Energy contract has not been destruck ted by the boycott. Theres no interruption at all. We have flow of gas and oil going all the way to our client, no interruption. And in another cnbc exclues if, ermotti says investors are looking for sustained period of calm before they take out money from cash reserves geopolitical front is, you know, quite a warning in respect to whats going on almost every day, so investors are really fundamentally touched by all those, and need to see prolonged and stable pattern Going Forward. There are a lot of green tiles today on this screen european markets off to a positive start this week stock europe 600 is tracking up over a third of 1 today seen some gains from friday when we had solid job numbers lets look at whats happening in individual european indexes it is around a third percent the italian ftse up by a half so far today lets look at what sectors drive the gains this morning we see real estate is in the lead almost up by just over sixtenths perc
Im wilfred frost. Thanks for joining us. Lets have a look at stocks right now. They are selling off hard. Asia closing in the red, which has seen europe follow suit and down in early trade as well. Lets show you the morning action, as we speak. First up, u. S. Futures. First day of the trading day for the Second Quarter. Starting off in the red. Were not looking at sharp declines compared to some of the action were seei ining oversea. Dow futures down 19. S p futures down four. Nasdaq futures down 11. Overnight in asia, selling in china even with some positive manufacturing data in china. Though, the shanghai comp managed to close flat. Also reaction to Standard Poors cutting the Credit Rating one notch. Japans nikkei closing down 3. 5 . The survey measure there disappointing. In china, that better read on manufacturing. Couldnt manage to lift shares more than 0. 17 . The hang seng in hong kong down 1. 3 . I think asian markets generally responding more to that downgrade in china than
Andrew marshall, a pentagon legend who served from president s nixon to obama. He just retired this past january at the ripe age of 93 years old. For his pioneering work foreman undersecretary of defense douglas [inaudible] called him the hidden hand behind American Foreign policy. Whats significant is that president nixon first tapped marshall to evaluate our military capabilities against that of our adversaries, at the time namely the soviet union. The concept is called net assessment. His former aides Andrew Krepinevich and barry watts are here to discuss the achievement. S of their mentor tonight and sign copies of their biography about him called the last warrior Andrew Marshall and the shaping of modern defense strategy. Mr. Krepinevich is president of the center for strategic and budgetary assessments and is the author of several books on military history and strategy including the very influential the army and vietnam. Hes a west point graduate and a retired army officer. And h
I think i should be the last question from me and it is time to get questions from the audience. Thank you very much gentlemen. [applause] the last warrior will be on sale outside and both men will be available to sign copies but we will open up for questions. I have a question. Can you comment on one of Andrew Marshalls first positions, our first tasks within the white house in evaluating cia Intelligence Reports for president nixon . President nixon and Henry Kissinger were very unhappy with the kind of foreign intelligence that was coming into the white house when they became when they started working in the white house your Andrew Marshall had a long history of dealing with intelligence agencies and intelligence both for the air force and later with the cia trying to improve the quality of the analysis of it. But it was natural for kissinger to bring him into look at the quality of the intelligence coming into the white house. As i said earlier that eventually led to a reorganizati
And south africa is becoming a new destination for Renewable Energy producers. Leaders there hope the green industry can fuel the economy. G7 leaders have issued a joint statement wrapping up the first day of a summit in brussels. Heads of the worlds leading industrialized nations are covering a lot of ground. Theyre discussing disputes around the world. Its the first summit meeting since russia annexed crimea in march. The leaders renewed their commitment to stand by ukraine, and they said theyre ready to intensify sanctions against russia if necessary. Translator g7 leaders have agreed to support the new ukrainian president and to try to reach a diplomatic resolution to the situation through continued dialogue with russia. The leaders expressed deep concern over tensions in the east and South China Seas. Chinese and vietnamese crews have been facing off over an Oil Drilling Rig in the South China Sea. The chinese rig is in an area which both countries claim. The leaders said they opp