His story breakthrough after 2 decades of negotiations but the deal is not without its critics. In brazil large areas of amazon rain forest are being destroyed to make way for cattle farms much of the meat is exported to europe. Now that the e. U. And south americas mercosur were block have struck a provisional trade deal it could result in higher quotas for b. Thank sports to europe. German chancellor Angela Merkel had pushed strongly for the lucrative agreement she hopes it will give a further boost to german industry for example through car exports i like many e. U. Leaders shes looking to multilateralism at a time when the u. S. Is pulling back from free trade. The Draft Agreement ends nearly 20 years of negotiations between the e. U. And mecca sewers full members brazil argentina uruguay and then now suspended venezuela but the deal faces hurdles before its approved Harsh Criticism has come from european farmers and environmentalists you have beef adduction brasilia 50 protection
Historic breakthrough after 2 decades of negotiations but the deal is not without its critics. In brazil large areas of amazon rain forest are being destroyed to make way for cattle farms much of the meat is exported to europe. Now that the e. U. And south americas mercosur were block have struck a provisional trade deal it could result in higher quotas for b. Thank sports to europe. German chancellor Angela Merkel had pushed strongly for the lucrative agreement she hopes it will give a further boost to german industry for example through car exports i like many e. U. Leaders shes looking to multilateralism at a time when the u. S. Is pulling back from free trade. The Draft Agreement ends nearly 20 years of negotiations between the e. U. And sewers full members brazil argentina uruguay and then now suspended venezuela. But the deal faces hurdles before its approved Harsh Criticism has come from european farmers and environmentalists you have beat that action brasilia of people to actio
The market rewinding as the fed rate cut hopes are dampened. Wall street is getting more bearish as Morgan Stanley says to sell stocks now euro banks are in turmoil as Deutsche Bank takes measures to restructure. Did it come too far too fast, and are we about to see a stock rewind guy . Number one karens back, youre everybodys back now gangs all here all here. And the matching outfit matchymatchy cute. Whats wrong, dan i havent seen you in a month and youre already discounting me no, im loving the Syracuse Orange way to represent, people listen, i think stocks have gone too far, too fast, absolutely i thought that, you know, probably 250, 200 dow points ago, maybe 75 s p handles to go. With that said, you know, the Morgan Stanley, thrive beentive. I think theyre going to be right. The thing on the list that concerns me the most believe it or not is Deutsche Bank and european banks in general. I do think the markets banking way too much on the Federal Reserve that is now people think th
What italy did to the Banking Sector that would make Elizabeth Warren smile it is tuesday, august 8th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. We kickoff the hour with the u. S. Stock futures with the higher session for wall street and the dows best day since june the futures are in the red across the board right now, the dow would open up 80 points lower. It is early. Also seeing the nasdaq hardest hit down. 30 . We are looking at the bond market ahead of the busy week for fixed income with 100 billion in longterm issuance over the next four days. Yields here with the 10year treasury at 4. 01 this is down from where it closed just about a week ago we are seeing a steady decline after the fitch downgrade where yields spiked up 2year treasury at 4. 764 the yield on the short end is something we continue to watch with the bond issuance we will talk to our guest later on in the show the Energy Market and wti at 81
Doordash joins us to run through the companys latest results. There is a wealth of micro data today that we will be digging into, not to mention new yorkbased peloton. I am looking at a plot at a broad index. We are seeing the nasdaq up. 7 . We are relieved we will not see rate hikes but no signal of rate cuts as we see a resilient u. S. Overall jobs picture which we get no detail of friday. Yes there is a cooling, the slowest increase in jobs since november. We are seeing a 10 year yield down one basis point. We anticipate the jobs data and the bloomberg dollar index weaker as we see a bit of a relief. Down. 4 . What is bitcoin during versus the u. S. Dollar . They were up 3 . A risk on trade today. What are you watching on this Corporate News front . Ed lets start with peloton. Wild morning session. The ceo will step down. 50 of the Global Headcount will be cut. Things are not Getting Better for peloton. Look at the chart to illustrate the point. When the market opened there was a se