[Music] GDP grew initially by 3% in the second quarter, but that was just revised to 3.3% on the second estimate. But is this growth a sign of true economic strength, or is it just a temporary uptick. Consumption came in a bit higher, but business investment was actually a bit lower than previously reported.This overall turnaround in GDP followed a first quarter contraction that was the first since 2022 as companies race to imports goods ahead of tariff hikes. However, current consumer sentiment remains ble ...

Welcome back. As the president moves to fire Fed Governor Lisa Cook, new reports say he is looking to quickly find a replacement. One of the potential candidates being former World Bank President David Malpass.He joins us now in an exclusive interview. David, it's great to see you. Welcome.>> Hi Sarah. Good to be on. Thanks.>> La last hour we were talking to Alan Blinder who former Federal Reserve vice chair said that it's an assault on independence that that the president is trying to do this to Lisa Cook. ...

Market Overview & Growth Indicators - HSBC suggests remaining "risk on" for the final four months of the year, indicating a positive outlook on market risk [1] - The US is showing signs of growth reacceleration, particularly in high-frequency indicators like credit card spending and retail sales [2] - High-frequency indicators across labor, consumption, and manufacturing sectors are showing signs of pickup since late June/early July [3] - Expectations for the second half of the year (H2) are low, creating a low bar to surpass [4] Labor Market Analysis - Official labor market data is tricky due to a strong reversal in immigration flows, making it difficult to pinpoint the break-even payroll number [7] - A payroll number around 50,000-70,000 might be enough to keep the unemployment rate steady or even lower, given immigration flow reversals [7] - The focus is on the unemployment rate, which, if steady, suggests the labor market isn't in significant trouble [8][9] Investment Strategy - The rally is expected to broaden out beyond AI and tech, with more economically sensitive sectors starting to participate [5]

Brazil’s economy posted a modest expansion in the second quarter on services and industry, decelerating from the beginning of the year as high interest rates bite into growth https://t.co/cdCWKUitw7 ...

Economic Growth & Political Risks - Thailand's political uncertainty poses risks to economic growth [1] - Major political parties are competing to form a new government [1] Monetary Policy Outlook - Rising odds of steeper interest rate cuts are anticipated [1]

If the faster growth the government promises were at hand, employers might be able to shrug off the extra costs https://t.co/35OB4P5Q4i ...

Blame China, slumping commodities and creaky growth https://t.co/B0Np5NuVB6 ...

So, Yvonne, the South African consumer consumption, we're seeing it steadily up based on some of these charts and the research that you have. Why are we seeing that reflected, though, in the growth story. Yes.So it's good point. We're seeing through some of the proxies, including retail sales, that it's been a return to growth from about a year ago and that's been accelerating. The reason we're not seeing it yet in the GDP numbers is because gross fixed capital formation, which is essentially investment is ...

India has unique strengths to help sustain its current economic growth. But its problems are enormous. Restrictive laws, chronic underemployment and ill-preparedness for mass-urbanisation are among them https://t.co/8C1uLcslHo ...

Geopolitical & Economic Relations - India and China will resume direct flights after more than five years [1] - The resumption aims to rebuild political ties amid rising trade uncertainties between the two largest economies [1]