The tenyear bull market makes new history as the fed chair appears to make the case for a rate cut plus big tech is at the center of the president s tariff fights as france vows to tax some of the largest American Companies. The white house hits back. And forget f. A. N. G. Jim has a new basket of stocks to watch you saw it here on squawk on the street. The s p surpassing 3,000 yesterday for the First Time Ever after the fed chair did signal a rate cut is on the horizon. This morning it goes back to the hill, testify before Senate Banking. Yesterday in front of that house panel, he was asked if a strong case could be made for lowering rates due to trade uncertainty and inflation short of the target this was his response. Yes, as i mentioned, we think that uncertainty around trade policy and also Global Growth, its not all down to trade policy theres something going on with growth around the world, particularly around manufacturing and investment and trade. And so that uncertainty is, w
Gear what they just did thats getting a lot of buzz today. Then, watch out verizon. Why Silicon Valley may be asking, can you hear me now . Well explain. It is monday, july 8th Worldwide Exchange begins right now. Good morning and welcome to Worldwide Exchange im dominic chu. Brian sullivan has the day off futures right now are lower, but theyre off the worst levels of the session. Well have more on that coming up but first, to our top story this morning. One of the Worlds Largest banks announcing a massive overhaul. Deutsche bank is pulling out of its globals equities in sales and trading business as part of that move. Its an 8. 3 billion Restructuring Plan the german lender is also slashing 18,000 jobs across the globe. Cnbc is in germany in frankfurt with the latest. Why are they getting out of the stock, sales and trading biz and what are the plans reporter actually, Deutsche Bank has had quite many years now of low profitability of losses and on going problems to stay competitive
We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank announcing it will pull out of Global Equity scales, scale back Investment Banking and slash 18,000 jobs as part of a Global Restructuring plan you have been following this story obviously throughout the weekend. And i thought your comments earlier with dom chu were interesting. You sort of term this as ripping the band aid off. Finally. Perhaps a little too late. Finally exactly. So 18,000 had cut
A threat to the euro. Hello there is midday in moscow he watching r. T. International now the u. S. Is piling more pressure on iran with a new round of major sanctions to hit iran later on monday the escalation comes in response to irans downing of a u. S. Military surveillance drone which the republic says violated its airspace but washington has expressed doubts over who is really to blame for the attack. We expect the president to announce an additional round of sanctions in response to irans downing of an american unmanned vehicle president also had doubts as to whether or not the downing of our Unmanned Aircraft was actually authorized at the highest levels so i cant speak about intelligence that the United States has with regard to that but you heard the president reflect open limited we know rogue liberal were not convinced that it was authorized at the highest levels where the drone downing prompted a furious reaction from washington preparations to strike iran were minutes awa
Mail or anything like that. I just want to go. I can do this. Just try reading. Married to someone give me. One else to show for seemed wrong. But all roles just dont call. Me all the get to shape out of this they become advocates and in detroit equals betrayal. When so many find themselves worlds apart we choose to look for common ground. You know world the big part of the lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smart we need to stop slamming the door. And shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. Vanco im so over not there is fortune is asked and made it into billions and billions of dollars and. Globally minded person who could theoretically be investing his money in lots a worldwide project if it werent for the western sanctions because businessman and sportsman who de