That gives you much better sense of where it is the dow slipped and s p declined and nasdaq lost 7. 4 because of an escalation of tensions in the mideast against britain, the United States and iran and before that the market was doing well you need to understand were about to embark on the busiest week of the year for industrial earnings we will be flooded with new information. If you cant handle it if there is some sort of congregation in the gulf, this might be the perfect weak to take your Summer Vacation on monday we have two important quarters we hear from whirlpool, the appliance maker and hall l halln if the latest reports and revolutionary guards, Republican Guard seize. They seize British Royal tanker. The price of crude barely budged for heavens sake. Maybe halliburton confirms what schlumberger told us this market is not the least bit excited about oil. The banks have told us that the consumer is flushed. We heard that the other day at bank of america but how flushed . Wi wh
Us to say that we are generally on the parent to civilian led government thats premature at this point mr reeves we thank you very much for your time and your expertise on this that is eric graves live in northampton massachusetts thank you. There are plenty more ahead on the news hour including mothers march in hong kong support of Young Students against a controversial extradition. Zimbabwes underpowered a commie unreliable electricity supplies are putting businesses and workers under pressure and the president has some big plans for the womens world cup the whole has the details and. The uns Nuclear Watchdog will hold a special meeting next week on Irans Nuclear program the meeting was called by the u. S. Which pulled out of the 2050 nuclear deal last year and says it will begin the 2nd phase of its planned to reach the deal starting on sunday iran has set a 2 month deadline for the remaining signatories that is russia china russia and france and germany to provide Economic Relief f
A global bond rally after the central bank moved. Crude oil 5. 6 higher after President Trump tweeted that iran made a big mistake. 57 dollars a share. Oil companies and Gold Companies pushing stocks higher. Gold futures trading close on 13. 90. We have oracle being one of the bigger performers. Course, we are waiting for slack to start trading on the nyse. 33 to 36 looks like the spread right now. The dollar firmly on offer weakening against every single g10 currency. Trading is down quite sharply. Out itsaking alltime high. Fx ratecohead of strategists is joining us in london. Good afternoon. Is the dollar going down more sustainably . It depends on what dollar. Probably the dollar gets a little against emerging markets with hi carrie, but against the euro, if that is what you mean, it will be harder. The onlyhe fed is not factor. Other Central Banks are becoming more dovish. The ecb as well. The level of Global Growth is not a set up that allows the dollar to weaken aggressively. We
Needs to do it to get the deal done. Capital one Financial One of the financials performing poorest today after the first round of fed stress tests were pretty positive for most of the banks. Thetal one maybe one of negative ones in that it deals with a lot of credit cards. Guy absolutely. President trump once again taking to social media to have an attack on the fed. Tweeting earlier this morning, think of what could have been if the fed had gotten it right. 1000 points higher on the dow in gdp in the fours or fives. Now they stick like a stubborn child when we need rates cut and easing to make up for what other countries are doing against us. Part of this is clearly about 2020. Cioned by danske bank from copenhagen. Does the g20 determine whether we get 25 or 50 basis points in july from the fed in cuts . Guest not if you take the Federal Reserve at its word. Not that you have to come up at they are talking about the negative inflation undershooting that we have, and i think a lot of
Its about 2 30 a. M. You are up to date on the headlines. Now its time for a look back at the day in parliament. Hello and welcome to tuesday in parliament, where there are demands for more to be done to secure the rights of eu citizens in the uk if theres a no deal brexit. 0ne mp says hes struggling to control his anger. At the charlatans and Snake Oil Salesmen who will again tonight on television be claiming that no deal presents no difficulties. There are demands for an end to the bombing of hospitals and medical centres in syria. It is arguably a war crime and we must ensure, wherever we can, that there is no impunity for such grotesque actions. And mps express their frustration that so little progress has been made since a major report on bullying and harassment in westminster. Nothing has changed since we started the whole pestminster or even the broader metoo movement. But first conservative mps were gearing up for the next round of voting to select the new tory leader with the