Eurodollar, 1. 20 two. A lot of the conversations today will focus on the dollar. Im looking at gold for a second day, down a touch. Coming up on bloomberg surveillance, we talked doing business in italy and natural gas. Later on, we also speak with margaret from the World Economic forum. She joins us to talk global risks. Plus, janet henry talks trumps first year with us. She the global chief economist there. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Secretary of state offered a sobering assessment about the possibility of war with north korea. Madeillerson said advances the situation very tenuous. He was speaking in vancouver, where top diplomats gathered to explore new ways to enforce sanctions. North koreans know our channels are open, and they know where to find us. But a sustained cessation of threatening behavior is necessary indicator of whether the regime is truly ready to pursue a peaceful diplomatic resolution to the Security Threat it has
Theta, there is no graceful exit here, folks. Ylor special Counsel Robert Mueller appears to be building the case the Trump Campaign was in close talks with brexit officials who wanted to defeat hillary clinton. Robert mueller revealed that a former trump foreignpolicy advisor pled guilty to line about his contacts with russian operatives. George papadopoulos is not cooperating with prosecutors. Meanwhile, Paul Manafort and an aide have been charged with Money Laundering. Congressional tax writers are considering a gradual phase in. According to people familiar with the matter, they looked at the schedule that would business traits from 35 to 35 in 2022. That would slash business taxes from 35 to 20 in 2022. The bank of japan reduced its forecast for inflation. The boj is under little pressure to take more action, though inflation is low below the 2 target. Catalonias Independence Movement is struggling to find a way ford. Off for belgium. They say he plans to seek asylum. Madrid has s
And im anna edwards in london. Lets start the program with data out of the eurozone, specifically out of italy. We had gdp data hitting the bloomberg. Exactly inline with estimates, 0. 4 , the Second Quarter pulmonary reading. That is what the analysts were looking for. Data on abetter number of fronts from italy. Industrial output expands in the Second Quarter. The jobless rate, still too high of course, but coming down. Better news on exports and bank rescues taking place in italy. Those are some of the headlines in the Second Quarter. In line with that, we see this better growth picture, in line with estimates and the previous quarter. Lets look at where we are on various assets. 1. 1720. Urodollar, heading into this we were at 1. 1755. A little bit of sluggishness on the euro. The stoxx 600, up by 0. 7 . Gold and yen, continuing to s lip. Bullishness in stock markets in europe today. Pound, 0. 91. O we are going to get the u. K. Wage data and eurozone growth figures. We got the s p
Dollar. We have been producing 100 in italy and we have been struggling in the past two years. So with a strong euro germany and the u. S. Warn moscow of further sanctions after nato releases images suggesting the Russian Military is supporting separatists in Eastern Ukraine. And one hour to go until we get the highly watched eurozone inflation data that could provide clues on the ecbs next policy move. We are falling again ahead of the release. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. The headline this morning coming out of tesco. Tesco trading sharply lower today. Down by 6. 6 . It was down by as much as 9 before after the Company Issued yet another profit warning. The third time in three years the struggling grocer has slashed its interim dividend by 75 and announced that incoming deal, dave lewis will take up his post next monday. That is one month earlier than expected and thats obviously weighing on som
Expectations overall. The big question of linkedin is can it make an inroad to china . It is one of the u. S. Players that is not blocked. Keeping a close eye on that and all things tech. Hans, another conviction of a former s. A. C. Flow. Matthew martoma has been found guilty. It may make it less likely that rosecutors will go after steve cohen. It is looking like this may be the last conviction against s. A. C. Ryan, youre watching sochi on the games. Almost a proxy for putins hold on russia. The games get underway in 8 1 2 hours. That is when the opening eremony kicks off. It could benefit from the games on increased traffic. You have what manus was talking about. The time to get into the emerging markets. Jim oneill saying this is a buying opportunity. Mark mobius saying not just yet. We have plenty to talk about on the program. We have u. S. Jobs. A little bit of tech. Conviction in the u. S. Were watching sochi. What else are we watching . Goldman sachs caught my eye. They said g