Everything has to do with the tax reform in the u. S. Dollar, a little bit affected by the tax bill. Theresa may made moves to rally the troops to have a common vision on what trade will look like. We will speak with the vice chair of rothschild. We will also speak to david herro. And then, we will speak to fed president the of dallas we did get figures out of germany and Business Confidence is at 117. 2. It is missing estimates just buy a touch. To be at 117. 2. Weseems to be ranging as speak. Lets get straight to the bloomberg first word news. Reporter donald trump has called russia and china rival powers to the u. S. As he outlined a new foreign policy. In a departure from his previous statement, he declined to mention Climate Change as a threat. Donald trump we also face rival powers, russia and china. We will attempt to build a Great Partnership with those and other thatries, but in a manner always protects our national interest. Reporter nikki haley has blocked the u. N. Security
Conversation on top headlines. Heres Brendan Greeley. Brendan china is stepping up its verbal support for the yuan stemming the currencys worst fall into decades. The Central Bank Held a rare press briefing today. Officials said theres a reason for the depreciation to persist. Plus the bank said it will take action when there is excessive volatility. Concerns a good cause instability in china. There is a surprise from greece this morning, the government says the economy unexpectedly in the Second Quarter. Economists forecasted it would shrink. The economy have been crippled by months of haggling over the bailout. The greek armament is preparing to vote on the new bailout package. New spending cuts and tech hikes tax hikes. The rest of the euro has devote. Former president jimmy carter undergoing treatment for cancer. Mr. Carters of the cancer was discovered during liver surgery and is in multiple locations. He is 90 years old. He says he will release more information as soon as next we
Im sara eisen. Good morning from me as well. A big day ahead on cnbc as we bring you a front row seat to the sixth annual delivering alpha conference. Bringing together the most important players in Asset Management and tackle the Critical Issues facing investors in todays economy. Among the headliners treasury secretary jack lew kicking things off. His predecessor tim quite quite speaking, paul singer, steve are schwartzman karl icahn. Another tripledigit move here in the premarket. We saw this kind of move yesterday completely reverse course and the dow closing up more than 200 points. Dow futures under pressure again, minus 112 there. S p futures are down 14 half points. Nasdaq futures are down about 30 points as well. Again this after yesterdays reversal that clawed back more than half from fridays big selloff. Amazing turn around. Yesterday we were looking at similar futures declines. By the end of the day two sectors were up less than 1 , energy and materials. A massive rally tha
And tom keene. We are trying to understand the markets, especially the fears around the Deutsche Bank. Tom not only the fear and the crisis and the charts but exactly what is cocoa . Think an explainer is in order. Maybe by the end of morning we will be a little bit smarter s. Th these odd derivative francine crucial, we will find out more throughout show. Lets get straight to the first word news with Caroline Hyde. The first votes have been cast for the first president ial primary in the United States. These oldfashioned paper bernie showed that sanders got all four democratic votes. John kasich got three and donald trump got to. Bernie sanders is beating Hillary Clinton by double digits in some polls. In the republicans, the polls show donald trump well out overhead. Later today on bloomberg, a twohour New Hampshire special on with all due respect starting at 5 00 p. M. Eastern time. In germany, to commuter trains collided. More than a hundred 50 were injured. The area is not easy to
What i am looking at it what they are looking at. Reach out a common theme their. Mitch mcconnell and the president say they will try to reach Common Ground on it interests such as International Trade and taxes reedit and kentucky yesterday, mcconnell spoke about ending gridlock. Work on to pass legislation, some of it he may not like, but we are white to function. This gridlock and dysfunction can be ended. It can be ended by a senate that actually works. Mcconnell made two promises no more government shutdowns and no defaults on a national debt. The European Central bank will likely keep its Interest Rates on the floor. Ecbs meeting for the First Time Since the bank of japan dropped its stimulus surprise. Economists believe the bank will eventually launch a largescale Bond Buying Program to kick europes economy in the pants. As 6 of tesla up as much in the premarket. The electric car maker a jump in orders for its model s sedan. Elon musk says overall it should grow 50 next year and