Blinken faces GOP critics in Congress who say Afghanistan withdrawal 'lit the world on fire'None
This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets opened mixed on Thursday after Wall Street rally stalled overnight even as inflation data came in line with expectations. Philadelphia news 24/7: Watch NBC10 free wherever you are The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis , accelerating from 2.1% in September. The so-called core inflation, which excludes food and energy prices, climbed 2.8% in the 12 months through October, up from 2.7% in the previous month. Both matched the expectations from economists polled by Reuters, according to LSEG data. The Bank of Korea is expected to hold its benchmark rate unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. The central bank will also announce updated economic growth and inflation forecasts. South Korea's blue-chip Kospi index fell modestly by 0.16% while the small-cap Kosdaq advanced 0.63%. Japan's Nikkei 225 dropped 0.50% while the broad-based Topix was flat. Australia's S&P/ASX 200 started the day up 0.54%. Hong Kong's Hang Seng index futures were at 19,618, higher than the HSI's last close of 19,603.13. Overnight in the U.S., declines in big technology names pulled markets lower in a thin trading session. Chipmaking powerhouse Nvidia lost more than 1%, while Meta Platforms slid 0.8%. Dell and HP dropped more than 12% and 11%, respectively, following weak earnings forecasts. The S&P 500 declined 0.38% to 5,998.74, snapping a seven-day winning streak. The Nasdaq Composite lost 0.6% to end at 19,060.48. The Dow Jones Industrial Average lost 138.25 points, or 0.31%, to finish at 44,722.06, reversing course gaining more than 140 points. The U.S. market will be closed on Thursday for the Thanksgiving holiday. — CNBC's Alex Harring and Sean Conlon contributed to this report. Inflation data is a 'nice Black Friday gift for the Fed,' investment strategist says Wednesday's inflation data that came in line with expectations is a welcome preholiday update for the Federal Reserve, according to Scott Helfstein, Global X's head of investment strategy. "This is a nice Black Friday gift for the Fed," he said. "They can eat turkey and watch football for a day knowing that they are close to full employment with price stability." Helfstein said the numbers are "very close" to the Fed's target goal. Additionally, he said the reading is unlikely to change the path of interest rates, or the probability of a 25 basis-point cut at the central bank's December policy meeting. — Alex Harring Number of S&P 500 stocks above 200-day average for past year shows 'solid' market The percentage of all stocks in the S&P 500 above their 200-day moving averages is currently 77%, and has remained above at least 60% for the past year. This proves that the underpinnings of the market are "still solid," according to Chris Verrone, head of the technical and macro research at Strategas. The strong moving averages , which smooth out short-term fluctuations to show the underlying trend in a stock price, "speaks to the persistence of decent internals," Verrone wrote to clients on Wednesday. "It's not historically uncommon for the early part of December to be a shoulder period for stocks, but the market is still smack in the middle of its best 3-month run of the calendar," he said, referring to the period from Oct. 31 until Jan. 31. — Scott Schnipper S&P 500 on pace to snap 7-day win streak With just about an hour left in Wednesday's session, the S&P 500 was poised to end a rally that has lasted over the past seven trading days. The broad index ticked down about 0.3% in afternoon trading. If that holds, it will mark its first negative and worst trading day since Nov. 15. In that session, the S&P 500 tumbled more than 1.3%. Elsewhere, the Nasdaq Composite was on track to finish Wednesday around 0.6% lower, while the Dow was down 0.2%. — Alex Harring CNBC Pro: 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says President-elect Donald Trump's proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. These tech stocks have outperformed during "periods of supply chain uncertainty," the Redburn analyst said citing 2018-2019 trade tensions between the U.S. and China. CNBC Pro subscribers can read more here. — Ganesh Rao CNBC Pro: U.S. stocks too expensive? Morningstar's top exec reveals where he's investing instead Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigned supreme among investors. However, one market watcher considers U.S. stocks expensive and is now seeking opportunities in other markets that are cheaper. "We believe markets outside the U.S. are more attractive than the U.S. largely from a valuation perspective," Kunal Kapoor, chief executive officer at Morningstar said, revealing markets with "attractive pockets" of opportunity. CNBC Pro subscribers can read more here. — Amala BalakrishnerKick out foreign crooks in our jails THE disgraceful state of Britain’s justice system should shame both the Tories and Labour. It is shocking enough to see criminals with up to 300 previous offences being spared jail . But the fact is that just 10 per cent of these prolific offenders are responsible for half of all crime . These fiends bring terror to OAPs who are robbed in the street, shoppers whose phones are nabbed and revellers violently assaulted on a night out. They should be getting long stretches inside