Central bankers meet; Tech summit; Samsung’s new smartphone

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1. Central bankers meet: Federal Reserve chairman Jerome Powell is scheduled to talk on the Financial Coverage Symposium in Jackson Gap on Friday.

The speech comes lower than per week after President Donald Trump took a swipe at Powell.

In an interview with Reuters, Trump mentioned he was “not thrilled” with the Fed chairman for elevating rates of interest, arguing the central financial institution ought to do extra to assist the US economic system.

Powell was hand-picked by Trump to steer the central financial institution.

2. Tech summit: Representatives from prime US tech firms are anticipated to fulfill on Friday in San Francisco to debate safety points forward of the 2018 US elections.

In line with BuzzFeed, Fb’s (FB) head of cybersecurity coverage, Nathaniel Gleicher, invited representatives from firms together with Google (GOOGL) and Microsoft (MSFT).

A examine revealed within the American Journal of Public Well being on Thursday suggests Russia’s on-line meddling went past the 2016 US presidential election and into public well being, amplifying on-line debates about vaccines.

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three. Massive day for Samsung: Samsung’s (SSNLF) Galaxy Observe 9 goes on sale Friday around the globe.

The Observe 9 provides the identical appear and feel as different Observe units, however the display is barely greater than its predecessor. Like different Galaxy telephones, the Observe 9 is water-proof, and options an infinity show and wi-fi charging.

four. World market overview: US inventory futures have been modestly increased.

European markets posted small good points in early commerce. Asian markets ended blended.

Australia’s benchmark index was little modified after Malcolm Turnbull was ousted as prime minister. Scott Morrison, one of many architects of Australia’s powerful immigration coverage, seems to be set to develop into the nation’s sixth prime minister in simply over a decade.

The Australian greenback strengthened zero.5%.

On the financial entrance, the German economic system grew zero.5% within the second quarter in comparison with the earlier three months.

Rainer Sartoris, an economist at HSBC, warned that whereas development was sturdy, commerce tensions pose a danger for the second half of the yr.

5. Inventory market movers: Shares in Autodesk (ADSK) have been up eight% premarket as traders reacted to better-than-expected earnings.

Shares in Hole (GPS) and Ross Shops (ROST) slipped in prolonged buying and selling as traders expressed disappointment with the corporations’ newest outcomes.

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6. Coming this week:

Friday Foot Locker (FL)earnings

CNNMoney (London) First revealed August 24, 2018: 5:07 AM ET

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