Well. Guy thats interesting. Interesting about the u. S. Consumer. Tells us a lot about where we are right now. European stocks are higher. Volumes arent exactly great right now, but the trade narrative is helping. We may get an effective rate cut out of the chinese overnight. Pay attention to that one. Looks like the huawei extension is likely to go through as well. All of that helping lift stocks up, but it is unlike volume. Yields moving as well, moving higher. Bond prices are coming down. Big focus on germany on the fiscal side. We will talk about that in just a moment. That is a narrative moving markets at the moment. Brent crude up by over 1 . A bunch of reasons for that. Weve had an attack in saudi arabia, a drone attack. Also, the trump tariff talk helps out, may be giving brent a bit of an uplift. The Global Economy obviously a significant factor. Vonnie sticking with markets, we are joined by ash alankar, Janus Hendersons global head of asset allocation, live from denver. Wel
We and higher fuel costs. Will we and higherfuel costs. Will have we and higher fuel costs. Will have the details. We and higherfuel costs. Will have the details. Europe markets we will have the details. European markets look like this at the start ofa markets look like this at the start of a big week, another big week for European Central bank, will have details on what is moving those numbers. And sweating it for the planet well meet one company thats making activewearfrom recycled plastic bottles. And today we want to know about your morning routine. From resisting the Snooze Button to preparing meals the night before what are your top tips for a calm start to the day . Let us know just use the hashtag bbcbizlive keep it clean a calm and relaxing start to the day, certainly not working here keep those comments coming in. Well run you through some of the safe ones a little later. But we start the programme with this. We start with the trade war between the us and china, which is perh
What is happening with Deutsche Bank. Stocks really, havent strayed too far from the flatline today. We initially rose, then started to fade a little bit. The stoxx 600 down now only 2 10 of 1 . Deutsche bank initially rallied around 5 this morning. This afternoon has really completely turned around. The stock is now trading down by nearly 6 . This was not the reaction, i suspect, that those in Deutsche Bank were really looking for today. This is not been a huge vote of confidence in the Restructuring Plan Deutsche Bank has put out. However, more of a vote of confidence in the new greek government. ,reek bonds continue to rally falling by another six basis points. Thats get back to that big story on what is happening within the banking sector. Tsche bank glow very Deutsche Bank delivering its biggest turnaround effort yet. It will exit its equities business and take a restructuring charge of 7. 4 billion euros. 3 billion of it will be in the second quarter. Here to discuss all of this
Strong session. That sector going for its seventh straight day of gains. The only other areas with some green on the board kind of feels a little suspect as this last hour begins, well keep our eyes focused there as well. It takes us to our talk of the tape. Is the markets uncanny resiliency throughout much of 2023 a sign of whats to come in the months ahead or just too much to maintain. Lets ask eric johnston, hes made his case on this show that stocks are due for a big drop, and on the other side, nfjs john mowry who argued investors have been too negative. Both joining me live. Its good to have you both. Eric, youre here next to me. Ill come to you first. Why do you remain negative on this market as we make the turn into the fall . Yeah, so there remain significant headwinds that are in front of us, and i think looking forward. So i think if we look at a few different things, number one, this is a late cycle economy. Weve looked back and i would define the cycle by Unemployment Rate
Thus, sam beckman freeds testimony is the latest mustsee moment. We will look at the thorny issues over technology between the u. S. And china as President Biden plans to meet with the foreign minister. First, lets get a check on the markets with abigail. Abigail we are looking at a bit of a bearish day. Two down days in a row for the major indexes. What makes it so interesting, these quarters on the surface are not so bad. Metawas pretty good but it is the disappointing for alphabet. Right now in a correction territory, bringing the nasdaq 100 into a correction territory. Meta, the color around the ad spent weighing on shares. You can see the nasdaq 100 since jp morgan reported, it is down pretty sharply. We have another down day and another down month for the nasdaq 100. Big tech getting hit on some of these earnings. Amazon after the bell. The last two weeks, take a look at the losses for some of these names. Alphabet and meta down double digits. Apple is next week. When we put this