Asian expansion. There is such a high reliance on Hong Kong. I mean, forty nine percent of their pre-tax profits comes from this market alone. And this is a market where the stock market is down seventeen percent. They are feeling the effects of the trade war between China and the United States where else can you find growth and keep in mind eighteen percent of their pretext profit comes from the UK market. You have that thing called Brexit as well. I think I've heard of that. Yes. It's continue the Bank earnings theme. Devise largest lender. Emirates NBD posted a sixteen percent increase for the third quarter profit this week top analysts estimates use of in tracing got more on that. And the other regional corporate news with our Middle East. Equities markets reporter, Philly Pacheco. The numbers are just out. And we see that it was better than analysts were expecting. This is stoking two boys. One of the stuck is doing the best in this market. So far this year. There's a story behind the name that we are watching closely and anyone looking at banks in the region right now having might which is the fact that they approved the increase in foreign ownership. Limit earlier this year it will go from five percent up to twenty percent. But the thing is nobody knows exactly when this is going to be implemented. We knew that the numbers are good. The people are bullish on the day. And we probably should a reaction in the market during trading session today. But if we have any kind of DT or clarity about win. This lemon dish will happen. We should even higher jump for joining a higher jump Felipe eight let's turn over to Saudi Arabia. Because of course, we've had so much headline risk there over the past couple of weeks. HSBC CEO John Flint said yesterday that he thought. The drama over the shock of fare wasn't going to actually impact investor appetite there. What are you hearing from people on the ground? Tracy. That's a very good point. Because right now, we it seems like people are getting back to what they were looking before the whole has showed. She's saga started last week. We do know that foreign outflows were huge last week by foreigners and by retail institutional investors continue to buy and basically to support the market in Riyadh. But right now, we still hear a lot of people bullish banks numbers are coming out and most analysts are still quite bullish. Especially on those names that will be added to the end footsie list next year, and we hear a lot of pessimism towards consumer names and anything related to retail consumption, because that's also as we know a very big topic in Saudi right now, how many people were living the country because of Saudi ization, and how is that impacting the the number in the performance off those consumption names? So it seems like things are coming back to normal volatility. Look a lot has a faded a lot. It was extremely high two weeks ago. And now it's back to levels that we saw earlier this month in a close to September levels. So it seems like things are coming now a little bit. We're almost at the halfway point. Now in terms of earnings fifty eight companies on one hundred and seventy one on the Saudis, Adele have reported so far what are some of the other names that you're looking at for the next forty eight hours. Interesting named that that started the earnings story in Saudi is Zane say, for example, it's the local subsidiary of saying, you know, it's from Kuwait and the performing quite well yesterday in Riyadh up almost seven percent. We maybe we should see a rally continuing today because it's the first time it's the first quarter that they present a positive result in in four. So the I think people were lacking. And they're looking for the good stories in the Saudi market right now. Especially after the punish the market wasn't the best two.
