The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
And paris bans the most polluting vehicles from its streets as europe sweltering in a record breaking heat wave driven by winds from the so hot. Im for golf its good to have you with us and democrats in the u. S. House of representatives have approved a multibillion dollar emergency funding package for humanitarian aid for migrants on the border with mexico now its unclear whether the bill will pass the Republican Controlled Senate and u. S. President trump has threatened to veto it now this comes amid reports of squalid conditions in u. S. Detention centers housing children and then there is that disturbing photo the bodies of a toddler and her father who drowned trying to reach america that picture is triggering disbelief in outrage around the world we have to warn you you may find parts of our following report disturbing. It has come to this a father with his tiny toddler tucked inside. Drowned in search of a better life according to reports Oscar Alberto martinez decided to swim ac
Of trading sessions for the bloomberg dollar index. Right now we are off that a little bit. You can buy 145 yen for the u. S. Dollar right now. That is the sign of its strength. Take a look. Crude has climbed steadily. John, what are you watching . You are right that oil weakness is leading to the weakness in energy stocks. Willingness to move back into tech can be seen in names like nvidia. They are at the top in terms of percentage gains. You are seeing that trend with canadian steel stocks rising. That is no thanks to the cleveland we will hear more later this halfhour on this sector insight excitement. We continued to watch the situation now. There is weakness as we try to put the pieces together on whether powerlines are connected to that story. Amc itself down substantially. It does weigh on the traditional amc stock. We will Pay Attention to those stories. Betting that Interest Rates will remain higher than inflation for a little longer. Liz mccormick joins us in studio. Thank y
White house correspondent Jacqui Heinrich is at camp david tonight. Good evening, jacqui. Good evening, bret. The leaders convened to show, give a show of force, rather, against threats from north korea and also from china. They announced a new Joint Commitment to consult with each other in times of crisis, increase their military exercises, jointly in the region. Step up intelligence sharing, and also a new plan to convene annually at a new summit. The leaders did Call Out North Korea by name. But they were careful not to oreillyrile china. Make clear this is not the beginning of a new formal alliance. The president s domestic problems loomed in the background, too. Get some lunch . President biden dodged the press for a full week after david weiss, the u. S. Attorney investigating his son, was elevated to special counsel. And today he ended up taking his first question about it shoulder to shoulder with two major u. S. Allies. I have no comment on any investigations going on thats up
Results of what amounts to a side show. A legal circus, a spectacle and a deliberate diversion but here we are. But first we should make clear that todays ruling from john mcafee was actually a victory for the rule of law and for fani willis herself. In matter of the d. A. s relationship where naman wade, the judges ultimatum amounted to this. Leave wade behind or halt prosecution of this case. It turns out to be a easy choice for d. A. Willis to make. Remember what she said when she announced the indictment. The states roll in this process is essential to the functioning of our democracy. Georgia, like every state, has laws that allow those that believe that results of an election are wrong, whether, because of intentional wrongdoing, or unintentional error, to challenge those results in our state courts. The indictment alleges that rather than abide by georgias Legal Process for election challenges, the defendants engaged in a Criminal Racketeering Enterprise to over turn georgias pr