Will determine whether the country gets a new bailout. Prime minister Alexis Tsipras is counting on members of the opposition to get the plan through. Last night the Prime Minister said he agreed to the deal only because he had a knife on my neck. The result of the euro summit and the eurogroup was the result from the pressure put on a country and on a people who have decided to go in different way. Vonnie a new report questions whether greece can deliver those Economic Reforms without debt restructuring. In china, betterthanexpected news about the economy did not boost investor confidence. The benchmark shanghai index fell. Earlier china said secondquarter gdp rose at an annual rate of 7 , which beat estimates. Chinas central bank has cut Interest Rates four time since last november. The fight over the Iranian Nuclear deal has shifted from vienna to capitol hill. Negotiators said the agreement would prevent iran from building a nuclear weapon. But hours after the announcement, House S
Manus im manus cranny, and you are . Francine im francine lacqua. Breaking news. It is a little better than expected. A lot of people were expecting this july number to be changed maybe a little pressure from greece or from the ongoing concerns about china. Not so. Better than expected at 108. Manus this comes in with five straight months of declines. People are saying it is beginning to look like the purchasing Managers Index for the whole of europe which just slipped a little bit but is still showing overall growth. This is three years off from when mario draghi said he would do whatever it takes to save the euro. Good numbers there. Francine Current Assessment better than expected. Expectations also better than expected. Chinas stocks have tumbled with the shanghai composite index falling the most since february 2007. There is a concern that a rally sparked by Government Intervention is unsustainable. Manus caroline has all the details. Down over 8 on the shanghai market. Caroline t
Safety and innovation to recalls. And ubs trades lower despite the market. This is after it is investigating a newspaper report that prompted it to release earnings early. Welcome, everyone, to the show. This is the second hour of wx wgs. Worldwide exchange. A quick look at u. S. Futures. We have a busy week. Not just meetings or you a fed policy week. Durable goods. But social media, on whether Companies Like facebook and twitter can continue to deliver growth. The dow up 70 points. Nasdaq up 1. S p up 7. Very interesting to see a positive open on wall street despite the volatility that we saw overseas in asia. Shanghai composite down. And in the meantime take a look at european equities. They seem to be following suit from overnight. The xetra dax down 91 points. A lot has to do with better than expected ifo data out of germany. 108 is the number for month of july, versus 107. 5. Perhaps the reason were looking at the German Market down at this moment. A quick look at bonds. If youre
Than 100 people needing hospital treatment. Round three of brexit talks. Uk negotiators say they want flexibility and imagination from the eu. Good morning. Coming up in the sport arsenal manager Arsene Wenger asks fans to keep the faith after what he calls a disastrous 4 0 loss to liverpool. Invented byjk rowling, played by harry potter, and now a real life sport. Well bring you the action from the first Quidditch Premier League final. How much easier wouldnt be if you could fly . So much easier, but health and safety would have a field day. And the weather. Good morning. A dry and warm day. I will have all of the details for the uk forecast as well as an update on the situation in texas in about 15 minutes. Thank you. Good morning. First, our main story. Catastrophic floods are causing devastation in houston as storm harvey continues to batter texas. Parts of the city have seen two and a half feet of rain in the past 48 hours and more is forecast. So far, emergency teams have rescued
Then actually our revenues are slightly up versus the First Quarter of last year. The Analyst Community was looking for was a sign that you had client balances back to levels we would have seen last year,. Especially your prime brokerage have you got that . Our prime workers business, we have recovered 50 of the bells we lost in the Fourth Quarter of last year. Not yet fully back. We see this in all businesses. When we need to be mindful of the fact that when clients come say, lets reengage, it is not that the following morning you report new revenues. It takes time to work on transactions. Take corporate finance. In reality what we are seeing is revenue in the First Quarter of this year is largely stuff we worked out in the prior quarters. See a lot of reengagement of clients across all business lines, or you can see some immediate effect in Asset Management, new assets and wealth management, that you can see immediately. Prime brokerage. When you compare with the Fourth Quarter of la