"fitch ratings" Discussed on Bloomberg Radio New York
"Lines hitting the Bloomberg the red headline, then a beat on the pre adjusted tax six point one nine billion dollars, the company compiled estimate was for five point seven three billion dollars important to point out here. Adjusted jaws for nine months eighteen was negative one point six percent. Remember that analysts had always set at a third consecutive disappointment on operating jaws would be received very negatively, the, of course, is their way of measuring income growth versus cost growth. Also, some other important numbers there, Tracy from the Bank. Yeah. Lots of numbers to dig through. We're still getting some of those headlines coming through on the Bloomberg. But let's go over to our north Asia. Correspondent Stephen Engle. He's going to digest those for us. Justed pretense prophet is better than expected from the company compiled estimate of five point seven three billion coming in at six point one nine billion. But as use of just said that negative jaws for third consecutive quarter is something the market has been looking for in fact, HSBC the Bank itself has been kind of guiding the jaws of in positive territory for the second half, but they have fallen into negative territory for three consecutive quarter. Of course, Jon is the ratio of income growth versus cost growth. So they have not necessarily. I would assume from this giving their cost structure in line or they have not boosted their income growth necessarily enough. Goldman Sachs ahead of these numbers were saying the all the eyes will be on third quarter revenue momentum. And I'm just looking to see if we can get some third quarter revenue numbers. Yes. Third quarter adjusted revenue thirteen point eight billion dollars. The estimate was thirteen point six eight. So it's a slight beat on the revenue front. But again they've continued in negative jaws for third consecutive quarter. And as you rightfully said Yousef, a third consecutive negative jobs would be received a very negatively we're in the lunch break at Hongkong. The HSBC shares had been up slightly ahead of the results. Yeah. It's interesting. Stephen I'm looking here at some of the commentary. Goldman Sachs saying that the key focus is going to be on revenue. It's going to be on cost progression. You've got Morgan Stanley. They're looking again. I mean, there are overweight, and this particular company, and they're agreeing that good operating leverage will be key to HSBC's positive jaws guidance. Some other lines coming through here just to keep everybody in the loop. You've got the adjusted expected credit losses for the third quarter at five hundred seven million dollars. We know have commentary as well. From Mr. Flint from HSBC says it's encouraging the numbers are encouraging and they demonstrate revenue potential. It also comes down Stephen to the live or spread. That's been absolutely key. Especially in domestic markets in the UK and Hong Kong. Yeah. That's right. I mean, you would think given the rising rate environment. Here is they follow the fed that there would be a boost to the net interest margins here, don't go. We did talk to Fitch Ratings senior analysts though earlier this morning saying. Oh, the competitive environment here in Hong Kong will not necessarily translate higher to higher net interest margins because of the higher high board that we've seen, but that could be if we were in the long tightening cycle that could be a long term growth for the bag right now still not according to Fitch Ratings a going to be a big boost. I'm just looking at more of these numbers. We can kind of give it in a percentage rise that third quarter just a pretext prophet as I said beating the estimates by sixteen percents. So it's a fairly healthy arise over the estimates. The adjusted revenue increase to they mentioned just a few minutes ago, a thirteen point eight four billion that is a nine percent rise as well. So a fairly good numbers. But again, John Flint, the CEO who took over earlier this year his emphasis really is going to be on Asia. They get about seventy seven percent in the first half of justed pretax profit from Asia. He wants to continue that trend. He wants to go into. China. He said he wants to raise his hand. It'd be one of the first banks to be a London based banks to list in the new Shanghai London. Stop connect that could happen as early up and running as early as December. We'll we'll have to wait and see until this afternoon. Three thirty time that we're going to get the conference call from these executives at HSBC, Stephen. I was just about to ask John Flint, of course, about eight months into the job. So not that new. But then again, he's had time now to really push forward on some of his strategy. What are you going to be looking out for on the conference call, and what do you think investors are going to be watching for they're going to want an explanation on the negative jaws? Definitely and win that will likely turn around because they have been kind of telegraphing that they're going to get this turned around. So what knocked it back down. But also again, the Asian expansion. There is such a high reliance on Hong Kong. I mean, forty nine percent of their pre-tax profits comes from this market alone. And this is a market where the stock market is down seventeen percent. They are feeling the effects of the trade war between China and the United States where else can you find growth and keep in mind eighteen percent of their pretext profit comes from the UK market. You have that thing called Brexit as well. I think I've heard of that. Yes. Stephen thinking over here, of course, HSBC announcing an interim dividend per share of zero point one dollars. And in the past nine earnings. You've got five of them would stock reacted negatively to the earnings announcement people call sign that for you. But let's get you a bit of a preview of what's coming up. We'll talk about.
