Tariffs and no differential support. So, in general, im in favor of no tariffs french president Emmanuel Macron tells cnbc that europe can develop into a tech hub and he wants to see the regions a. I. Startups close the innovation gap on the u. S. And china. I think it is good for the u. S. Ecosystem to have a vivid and vibrant and ambitious european ecosystem it is in the best interest we need more europe. European markets are on pace for their steepest daily drop in five weeks tracking wall street in the red as stubbornly high data throws the rates in doubt. And janet yellen calls for g7 countries to tackle overcapacity as Bruno Le Marie speaks out. The war in neither in the interest of the u. S. Or china or any country in the world we need an assessment of the situation. Hello and good morning weve got a busy show ahead of us lets get rolling here elon musk insisting he does not support the biden administrations announced tariffs on chinese evs this after washington slapped a 100 bo
Europe. This is Bloomberg Markets european close, with guy johnson and alix steel. Guy similar theme, selling on decent volume. Interesting technicals starting to develop for the european stocks. The lesson this week is if you have missed, you are being punished. Many were being punished in a big way. Just the latest example i can give you a long list, and there have been big names that have not delivered. Is this earnings season going to be the turning point . Stocks have held up well despite data in the opposite direction. Earnings are about to confirm the reality of the situation. Story has rippled across the atlantic sma solar can one of a number of stocks. That stuck down 9 . Alix speaking of technical levels, 4233 is the 200Day Moving Average for the s p. We are around that level around heavy selling pressure. Watch the level as we head into the close. This is how bad it is good down 30 . Orders canceled. Ripple effects across the industry. We will delve into that later on in the
Donald trump is back in court this morning for day 10 of your county, of his criminal trial. Todays proceedings began with another hearing on the repeated, i mean repeated, violations of his gag order. Will talk about that a little later. Things got interesting once keep davidson return to the stand. The former lawyer for both of the women trump is accused of paying off, Karen Mcdougal and Stormy Daniels. From the witness stand, davidson pulled back the curtain on the 2018 statement he wrote on behave of daniels. Seeming to deny her affair with trump. He admitted with trumps sitting in front of him, that the Stormy Daniels statement was designed to look like a denial. It was a nondenial denial you could say. The statement read, quote, i recently became aware that certain news outlets are alleging i had a sexual and or romantic affair with donald trump many years ago. I am stating with complete clarity that this is absolutely false. Its a strange part of the statement. Davidson used par
Were heading into this. So what was he trying to accomplish what. But then to stay of the leadership came team to bring on the factions of the caucus to have the reason of which weighed those with an odyssey through 2020 but then Bernie Sanders came up in the leadership. Sell some new titles for senator warren and senator warren from virginia. They were already in leadership with the vicechairman and then Tammy Baldwin to broaden the team. And senator herb Bernie Sanders remains a democrat what was looking for quick. So going into this meeting with the Aberdeen Sanders looking at the number three spot to think about it then that david be working on not reach that that is a natural fit to for him to tap into the younger voters. So ask about those changes and the two key committees senator feinstein is not the ranking democrat and the senator from vermont will move over for the Senate Appropriations committee but regard to senator feinstein there is hell least one Supreme Court nominee f
Gate bridge and not until after midnight they go widespread. We have clouds temperatures in the 60s across the board. Sue . Good morning. Checking out the friday drive time. If you headed from the city to the airport sfo not a bad drive. Highway 238 to the maze is a good drive through the oak area on 880 and 101 in san jose. Also, to the Airport Green is good. Speaking of san jose we will look at 280, 17 880 overcrossing, an eight meant drive to cupertino from the location. 101 headlights headed northbound, 880, you is an idea where we are traffic is as you would hope looking good. We have road work out there due to be picked up in san jose, and we go back to the interchange 20 southbound 17 and southbound 85 the ramp should open at any time. We will look at at the mass transit options. Stay tuned. A Large Police Presence near the campus of san jose state university. We got on the scene and what are you seeing, janet . We are told a shooting happened overnight here on william and 10th