Gold slips from 1-month peak on Sino-US trade talk hopes

Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold prices steadied on Wednesday, having retreated from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar. Simultaneously, Asian stocks also turned cautiously optimistic surrounding trade developments between the two countries on Wednesday, while still not completely discounting the possibili


Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold prices steadied on Wednesday, having retreated from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar. Simultaneously, Asian stocks also turned cautiously optimistic surrounding trade developments between the two countries on Wednesday, while still not completely discounting the possibili
Gold slips from 1-month peak on Sino-US trade talk hopes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15
Keywords: news, cnbc, companies, remain, fung, ounce, dollar, prices, surrounding, trade, tariffs, sinous, gold, slips, 1month, talk, talks, peak, hopes


Gold slips from 1-month peak on Sino-US trade talk hopes

Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.

Gold prices steadied on Wednesday, having retreated from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar.

Spot gold was steady at $1,296.49 an ounce by 0808 GMT.

U.S. gold futures edged 0.1% higher to $1,297.20 an ounce.

“Gold is restrained as people are still interested in the dollar. The $1,300 level also looks like a good resistance,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

The dollar held firm in early Asian trading, having been supported on Tuesday by U.S. President Donald Trump downplaying the recent escalation in his trade war with China as “a little squabble” and insisting that talks between the two countries had not collapsed.

A stronger dollar makes gold more expensive for holders of non-U.S. currency.

Simultaneously, Asian stocks also turned cautiously optimistic surrounding trade developments between the two countries on Wednesday, while still not completely discounting the possibilities of a protracted spat.

“The (gold) market is holding because some people bought gold especially after the Chinese government also raised tariffs on U.S. goods,” Fung said, adding that the metal is expected to remain range-bound between $1,280 and $1,310 an ounce.

The biggest trigger for gold, which had been mostly range-bound for the past week, came on Monday after China announced that it would impose retaliatory tariffs on a range of U.S. goods.

There was some profit-taking in the previous session after prices jumped about $20 on Monday and above the key $1,300 level, analysts and traders said.

“The ongoing Sino-U.S. trade dispute has illustrated cooling conditions as both parties expressed willingness to resolve existing trade differences,” Phillip Futures analysts wrote in a note.

“Gold prices though easing up on bullish gains will remain supported as investors remain cautious on lingering U.S.-China trade worries in the near term.”

Market participants now keenly eye economic data from Europe that will provide further cues on the strength of the global economy.

Among other precious metals, silver rose 0.2% to $14.81 an ounce, while platinum fell 0.2% to $853.75.

Palladium fell 0.7% to $1,326.25 an ounce.


Company: cnbc, Activity: cnbc, Date: 2019-05-15
Keywords: news, cnbc, companies, remain, fung, ounce, dollar, prices, surrounding, trade, tariffs, sinous, gold, slips, 1month, talk, talks, peak, hopes


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The ECB has to stay dovish for now, says Riedel Research

The ECB has to stay dovish for now, says Riedel Research4 Hours AgoDavid Riedel of Riedel Research Group says the European Central Bank will need to stay dovish because of the uncertainty surrounding Brexit.


The ECB has to stay dovish for now, says Riedel Research4 Hours AgoDavid Riedel of Riedel Research Group says the European Central Bank will need to stay dovish because of the uncertainty surrounding Brexit.
The ECB has to stay dovish for now, says Riedel Research Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07
Keywords: news, cnbc, companies, dovish, research, surrounding, riedel, ecb, uncertainty, group, stay, hours, need, research4


The ECB has to stay dovish for now, says Riedel Research

The ECB has to stay dovish for now, says Riedel Research

4 Hours Ago

David Riedel of Riedel Research Group says the European Central Bank will need to stay dovish because of the uncertainty surrounding Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-03-07
Keywords: news, cnbc, companies, dovish, research, surrounding, riedel, ecb, uncertainty, group, stay, hours, need, research4


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Amid a wild week for Tesla, trader bets stock will drop 10% in two weeks

It’s been a wild week for Tesla as CEO Elon Musk finds himself at the center of a confluence of headlines. First, the Securities and Exchange Commission asked a judge to hold Musk in contempt for violating a settlement deal. All this comes as Tesla faces a debt payment of close to $1 billion in convertible bonds due Friday. “It’s probably not surprising, given all of the news surrounding the company, that we did see double the daily options volume today,” said “Options Action” trader Mike Khouw