Business leaders drop out of Saudi conference
"Adabayo in the desert joining that growing list of withdrawals following the killing of Jamal kashogi. A critic of the kingdom at the consulate in Turkey M U, F G Bank. Limited CEO kindness. Suge Mike won't attend the future investment initiative conference that begins on Tuesday. The deputy president of the unit of Mitsubishi UFJ financial group will go. Instead Mexico's next government wants its national oil company to prioritize making gasoline for Mexicans and stop sending barrels of crude abroad that as we hear from Bloomberg's Charlie Pellett. Fitch Ratings isn't sold on the idea. Fitch downgraded Petroleos Mexicanos outlook from stable to negative becoming the first credit rating company to change its outlook on the state oil producer since Mexico elected leftist
"fitch ratings" Discussed on Bloomberg Radio New York
"It's twelve thirty in Hong Kong and Beijing city and Sydney on all the headlines. After the deadline on tariff consultation. China's still doesn't know if President Trump will go three with this threat to slap duties on two hundred billion dollars of imports. The public comment period expired, midnight eastern or in Beijing, and there's every indication the president will order further measures Fitch Ratings says an escalation in the trans-pacific trade war could not four tenths of one of global growth next year. Says Wall Street could also take a hit of President Trump decides to get tough. The Bank says equities plunged five percent of the administration imposes duties on roughly half of all the goods the response from China. That would be the biggest to trade the stock since April UBS also says such a scenario has not been priced in by the market. Has permanently suspended conspiracy? Theorist Alex Jones and the account for his info wars website says posted on Wednesday, violates the company's abuse and harassment policies. Twitter didn't specify the content that led to the decision related to abusive behavior, apple Facebook and YouTube last month, also urged calm taint from the right wing. Nike shares rose a second day or covering more of what they lost on cabinet has billboards of controversial ad campaign. Went up in New York and San Francisco raised more than three billion dollars market cap since the ad launched of now, I is valuing the media exposure generated multiple hundred and sixty million. Says about forty percent of that publicity is positive. Absolutely good news at last following years of dire warnings about policing on the Great Barrier. Reef Queensland now says it has a positive update experts say some areas of the Rafer shutting what's substantial signs of recovery. Twenty three hundred kilometers long. The reef was system to win UNESCO world heritage status. Global news twenty four hours a day on and on Twitter by more than twenty seven hundred journalists and analysts a moment. One hundred twenty countries. This is..
"fitch ratings" Discussed on Monocle 24: The Briefing
"Let's turn to the latest business news. Now as the clock ticks through twelve or six in London. Italy's populist leaders have brushed off their finance ministers, attempts to reassure investors. You imports from Bloomberg joins us on the line good afternoon to you. You and what's the latest from Italy. Told me it's lots of investor focus on Italy's budget for next year. We expect in the next few weeks to get some more details from the populist governments and next year's budget light. See the deficit almost doubled a touch, the European Union's three percents deficit singing that's going to deputy prime. The Matteo Salvini a lot of focus on from investors on this. The governor, of course, has some very expensive election promises, but the the government, they're saying that they will try to respect all the European hurdles, but the wellbeing of Italian citizens comes first Fitch Ratings on fighting on the main rating agencies cited budgetary concerns as it changes outlook on Italy to negative from stable, but they didn't actually move down the rating on the debt which to some people was a bit of a relief Italian currently, two notches above junk status. Italian bonds today actually up slightly with the yielding yield of three point one, nine percent. Now the yield. On Italian bonds has risen since the government took over in June's, suggesting that it will cost Italy more to borrow as time goes on. Now, another country that you and I have discussed frequently on this program in is Turkey, obviously, very sort of incendiary quite turbulent recently and some inflation data today. I don't know what are we going to what should be the takeaways from this? Yeah, fascinating. The economic story in Turkey, Tom, soggy, central banks digging today. The high interest rates are in the offing after inflation rose more than forecast in August and also producer prices surging. Now, the central Bank in Turkey says that the monetary stance will be adjusted at the September Monchy policy meeting in view of the latest developments a not very coded warning that we will probably see high interest rates in Turkey. Now, the data, the came out this morning pretty startling seventeen point. Nine percents is the current annual rates of price rises for consumers in Turkey because we've grown. In Houston. The west are having very little inflation prices not rising a tool that is not the pitcher in Turkey. The slumping lira means that imported goods become much much more expensive for Turkish. Consumers Turkish producer prices while they're rising at thirty two percent a year. So that suggesting that this some gap between producers a paying in what they're passing onto consumers, but that won't last forever. So eventually those high producer prices. We'll also get passed on to consumers. Now that's a rate rise from the circuit Turkey. Central Bank when we get it puts them at odds with president urged one, he said he doesn't want to see rates rising. He wants to see focus on economic growth in Turkey, and he doesn't really believe in rising interest rates as a way of stemming inflation. But certainly inflation is something of a problem in Turkey at the moment. And did it is always good to hear from you that was offering to you? Imports from Bloomberg joining us here on the briefing..
