Exports from france and the u. K. In what could become a wider transatlantic trade fight. Just what everyone needed. Correspondent mike mckeen is going to break down those details. You missed it right . Terrace man, he is back. The Trump Administration getting ready for another round of tariffs on the European Union. This time legally permitted by the wto which the administration billion ino 7. 5 tariffs because of illegal subsidies to airbus. The initial round only targeted half of those. Ony put in 15 taxes aircrafts and parts, 25 and including Gourmet Foods like scotch whiskey. Also industrial goods like pipe cutters. Now they want to impose a new round using up the rest of the money, they would put tariffs on things like all lives, be your, trucks, beer, clothing. Good news for guy, bad news for alex. Edition jin would get more expensive at the height of gin and tonic season but maybe an excess of supply would help guy in london. This is something called carousel retaliation. They
You were just talking about times when its okay to sell if youve had gains on some of these big cap tech names. Yeah, im not advocating that this is a get out now moment, i just think that we have had such a good run, there was something that came out on the screen this morning that we are having the best quarter since the Fourth Quarter of 1999 and i just cant be, oh, well, so what, when was that that was a seminole top. Theres been some fantastic runs and i think that sometimes we forget why we own stocks we own stocks to create wealth there was a gentleman on just now, mr. Bailin and he said so many good points, he agrees with me on selling some of the ones that have really moved he would like to rotate into the stocks that havent moved yet. What i am saying is there is no sense for a lot of our investors who watch to rotate into something that hasnt moved when they can just sit and wait with some cash, which is cash has been so vilified and i think that i am not coming in early lik
Deliveries. China is facing new tensions on two fronts. President trump prepares an executive order. Beijing slams london for interfering in hong kong. Shery lets get you started with a check of the markets. U. S. Futures right now opening flat. This after we saw stocks jumping in the regular new york session. We had broad bullish Global Sentiment as we saw the stock rally in china. The s p 500 closed higher for a fifth consecutive session. Where talking with the longest winning streak since december. Amazon rising past 3000 for the first time. The nasdaq composite closing at a record high. We had this risk on sentiment sapping demand for havens. The dollar index down for a fifth consecutive day. What oil is doing. Unchanged. Unchanged. Crude Oil Inventory data comes out later in the week. Investors weighing not only crude supplies and the surging infections but the u. S. Ecodata. We are talking about nonManufacturing Index confirming the economy is bouncing back fast with the Manufact
Smartphone sales. Details about the beijing security law. Shery this is quite a reversal from the deficit we saw in the previous month. We had seen south koreas current account falling to deficit for the first time in about one year but the numbers have recovered and we are seeing a rebound with our current account surplus topping 2 million. When it comes to goods, the trade surplus coming in at 2. 5 billion for the month of may. This is quite a recovery given that we had really fallen to the lowest level since 2008. Good trade surplus numbers. A much better than expected number out of south korea when it comes to the current account surplus and also the goods trade surplus for the month of may. Lets see how markets are trading at the moment. We are seeing now nikkei futures unchanged. Same for u. S. Futures. This after we had stocks here in new york jumping following the holiday weekend. We had seen five sessions of gains for the u. S. Now unchanged at the moment. The japanese yen Hol
The s p thought biggest rise in two weeks. Saw its biggest rise in two weeks. Korea may send troops to the dmz. Seoul remains on high alert. Shery lets get a quick check of markets. U. S. Futures under pressure. We have the s p 500 rising the most in more than a week. We had seen optimism over the u. S. Economy really offsetting any can turns over a second wave of virus infections. Nikki futures unchanged at the moment. We are waiting japans may trade data. The deficit likely narrowed. We had the boj increasing at support for corporate financing yesterday. Futures up 0. 6 . This after the best day in over two months. Yesterday, we did get the rba june Meeting Minutes with more concerns that the economy is likely to need policy support. Gaining. At the moment stocks reversing five sessions. Do watch out for new Zealand First quarter gdp numbers out later this week. Lines getting some across the terminal from jd. Com at of its trading debut in hong kong as the ecommerce player saying tha