America are piling on mountains of debt. What happens when its time for companies to pay the piper well get some answers on this tuesday, june 11th as Worldwide Exchange begins right now im back hi, from wherever youre watching im Brian Sullivan. Thank you for joining us on this tuesday. It could be a lucky seven for stocks theres a lot of green on the screen, and we can use i another rainy day in new york. Either get another cup of coffee or go back to bed. Dow futures are jurnd under 100. The dow on a sexday win streak. Of course, if we keep this up, it could make it a sevenday the bond yields are ticking up higher the benchmark tenure yield at 2. 16 . Also watch oil Oil Beginning to creep a little bit higher as well were up just under a percent. Also a big night overseas. Not as much in japan the nikkei in japan did rise 3. 1 look at the shanghai come possib posit. And the European Markets like our futures, like asia, a lot of green on that screen as we talked about, germany startin
Container that is cutting down on waste and making money by helping the environment. Well find out more. And austria is banning the smoking ban. So would you avoid places where smoking is allowed or are you not that bothered . Just use the hashtag bbcbizlive. Hello and welcome to business live. South africas beleaguered president jacob zuma has resigned with immediate effect avoiding a no confidence vote planned for today. He faced persistent allegations of corruption and will now be formally succeeded by Cyril Ramaphosa, the new leader of the anc. Markets have reacted positively to the prospect of a new president. Since the start of december, the South African rand has been the best performing currency out of all of the emerging economies here you can see the dollar declining against the strengthening rand. It rallied a further 2 on the news of mr zumas resignation. Many suggest mr zuma was not committed to serious economic reforms. Gdp growth has slowed over the course of his tenure.
With biggest gain in september up about 4 . Cheryl you may never have to assemble a piece of ikea furniture ever again. Good news for marriages everywhere. Fbn am starts right now. Lauren tgif, 5 01 a. M. In new york. Im lauren simonetti. Cheryl good morning, im cheryl casone. Have you ever assembled ikea furniture . It is not fun. Lauren lets stick with breaking news this morning. President trump and Vice President pence selling administrations tax plan. Trump will say how it will affect the Manufacturing Industry when he speaks in association of manufacturers this morning in washington. Fox business will have live coverage of that event shortly before 11 30 this morning. Pence telling americans that help is on the way. Literally killed jobs across the midwest and Cost Companies to close factories and build them overseas. Folks, this cant continue. And under President Trumps leadership, those days are over. Cheryl we get more of the administrations push to overhaul tax code from our o
Relations. And the first criminal charges into russias role in the election. Paul manafort, Donald Trumps former campaign chairman, was indicted for tax fraud and conspiracy against the united states. He and his business associate, rick gates, surrendered to authorities and for more on all of this, we turn to california congressman adam schiff, the ranking democrat on the house intelligence committee. He joins us via skype from washington, d. C. Congressman schiff, nice to hav. Thank you. Great to be with you. You were at the hearings this week, where facebooks of facebook, google and twitter all testified you their companies were used by a russian misinformation campaign. How would you assess the testimony from those companies . I think it was very important, because the American People got to see what these ads looked like, just how cynical they are, and just how the russians skillfully used these platforms to spread propaganda during the election and also to drive wedges between ame
Such as immigration and race relations. And the first criminal charges into russias role in the election. Paul manafort, Donald Trumps former campaign chairman, was indicted for tax fraud and conspiracy against the united states. He and his business associate, rick gates, surrendered to authorities and for more on all of this, we turn to california congressman adam schiff, the ranking democrat on the house intelligence committee. He joins us via skype from washington, d. C. Congressman schiff, nice to hav. Thank you. Great to be with you. You were at the hearings this week, where facebooks of facebook, google and twitter all testified you their companies were used by a russian misinformation campaign. How would you assess the testimony from those companies . I think it was very important, because the American People got to see what these ads looked like, just how cynical they are, and just how the russians skillfully used these platforms to spread propaganda during the election and als