He had Health Issues in the past that he has managed well during his tenure as Prime Minister. He resigned abruptly the last time he was Prime Minister in 2007 because of his health condition. David he is the longestserving Prime Minister, but he was quite influential. One of the things bloomberg is concerned about is abenomics. He came in with three arrows. Was that a success . Sheila i think it is a mixed bag. I will leave it to the economist to delve into the details. There two details are two pieces of what he did manage to accomplish. One is structural reforms. He and his government were impressive in agricultural reform, one of the structural impediments to participate in the ttp, the regional trade pact. He tried to increase womens participation in the economy. Some people would have liked to see more women, but he managed to make some strides there. Progress in slight the labor market reforms he tackled, but he did not accomplish what the japanese wanted, which is to see their
Of ubs investment banking. Kaiser of ubs investment bank. Anything stood out to you so far . This is pretty much as expected. The key is to emphasize there is uncertainty, even though we have the emphatic conservative victory in the election, and we know that brexit is going to happen. Theres still uncertainty about what kind of brexit, and short for the bank of england, we dont know what the fiscal policies of this government will be. There is a little bit of stimulus built into their servitors manifesto which was not taken into account in the current bank of england forecast , but they have room to do a great deal more. If you have a budget in the next months from the conservatives which primes the me, has a lot of stem it economy, that has changes the outlook. Those seven who voted against change probably had that in mind. Alix are you trading cable at all . Stuart todays decision is pretty much in line with expectations. I think the view is the first half of the year you get the or
Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Financial Results as fixed expenses would be split among fewer planes the ability to effectively amoretize all of those costs and would also be a real pushback on the company and on the companys ceo. To me, if there really is a production halt, then theres going to be a succession story that i think we havent had yet. The Ripple Effects of what that means not only for boeing but all their suppliers along the way. Thats a much the reason you halt it, i mean, youre just blowing money if you keep making
Swing up to 50 points. This is going to be a bit of a wild roller coaster this morning. We are anticipating more comments coming from the president as he continues to have these meetings at the g7. This can be very far, wide ranging and a lot of things can get comment on youll see the futures potentially move around on all of this. The nasdaq is up by 82 points. S p up by 20 coming after a big down day on the markets on friday when the dow was down by 623 points that pushed the major average down for four weeks in a row and you are looking at august being a month where well see declines very likely. The only other month we have seen declines is the month of may. Ten year looks like 1. 49 . The two year 1. 45 obviously these markets keying off everything thats happening out of the g7, too lets get right to aimen javers in france at what has been a wild and memorable meeting aimen, good luck wrapping this all up for us. Reporter yeah, absolutely, becky. Let me start with the comments the
Welcome to power lunch. Im courtney reagan. Lets get a check on the markets this hour. A cautious day on the street stocks trading in a narrow range. The dow managed to hit an intraday high earlier, but now were in the red across the board for the three major averages with the dow down about 21 points, the nasdaq composite leading way lower by half a percent. Oil also tanking this hour secretary of state pompeo says iran is ready to negotiate about its Missile Program. The final trade details are straight ahead brian. Big oil story im sure well get more. Thank you very much. We have a lot to do. Lets kick off this hour from news from washington where else where once again, President Trump sparking new uncertainty about any kind of a trade deal with china that happening in just the last hour Kayla Tausche is following it. As the president s top trade officials prepare to continue negotiations over the phone and possibly in person later this month, President Trump was ambiguous when spea