It’s been a wild week for Tesla as CEO Elon Musk finds himself at the center of a confluence of headlines. First, the Securities and Exchange Commission asked a judge to hold Musk in contempt for violating a settlement deal. All this comes as Tesla faces a debt payment of close to $1 billion in convertible bonds due Friday. “It’s probably not surprising, given all of the news surrounding the company, that we did see double the daily options volume today,” said “Options Action” trader Mike Khouw
Amid a wild week for Tesla, trader bets stock will drop 10% in two weeks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: tyler bailey, joshua lott, getty images, michael nagle, bloomberg, david a grogan
Keywords: news, cnbc, companies, stock, drop, amid, weeks, tesla, khouw, surrounding, trader, wild, options, volume, week, point, musk, saw, bets


Amid a wild week for Tesla, trader bets stock will drop 10% in two weeks

It’s been a wild week for Tesla as CEO Elon Musk finds himself at the center of a confluence of headlines.

First, the Securities and Exchange Commission asked a judge to hold Musk in contempt for violating a settlement deal. Then, Musk fired back — in a tweet of course — calling the agency “broken.” Separately, on Wednesday Musk tweeted that there will be a big announcement from the company on Thursday afternoon. All this comes as Tesla faces a debt payment of close to $1 billion in convertible bonds due Friday.

Shares of the electric automaker are up more than 6 percent since Monday, but as the storm continues to brew around Tesla, one trader is betting the stock won’t be able to weather it.

“It’s probably not surprising, given all of the news surrounding the company, that we did see double the daily options volume today,” said “Options Action” trader Mike Khouw on CNBC’s “Fast Money” Wednesday.

“One of the trades that I would point out was a purchase of the 290-puts in March. We saw somebody paying about $5 for those. That would obviously be a bet that [the stock] is going to fall below that strike by at least the $5 that they paid,” Khouw added.

Tesla was around $314 per share at the time the trader bought those contracts, meaning their expectation that the stock would be below $285 equates to a plunge of more than 9 percent in just more than two weeks.

As Khouw explained, much of the options trading surrounding Tesla recently has come in the form of big bets on high volatility.

“I would also point out that a lot of this volume is basically betting that [the stock] is going to be sharply higher or lower within the next 30 days. We saw a lot of buyers of the 320-calls expiring on March 29 and also the 280-puts of the same expiration,” Khouw said. “This is basically looking for moves of 10 percent or so in either direction.”

Tesla was slightly lower Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: tyler bailey, joshua lott, getty images, michael nagle, bloomberg, david a grogan
Keywords: news, cnbc, companies, stock, drop, amid, weeks, tesla, khouw, surrounding, trader, wild, options, volume, week, point, musk, saw, bets


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Theresa May’s Brexit deal could still see last minute victory, academic says

Theresa May’s Brexit deal could still see last minute victory, academic says2 Hours AgoAnand Menon, professor of European politics and foreign affairs at King’s College London, discusses the political issues surrounding Brexit.


Theresa May’s Brexit deal could still see last minute victory, academic says2 Hours AgoAnand Menon, professor of European politics and foreign affairs at King’s College London, discusses the political issues surrounding Brexit.
Theresa May’s Brexit deal could still see last minute victory, academic says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27
Keywords: news, cnbc, companies, politics, says2, deal, academic, mays, surrounding, minute, professor, menon, political, brexit, victory, theresa


Theresa May's Brexit deal could still see last minute victory, academic says

Theresa May’s Brexit deal could still see last minute victory, academic says

2 Hours Ago

Anand Menon, professor of European politics and foreign affairs at King’s College London, discusses the political issues surrounding Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-02-27
Keywords: news, cnbc, companies, politics, says2, deal, academic, mays, surrounding, minute, professor, menon, political, brexit, victory, theresa


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The rise of connected devices poses a real threat to cybersecurity, says Shark Tank’s Robert Herjavec

The rise of connected devices poses a real threat to cybersecurity, says Shark Tank’s Robert Herjavec8 Hours AgoJim Cramer and Shark Tank’s Robert Herjavec, who also runs cybersecurity firm Herjavec Group, discuss the cyber-risks surrounding the increasingly connected world.


The rise of connected devices poses a real threat to cybersecurity, says Shark Tank’s Robert Herjavec8 Hours AgoJim Cramer and Shark Tank’s Robert Herjavec, who also runs cybersecurity firm Herjavec Group, discuss the cyber-risks surrounding the increasingly connected world.
The rise of connected devices poses a real threat to cybersecurity, says Shark Tank’s Robert Herjavec Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05
Keywords: news, cnbc, companies, robert, connected, real, world, surrounding, poses, tanks, shark, herjavec, devices, rise, runs, threat, cybersecurity


The rise of connected devices poses a real threat to cybersecurity, says Shark Tank's Robert Herjavec

The rise of connected devices poses a real threat to cybersecurity, says Shark Tank’s Robert Herjavec

8 Hours Ago

Jim Cramer and Shark Tank’s Robert Herjavec, who also runs cybersecurity firm Herjavec Group, discuss the cyber-risks surrounding the increasingly connected world.