"fitch ratings" Discussed on Bloomberg Radio New York
"And emerging markets dropped as investors assessed the complex outlook for international trade US financial markets are closed for Labor Day in Asia the Nikkei was down about seven tenths percent the Hang Seng and. Hong Kong lost six tenths percent the footsie in London is up almost eight tenths of a percent the Dax, in, Germany off three. Tenths percent the. CAC in Paris down almost eight tenths of a percent the British. Pound dropped his much as half a percent against the greenback after British Prime. Minister Theresa may ruled out a second referendum on Brexit in an article. For the Sunday, Telegraph newspaper President Trump's slammed what he termed decades. Of, abuse by Canada with a. New threat to terminate the North American Free trade agreement a day. After talks with the US northern neighbors stalled hours before a, deadline there is no political necessity to keep Canada. In the new NAFTA deal said Trump if. We don't make a fair deal for the. US after decades of abuse Canada will be out talks resume this coming week Italy's rating outlook has. Been lowered by Fitch Ratings we get more from. Bloomberg's Charlie Pellett Mark Fitch says the fiscal. Plans of the new government risk a degree of fiscal. Loosening Fitch lowered Italy's credit outlook to negative from stable it did. Maintain its foreign long-term credit rating at triple. Be concerned about Italy's budget has been an investor focus this. Summer with bond yields pushed higher in response to the new populist governments expensive electoral promises Charlie Pellett Bloomberg radio global news twenty four hours a day powered by more than twenty seven hundred journalists. And analysts in more than one hundred twenty countries I'm Mark mills.
"fitch ratings" Discussed on KDWN 720AM
"Fitch. Ratings show, home sold in the Las Vegas metropolitan area are twenty one point three percent above fair market value and. Are believed, to be one of the most overvalued markets in America lake Mead we'll be able to meet the demands of. The south western states that uses water for the next thirteen months then a looming shortage could trigger mandatory cutbacks in, late twenty nineteen and nearly twenty year trend of dryer regional climate coupled with rising demand could drain so much water from the lake that the mandatory cutbacks would go into effect President Trump's stripping the security clearance of. One prominent critic, and reviewing clearance by others who have blasted him the president says former CIA chief John Brennan. Shown erotic conduct and, behavior and. Making wild allegations against the administration spokeswoman Sarah Sanders. Read a statement. In which the president said he's also reviewing clearances of, Jim Komi Jim Clapper Susan Rice. And other critics many served under President Obama and Sanders was asked if this can be seen as targeting critics all the president has the, constitutional responsibility to protect. Classified information, and who has access to it Colmey and former FBI deputy Andrew McCabe was also on the list don't. Even have, clearances right now saga megani at the White House China is sending a trade on void of the United States. In a renewed effort to end a worsening tariff dispute that has raised fears it will kill global economic growth the, ministry has announced that the delegation led by deputy commerce minister will visit Washington in late August to discuss issues of mutual concern it gave no details of a possible agenda the two governments are poised to impose a. New round of, tariff hikes on six billion dollars of each other's goods next week in the worsening conflict over Beijing's technology Policy this month meeting would. Be the first between senior US. And Chinese officials since the talks in. Beijing on the third of June. Which ended with no settlement I'm Sarah shakily portion of. US ninety three was closed for about, three hours, Wednesday after a suicidal person. Was reported on the Mike, O'Callaghan Pat Tillman memorial bridge Nevada highway patrol closed the bridge in both directions cutting off the quickest route between.
