Surveillance. I am Francine Lacqua. These are your markets. A lot of these european stocks higher at the opening. Now they are down a touch. Lets call it flat. I am looking at oil. A lot of the picture is contingent surrounding iran so you see a little bit of a lift up for american crude. What is going on with these european markets and you are seeing it reflected in yen. Yen is the one story that is the haven. Any risk attitude is reflected on yen. European stocks, a lot of investors are looking at these amounting into political risks. Ifore getting some figures. The german index, 97. 4. We get up around we get the with hernan a cristerna. Lets get to the bloomberg first word news in new york city. The drumbeat for Federal Reserve rate cut is getting louder. Minneapolis fed president says he called for a reduction at last weeks meeting. These comments reinforcing expectations the central bank is on course to cut rates. Trump says he would be able to demote fed chairman if he wanted to
Showing the Manufacturing Business in france is not over. I met one of europes most influential car executives at his paris headquarters. Five years ago you were facing a near death experience. We need to keep being agile. We understand how important this is. We need to move around the roadblocks. The more chaotic the world around us is, the more of an the more agility is an asset for a company like ours. They own numerous brands. In 2018, the combined Group Reported record earnings. Its auto unit made a return on sales of 7. 6 . Rivaling its german peers. Profit was driven by sales of the european car of the year. The record result was also helped from the company psa bought from General Motors and turned around after two decades of losses. Psa was on its knees. They lost 8 billion over two years. Most Industry Execs counted them out. They were too slow. Then he came in and in the matter of a few years he proved improved efficiency. Formula wasround called back in the race, cut the nu
The nation. Showing the Manufacturing Business in france is not over. I met one of europes most influential car executives at his paris headquarters. Five years ago you were facing a near death experience. We need to keep being agile. We understand how important this is. We need to move around the roadblocks. The more chaotic the world around us is, the more agility is an asset for a company like ours. They own numerous brands. In 2018, the combined Group Reported record earnings. Its auto unit made a return on sales of 7. 6 . Rivaling its german peers. Profit was driven by sales of the european car of the year. The record result was also helped from the company psa bought from General Motors and turned around after two decades of losses. Psa was on its knees. They lost 8 billion over two years. Most Industry Execs counted them out. They were too slow. Then he came in and in the matter of a few years he improved efficiency. The turnaround formula was called back in the race, cut the nu
Street warnings. Citigroup joins jpmorgan in slacking a downturn as Global Sentiment takes a hit. Manus are we all on our way to 2 . Its a most like a shakespearean drama. We cant turn back. 2. 75 . Ld retrace the we have priced ourselves on most oblivion on the probability of a rate cut. The didnt show up last night for the sevenyear option which could be the bond market sending the signal back to the market. A lousy bond auction was almost a welcome reprieve. James gorman says he will meet hard data, hard facts for the fed to move. Lets have a look at some of the other at risk markets. , 25 basis point cut on that market next week. The dollar is slipping this morning. They cut their target on the aussie to 65 from 70. You will see 1 by the end of the year. The dollar index, we are off of a fivemonth high. The risk is a major escalation. We could trip over ourselves between china and the u. S. Into a real escalation. That is the risk we must fend off. Nejra theres a fair amount of glo
Its working. But polls show Many Americans may not fully know what the Inflation Reduction Act actually is. Data released earlier this month in a Washington Post university of maryland poll show seven in ten americans had heard little or nothing about the policy. Im joined now by tim mcdonnell, climate and Energy Editor at the us politics website semafor. Great website semafor. To have you in the programme. You great to have you in the programme. You have been writing about how the Inflation Reduction Act sure the promise and limits of the government plan and pushing forward Climate Policy of stop starting with the promise, what has worked . Thank you, its a pleasure promise, what has worked . Thank you, its a pleasure to promise, what has worked . Thank you, its a pleasure to be promise, what has worked . Thank you, its a pleasure to be here. Promise, what has worked . Thank you, its a pleasure to be here. Happy its a pleasure to be here. Happy to talk about its a pleasure to be here.