Democrats promise theyre going to be talking about guns when they come back. All right. John, thank you very much. John harwood reporting from washington. Okay, folks. The day is here. We have about four hours left. Lets listen. Jonathan roth. Youll be back. Soon youll see. Oceans rise, empires fall. 3 59. Were going to hear something. Voters deciding whether or not to remain part of the European Union. The decision coming down to the wire. The outcome could have a huge impact on your money. Welcome, everybody, to a hami hamiltonian edition of power lunch. Michelle is off in london and well get to her in a bit. First to the markets, a huge rally on wall street. Traders watch that brexit vote. Bob pisani is on the floor. The market is acting like it knows for sure that the uk is going to vote to remain in the European Union and that makes me nervous. Its raining cats and dogs over. There the outlook is still very uncertain. The market knows whats going to happen. Look what happened to t
Indication of where german investors are. We also have that inflation figure in the u. K. That has more to do with the pound slumped than any kind of real inflation. Tom absolutely. Then you focus back on japanese yen trying to get to the 99 level. S, isntantiabenomic it . Francine i would argue that it is that a lot of dollar weakness. Taylor british Prime Minister theresa may sent president fusion paying xi jinping a letter. China has told the u. K. To reach a decision as soon as possible. Repelledt troops have a government offensive near the city of aleppo. Minister saysse talks are closer to defuse fighting. Yemen killedthern 15 people. The Saudi Coalition has been striking civilian areas. The attorney general of pennsylvania has been convicted in a perjury and obstruction case. She was accused of leaking grand jury secrets to embarrass a rival prosecutor. The pennsylvania governor has urged her to resign. At the summer olympics, high drama on the track. A desperate bid to win the
Kayla is out today put with us is john fort and sarah on post 9. The markets arent moving a whole lot. An interesting skirmish in the telecon wars. A new unlimited data plan as well as the on going rivalry with sprint. Take a listen. 75 of my customer adds focus on those two and just copy paste everything i do and it will be fine. The sprint ceo joins us on the phone to respond. Its great to have you back. Good morning. Good morning, how are you. And they came out with their plan and have ledger on. Are you in fact trying to ride johns coat tails. No, never. What happened is something pretty simple. We started a week ago. We were going to start tomorrow. So what john did is basically copied our rate plans and called for an Emergency Press release. Were launching tomorrow and he is launching tomorrow at all of our stores so we would be ready for this for awhile. So obviously somebody that says hes not ready to launch the september is lying. We have the capacity to offer unlimited 4glte
Futures coming back slightly, but now goldmans out with a new very pessimistic note on the market. Hp is buying samsungs printer business for 1 billion. Were going to talk to hp inc. s ceo about that deal in a cnbc exclusive squawk box, donald trump saying were in a false market. And janet yellen is keeping rates low because president obama wants her to. Well have much more from that interview coming up as well. First up though, futures are recovering a bit after this mornings losses following the friday selloff sparked by those rate hike fears. This morning atlanta fed president Dennis Lockhard saying theres been enough economic improvement, he says, for a, quote, serious discussion about a hike at next weeks fed meeting. Nearterm theres enough economic momentum to basically say the fed has met its goals, in the medium term, mike. Yeah, seemed pretty noncommittal. Obviously they were going to be having serious discussions at the meeting in september anyway. I think the market, the bon
Clear focus on financials. Deutsche, the euro, spreads after the worst day for stocks in two weeks, europe lower on pressure from the banks, euro under the same fate. Oil taking a backseat for now largely unchanged. Road map will begin with what else, deutsche and capital concerns rattling markets around the world. The ceo attempting to calm the waters, will that work today . Its not just overseas, of course here in the u. S. Wells fargo is back under fire yesterday after ceo john stumpf faced angry lawmakers in the house of representatives. And the last day of the quarter, tech leading the rally. What does q4 portend . But first up, deutsche shares slumping to alltime lows in frankfurt trading taking the european Banking Sector with it, thats on concerns about deutsches Capital Position and reports that hedge funds are reducing their exposure to the bank. The Ceo John Cryan defending his company in a letter to employees saying due to ongoing rumors, talks about their liquidity reserve