The elon musks qualifies for a package as teslas average market valley reaches a milestone. The big test comes today as the electric car maker reports. Welcome to daybreak europe. We are seeing a little bit of a mixed picture in the as ingestion, perhaps slightly slower for asia index. We have some breaking news coming through just now. Akzonobel saying covid19 will continue to impact the second half of 2020. It also says that headwinds related to covid19 eased during the quarter, so that is a quarter they are reporting on in terms of the Second Quarter. Saying that results showing a strong focus trying to get through the rest of the line on that headline. Basically in terms of the quarter we are reporting for the Second Quarter, covid19 eased headwinds related to covid19 eased but it will continue to impact the second half of 2020. Akzonobel saying it suspended its 2020 financial ambition due to the pandemic. That is the guidance coming through from akzonobel. Coming up, we will speak
And clean energy investment. Then almost simultaneously, President Trump is about to sign an executive order to promote hispanic prosperity. We are monitoring both events. We will take you to the rose garden for President Trumps event and we will see whether he addresses todays Dramatic Supreme Court ruling that could allow state district attorneys to access his tax records. That ruling does have a distinct connection to Business News and stocks. Take a look at the dow intraday. It tumbled to session lows just after 10 00 a. M. Eastern, immediately after the Supreme Court justices rejected the president s claim of immunity in a new york state criminal investigation. Congress cannot look at the tax filings, but it does appear that there can be now subpoenas on state efforts. The dow, though, now is down 285 points. The s p lower by 10. The nasdaq, any gain today, folks, means a second straight close. We are well above any gain. We are up 67 points. Now, paired with firsttime jobless cla
Revealing details about his tax returns. We will bring you it. Kids in chicago will be going to school this morning, a lastminute deal was reached between mayor and teachers union. Samsung says goodbye. The stock plunging in overseas trading this morning. Apple and samsung taking the showdown to the Supreme Court. We will tell you about that as well. Wells fargo facing scrutiny this morning. Branch bankers are now saying managers pushed them to sell expensive overdraft protections. Futures pulling back. Take a look. A lower opening for the broader averages, markets are higher this morning. Its just about 7 points higher, we are looking at records, records this morning. The british pound being slammed again over a report that brit ains exit could cost 820 billion per year in tax revenue n. Asia mixed performances. You have the shanghai up. The nikkei also high about 1 . Hang seng and hong kong down a quarter percent as kospi index. Check the price of oil pulling back this morning. Oil a
And the vast majority of everything we do is right. Firing the highest number of people in 2013 but bragging about your presentation penetration rates in 2014. You knew it was material to shareholders and you knew it was a funny number that you fired people phony number that you five people for falsifying. Fired people for falsifying. We did not know if those were good accounts are not. We looked at 20,000 credit you fired 5300 people. He took 5300 could americans and turned them into felons with a system that you created, benefited from and drop your stock price up by bragging about your levels of new accounts. I disagree with that. Im not surprised. We have institutions that are too big to fail. We found that they were too big not to bail. Eric holder has told us that they are too big to jail saying he fears for bringing equivalent indictment. We now learn they are too big to manage, too big to regulate. It is time to break them up. The time has expired. The chair recognizes the gent
Good morning. Welcome to Worldwide Exchange. We have two hours together. Right now on the wires, we are just looking at the ecodata hitting. And just a note from my producer, my wire has just gone down, so we are looking at the german Business Climate falling for the month of august. Revisions to july indices are seen as well, but the Expectations Index coming in at 101. 7 for the month of august. The Consensus Forecast was for 102. So the Expectations Index a little bit light. They are stating no revisions to the july indices. And again, the Expectations Index coming in just slightly light. Current conditions, 111. 1. Which means that were also looking at that particular reading being a bit light as well. Not by much, but we are still seeing a bit of a drop there. Lets talk a little bit about the markets. We are seeing the euro dollar at 1. 31, just shy of where we have been the last few sessions. Down the line we are at the hag hague. Good morning this morning, how are you . Good mor