"fitch ratings" Discussed on KOMO
"KOMO AAA traffic time. And marinas here was the. Massive issues in the five areas that right oh for sure southbound I. Five at seventieth just before fifty four if there is a crash that's taking up the two right lanes this is causing stop and, go traffic, that starts just about military or you know just south of two eighty, eight you'll start to see the slowdown and then, it really get socked in as you. Head down towards the fife curve once you break. Free from that you're looking good through, Tacoma northbound I five very slow, from highway sixteen through Tacoma however, up to Portland. Avenue now the, area that's really struggling is in canton the, Cantu moins road eastbound. At meager two left lanes are blocked the left lane in the left turn lane that are blocked with it looks like. Police activity it's the, involving, the, remembrance of the camp police officer Diego Merino so that's why we have stop and go traffic from I five so it's not necessarily an incident that's, happened they are but just know that police activity is moving through that. Area, southbound one. Six seven the shoulder is blocked just past eighty. Fourth because of a crash that's been clear but it's stop and, go traffic from forty first getting difficult getting into Seattle factor that, the slowdown begins, in shoreline at one forty fifth. As you roll into Seattle both, directions of four or five struggling in the buffalo area because of an earlier problem. You're next KOMO traffic at twelve, twenty four the KOMO forecast is sunny and hot for today tomorrow Sunday and Monday, then, things start to change. So, for today through Sunday about ninety degrees within, a couple of degrees of that is safe bet probably Sunday's the warmest of the next several days Tuesday we'll get down into the. Low eighties Wednesday mid seventies. Right now sunshine and seventy five degrees at. KOMO news Stay connected, stay informed. Seattle's only twenty four hour. News station KOMO news one thousand FM ninety seven seven twelve sixteen. Come on your Friday good afternoon along with. Taylor van, Cise I'm Carleen Johnson Bill o.'neil is at our editor's desk. Among our, top, stories. And explosive wildfire threatens the northern California. Town of reading home to about ninety two, thousand people after it tripled in size overnight. Now, twenty nine thousand acres the car fire has also killed a bulldozer driver now remains. A, fifty five missing members of, the military killed in the Korean war have been returned from the north testing still needs. To be done to make sure, the remains. Are human American and match up with any partial or, assumed identities and. The head of CBS may. Be facing sexual misconduct allegations, the New Yorker is expected to publish an article today about les Moonves. And cases of unwanted kissing and touching shares of. CBS, stock are sharply lower they've been down, more, than five percent today, KOMO news time twelve seventeen there are new Claims about when President Trump knew about. His sons meeting with. Russians who were, expected to offer up dirt on Hillary Clinton and multiple sources telling ABC news, Michael Cohen the president is former. Attorney and fixer claims that then candidate Donald Trump was aware of the June two thousand sixteen Trump Tower meeting with the Russians before it happened last night Trump's attorney Rudy Giuliani depicted Cohen as a liar there's no doubt in my mind that. He's just not credible the. Man is a liar a proven liar Cohen's attorney Lanny Davis declining to comment the states could not be higher for Cohen if he tells the story to the FBI if, it's not true he could face prosecution but if it is true it directly contradicts repeated claims by the president and the. President's own legal team I got to be clear on this. Towards the president wasn't aware of the meaning and the president's own son Donald Trump junior who was contacted about the Russians offer of damaging information on. Hillary Clinton testified before the Senate his father. Did not know, about the. Meeting some junior Again making the claim on, Fox News Could you, tell your father anything about that He was such a nothing prosecutors in New. York are examining whether Colin committed financial crimes And are looking into. His role in helping keep quiet allegations of sexual affairs dissolving shop before he took office and now we're that perhaps the most powerful Trump organization official not named Trump has been subpoenaed by