Company: cnbc, Activity: cnbc, Date: 2019-02-05
Keywords: news, cnbc, companies, robert, connected, real, world, surrounding, poses, tanks, shark, herjavec, devices, rise, runs, threat, cybersecurity


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Dow futures rise triple digits on hopes for an end to the government shutdown

The U.S. Senate, after rejecting two shutdown-ending bills, was searching for a way to end a government closure entering its 35th day and threatening the economy, as hundreds of thousands of federal workers missed a second paycheck on Friday. Trump said on Thursday that if Republican Senate Majority Leader Mitch McConnell and Senate Democratic leader Chuck Schumer reached an agreement to end the shutdown, he would support it. Meanwhile, investors continue to monitor concerns surrounding a trade


The U.S. Senate, after rejecting two shutdown-ending bills, was searching for a way to end a government closure entering its 35th day and threatening the economy, as hundreds of thousands of federal workers missed a second paycheck on Friday. Trump said on Thursday that if Republican Senate Majority Leader Mitch McConnell and Senate Democratic leader Chuck Schumer reached an agreement to end the shutdown, he would support it. Meanwhile, investors continue to monitor concerns surrounding a trade
Dow futures rise triple digits on hopes for an end to the government shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: alexandra gibbs, spencer platt, getty images
Keywords: news, cnbc, companies, rise, shutdown, futures, dow, deal, end, surrounding, triple, workers, senate, ross, report, federal, trade, missed, hopes, digits


Dow futures rise triple digits on hopes for an end to the government shutdown

The U.S. Senate, after rejecting two shutdown-ending bills, was searching for a way to end a government closure entering its 35th day and threatening the economy, as hundreds of thousands of federal workers missed a second paycheck on Friday.

Afterward, a bipartisan group of lawmakers said they were introducing an amendment in the Senate to temporarily reopen the roughly one-quarter of the federal government affected by the longest shutdown in U.S. history. Senator Ben Cardin, one of the Democratic co-sponsors, said he did not think it contained any wall funding.

Trump said on Thursday that if Republican Senate Majority Leader Mitch McConnell and Senate Democratic leader Chuck Schumer reached an agreement to end the shutdown, he would support it.

As another week draws to a close, a number of fresh company earnings will be keeping investors busy. Some of the major brands set to report include AbbVie, Colgate-Palmolive, and D.R. Horton — all of which are due to come out before the bell.

Meanwhile, investors continue to monitor concerns surrounding a trade deal with China.

On Thursday, markets came under pressure after Commerce Secretary Wilbur Ross said that trade negotiations with China were far from complete. “We would like to make a deal but it has to be a deal that will work for both parties,” Ross told CNBC. “We’re miles and miles from getting a resolution.”

Ross’ comments come as Washington and Beijing try to remedy their trade disputes, during a tariff cease-fire which is slated to finish at the start of March.

Elsewhere, the government shutdown continues to weigh. In the latest surrounding the subject, the Senate blocked bills on Thursday that would fund the government.

A Republican-backed proposal and a measure supported by Democrats didn’t acquire the 60 votes they needed to be cleared. This comes as 800,000 federal workers face another round of missed paychecks, and government services suffer due to the shutdown.

— CNBC’s Jacob Pramuk and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: alexandra gibbs, spencer platt, getty images
Keywords: news, cnbc, companies, rise, shutdown, futures, dow, deal, end, surrounding, triple, workers, senate, ross, report, federal, trade, missed, hopes, digits


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US Treasury yields edge higher as trade talks rumble on

The yield on the benchmark 10-year Treasury note was in the black at around 2.729 percent at 4:35 a.m. ET, while the yield on the 30-year Treasury bond rose, trading at 3.045 percent. As another trading week draws to a close, jitters continue to reverberate across markets as concerns surrounding the U.S.-China trade talks resurface. On Thursday, markets were rattled after U.S. Commerce Secretary Wilbur Ross said that trade negotiations with China were far from complete. No auctions are scheduled


