Mozambique’s central bank cut its benchmark rate for a record 10th consecutive time, as the gas-rich nation emerges from a technical recession and inflation remains well below the five-year average https://t.co/uvy2weCAbT ...

Market Trends & Trade - US imposed a deadline for trade deals, South Korea secured a deal with a 15% levy, avoiding a higher 25% rate, while India failed to reach an agreement and will face a 25% levy on its imports [2][4] - President Trump imposed a 50% tariff on copper imports, causing prices to fall over 20%, marking the metal's largest single-day decline since 1989 [4][5] Company Earnings & Performance - Microsoft is set to become the second company to reach a $4 trillion market capitalization, with its stock soaring over 8% after reporting better-than-expected quarterly earnings and a 39% rise in sales for its Azure cloud computing unit [16][17] - Meta's Q2 results outperformed expectations, with revenue growing 22%, and the company offered a better-than-expected outlook for Q3, driven by AI investments and growth in the digital advertising market [19][20] - Amazon shares are up over 3% pre-market, with analysts expecting revenue to grow by 95% year-on-year to $1622 billion, focusing on the AI-powered growth of Amazon Web Services Cloud [8][9] - Ford reported Q2 earnings better than expected but took an $800 million hit due to tariffs, which could amount to $2 billion for the whole of 2025 [26] - Rolls-Royce reported a 50% increase in underlying operating profit in the first half, jumping to £173 billion (approximately $229 billion) from £115 billion a year earlier, with its market value almost doubling in 2025 [44][45] - Carvana reported a six-fold increase in net income and record quarterly sales of used vehicles, with shares jumping as much as 17% in after-hours trading [41][42] AI & Technology - Apple faces challenges including an estimated $20 billion a year hit to its services business due to the Justice Department's antitrust lawsuit against Google and struggles with its AI development [7] - Akre ASA, a Norwegian Industrial Conglomerate, saw its shares pop by more than 10% after announcing a partnership with OpenAI and Nscale Global Holdings to build a major AI facility in Northern Norway, investing $1 billion in phase one [37][38][39] Monetary Policy & Economy - The Fed kept rates steady for the fifth straight time, with the core PCE price index expected at 03%, while inflation stands at 27%, still above the Fed's 2% target [46][47]

Shake Shack shares slumped 11% in early New York trading after the company forecast third-quarter revenue that fell below expectations, pointing to inflation and cautious diners https://t.co/uNGGgncOyL ...

And joining us now is the president of the committee for a responsible federal budget, Maya McInness. Maya, this morning, the attacks from the president keep coming, calling Fed Chair Jerome Powell too late, too angry, too stupid, and too political given today's inflation report. How do you see the president's demands and the Fed's decision we saw yesterday.Right. So, uh, the tenor, the tone, and the words of the president that he's using in those attacks are highly unfortunate. One of one of the great thin ...

Fed’s Favorite Inflation Meter Rose More Than Expected In Junehttps://t.co/TkhV6rGggA https://t.co/CmxHEyFwcl ...

Economic Indicators - Personal income rebounded, increasing by 0.3%, surpassing expectations, a notable improvement from the previous month's decline of 0.4% [1][2] - Personal spending rose by 0.3%, slightly below expectations, but reversing a previous decline [2] - Real spending, adjusted for inflation, increased by 0.1%, aligning with expectations [2] Inflation Analysis (PCE) - Month-over-month PCE increased by 0.3%, slightly warmer than previous months, but not the highest reading of the year [3] - Year-over-year PCE increased by 2.8%, the highest reading of the year, equaling March 2024 levels [4] - Core month-over-month PCE increased by 0.3%, the warmest since February [4] - Year-over-year core PCE increased by 2.8%, also warmer than expected and the warmest since February [5] Employment Data - The Employment Cost Index (ECI) for the second quarter increased by 0.9%, slightly above expectations [5] - Initial jobless claims were reported at 218,000, lower than expected [6] - Continuing claims remained above 1.9 million, specifically 1,946,000 [6] Market Reaction - Despite slightly hotter PCE numbers, the market did not climb aggressively [7] - The 10-year Treasury yield increased by approximately one basis point to 4.34%, but remained down almost three basis points for the session [7]

The Fed’s preferred measure of underlying inflation accelerated in June to one of the fastest paces this year while consumer spending barely rose https://t.co/EtMSIo9P2K ...

German inflation slowed below the ECB’s 2% target for the first time in 10 months https://t.co/WQRT3TuRT2 ...

All right. So, what is what are we seeing in the options market ahead of the August 1 deadline. Are we still start are we still seeing people trying to play it even though we've seen a number of deals get done.>> Yeah, there's definitely opportunities right now in terms of trying to pro buy some downside protection, but largely investors are not particularly bidding up puts ahead of this tariff deadline. It really reflects the fact that investors are not particularly concerned here. as you say uh there's a ...

>> And Isaac was great. Julie Julie had some issues. >> All right.The fed holding interest rates steady. But the decision comes with some dissent. Our senior economics reporter Steve Liesman joins us right now from Washington Steve good morning.>> Yeah it wasn't Love Island at the fed yesterday. Fed Chair Jay Powell and the federal committee having two dissents there. But they made clear the December rate cut is not a done deal.And I asked Powell whether the fed now has more clarity on the outlook because t ...