Overall, stocks are moving slightly higher ahead of the opening bell. Remember, this is a shortened day of trading because of the july 4th holiday. The market closes at 1 00 p. M. Eastern for the fourth of july. We are remembering an icon in the Business World. The ultimate salesman of all time, lee iacocca, has died at the age of 94. Hes best known as the father of the mustang and for saving the company chrysler. Well have much more on his impact throughout the morning. Varney company starts right now. David President Trump is changing the annual fourth of July Celebration in the Washington Mall thursday. It will include a flyover by military aircraft, more fireworks and the president will even give a speech of his own. The president is already tweeting about it. Quote, our july 4th salute to america at the Lincoln Memorial is looking to be really big. It will be the show of a lifetime. You can bet on that. Joining us is brad blakeman, former Deputy Assistant to george w. Bush, and so
Each others markets a landmark deal called shanghai london stock connects and what it means is charlottes that companies can trade on the London Stock Exchange while british stocks can be sold in shanghai is not just convenient for investors chinese regulators see it as a step towards opening their markets to Foreign Investment while britain says its a way to boost london status as a Financial Hub ahead of brakes and. The founder of huawei has compared the company to a badly damaged airplane while announcing plans to slash production ranjan expects war weighs Global Smartphone sales to be down 40 percent this year as a result of u. S. Attempts to isolate the company internationally but he insists weiwei will recover. Well way is waking up to the damage of its blacklisting by the white house during a Panel Discussion of the companys shenzhen headquarters wrenching fail laid out the impact in numbers. Show on the way that to be in the next 2 years i think we will reduce sac capability as
What is happening with Deutsche Bank. Stocks really, havent strayed too far from the flatline today. We initially rose, then started to fade a little bit. The stoxx 600 down now only 2 10 of 1 . Deutsche bank initially rallied around 5 this morning. This afternoon has really completely turned around. The stock is now trading down by nearly 6 . This was not the reaction, i suspect, that those in Deutsche Bank were really looking for today. This is not been a huge vote of confidence in the Restructuring Plan Deutsche Bank has put out. However, more of a vote of confidence in the new greek government. ,reek bonds continue to rally falling by another six basis points. Thats get back to that big story on what is happening within the banking sector. Tsche bank glow very Deutsche Bank delivering its biggest turnaround effort yet. It will exit its equities business and take a restructuring charge of 7. 4 billion euros. 3 billion of it will be in the second quarter. Here to discuss all of this
The same this year what were hoping for, as you go into 2020, is that perhaps 5g starts to be a catalyst for the shares, but youve got to get through the cycle first. What happened to the last half year we spent talking about how services and wearables will make up for whatever weakness there may be in the classic cycle . Yeah, and that hasnt been our call and the problem with the services is that its just too small as a percentage of the total. So services, as one of the examples, you would have to add, for the video service, about the equivalent of ten netflix to offset what the loss you know, the decline in revenue from iphone over the last year so it just gives you a sense of large numbers, because iphone is so large that puts a little context around it. Mike, i mean, apple is trading lower today, but so are the other f. A. A. N. G. Names, as well is this one of those scenarios where we need to be talking about more about the impact that f. A. A. N. G. Has on the Broader Market to
Comment for items that arent on the agenda. We ask that you fill out a speaker card and hand them to me and i hand them to the president and the president will call folks in order that we receive them and you have a right to speak anonymously. Well call folks if they like to speak anonymously. With that, well move to item one call to order and roll call. [roll call] theres a quorum. Next item is two 2. This item is for discussion. Good evening and thank you everyone who made it to meeting tonight on commission on the environment. You want to begin by welcoming our newest commissioner, tiffany chu. Commissioner chu is a design and planner and cofounder of the company remix. I was excited. They created a fantastic technology and process for helping cities to figure how how to manage transportation issues. Its wonderful to have her here on the team with us. Did you want to say a couple of words . Commissioner chu im just so pleased to be here. This is my first ever commission that i ever