The euro is trading lower, we had the ecb yesterday, down. 1 . This is the dollar versus the rent, but when it comes to the dollar versus the rand, moodys, the last country to have an the last company to have an Investment Grade on south africa, this Investment Plan doubles the investment to appropriations to that company, could end up being credit negative. A big move on the south african rand. Slowing in the First Quarter, but not as much as analysts expected, with the headline number for consumer spending, pushing gd pregrowth gdp growth to 2. 1 . Discuss here to discuss is our chief bloomberg u. S. Economist. Core pce was disappointing, and the deflator as well. That definitely tainted the report slightly, but what i think is most important at this point, the economy is growing above trend, right . Bettercent growth is than the feds long run estimate of 1. 9 growth. If you are growing at that pace, that tells you although there is not strong pressure on the economy, you will see Un
Lost. Asian markets and investors dial back. But the bank of france governor hints that the ecb could act in its next meeting. We speak about Monetary Policy, we have several governing to come in the next month. And if and when needed, there must be no doubt about our determination to act and our capacity to act. New party wins a resounding victory as Prime Minister tells cnbc hes ready to deliver change. I feel if i have a strong mandate to deliver on my agenda, which is an agenda to grow the economy, to create more jobs but also to make sure that the greek people feel safe again. Hard to swallow. Shares sink after the French Food Company warns sales growth will slow in the Fourth Quarter as the caterer braces for the loss of several north american contracts. Well, good morning, everybody. Our top story today Deutsche Bank shares are trading higher after the german lender announced an overall which describes as, quote, the most fundamental transformation in decades. They will create a
Saying this is really serious. Livedt, kyle lowry, who in toronto but now plays for the golden state warriors, said this is not toronto. We are nice people. In fairness, the crowd just immediately reacted, but then there was an eerie silence after they figured out what happened because he was really badly hurt. Alix nothing like sports to bring up the massive competitiveness. In the markets here, on a news flow basis it feels very calm, but we are seeing some fall through to the rally. We are continuing to climb higher. S p futures up by about 12 points, eurodollar flat. You are buying stocks, selling bonds, but only in the u. S. The move not really seeming to freak anybody out quite yet. We had a huge rally in bonds last week. Are we reversing now in crude . Up 7 10 of 1 . David in the morning brief, 8 15 this morning, ubers ceo is speaking washington, d. C. At 8 30, u. S. Ppi numbers for may. At 1 00 this afternoon, the u. S. Treasury is selling 100 billion in threeyear notes. Teslas
Have a close working relationship we had a productive meeting at the last g20 i look forward to this one will we see a deal by the end of this year i cant speculate on that im hopeful but there needs to be the right efforts in place. This is not a deal for the sake of having a deal we were about 90 of the way there. Hell see what we get. One thing on the minds of a lot of folks in the persian gulf area is the potential for that International Coalition in terms of protecting shipping lanes in the persian gulf and the strait of hormuz. I caught up with brian hook over the weekend, he suggested the possibility of this. What kind of conversation are you anticipating when you come to the g20 on this specifically . Will we see monetary contribution can we expect to see their ships in the persian gulf . Will be discussions this is an important issue not just to the region but to the world and to china where they depend on energy. The u. S. Is a large exporter of energy now we will continue to
The forecast was 48. We are seeing a little bit of a gain, practically unchanged, but up by 0. 05 . A lot of stock markets are looking at Decisive Action from Central Banks around the world, signaling more dovishness and putting to one side concerns for iran. Crude oil jumping and stabilizing 57. 48. We are just getting the june the manufacturing forecast coming in at 47. 8, a touch below estimates. Anything below 50 indicates a contraction. Speak shortly with the International Rescue Committee Executive and former foreign secretary of the u. K. Later in surveillance, two days after the fed got rid of patients language, we speak to the vicechairman. The day, we are joined exclusively by the former fbi director james comey. Hong kong headquarters are closed again today after demonstrators gathered to show opposition. Despite a public apology from executive carrie lam, protest leaders are calling for her to resign. They also want the controversial proposal to be completely withdrawn. , a