The us will reveal its latest trade numbers today, as its spat with china rumbles on. President trump has made reducing americas deficit a key priority. In april, the deficit narrowed to just under 51 billion. But it wasnt just imports which fell american exports dropped dramatically the biggest fall in three years. Some countries have benefited from the trade war. Mexico, the eu, and canada have all seen their exports to the us rise substantially this year as trading patterns have shifted. But economists warn that rising tariffs will be bad for the world economy. The imf has lowered its forecast for Global Growth to 3. 3 citing trade tensions as a key reason. Ross denton, trade partner at baker mckenziejoins me now. Good morning. So the trade figures will be out in the us later. What will be out in the us later. What will it tell us, do you think, about the trade relationship between us and countries . There is enormous amount of uncertainty in the Global Economy at the moment. As you
Markets for you, optimism and prevailing on the prospects of a new ecb head. And, staying focused, we will be hearing from the founder of a popular mindfulness app which has gone global, also, we are looking at children, and when they start to develop money habits, apparently, good and bad, they start learning by the age of seven, so we want to know, when should you start teaching them about money, seven, is that the right age . Too young . Get in touch, use the hashtag. I remember getting pocket money, saving up, does anyone do that anymore . Get those tweets coming in. The us will reveal its latest trade numbers today as its spat with china rumbles on. President trump has made reducing americas deficit a key priority. In april the deficit narrowed to just under 51 billion. But it wasnt just imports which fell american exports dropped dramatically the biggest fall in three years. Some countries have benefited from the trade war. Mexico, the eu and canada have all seen their exports to
Im wilfred frost live from london this morning. Lets get straight to the Global Market picture futures are pointing lower off the back of some declines elsewhere in the world we are down around 100 points or so on the dow. Improving a bit. Down about 80 points the s p down 5 points. The nasdaq down about 30 points. A big intraday turnaround yesterday. A 450 point swing on the dow initially markets liked the fed minutes and then they decided to focus on the word further being added to the line of further policying tighteni inin ining ly as we come in to today, down 1 for the week as a whole for the dow and s p. All 11 sectors were lower yesterday and a lower week to date as well down 78 points on the dow as we look at things tenyear treasury note yields rose across the board yesterday in responses to the fed minutes. The tenyear yield hitting a fouryear high the high for the tenyear yesterday was 2. 957. Right now 2. 923 on the tenyear. Asia is fully open china bouncing higher after hav
Today, boss tick and caplin, claims fall to 222 roadmap begins with rate shock jitters as investors continue to digest the hint on hikes. Could the ecommerce giant account for 25 of the s p 500 gains this year such as netflix and microsoft. Walmart looks to challenge target and amazon making a big investment to boost online sales for home goods. Stocks are looking to rebound from the big swings on wednesday. The dowrose more than 300 points and only to give up gains and finish down 167. The blue chips and s p in the midst of a twoday losing streak and nasdaq is down for three days and has not had a fourday losing streak since november of 2016 thats how long its been for the nas. It looks like they were going to be in good shape yesterday and held onto the gains until the digestion of the fed minutes and amazon crossed 1500 for first time and fang really powered the nasdaq higher until of course, the minutes. Now the journal is looking at individual stocks that are responsible for the y
Sounds like this bear walks into a car. And then it hits the on star. No. Well have more on that adorable story coming up. But we have a lot of news to get to starting with the white house responding to allegations that President Trump shared highly classified information with the russians. Want to show you the Morning Headlines from the Washington Post and the new york times. This morning, both saying, and it is a blockbuster headline, that highly classified information was disclosed and it took place last week as the president boasted to Russian Diplomats who were visiting the white house at the time. Now, that classified intelligence reportedly came from a u. S. Ally in the fight against isis. But Administration Officials are dismissing the story as false. Abcs janai norman has the latest from washington. A busy morning there, janai. Reporter it sure is. Diane and kendis, good morning. At this point the white house is denying those reports which are just the latest in a string of co