Between refugees and locals reach a breaking point. Extra police have been sent to patrol the streets. And in syria, the threat of military force is preventing desperately needed aid convoys from getting through. Residents are still suffering days after the liveries were meant to begin days after deliverys were meant to begin. Days after deliveries were meant to begin. Leaders of 27 European Countries have been debating how to restore faith in the european union. They gathered friday in the slovakian capital, bratislava, in their first major summit without written, which was not invited after its vote to leave the block. German chancellor Angela Merkel held a press conference alongside french president francois hollande. Merkel said there is no quick fix for the eus problems and states need to prove they can deliver on their promises. Here is what she had to say at that press conference. We are convinced we need to strike compromises, show a sense of solidarity, of cooperation, and on
With tom keene in new york. Deutsche bank is down 7 . M the idea of a cash call being had. I can maybe make a guess. What are they waiting for . They have to go out and recharge. It has been years and years and years. Maybe this 14 billion love note is another catalyst to get them there. Francine they say they dont want to pay 14 billion. May they will get a better deal. The analysts guessed 5 billion. Im not sure how how they got it so wrong. Lets get to the news. Angela merkel is promising to do everything she can to hold the European Union together. They are meeting in bratislava brexit plot their post course. British Opposition Leader Jeremy Corbyn says his labor party is looking to norway when it comes to the brexit. Norway has exit to the e. U. Single market but is not in the e. U. Itself. Maybe we can learn a great deal from norway. After all it has a successful economy. It is based on oil. It is a much smaller society strongrs but they have a social democratic tradition. They h
Usually, you get more volatility in a surge of volume typically at the end of the closer we will be watching not. The dow and the s p have consistently been down. 5 today. The nasdaq has not been doing as poorly. Financials more heavily weighted in the s p 500. If you look at the week in the s p 500, we had a big rally on monday and a pretty sizable rally again yesterday and that did salvage the week more or less but we also had some big down days so these big swings are back to the stock market in the u. S. If you take a look at the groups on the move today, you see here we have a little bit of green in the form of utilities. A lot of read on the screen and indeed, it is the financials and industries that are the biggest drags in the s p 500. A number of stocks falling on these regulatory risks. David mentioned Deutsche Bank. You can see those shares down 9. 5 in u. S. Trading. Exxon mobil and the attorney general new york scrutinizing not companys finances. Eric spiderman alleging th
Great show lined up for you today. E. Oneak to an eon shareholder. We speak with simon bell show. Joining us for the next 40 minutes, the chief economist at indo suez wealth management. We are looking at asset classes. Bloomberg. D across the stoxx 600 is down for a third consecutive day. The biggest threeday drop since july the sixth. The german 10 year yield is cleburne is creeping higher. Still above zero. We are at the highest level since june the 23rd. We all know what happened then, the day of the brexit referendum. Sterling is rising against the dollar. Brainard speaks later. The last fed official to speak before the closed door policy before the fed meeting on the 21st. Crude oil, 1. 6 lower, extending declines. Increasing as the market contends with an overhang of accrued and fuel inventories. Let us get the bloomberg first word news. Hillary clinton has canceled a two day trip to california after disclosing that she is suffering from pneumonia. She abruptly left a 9 11 commem
This is being viewed as the opening bid. I wonder how much leverage either side actually has. David thats the question. What leverage do they have . They have no real power. Theycryan has said again do not want to go to the markets and raise more capital. Alix and they dont want to sell the Asset Managements business either. What are they going to do . We will preview the feds big policy meeting and the boj. Rick rieder, coming up later in the program. A look atre taking markets. U. S. Futures near the low of the session. Another leg lower. Jonathan down about 0. 5 . The story in europe, the ftse down around 1 3 of 1 . The dax getting hammered, 1. 29 . The worst performing index on the stoxx 600, the bo the worst performing industry on the stoxx 600, the banks. Now, itx market right is a broadly stronger dollar. You see it on the table. You see it on the bloomberg dollar index, marginally stronger by 1 10 of 1 . Risk off. Brent crude down by one percentage point. Wti in the bond market