You got quiet so quickly. Good afternoon and welcome everyone. We are in for an important discussion. I am liz schrayer the president and ceo of u. S. Global Leadership Coalition usglc . We are honored to cohost todays event. And i would like to welcome our special guest ivanka trump and usaid administrator mark greene. Todays program is the first public event in the United States of the u. S. Global initiative. This is an opportunity to highlight a Game Changing initiative. Unleashing the full potential of women in the world. And to hear about innovative activity. For the men in this room no offense to you but a topic like this, to go wrong . U. S. Global Leadership Coalition usglc has been pleased to be part of this initiative. I remember early on when the board had the opportunity to meet with ivanka trump your unwavering commitment to bring the idea of womens Economic Empowerment to the center stage has been extraordinary. And everybody in this room joins and thank you for that. An
Giving a little bit of a lift to your markets. I am looking at the u. S. 10year yields now coupled with this truce around these trade tensions is weaker than expected factory numbers. Watch out for that. , 1387. See gold down manufacturing pmi below estimates at 47. 6. Than what the preliminary reading was. We speak to Joseph Oughourlian. The best opportunities to find value. Lets get to bloomberg first word news. Hi, francine. Deutsche bank may cut more than a fifth of its workforce. It would be the lenders shakeup in years. They may approve the loss as many as 20,000 jobs. They were working on tough cutbacks after failed merger talks. Trump coming the first sitting u. S. Leader to set foot inside north korea. He met with kim jongun at the militarized zone at the demilitarized zone. He said stepping across the border was a great honor. He also invited kim to visit the white house. Closer to becoming the next European Union commissioner. President donald two skids trying to shore up th
Mark, we have been pleased to join you in discussions with you and your team for bringing your expertise on Global Development to the table. I know i was pleased to join both of you at the oval office at the signing of w gdp and we were very proud to work with capitol hill on the passage of the womens entrepreneurship and Economic Empowerment act and we have some members of congress who will be talking about that shortly. The truth is there are a few agendas that bring together people and that are as compelling and as unifying as the one we are going to talk about today. In this town it is quite nice that we have a topic that does that. Gathered here is a wide array of stakeholders that have come together because they believe in the initiative we will be talking about. I see friends from the administration, from the white house, state department, friends from capitol hill from both sides of the aisle. The leaders are also known as the strange bedfellow coalition because we bring togeth
Circumstances here require the appointment of a special counsel for this matter. This Appointment Underscores for the public the departments commitment to both independence and accountability and particularly sensitive matters. And to making decisions indisputably guided only by the facts and the law. Lets bring in Wall Street Journal columnist Dan Henninger and kim strassel do you think Merrick Garland had a choice here or was he boxed in and really had to appoint a special council or is he just trying to build in some political insulation here for the hard choices that may come . Well i would say all of the above, paul. [laughter] for sure. I mean, really consider that one week ago today, we were all sitting here discussing that fiasco of Kevin Mccarthy House Speakership Roll Forward nearly one week we have a spectacle of a special council appointed to investigate the sitting president of the United States after one has already been appointed a special council to investigate the form
Stronger u. S. Dollar. You can see that here at the bloomberg u. S. Dollar index up over 12. 75 and dime excreted gaining . 65 per barrel, currently at 84. 40. All three of these things here are bad for this thing here and that is why you see stocks dropping. Abigail doolittle is here with a look at the earnings so far and we have had and still have a ton of earnings to come. Abigail, 40 of the s p 500 reporting this week. 15. 8 trillion of market cap recorded. You did a great breakdown of the macro pressures for the s p 500, nasdaq 100. Here are the micro pressures and we have a tale of two stories in the cloud. Microsoft of 2. 7 up to. 7 on strong cloud corner, revenue over of 13 , betterthanexpected. Back in the team growth area. Their cloud is much better, up 29 and above the three preceding quarters, even though it did not top yearoveryear growth estimate. Take a look at google or alphabet, down 8. 9 , between its worst day from last year and march of 2020. That is the degree of s