federal prosecutors Trump talking about Allen Russell Burg on the apprentice. Replacing George this week is. My chief financial officer Allan Weisselberg and you'd think Georgia stuff Did you see Allen Russell Berg, mentioned on that controversial new audiotape Trump and Cohen are believed to discussing a plan to buy the rights to a story of a playboy playmate who claims she had a sexual relationship with Trump Cohen proposes using a shell. Company I've spoken to Allen To set the. Whole thing Cohen now. Stands at. The epicenter of this controversy and. In the coming weeks is going divide with the president could prove critical ABC's Pierre Thomas President Trump, touting new economic data that shows the gross domestic product of the US jumped to an annual rate of four. Point one percent last quarter here's, ABC's Karen Travers from the. White House President Trump, took a victory lap at the White House touting the recent surge in the US, economy the Commerce Department reported Friday that the gross domestic product or GDP grew at a strong pace of four point one percent in the second quarter, the best, quarter of growth, since two, thousand fourteen we're on track to hit the highest annual average growth rate in over thirteen years but economists caution there could be a, future slowdown in growth with the escalating trade war and. The resulting tit for tat terrace to blame Karen Travers ABC news the White House twelve twenty and time for your propel insurance money update and kind of a bummer way to wrap up the week after. The major losses yesterday Hope was for some rebound today but that is not the case the NASDAQ is off one hundred twelve. Points to seventy seven. Thirty nine. The Dow's off seventy nine at. Twenty five thousand four forty eight Bruce Vale has more money news US economy grew at the strongest, pace in nearly four years during the second quarter powered by a rebound in consumer spending strong exports and firm. Business investment the Commerce Department said, gross domestic product the value. Of all goods and, services produced across the economy rose at an annual rate of four point one percent, from April through June that was a pickup from the first quarter's revised growth rate of two point two percent Fitch Ratings analysts said the increase speaks, to the, impact of an, increasingly tight, labor market and strong job growth on consumer confidence that's your money now your next money update at twelve fifty AAA.
US, North Korea hold 'productive' talks on war remains
"May to resume business the company's shares marked a month's high in hong kong and rose by the ten percent daily limit in shenzhen washington's decision resolves a look a months long moratorium the thrust that t e into the center of a u s china trade disputes and threatened to choke off the components it needs to make its networking gear and smartphones just looking at the issue in hong kong higher by sixteen point six percent right those year top stories now for the latest in global news here's bloomberg's leeann guarantee good morning nara officials from the us and north korea on meeting to discuss the return of remains of american soldiers killed in the korean war the us called the tubes productive the pentagon estimates that north korea holds about two hundred sets of remains roughly fifty three hundred americans are still missing during the three year war that ended in nineteen fiftythree italy's interior minister has scored another victory in this month long battle against my gration this comes off portugal and spain joined other eu countries saying they will accept some migrants support to ships in the mediterranean bloomberg's kara albanese has more in a letter sent to all the governments of you member countries prime minister just have asked them to share responsibilities for people entering the union illegally vesey germany france and malta have a radio that some people while other countries including hungary said that would be against this request in rome calvinism bloomberg daybreak europe turkey's credit rating is lowered fixtures president urged one tightens his grip on the economy bloomberg symond democrat looks at the reasons given behind fitch's downgrade turkey was cut deeper into junk territory by fitch ratings which cited the nation's widening current account deficit rising inflation and declining economic policy credibility its rating is now two notches below investment grade in istanbul symon donna can bloomberg daybreak europe and francis first world.
