That may not be so easy. The s p 500 down 0. 5 . Chip stocks playing a part, which has the nasdaq down even more than that. 10 year yield bouncing up a basis point 02. 2. 01 earlier. Apple got a downgrade at , now with sell ratings at five analysts. Lira moving since resident erdogan this mist the Turkish Central Bank governor. Guy we are going to talk about that later on. Lets talk now about the Deutsche Bank story. Christian sewings plans for Deutsche Bank, the ceo says the company is going to return to its roots. It is going to exit its equity trading business to contribute to the banks workforce being slashed by 1 5. The Market Reaction today, shares falling in frankfurt come the some analysts saying targets of the plan will be hard to achieve. The company cfo had. O say sonali basak joins us now. Deutsche bank wants to return to its core, but getting there is going to be a difficult journey. Sonali even with the execution risk we are seeing here, the goal is i 2022, 8 return on ta
Fed. David today is jobs day. Last night, july 4 celebrations, including in boston led by alix steel and carol massar. It does strike me as i talk to you over in europe that one of the really iconic moments is an overture written by a russian composer, tchaikovsky, about a european war in 1812. It is kind of ironic. Incidentally, i remember trying to play that. With all the cannons firing, very difficult. But i digress. Seeing the market may be not hoping for them many fireworks. Lets have a look at the data right now. S p futures pointing downward. European equity markets a little bit sluggish. The euro is a little weaker. German data came in disappointing. Yields on the u. S. 10 year around the 1. 96 level. Weve seen selling in stocks and bonds in the european morning. Ive put iron ore in the data check today, not oil, because we seem big drops in iron ore in the Asian Session once again. It has been dropping like a stone. Story ise iron ore really quite something this morning. It is
Woodruff and, the darker side of one of americas most moral characters. A look at racism in harper lees second book go set a watchman. Ifill those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. And the william and flora hewlett foundation, helping people build immeasurably better lives. And with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff greece reached a debt deal with european creditors today after an all night emergency summit in brussels. It agreed to a strict timetable for enacting further unpopular austerity measures in exchange for a Third International bailout. Now greek Prime Minister Alexis Tsipras must push the cost cutting proposals through his parliament over the next two da
And can see them over video. Woodruff and, the darker side of one of americas most moral characters. A look at racism in harper lees second book go set a watchman. Ifill those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. And the william and flora hewlett foundation, helping people build immeasurably better lives. And with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff greece reached a debt deal with european creditors today after an all night emergency summit in brussels. It agreed to a strict timetable for enacting further unpopular austerity measures in exchange for a Third International bailout. Now greek Prime Minister Alexis Tsipras must push the cost cutting proposals through his pa
Soul cycle says its going blik with an unusual filing that cites its culture of yes and mission to aspire to inspire. All right. We had just had eurozone july cbi number. That came in at 0. 2 a year. That was bang in line with expectation. Steady compared to the prior month. Were not seeing a reaction in the eurozone right now. Inflation stable at 0. 2 . Far away from the ecbs target. As we saw in the german cpi print yesterday, the Energy Prices are still weighing on the price level. That is something that the ecb mentioned in the monthly report yesterday. So as long as energy doesnt bounce back were not going to see a sustained rise in Inflation Numbers for the euro zone. Deflation is something hay have to consider. There was an overlying concern that greece could cast a shadow. Not so much. It doesnt really. The euro holding on against the u. S. Dollar. Look at u. S. Futures. What can we expect on the last trading day of july in were in for a higher open. At this point, the dow up a