June 19, 2024

Bloomberg Daybreak Middle East. Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region.
Simulcast of Bloomberg Television
I Love Wine transports you to the best winemaking regions of the world
China’s Envoy to US Warns Against Cutting Nation Out of EV Chain
Bidding War for Macau Casino Licenses Gets Surprise Contender in Genting-Linked Firm
Bidding War for Macau Casino Licenses Gets Surprise Contender in Genting-Linked Firm
JPMorgan Takes Formal Step to Resume Muni Banking in Texas
Ford Rolls Out What May Be the Classic Mustang’s Last Stand
Record Chinese Cyber Breach Spurs Eruption in Data for Sale
US Cyber-Defense Agency Urges Companies to Automate Threat Testing
SoftBank’s Son Discusses Setting Up Third Vision Fund
Liz Truss Isn’t Wasting Time Setting Her Agenda
Jimmy Lai’s Global Legal Team Urges US to Pressure China at UN
Billionaire Patagonia Founder Gives Company Away to Fight Climate Change
Billionaire Perez Buys Last Major Tract on South Florida’s Fisher Island
Tom Ford Closes Fashion Week With Big Hair, Miles of Sparkle
Tearful Allison Russell Wins Americana Award for Debut Album
Former Colonies Should Do More Than Just Abolish the Monarchy
Splatoon Shows Nintendo Is More Than Just Nostalgia
China’s Payment Duopoly May Struggle to Survive
Chinese Manufacturers Get Around US Tariffs With Some Help From Mexico
A Dubious Truck, a Whistleblower Army, and Inept Spies: Inside the Very Weird Nikola Saga
It’s White-Collar Jobs That Are at Risk in the Next Recession
What You Need to Know About Amtrak and the Looming Freight-Rail Strike
Bias Forces India’s Poorly Paid Women Out of Jobs, Report Says
Transcript ‘Zero’ Episode 1: How to Crisis-Proof Climate Action
Storm Moves Up East China Coast After Blowing Over Shanghai
Hanoi’s Train Cafes Ordered to Shut Down After Tourists Return
Amtrak’s Website Crashes as Long-Distance Trains Canceled
Return-to-Office Push Does Little to Solve Transit Agency Problems
Coinbase Is Highlighting Politicians on Their Crypto-Friendliness
Celsius Judge Approves Independent Probe of Bankrupt Crypto Lender’s Holdings
World’s Biggest Ether Mining Firm to Shut Down After the ‘Merge’
Dwindling supply changes the equation.
Photographer: Frederic J. Brown/AFP/Getty Images

Tuesday's hotter-than-expected inflation report pours cold water on the possibility of lower interest rates from the Federal Reserve any time soon, and by extension, the prospect of lower mortgage rates. The standoff is set to continue between buyers balking at high home prices and  potential sellers clinging to their homes  that were financed at low mortgage rates. 
Would-be homebuyers who have decided to wait for mortgage rates to fall so they can afford to leap back into the market should realize that waiting isn't going to help — they would just be swapping their too-expensive financing problem for a bidding-war pricing problem as the number of houses for sale shrinks. The best hope for homebuyers now might be to just go ahead and accept the higher mortgage rates and hope to refinance later.


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