Friday, 3 May 2024

European Economics Preview: Eurozone Flash PMI Data Due

Ted Cruz Once Made A Chilling Prediction About Donald Trump Attacking Denmark

Sen. Ted Cruz (R-Texas) once suggested during the 2016 election campaign that his then-Republican rival, Donald Trump, could end up nuking Denmark if he ever became president.

Video footage of Cruz’s prediction is now going viral as tensions escalate between Trump and Denmark over the president’s rejected desire to buy the autonomous Danish territory of Greenland for the United States.

In the clip, Cruz questioned Trump’s temperament and said the United States needed “someone with judgment” to keep the country safe.

“I don’t know anyone who would be comfortable with someone who behaves this way, having his finger on the button,” he said. “I mean, we’re liable to wake up one morning and Donald, if he were president, would have nuked Denmark.”

Check out the video here:

https://youtube.com/watch?v=BRcyeCkvaUk

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UnitedHealth, Microsoft share losses contribute to Dow’s nearly 75-point drop

Shares of UnitedHealth and Microsoft are trading lower Thursday morning, dragging the Dow Jones Industrial Average into negative territory. The Dow DJIA, -0.21% was most recently trading 74 points lower (-0.3%), as shares of UnitedHealth UNH, -1.86% and Microsoft MSFT, -1.51% have contributed to the blue-chip gauge’s intraday decline. UnitedHealth’s shares have declined $4.97, or 2.1%, while those of Microsoft are off $2.19, or 1.6%, combining for an approximately 49-point drag on the Dow. Other components contributing significantly to the decline include Cisco CSCO, -1.05%, McDonald’s MCD, -1.03%, and Visa V, -0.89%. A $1 move in any one of the 30 components of the index equates to a 6.78-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

‘Living With Yourself’ Offers Twice The Paul Rudd In New Netflix Comedy

Paul Rudd has been an Ant-Man. Now, he’s going one better, splitting into two versions of himself in the new Netflix series Living With Yourself, an existential comedy that poses the question: do we really want to be better?

The first look is out on the series, which launches globally Friday, October 18 on Netflix.

In his first leading role in a television series, Rudd plays Miles, a man struggling in life. When he undergoes a novel spa treatment that promises to make him a better person, he finds he’s been replaced by a new and improved version of himself. Problems ensue, as he deals with the unintended consequences of his actions with his wife (Aisling Bea), his career, and his very identity.

The eight-episode series was created and written by Emmy Award winner Timothy Greenberg (The Daily Show with Jon Stewart), and is directed by Jonathan Dayton and Valerie Faris (The Battle of the Sexes, Little Miss Sunshine).

Greenberg executive produces with Anthony Bregman and Jeff Stern for Likely Story, Tony Hernandez for Jax Media, Dayton, Faris, Rudd, and Jeff Blitz.

 

U.S. 30-year mortgage rates fall to lowest since Nov 2016 – Freddie

Aug 22 (Reuters) – Borrowing costs on U.S. 30-year fixed-rate mortgages fell to their lowest level since November 2016 in line with the recent decline in bond yields because of trade and recession fears, Freddie Mac said on Thursday.

The interest rates on 30-year mortgages averaged 3.55% in the week ended Aug. 22, down from 3.60% a week earlier and 4.51% a year ago, the mortgage finance agency said. (Reporting by Richard Leong Editing by Chizu Nomiyama)

European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers’ survey data from euro area is due on Thursday, headlining a light day for the European economic news.

At 2.30 am ET, the Federal Statistical Office is scheduled to publish Swiss industrial output figures for the second quarter.

At 3.15 am ET, IHS Markit releases France’s composite PMI results. Economists forecast the composite PMI to remain unchanged at 51.9 in August.

At 3.30 am ET, Germany’s flash PMI report is due. The composite index is seen at 50.6 in August versus 50.9 in July.

Half an hour later, IHS Markit is set to issue Eurozone composite PMI data. The index is expected to fall to 51.2 in August from 51.5 in July.

At 6.00 am ET, the Confederation of British Industry is set to release quarterly Distributive Trades survey. The reported sales balance is forecast to rise to -15 percent in August from -16 percent in July.

At 7.30 am ET, the European Central Bank is slated to publish the accounts of the monetary policy meeting of the Governing Council held on July 24 and 25.

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