to protect the public. But there are fears that Labour may be planning to water down sentences to ease overcrowding behind bars. No doubt Justice Secretary Shabana Mahmood will trot out the usual excuse that prisons are full. READ MORE FROM THE SUN SAYS Well, that just won’t wash. Because we are doing next to nothing to kick out foreign lags taking up space in British jails. This country only deported one per cent of the 10,000 foreign criminals filling up our cells in 2024. Just 73 were returned to their home countries to serve out their sentences there. Under the Tories the figure for the year before was even worse. Most read in The Sun The Justice Secretary urgently needs to get a grip of this crisis. Or voters fed up with soft sentencing will dish out some justice of their own. No U-turn on Begum JIHADI bride Shamima Begum feels her case for a return to the UK has been “bolstered’’ by the fall of President Assad in Syria . You may remember that she fled to join the murderous monsters of I.S. and was rightly stripped of her British citizenship. The present Attorney General called that decision “draconian’’ during one of her appeals when he was working as a lawyer. But in case Lord Hermer is thinking of changing her status, he should remember that 100 other extremists and their families in Syria would follow Begum back to the UK if she is ever given the green light. They would not only need housing and other support but also round the clock monitoring, a huge drain on our security services. Shamima Begum joined I.S. in the full knowledge of its murderous intent against the West. She must never set foot on our shores again. Political spectre-um A SENIOR aide to the Commons Speaker has revealed the House is haunted . READ MORE SUN STORIES This will come as no surprise to OAPs struggling with winter fuel bills . They’ve been suffering a Westminster spine-chiller all winter.Showbiz Roundup: The Denise Julia, BJ Pascual and Killa Kush dramaPublished 5:31 pm Saturday, December 28, 2024 By Data Skrive All of Jameis Winston’s stats can be found below. Entering Week 17, Winston is averaging 192.8 passing yards per game (2,121 total). Other season stats include 13 touchdown passes, 12 interceptions and a 61.1% completion percentage (181-for-296), plus 25 carries for 83 yards one touchdown. Don’t miss a touchdown this NFL season. Catch every score with NFL RedZone on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Sign up today and watch seven hours of commercial-free football from every NFL game every Sunday. BetMGM is one of the most trusted Sportsbooks in the nation. Start with as little as $1 and place your bets today . Pass Comp. Pass Att. Comp. % Pass Yards Pass TDs INTs Pass Yards/Att. Rush Att. Rush Yards Rush TDs 181 296 61.1% 2,121 13 12 7.2 25 83 1 Catch NFL action all season long on Fubo. Week Opponent Pass Comp. Pass Att. Pass Yards Pass TDs INTs Rush Att. Rush Yards Rush TDs Week 2 @Jaguars 0 0 0 2 4 0 Week 3 @Giants 0 0 0 2 1 0 Week 5 @Commanders 1 1 16 0 0 1 -3 0 Week 7 @Bengals 5 11 67 1 0 0 0 0 Week 8 @Ravens 27 41 334 3 0 2 2 0 Week 9 @Chargers 26 46 235 1 3 5 27 0 Week 11 @Saints 30 46 395 2 0 1 8 0 Week 12 @Steelers 18 27 219 0 1 3 7 1 Week 13 @Broncos 34 58 497 4 3 3 11 0 Week 14 @Steelers 24 41 212 2 2 4 28 0 Week 15 @Chiefs 16 25 146 0 3 2 -2 0 Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .
Dr. Mehmet Oz, the former surgeon and TV celebrity President-elect Donald Trump tapped to lead the Centers for Medicare and Medicaid Services , was mocked for appearing to promote the online supplement company he's a global advisor of ahead of the holidays. "Thanksgiving is a perfect excuse for practicing gratitude — which also happens to be a proven way to reduce stress. You can also reduce stress with adaptogens like ashwagandha from a trusted source like @iHerb. Happy Thanksgiving!," Oz wrote. Oz is a global advisor and stakeholder in iHerb, a global eCommerce health and wellness platform, which he states in his X bio. Thanksgiving is a perfect excuse for practicing gratitude — which also happens to be a proven way to reduce stress. You can also reduce stress with adaptogens like ashwagandha from a trusted source like @iHerb . Happy Thanksgiving! https://t.co/YhPf8fLbiT Social media users were more than happy to troll the lifestyle guru in a series of scathing comments and reposts. "OK, grifter," one X user remarked. OK, grifter. "We are about to witness grifting like never before," another added. We are about to witness grifting like never before. X user @skohayes called out the doctor for "promoting quack science." There is no evidence of any benefit from "adaptogens". Stop promoting quack science. pic.twitter.com/OpCJcmk3YB Another X user questioned the legality of Oz promoting the supplements. Is this some form of promotion? If so, are you allowed to do so? While X user @rimom5 offered advice on what the potential government official should be doing in place of peddling his products. "Instead of this stuff start investigating Listeria and E. Coli food contamination that are killing babies and seniors. Trace back from the farms to the packaging firms and find where the contamination is!" Instead of this stuff start investigating Listeria and E. Coli food contamination that are killing babies and seniors. Trace back from the farms to the packaging firms and find where the contamination is! Originally published by Latin Times
