Germanys business conference figures that is a test below figures. Figures. H low a lot of numbers out there. The ecb is what people really want to know about. The treasuries edging higher. A surprise in ecb policy that will play out on eurodollar. Currently at 1. 1126. And the weakness of that economy. This ahead of later mario draghi. We will be seeing that press conference. Lets get to bloomberg first word news with viviana hurtado. Viviana Boris Johnson clearing out more than half of theresa mays top team. A stream ofidating brexit enthusiasts into his cabinet. Becomes l counselpecial u. S. Robert mueller largely disappointed democrats with his testimony yesterday. Some wanted him to read aloud potentially damaging parts that he declined. Trump. Resident Donald Mueller didnt offer any clues. Bernie made off asking trump to shorten his 150 year prison sentence. The 81yearold is hoping to finish his fight and freedom. Made off was jailed for running the biggest ponzi scheme in histor
Our road map begins with the earnings deluge. The busiest day yet with 3m, comcast, dow crossing the tape plus, tesla shares tanking this morning despite record deliveries of its electric cars. The automaker did report a larger than expected loss. And max pressures southwest shares falling sharply ahead of the bell. Loves gary kelly will join us exclusively this hour. Stocks set to make new record highs with two big movers today. Tesla, a larger than expected loss for q2 margins down despite record deliveries of course, facebook beating on both the top and the bottom lines, but with that warning that growth will slow. Results include a 2 billion charge as part of the 5 billion settlement with the ftc as facebook resolves one probe, disclosing yet another, saying the ftc began an antitrust review in june, which is separate from the antitrust review of Big Tech Companies Just Launched by the doj theres plenty to choose from this morning, jim. Whats on your mind . I love the facebook call
Remains on precarious footing. The glass is half full. The Global Economy has been resilient, but at is tame time you look at the big picture how weak the growth is, we should be concerned. Chinese exports sink in may, missing the forecast by a wide mar jij. Its over concerns of a weak economy at home. Surge at the top of the stoxx 600 after the First Quarter profits jump despite rising cost pressures. Good morning, everybody, and a warm welcome to street signs. Well kick off the show with fresh forecasts. The oecd has slightly raised it growth the organization said it sees inflation falling to only 4. 7 next year well above central bank targets, driving its forecast that the feds will cut rates modestly. Its not just oecd. The world bank now protecting World Economic growth to decelerate down from 3. 1 in 2022 the group says higher Interest Rates have put the World Economy in a precarious condition. Tighter Credit Conditions are starting to hit emerging markets with one economy in fou
0. 75 . No real shockers. Will they or wont they raise rates come september . Some of the language seemed to be upgraded. Some games before raising rates. What will that word mean . Youve got breaking news of u. S. Gdp later today, spain, austria, sweden, all giving us their gdp. Spain rising 1 as expected. Lets have a look at how the euro is faring. We saw the dollar rally on the back of that positive language on the job market, saying the improvement is solid. The Federal Reserve said yesterday, euro lower. Look at the dollar, up 0. 4 at the moment. We are currently seeing u. S. Dollar on a tear. Dollar is going to its biggest monthly gain since march. Lets also check in on oil. We are seeing a bit of a bounce up 0. 3 . Supplies cut in the United States. That seems to be pushing up oil. No relenting to the pain for the oil majors. I could have told you about so many earnings. I could have told you about the biggest Engineering Company in europe, siemens. Thats a beat. Ab inbev, thats
History. Well bring you the latest on the markets. And well be getting the inside track on Life In The Fast Lane with the boss of londons city airport. Just how do you grow a business thats hemmed in on all sides . Scientists say Smart Devices or is good at doctors as spotting skin cancer. What would you like your phone to warn you about . Just use the hashtag bbcbizlive. Welcome to the programme. Were talking about Corporate Tax cuts. Its a central part of President Trumps strategy to boost the us economy, and is on the agenda today at the republican partys annual retreat in philadelphia. President trump will be there to give an address, as will british Prime Minister theresa may a first for a foreign leader. Before winning the election, mr trump promised hed cut the us Corporate Tax rate from 35 to around 15 to try and keep more us business onshore. Hes targeting the billions that us multinationals like starbucks, google and microsoft make overseas. Mr trump says hell allow them to r