The yield on the benchmark 10-year Treasury note was in the black at around 2.729 percent at 4:35 a.m. ET, while the yield on the 30-year Treasury bond rose, trading at 3.045 percent. As another trading week draws to a close, jitters continue to reverberate across markets as concerns surrounding the U.S.-China trade talks resurface. On Thursday, markets were rattled after U.S. Commerce Secretary Wilbur Ross said that trade negotiations with China were far from complete. No auctions are scheduled
US Treasury yields edge higher as trade talks rumble on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: alexandra gibbs
Keywords: news, cnbc, companies, rumble, yields, talks, votes, surrounding, edge, higher, ross, miles, treasury, trade, yield, slated, week, trading


US Treasury yields edge higher as trade talks rumble on

U.S. government debt prices slipped into the red on Friday.

The yield on the benchmark 10-year Treasury note was in the black at around 2.729 percent at 4:35 a.m. ET, while the yield on the 30-year Treasury bond rose, trading at 3.045 percent. Bond yields move inversely to prices.

As another trading week draws to a close, jitters continue to reverberate across markets as concerns surrounding the U.S.-China trade talks resurface.

On Thursday, markets were rattled after U.S. Commerce Secretary Wilbur Ross said that trade negotiations with China were far from complete. “We would like to make a deal but it has to be a deal that will work for both parties,” Ross told CNBC. “We’re miles and miles from getting a resolution.”

Ross’ comments come as Washington and Beijing try to remedy their trade disputes, during a tariff cease-fire which is slated to finish at the start of March.

Another topic shaking up sentiment concerns the ongoing government shutdown. In the latest surrounding the subject, the Senate blocked bills on Thursday to fund the government.

A Republican-backed proposal and a measure supported by Democrats didn’t acquire the 60 votes they needed to be cleared. The Democratic plan to reopen the government without funding for the president’s border wall, received more votes in the GOP-held chamber.

While political turmoil is undoubtedly expected to rumble on, investors will be turning their attention to fresh economic data on Friday. At 8:30 a.m. ET, durable goods are slated to be announced, followed by new home sales at 10 a.m. ET.

No auctions are scheduled to take place by the U.S. Treasury on the final day of the trading week.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: alexandra gibbs
Keywords: news, cnbc, companies, rumble, yields, talks, votes, surrounding, edge, higher, ross, miles, treasury, trade, yield, slated, week, trading


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US Treasury yields edge higher, with trade talks in focus

On Wednesday, bond investors are expected to be keeping a close eye on the state of the global economy. Aside from the uncertainty surrounding Brexit, investors in the U.S. continue to monitor developments between China and the U.S., in regards to trade. In the latest surrounding trade talk, the White House appears to have rejected a trade planning meeting with its Chinese counterparts this week, as outstanding disagreements over the enforcement of intellectual property rules continue — this acc


On Wednesday, bond investors are expected to be keeping a close eye on the state of the global economy. Aside from the uncertainty surrounding Brexit, investors in the U.S. continue to monitor developments between China and the U.S., in regards to trade. In the latest surrounding trade talk, the White House appears to have rejected a trade planning meeting with its Chinese counterparts this week, as outstanding disagreements over the enforcement of intellectual property rules continue — this acc
US Treasury yields edge higher, with trade talks in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: alexandra gibbs
Keywords: news, cnbc, companies, liu, white, surrounding, yields, week, focus, edge, higher, continue, global, house, meeting, investors, treasury, trade, talks


US Treasury yields edge higher, with trade talks in focus

On Wednesday, bond investors are expected to be keeping a close eye on the state of the global economy.

After the International Monetary Fund (IMF) announced that it had revised down its estimates for global growth on Monday, markets have remained on edge as concerns surrounding key topics continue to rumble on.

Aside from the uncertainty surrounding Brexit, investors in the U.S. continue to monitor developments between China and the U.S., in regards to trade.

In the latest surrounding trade talk, the White House appears to have rejected a trade planning meeting with its Chinese counterparts this week, as outstanding disagreements over the enforcement of intellectual property rules continue — this according to a source familiar with the situation.

When commenting on the news, the White House told CNBC Tuesday that “the teams remain in touch in preparation for high level talks with Vice Premier Liu He” at the end of January.

