Wisconsin protests. World Central Bank Leaders coming together virtually, Federal Reserve chair jay powell speaking at key economic conference and investors closely watching what he has to say. Ahead of the speech, few hours are lower. We are taking a look at decline at start of trading. S p and nasdaq hit record highs again yesterday. This morning dow futures down 88 points. Mornings with maria live right now. Global markets this morning are red across the board. Take a look at european indices, the cac quarante down 31 and the dax index lower by 52. In asia overnight markets mostly lower, worst performer was korea down more than 1 . Top stories that we are watching this morning. Night 3 of the Republican National convention honoring americas bravest, devoting their lives defending our freedom. Since 9 11 ive seen americas heros up close. Some of them saved my life. Service, its more a word to me, its a way of life. Maria meanwhile mike pence touting President Trumps economic success
Be paying off, and remaining optimistic in the face of retail hit and miss his. We hear from ceo rob scott. Lets get you started with a quick check of the market close on the tuesday session here in the u. S. It was a wild ride with u. S. Stocks paring back some of the gains we saw in the morning session. The s p 500 lost. 3 and the dow lost 120 points. We saw financials leading to clients and the 10 year yields fell below 1. 5 . We had high volatility in the vix, some trade optimism coming from the g7 but with chinese officials not confirming some of those remarks by President Trump , Investor Sentiment souring a little bit when it came to trade. Some mixed Economic Data as well. U. S. Consumer confidence falling less than expected but the Manufacturing Index was near recent lows. All of that playing into the Market Action today. U. S. Futures at the moment not doing much. Lets see how we are setting up in asia. After that sea salt session in the u. S. It looks like asian futures are
Trish okay. You hear that . There is no evidence of any collusion between trump and russia. So why dont we hear any of that pro the media, i want to know . Governor of texas fighting back against sanctuary cities, suing officials in austin for refusing to enforce immigration law. Will this new tactic curb illegal immigration . Were on it. Venezuela on the brink of civil war. You have protesters rioting. Children are starving to death. This country used to be one of the very richest in latin america. It was a major exporter of food. It had all that wealth thanks to oil. Well, socialism has ruined it. Well cover venezuela. I want to get back to the top story, sally yates hearing making waves in washington. Adam shapiro has more. Adam, the big takeaway here, good news people should be celebrating, James Clapper under oath saying no, there was no collusion between Donald Trump Campaign and russia itself. I mean that is the narrative that had been pushed over and over again by the mainstrea
There. The cac in france down by close to 1 . In italy the ftse was down by 2. 19 . The dax is off by just ov over. 60 . Also, well check out crude oil prices today. Crude oil after a big rebound you can see is down by 1. 25 . Wti for july, that is a new contract, is now trading at 47. 81. Okay. We have a big top story to talk about this morning. A potential deal, jer m bayer o a deal valued at 62 billion to buy monsanto. Lets talk to bayers ceo about th this, werner baumann, your decision came about how . Monsanto received a private offer from us. It was out in the open and we want to explain to the public and to shareholders what the content of the offer is and why it is so attractive to shareholders. Should we be taking your public stance as one where there are private negotiations are taking place, or should we take you going public to educate the public on what is going on and to put pressure on monsanto . Well, we are early days at this point in time. And we have submitted our of
176,000 for a month ago. Just ahead of todays allimportant jobs report, the ecb will be making its decision on Interest Rates. The bank is expected to maintain its key lending rate at 0. 5 . Ecb president mario draghi will deliver comments from a different venue. Todays meeting will be held in paris around 8 30 a. M. Eastern time. Lets send it over to andrew with another big event today. We have a lot of big events today, becky. The nations top bankers are meeting today. Among the big names headed to the white are jamie dimon and Brian Moynihan. The original theme was, of course, fence mending between the administration and the financial sector. Now thats all the aif. The Government Shutdown, debt ceiling there expected to be the major topics of discussion. Also today, treasury secretary jack lew pressing congress to act immediately to raise the nations debt ceiling. Right now, the department is using extraordinary bookkeeping measures i dont know what that could possibly mean but anyw