Spotlight after the Central Bank Holds the market steady. They grab investors attention after they post the biggest weekly gain since early june. The german car maker speeds away from a long running probe into the failed take over of volkswagen in 2008. Welcome to the show. French gdp disappointing earlier coming in flat for the quarter. German gdp in line, a little below expectations. Italian gdp has just come in as well and that has disappointed too. The expectation year on year was for plus 0. 5 and has come in for the year but the expectation quarter on quarter was for plus 0. 3 and we have 0. 2 gdp. So a little disappointing. Not as disappointing as the french number earlier which was flat for the quarter against expectations of a 0. 2 expansion. Joining us now is the senior european economist. Good morning to you. We await the broader euro zone number in about an hour but so far what weve got from the likes of italy, germany, france, disappointing. Slightly disappointing. I would
Fields in just a few minutes about exactly what it tells about where they are in the First Quarter and with the rest of the year is going to look like. You the ecb bring a. M. Y decision at 7 45 eastern time. Futures be stable out there. S p 500 futures up marginally. Weve pulled further back from se highs alix time for the morning brief. Weekly initial jobless claims in the wholesale inventory the durable goods and the trade balance from march. The treasury will auction 20 billion in sevenyear notes. Finally, today is the busiest day of firstquarter earnings season with 65 Companies Reporting. Weve got alphabet, amazon and starbucks all reporting. Emma President Trump one people pulling the u. S. Out of nafta immediately. The white house as the president ruled out terminating the Free Trade Agreement after talking with the leaders of mexico and canada. Instead, the three countries will renegotiate. Provide an early test for President Trump the taiwanese will submit to the u. S. As an
Told anna. He says barclays is becoming the bank he wants it to be. Boosting pressure on north korea, Rex Tillerson echoes trumps warnings, but says to is ready tona impose further sanctions. Is the market paying attention . Alphabet beats sales projections in the First Quarter and amazon continues its 20year streak of doubledigit revenue growth. Will it continue to fuel the nasdaq streak. Less than an hour away from the end of the month in trading when it comes to european equities. We start the session on a little firmer footing. The fair value calculations on your bloomberg. 1 s like we are opening up higher. Interesting to see how the stock stories perform. Lets talk about what is happening more broadly. Not a lot of action. Lets show you the gmm screen. The is the picture around world. The dollar a little firmer bid. Up by. 1 . Elsewhere, not getting huge moves. Equity markets drift and that is the story to take away as well. Do we get a sense of direction from the gdp data today
Position for this party in parliament. Early polls suggesting in march could just about fall short. And for the third dime, akzo rejecting a bid from ppg, lower hostile bid could lose. Well, a very interesting guest on squawk box, saying the shares on the market, there was a real expectation from the markets actually indeed after mr. Trump as well. And indeed after the selections on the outside. With trading and elections these days, even if you get the result right, you might get the trading result wrong. Its been very difficult to trade. You see even on the margin much stronger than anyone anticipated for macron. That made a difference for the per spception here in france. The european stock markets, theyve actually turned negative, after initially opening higher. Following a strong set across the board. For positions, people just wanting to lowering their positions as well. Bank, banks are amongst the biggest decliners. You look at this. Stocks trading lower. Having had a big sellof
Set the goal of rewriting the rules. s so more Companies Share profits with their employees, not just their executives, instead of shifting profits and jobs overseas, we have got the greatest country in the greatest economy in the world, lets start acting like it. Lets make it clear that the companies have to be part of that greatness [applause]. Lets set the goal of makinggoag sure that wall street and the wealthy pay their fair share of taxes. Of ways of now there are a couple ways of doing this. I have been proposing a number of them, something called thee buffett rule after warren buffetts. No millionaire should pay a lower tax rate than somebody working for him, like his secretary. [applause]. The people who have profited the most, even since the Great Recession of people now need to give back. This country hasry given so much to all of us. Everybody should share the burden. I have made a pledge, i will not raise taxes on the middle class, but, but we are going to raise taxes on c