And the mexican drug lord el chapo is sentenced to life in prison plus 30 years. Joaquin guzman must also hand over 12 billion of the enormous profits he generated. Hello and welcome im katty kay in washington and Christian Fraser is in london. Democrats will vote in a couple of hours on whether to impeach donald trump because of his racist tweets. Its not something Speaker Nancy Pelosi is in favour of, so its unlikely to pass. But it shows the anger in the party over the president s attacks on four democratic congresswomen of colour. Last night the house did pass a resolution condemning the attacks as racist. And it was a bitterly divided chamber. All democrats voted against the president only four republicans joined them. At one point the proceedings got so contentious, the democratic chair simply walked out in disgust. This morning, the president responded on twitter endorsing a republican senator who called the congresswomen the four women of the apocalypse and whack jobs. The cong
Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional indexes are down further. The dax, for example, down. 6 . Down, as yous are would expect, with a big drop in netflix in overnight trading. Netflix said u. S. Users actually shrunk, shocking the market. Dragging on and adding to an already bad earnings picture. The u. S. Dollar is down. 1193. 55 and other currencies, especially the yen, are getting momentum. Coming up, we speak to the chief officer of a lecture looks electrolux. There are a slew of earnings coming out and it is moving the needle. Lets
The german tenyear 32 basis points. What is that going to do at the end of the day if they rethink that inflation target . David and what does it mean . Peggy collins pointed out the u. S. Is taking a look at the same thing because Central Banks are saying we had this to ,rcent, it is not this 2 it is not working out. Do we have to take a different approach . Phillip morris the latest earnings coming out. It really highlights those that can take this environment and deliver to boost their forecast, and those that just cant and dont have the Pricing Power like netflix. David then you have honeywell somewhere in between. It beat on earningspershare, a little soft on revenue. It does seem to be weathering the storm of trade uncertainty at the moment. Alix in the market, lets look at how that push and pull is playing out. Netflix well off the lows of the session. Eurodollar taking a steep leg lower on the news about that reflation rethink that inflation rethink by the ecb. Money flowing in
The Financial Markets in europe have opened and are looking positive for now. And would you let a Computer Pick your outfit . Well be hearing from the online personal Shopping Service whose stylists get a helping hand from technology. Today we want to know are you concerned about the impact sugary drinks are having on your health . New Research Shows it increase the chances of getting cancer, so to what extent do you choose what you eat based on health . And should beat drinks industry take more responsibility . Get in touch should the drinks industry take more responsibility . Hello and welcome to business live. We start in france where a pioneering tax on tech firms is expected to be approved by the senate today, after clearing the lower house last week. It comes amid public anger across the continent at tax avoidance by the likes of google, amazon and facebook, who locate their eu headquarters in low tax countries and pay virtually nothing elsewhere. But it has already threatened to
Again and bet, bath, and beyond with the street gone its thursday, july 11th and World Wide Exchange begins right now. Good morning awelcome to World Wide Exchange. And dow higher by 54 points and s p higher by almost six points and the nasdaq almost 20 weve been at this level for most of the morning. We have the dow, the s p 500 in the nasdaq and not necessarily closing there, the nasdaq dedid and trauszs for the First Time Ever so that was good, crossing 3,for the First Time Ever. Didnt actually close there. Its relatively quiet today although we did see some yesterday as oindicated a raich kit was coming maybe 50 basis points. But right now the yield on the 10year is sitting at 2. 0. And thats see what the action looks like its green, basically all the way around the world with in asia as you can see higher by a 1 2 a percent and the south korean cospy added on a whole percent and change were green across the board as well like yesterday the strongest action up 7 10 off a percent bu