Meantime, White House economic advisor Larry Kudlow refuted claims that an official meeting had been called off, adding that no intermediate gatherings had been scheduled other than the visit by Liu next week.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: alexandra gibbs
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Walmart is keeping the faith in its $16 billion bet to take on Amazon

Despite a tricky few months, Walmart is sticking by its $16 billion bet to help it win the online retail war. The U.S. retail giant bought India’s largest online retailer Flipkart in May 2018, looking to take advantage of both its technical expertise in e-commerce and the burgeoning Indian middle class. But amid the controversy surrounding Bansal’s resignation, Walmart quietly increased its stake from 77% to 81.3%, offering another sign of its conviction that India’s online retail market is prim


Despite a tricky few months, Walmart is sticking by its $16 billion bet to help it win the online retail war. The U.S. retail giant bought India’s largest online retailer Flipkart in May 2018, looking to take advantage of both its technical expertise in e-commerce and the burgeoning Indian middle class. But amid the controversy surrounding Bansal’s resignation, Walmart quietly increased its stake from 77% to 81.3%, offering another sign of its conviction that India’s online retail market is prim
Walmart is keeping the faith in its $16 billion bet to take on Amazon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: tom chitty
Keywords: news, cnbc, companies, online, ecommerce, 16, walmart, retail, keeping, market, flipkart, indian, surrounding, mcmillon, bet, largest, faith, amazon, billion


Walmart is keeping the faith in its $16 billion bet to take on Amazon

Despite a tricky few months, Walmart is sticking by its $16 billion bet to help it win the online retail war.

The U.S. retail giant bought India’s largest online retailer Flipkart in May 2018, looking to take advantage of both its technical expertise in e-commerce and the burgeoning Indian middle class.

But when news of the deal broke back in May, the American retailer’s shares immediately tumbled 4 percent. Investors expressed concern that, outside India, Flipkart was struggling to compete with Amazon’s dominance and had a long way to go before becoming profitable.

The cash outflow from Flipkart’s business also ate into Walmart’s profits for the end of 2018 as well as dampening ts earnings outlook for 2019. Year-to-date, Walmart stock has slipped almost 5 percent in value.

Bad news surrounding the financials was compounded in November when Flipkart co-founder Binny Bansal resigned after an accusation of sexual assault led to an internal investigation into “serious personal misconduct.”

But amid the controversy surrounding Bansal’s resignation, Walmart quietly increased its stake from 77% to 81.3%, offering another sign of its conviction that India’s online retail market is primed for growth.

The Indian e-commerce market as a whole is forecast in a Indian government report to quadruple to $200 billion dollars in the next eight years, and by 2034 it’s predicted to surpass the U.S. as the second largest e-commerce market in the world.

Last week Walmart CEO Doug McMillon told CNBC that acquisitions such as Flipkart were crucial to the continuing health of his company and its global ambitions.

“You see the rise and fall of Sears and others,” McMillon said. “It’s just a reminder that this can happen to us too.”


Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: tom chitty
Keywords: news, cnbc, companies, online, ecommerce, 16, walmart, retail, keeping, market, flipkart, indian, surrounding, mcmillon, bet, largest, faith, amazon, billion


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There’s a lot of unhappiness surrounding Zuckerberg and Sandberg, says NYTimes’ Confessore

There’s a lot of unhappiness surrounding Zuckerberg and Sandberg, says NYTimes’ Confessore4 Hours AgoNicholas Confessore, New York Times investigative reporter, joins ‘Squawk Box’ to discuss his story on Sheryl Sandberg telling Facebook to Facebook to investigate George Soros after he criticized the company for its hacking breach.


There’s a lot of unhappiness surrounding Zuckerberg and Sandberg, says NYTimes’ Confessore4 Hours AgoNicholas Confessore, New York Times investigative reporter, joins ‘Squawk Box’ to discuss his story on Sheryl Sandberg telling Facebook to Facebook to investigate George Soros after he criticized the company for its hacking breach.
There’s a lot of unhappiness surrounding Zuckerberg and Sandberg, says NYTimes’ Confessore Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30
Keywords: news, cnbc, companies, sandberg, zuckerberg, theres, york, telling, squawk, confessore, facebook, nytimes, lot, times, unhappiness, surrounding


There's a lot of unhappiness surrounding Zuckerberg and Sandberg, says NYTimes' Confessore

There’s a lot of unhappiness surrounding Zuckerberg and Sandberg, says NYTimes’ Confessore

4 Hours Ago

Nicholas Confessore, New York Times investigative reporter, joins ‘Squawk Box’ to discuss his story on Sheryl Sandberg telling Facebook to Facebook to investigate George Soros after he criticized the company for its hacking breach.


Company: cnbc, Activity: cnbc, Date: 2018-11-30
Keywords: news, cnbc, companies, sandberg, zuckerberg, theres, york, telling, squawk, confessore, facebook, nytimes, lot, times, unhappiness, surrounding


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