Sector, that is a slowdown. One hour from now, well know. Watch that market. Right about the same time, the president will begin his trip to florida, where he will make a speech, i think the title ought to be protecting health care from socialist disruption. Its probably not called that but im making free rein here. Usually when the president leaves the white house, he speaks to reporters. He may address the economy. Whatever he says, youll hear it and it will probably move the markets. Theres news on the president ial campaign. Bernie sanders is recovering from heart surgery and has canceled Campaign Events until further notice. Obviously, there are questions about a 78yearold facing another year of grueling campaigning. Joe biden is taking a hit in the latest polls from his son Hunter Bidens business dealings in ukraine and china. Heres my opinion. Its now Elizabeth Warrens nomination to lose. Heres another opinion. That should worry wall street and it should really worry moderate de
Sunday. This despite a new deal between the eu and turkey aimed at stemming the arrival which has come in full. First for you, breaking news from marley. Armed men believed to be currently attacking a European Union military base in the capital. This has been confirmed by the Defense Ministry official. The Reuters News Agency that attackers tried to force their way through the entry. Guards returning fire. The witness says one attacker has been killed and the gunfire continued for several minutes. You can see on this screen right now, the north hotel is not operating as a hotel currently. It has been converted into a base for eu forces. Back in november, islamist militants launched a deadly attack on a reticent hotel in bamako. Security a great concern for capitaln somalias right now. More updates as we get them here on france 24. Hailed thea has warming of relations between the u. S. And cuba from havana. Midway through a historic visit there. The first sitting president in 88 years t
Growth and uncertain growth. The aussie dollar is falling sharply on that news. Australian stocks, on the other hand, rallying more than 2 on the news. In asia, japans markets were closed for the Constitution Day holiday. Chinas Managers Index shrinking to a 14month for its 14th month coming in below forecasts. A bit of a mixed picture. Shanghai compost up 2 . And hang seng almost the lower. All eyes on . Yeah, go for it. Moving forward, in pretty negative territory. And germany is lower than 2. Ftse lower than 1 . Italy and spain off by more than 2 perhaps because the eu trimming its 2016 growth forecast to 1. 8 from 1. 9 . Its 2017 growth forecast from 1. 9 to 2 . Also cut Inflation Forecasts despite their efforts to do Everything Possible to try to lift inflation. Watching european financials, ubs reporting a sharp decline in management wealth business. Which was supposed to be all the european banks going into wealth management, they were going to be smoother when it comes to their
Checked. Lets take a look and see if that still holds. Yes, it does. Not significant declines but declines nonetheless across the board. As for asia and japan, japanese gdp it did pressure the nikkei there to the tune of 4. 7 . The Chinese Government offering financial stimulus to towns to maintain economic growth. Signs of life there in the chinese economy. Lets get to our road map this morning. That does start with the s p. Which is sitting just under the key technical level of 1700 but setting up to expend a multiday losing streak. Blackberry replies all, says its open to exploring Strategic Alternatives. Jcpenney mulling action against bill akman for turning deliberations into a public discourse. And we have a date. Apples new iphone will be unveiled on september 10th. Were coming off a week in which the dow industrials broke a sixweek winning streak. This morning as we saw futures lower on that news out of japan where Second Quarter gdp rose 2. 6 , thats well below economic foreca