Problems persist. The white house and democrats failed to strike a deal on stimulus. The chief of staff says the differences are still significant. Julys job report looms. Welcome to daybreak europe. We are seeing red on the screen, but it is china and hong kong bearing the brunt of the losses, and in particular tencent after the president s move to ban tiktok. In terms of what we have been seeing, the u. S. Benchmark is getting close to a record this week. Global equities heading to a weekly gain, but that perhaps faltering slightly on this latest rise in geopolitical tension. We also see some weakening in the yuan. Ae dollar strengthening on broad basis, looking at the bloomberg dollar index. Acting like that safe haven again with these tensions and concerns rising. The 10 year yield also reflecting the risk of sentiment. Lets get more details on that story as trump moves to ban tiktok. The u. S. President signed an exec at of order prohibiting residents from doing any business with
Both sides did hold phone talks adding recent contexts dont have the significance that the president suggested. President trump and treasury secretary mnuchin were asked about that report and here is how they responded. I dont know what you mean by that low level, the vice premier is low level, i dont think so. What is the position of the gentleman who was quoted in the newspaper today . Came out with a very significant and we communicated the vice premier of china thats not low level. I agree the statement that was spoken before me was are you ware of the calls happening . President trump and his french counterpart Emmanuel Macron will hold a joint News Conference, perhaps as soon as half hour from now well see. When it is held, of course, we will go live to it a lot to digest this morning i guess first thing i would share to you to bring it back to the markets, making my usual calls this morning of a number of asset managers, you get a resounding theme, which is this is an untradable
Astonishing that the editors tv anchor wife had 500,000 in annual income. He insisted that the Justice Department vasquez was likely motivated. Was sworn in as secretarygeneral of united nations. That the ninth u. N. Chief in the 71 year history. Thanl news powered by more 126 countries worth of journalists. Live from new york, i am scarlet and i am joe. U. S. Stocks are falling. The Energy Companies are failing. Joe the question is what did you miss . Scarlet are sendingrices them higher today. U. S. President elect donald trump has upped the ante with beijing saying he will use the one china policy as a bargaining chip to get a better trade you. We will look at why this is a big deal. Ugly explain how people make choices that seem to go against their interests. We will talk about the next. Joe lets look at where the major averages stand. Abigail doolittle is standing by. Were looking at what weve have been looking after most of the day. Mixed trading. That being said we do have the d
More brexit european stocks recoup the losses caused by the uks vote to leave the eu. Investor sentiment has not bounced. Why . Caroline key question. As we and this week of extraordinary records being broken in stocks and bonds, we look at how we are going to open. We saw a records hit in the united states, currently flat to lower on the cac 40. We are edging into the green with the ftse 100 up 1 10 of 1 . Flat, zero point 00 in the futures market for the euro stockxx 50. Guy im going to pull up a couple of charts. Im going to start up with my gmm. What is going on around the world the echo equity markets yesterday delivered a Strong Performance in the united states. It was partly driven by oil. Aussiedollar, the kiwidollar, all trading lower. The dollar index is 1 10 of 1 higher. The Commodity Markets are looking reasonably buoyant, but the real story is what is happening with wti crude and brent crude. Let me roll a chart in and show you what is happening. This is the oil rally over
San francisco fed president John Williams says Monetary Policy needs to be reimagined to deal with a new normal. Shirt of the tubing Percent Inflation target be scrapped . Caroline should we look at the record highs we closed out in the United States, because we are seeing a little bit of risk aversion, money coming off the table when you look at european futures. Russia seems to be at a record high. Today, money coming out of the riskier equities, but there is m a action happening in germany. It looks like we could be following oil lower. Guy we are going to keep an eye with oil having a fairly bouncy time. Lets take you to the gmm function, a good headsup to what is going on around the world. I want to focus on what is happening with the yen, the yen really under pressure. You can see its really welded. The yen moving up 1 this morning. We are flirting with the 100 line, the boj paying attention. The nikkei has responded by going down 1. 22 . Youve seen some fairly interesting moves