Trading in london, in the u. S. , no trading in china. Lets start with stocks. 600 has a little bit of a change. The average volume which tells us what sort of trading conditions we are seeing. Below the time of this day that we normally see. Down oncurrencies are the day. A little bit of support earlier after comments from the fed hike. Williams said that hikes are to be expected. Lets move on to the currency board. Here is the dollar rising against the ran today. That the south african president is staying put. Muted reaction for the ran suggesting that investors still find the yield tempting enough. Market, renzi will hold an election in the autumn. The market is uncertain about italy. They could show the strongest Economic Confidence in a decade. Opec last week is seemingly underwhelming investors with its extension deal. The global stockpiles will drop faster in the next quarter. The u. S. Production data. We have rigged data on friday showing that explores added rigs yesterday. T
Good monday morning. Welcome to squawk alley. Im carl quintania we go to d. C. With hampton pierson. In essence, we have the Supreme Court essentially partially reviving the trump travel ban heres the key points on what the court said decided to do today. Theyve agreed to hear trump appeals on rulings blocking the travel ban, six muslim majority nations. Theyre also lifting most of the injunction that blocked it from being implemented. And theyre granting trumps emergency request allowing parts of the refugee ban to go into effect now the case will not actually get argued until this fall before the full court, a court now at full strength reading one of the more interesting excerpts from the opinions of the various justices from Justice Clarence thomas in writing a dissent saying in part, todays compromise and thats in effect what they worked out, will burden executive officials with the task of deciding on parallel contempt whether individuals from six affected nations who wish to ent
The german electorate is undecided on who to vote for in next months election. Could we be in for a surprise result . Matt less than a half hour away from the european open. Lets take a look at how the market is assessing the damage anderday done in barcelona the response from the Trump Administration among other things. Futures down across the board. We have a drops in u. S. Equities yesterday i think the second drop is more than 1 in one week. Something we have not seen in at least the last six months. We have not seen a 1 out of. His month since march it has been a wild. Ets are getting back to risk off. You can see a threeday trade of the german bunds, now down . A oneday trade you can see that today is a day on which investors are buying those bunds, pushing up the price and driving down the yield. Function this morning, the s p down by 15 percent. Equity markets certainly paying attention yesterday. We are still trading in light liquidity but certainly something to Pay Attention
His star power to the Republican Senate candidate down there, john kennedy. He will be here in grand rapids for a thank you tour rally. And he is using the rallies to roll out members of his team. Last night in democrat, it was his pick to be the u. S. Ambassador to china, terry branstad, and he explained why there are so many wealthy people on his cabinet. Some of the people i put on to negotiate, youve been noticing, are some of the most successful people in the world. One newspaper criticized. Why cant they have people of modest means. I want people that made a fortune. Now theyre negotiating with you, okay . We confirmed the next president s name will be listed in the credits of Celebrity Apprentice when Arnold Schwarzenegger takes over as host. Like so many other things. Were hearing bobby v yb yb ybys in consideration for a spot . Yeah, there is a spot, he was once manager of the red sox, that he is now on the short list to possibly become the u. S. Ambassador to japan, and one o
Was so overcome with emotion that she could barely speak. Their attorney filed the lawsuit on behalf of Michela Gregory as well as 23yearold griffin madden, a 23yearold uc berkeley graduate. Maddens parents were not present for the announcement. Both victims were killed in the massive fruitvale warehouse fire that left 36 people dead. The suit names nine people from the Building Owner and the concert promoter to the city of oakland and the county of alameda. Alexander says all were negligent and created a so called death trap for the three dozen people inside. An owner must know, has to know, has to be responsible and cant delegate what goes on in their building. They have to know and make sure its safe and to have this kind of event, it is just reprehensible. Our daughter will never come home. Theres not a day that goes by that we dont miss her. She was a good kid. Her and alex loved each other. They just wanted to have a good time and never came home. We will never see them again. An