Stocks after starting out looking like it was going to be a rough week. Well see how friday finishes out but things are flat right now. Jack dorsey heading back to the helm of the company. Hell going to run things why they try to find a replacement for dick costolo stepping down on july 1st. Shares did pop on the news yesterday afternoon and you can see theyre up almost 5 in the premarket and as we said we will be talking more about that in a little bit. In addition alstom is defending General Electric deal to officials. The french Engineering Group is trying to sell its power business to ge. Reports of a statement of objection from the European Commission did not prejudge the outcome of the inquiry. Retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. In other corp. Gnat news we just talked about blackberry may put Google Android software on one of its devices for the first time. Reu
Stocks after starting out looking like it was going to be a rough week. Well see how friday finishes out but things are flat right now. Jack dorsey heading back to the helm of the company. Hell going to run things why they try to find a replacement for dick costolo stepping down on july 1st. Shares did pop on the news yesterday afternoon and you can see theyre up almost 5 in the premarket and as we said we will be talking more about that in a little bit. In addition alstom is defending General Electric deal to officials. The french Engineering Group is trying to sell its power business to ge. Reports of a statement of objection from the European Commission did not prejudge the outcome of the inquiry. Retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. In other corp. Gnat news we just talked about blackberry may put Google Android software on one of its devices for the first time. Reu
We could see big shift from central banks. Lets have a look at where european equities are trading right now, just under 30 minutes to the close of equity trading for the day. The month, and the quarter. A little bit of weakness coming across some indices. 5 , switzerland lower. Its a bit of a mixed picture. It pushed european equities to the highest level in almost 16 months. We are on track for a third quarterly gain, the longest run of quarterly gains since 2014 the stoxx 600, up some 5 in the latest threemonth period. The best march performance for the stoxx 600 since 2010. In the fx space, seeing sterling 125 against the dollar. The euro rebounding after a , 10699ay drop up. 210 at the moment. And then looking at the bond space, we are seeing not as Much Movement here as an fx and equities. Still interesting to watch, but frances 10 year yield is up to basis points, despite the latest poll that shows support for Marine Le Pen might be waning. Really the most among stoxx 600 Indust
Is meeting with the National Association of manufacturers. Hes expected to make some major announcements on trade today with two executive orders. Our ylan mui is in washington, d. C. With all the details. Reporter sara, executive orders are focused on rooting out trade abuses designed to put other countries on notice and commerce secretary wilbur ross fired a warning shot on cnbc earlier this morning. There are unintended consequences of doing nothing as well. So as to doing something, tough think about it this way, we are in a trade war. We have been for decades. The only difference is that our troops are finally coming to the rampart. The first order calls for a review of any country with which the u. S. Has a trade imbalance, the biggest one of course is china. Theyre looking for currency misalignment, over capacity in any industry and perhaps even lax enforcement of existing agreements on the part of the u. S. This review will be due in 90 days. The second executive order will bol
We have some really good news today. Its really fantastic, these numbers. Im delighted to welcome the National Association of manufacturers to the white house. Its a great group of people. I know many of them well. I want to thank your president and ceo jay timmons for being here with us today. Great job. My administration is working every day to make it easier for manufacturers to build higher and grow in america. We are removing job killing regulations and lifting the burdens on american industry like have never been lifted before. We have done a lot of work over the past 60, 70 days and i think you are seeing some real production. I think we can say this, like never before. Earlier this week, i signed an executive order to end the war on coal. We had coal miners up at the office. It was an amazing scene. Very tough, very strong powerful men who were crying, actually, and they were crying with happiness and produce more American Energy and more american jobs which is how i got electe