Donald trump is signaling what looks to be a tougher american policy toward china. Trump broke protocol last week i speaking with the taiwanese resident and then took to twitter to challenge chinas trade and military policies. Hour, inng up this business, International Investors make their move in the mexico oil rush, taking advantage of the privatization of the countrys energy sector. Nd happy birthday to us france 24 turns 10 years old today. More on that coming up. First, our top story, live from paris. Genie we will start in france with the political shakeup for the ruling socialists. The interior minister, bernard cassidy, has bernard cazeneuve, has just been named Prime Minister. So the manuel valls can focus on running for president in the next election. That comes after Francois Hollandes shock announcement that he was not running for a second term. Manuel valls nomination is not a done deal. He will be one of eight candidates in next months socialist primary. Catherine norrist
From germany and we are now getting gdp from the italian economy, growing 0. 3 in the First Quarter. The vague question is whether a lot of this growth comes from the ecb and a lower euro or whether it comes from Sustainable Growth thanks to reforms put in place for example by the italian government. Gdp growthent, that pretty much in line. This is your market, or these are your markets this morning. Stocks in europe dropping a touch because we had quite a lot of earnings that disappointed. We also had subdued Economic Data. Gdp in germany was a little better than expected. Haven assets including japanese yen, gold, also in fencing. Also advancing. The Australian Dollar slid to a twomonth low. Were also just kidding, i believe, breaking news from china. Aggregate financing number, 751 million. Lets get straight to the bloomberg first word news with nejra cehic. Nejra germanys economy grew at its fastest pace in two years. Gdp rose just north of 2 in the month ended march 31. That being
Data of this latest batch we are getting in the past few moments. Signalingtill expansion of these services industry, just not as much of a next engine estimated by economists. That is the slowest expansion going back to 2014 in february. Obviously already a weak reaction to the overall jobs picture and it looks like a an acceleration in the decline. The nasdaq down 8 10 of 1 . The dow off more than 100 points as we are looking at the fall out from all of his other data. Betty a game changer. Walk us through the changes in the market. Julie you see this reaction in stocks. A clear reaction in futures. It is really dramatic when you look at the bond market. The two year yield a huge leg lower. Of a leg lower after this latest number. 0. 78 now. In magnitude it is pretty huge, but coming down from where we have seen in recent days, as expectations had been rising for june and july. In the 10 year, similar. The twoyear sentence to be more sensitive in the outlook for the fed, but a big mo
Markets this morning, yesterday an upday. The nasdaq has seen seven straight positive sessions, the first time that happened since february of 2014. This morning we are flat as wall street awaits the jobs report. Overnight, in asia, take a look, youll see, yeah, asia was higher with japans nikkei up by almost half a percent. You saw gains of better than. 4 from the hang seng and the shanghai composite. In terms of what is happening in europe in the early hours, youll see right now things are up for most of the markets. The dax is up by half a percent. If you check out crude oil, yesterday, crude oil was higher, broke a fourday losing streak. This morning it is up another ten cents to 49. 26. The next fed meeting scheduled for june 14th and 15th. There is a small chance of a rate hike at that gathering, but the cme groups fed watch program tells us that the markets are now pricing in roughly 59 for the july fomc meeting. Well talk to says july or september. Hes sitting right there. He h
A man, 31 years of age. Born in understand tunisia and d here. Plaud into the crowd plowed into the crowd. France is again the target of a terror attack, this time in the southern coastal city of nice. France, as a whole, has to share this emotion, the solidarity with the victims, with the people close to them, their family. Reporter we are getting new details about the horrific attack and the man responsible. Mohamed Lahouaiej Bouhlel drove an 18ton truck two kilometers down the promenade des anglais where hundreds gathered to celebrate bastille day. The music was so loud, there was literally screaming and running. It was mass confusion. Reporter engaged in a gun was shot and killed. Found in the passenger seat. In the truck, officials found a handgun, ammunition and a number of replica weapons. They also found his i. D. Card. With only petty crimes in his background, he was previously unknown to intelligence services. Whether nationally or locally, he had never been the subject of an