Twenty Nine Billion Dollars, Seven Five Percent and Twenty Four Hours discussed on Biz 1190 Overnight
"And we're ninety minutes away from the the trading day in the sketch headlines from around the world christine harvey's with christine president trump is scheduled to meet putin in helsinki tomorrow just days after the justice department announced charges against twelve russian intelligence officers for hacking offenses the indictments are part of the ongoing special counsel probe into potential coordination between the trump presidential campaign and the kremlin secretary of state mike pompeo says he's confident the meeting real quote but america in a better place the trip to finland follows an eventful few days in the uk for president trump yesterday thousands of protesters demonstrated in scotland as the us leader took a short holiday one of the two golfers he owns the country scars first minister nicola sturgeon nor any of her government met him israel and hamas breaks a ceasefire in the gaza strip the agreement was announced late saturday and is the largest daytime assault on the area by israel in four years they attacks targeted dozens of military facilities and killed two city teens and wounded fourteen china's monthly trade surplus with the us row swing record twenty nine billion dollars in june the data underlines the imbalance at the heart of the escalating trade war between the world's largest economies and there's little sign that the us deficit with china will improve anytime soon and france takes on croatia in the world cup final later an unexpected matchup that payers of the european union sounding nations against the blocks newest member is a chance to avenge a semi final defeat at the hands of france in one thousand nine hundred ninety eight when the french went on to win the title for the first and so far only time last night belgium england to take third place global news twenty four hours a day on air anna tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm christine harvey this is bloomberg thanks so much christine well turkey has been cut deeper into junk territory by fitch ratings which cited the nation's widening current account deficit rising inflation and declining economic policy credibility the lira slid following the news extending its biggest weekly declines skews me since the global financial crisis has an air don rattled markets last week as he appointed his soninlaw as finance minister but in a more pulses story for khazar whose credit has been raised to stable from negative by moody's agency says the nation can withstand the economic financial and diplomatic boycott by saudi led neighbors in its current form even if there are further restrictions for an extended period of time with ite a deterioration of its credit profiles so being and for more we're joined by a falsehood if ball head of middle east researcher criticize to have you with us this morning circle back to turkey first of all so of not turkey two notches deeper below investment grade the bombs traded eighteen point seven five percent in terms of you are the bombs priced for this dying grade increasingly yes i mean this is something that's been happening gradually and we've been watching the bonds come under more pressure and frankly i think wooding really hits it on the head and it captures of the market sentiment that the has been a significant problem with central bank credibility and that's really what you're seeing happening both on the effects on the fixed income front rating agencies aren't big fans of politicians eating into independent institutions we'll see what they say about the us in a few years time speaking of turkey though paul kirkman arguing in an oped last week that turkey is at risk of one thousand nine hundred asian style financial crisis is that something that you would agree with based on the recent dynamics i wouldn't go that far but i would say that we have highlighted several emerging market countries specifically.
Goldman, Morgan Stanley Say Test Scores May Not Curb Payouts
"On some of the nation's loans oil is trading above sixty six dollars a barrel has ministers vienna agreed on a theoretical increase in production of one million barrels a day despite calls from iran to boost output further momentum in the euro area unexpectedly picked up in june a composite purchasing managers index to fifty four point eight in june here in the us we get that purchasing managers index rating at nine forty five am wall street time economists forecasts little change from last month's fifty six point four reading bloomberg's vinny down jude is reports us manufacturing brand largest benefitted from renewed spending and plant and equipment it may the market factory index retreated from three year high registering fifty six point four there is a wild card a mix the impact of tariffs on domestic production manufacturing accounts for about ten percent of us economic activity vinny del giudice bloomberg daybreak thank you vinny goldman sachs and morgan stanley are urging against getting spooked by their stress test scores of federal reserves had the two banks had the two lowest capital levels by one key measure in the latest results but the banks say not worry that may not affect dividends and stock by backs deutsche bank cabbie outlook for its credit rating lower to negative from stable by fitch ratings which sites risk tied to deutchebanks turnaround plan and airbus is threatening to pull its uk investments if britain walks away from the european union without a deal the company says a departure from the single market without a transition agreement would lead to severe disruption of production futures are higher and futures up fourteen points dow futures up one hundred seventeen nasdaq futures up thirty one the dax in germany's up four tenths percent ten year treasury down five thirty seconds yield two point nine one percent yield on the two year two.