U. S. And china are trying to temper some of the repercussions trade war is having. You can see euro stocks gaining 0. 6 . The yen is also a good litmus 7. 81and you can see one of 107. 81. Tomorrow, we also have the ecb to look out for. Coming up, we speak to the former u. S. Ambassador to the European Union. Dont miss that interview at 10 30 a. M. London time. We talk u. S. Foreignpolicy and brexit. Lets get straight to the first word news. U. S. Goods to be exempted from tariffs last year were announced by china at the top of the list are pharmaceuticals and lubricant oils. Beijing is seeking to ease the impact from the trade dispute without lifting charges on agricultural item like soybeans and pork. The ministry of finance says further rounds of exemption will be released. Morgan stanleys ceo warned against the fed cutting too easily but says he supports of the reductions made so far. He made the comments at the Columbia Business School in new york. I have supported the latest fed
Employees and if you break a company like that up, if you can manage it do it, theres going to be unattended consequences. Tonight at 8 30 p. M. Eastern on cspan2. Next on cspan3, a house judiciary subcommittee on whether Big Tech Companies like google, apple, facebook and amazon engage in anticompetitive practices that hurt smaller online companies. Rhode island congressman David Cicilline chaired the hearing. Good afternoon. The subcommittee will come to order. Without objection the chair is authorized to declare recesses of the committee at any time. We welcome everyone to the second of our series of hearings investigating competition in the digital markets. This one on innovation and entrepreneurship. I now recognize myself for an opening statement. 30 years ago the First Software for the worldwide web was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto the software to give people tools to c
Off. Export the nations passed on American History tv every weekend on cspan3. Next, a Congressional Panel visit Online Platforms and their visit on entrepreneurship in the us. We hear from google, apple, facebook and amazon officials to talk about ecommerce. This portion of the house judiciary subcommittee hearing is one hour and 50 minutes. Everybody will come to order, the chair is authorized to declare recess at any time. We welcome everyone to the second of our series of hearings investigating competition, this one on innovation, i recognize myself for an opening statement. 30 years ago, the first of the World Wide Web was released into Public Domain to create a Global Communications network. Within a few Years Services were built on the software to give people tools to communicate, share and export information from decentralized platform designed to be open and nondiscriminatory. Internet pioneer and codesigner of the internet early architecture testified in 2006 that the overarc
Caught on camera. Is friday, july 26th. Fbn a. M. Starts right now. Theres no denying. Im leaving it. Lauren happy friday. Welcome to fbn a. M. Im lauren simonetti. Im Deirdre Bolton in for cheryl casone. Lauren lets take a look at how your money is moving this morning. The Dow Jones Industrial average is up 44 points, needs to close 13 points higher to be positive on the week. The nasdaq gaining 24 this morning. Yield on the 10 treasury right now, 2. 08 . Most investors waiting for the fed decision next week. Lauren iran overnight firing a missile thats posing a threat to vessels in the persian gulf. The price of ill i oil is a gaf 27cents. Stocks in asia are mixed. Nikkei, hang seng and kospi lower. Shanghai moving higher. Lauren in europe, is stimulus coming from the ecb in september . The dax in germl germany gained. All eyes on amazon this morning. The companys latest profit came in below analyst expectations, ending a run of record earnings. Amazon reported a profit of a five 22
Before the open this morning along with twitter overnight in asia, you will see what was happening there the nikkei ended down by almost half a percentage point. Hang seng was down by 0. 7 shanghai in china, you did see stocks higher. Up by a quarter percentage point. In europe, the three major averages had all been in the green. The dax up by 0. 3 the cac up by 0. 4 the ftse up by more than that. Italy and spain stocks there weaker spain down by 0. 7 in the treasury market, again with the gdp number coming up later this morning at 8 30 the tenyear yielding 2. 069 everything that happened with the ecb yesterday what that means for the fed, well talk about all that coming up in a bit. On the squawk planner, we have first look at gdp in the Second Quarter thats on tap. Forecasters expecting an increase of 1. 8 after a surge of 3. 1 in the First Quarter on the calendar we will hear from twitter, mcdonalds before the opening bell next week it gets crazy. It is the busiest week of earnings