The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
Translator it was not easy that we needed so many different days shows we came from all Different Directions we are all convinced we can make something out of what we decided. Ubs shares right. Ceo sergio tells cnbc credit losses weighed in the Second Quarter. The possible outcomes are difficult to predict having said that, for the second half of the year, we are modelling recessions everybody is waiting novartis earnings suffer as hospitals front load stocks and lockdowns keep patients away from gps they are optimistic despite the outlook cut. In the force of the pandemic, 19 Income Growth in the first half is very Strong Performance showing the resiliency of the company. Big tech bounces back atting 290 billion in market value as amazon has its best day since 2018 helping the nasdaq outperform their averages once again. A very warm welcome. If you went to bed early last night, youve woken up to the news the eu have come to a deal. Weve got green across the board. The stoxx 600 tradin
Gaze portfolios were slammed but perhaps good news, bonds rose. Maybe the bond market may be suggesting worst of the selling may be over . Well find out meantime the banks despite the yields, battered, even as top ceos wrap their meeting with President Trump at white house, well get more on that in minutes. Perhaps the biggest shock is boeing shares down another 18 today. Boeing, really one of the bluest of the blue chips, now has lost half its value in just six months time. Well dive into why. Joining us to walk through all of this, karen, dan, tim and guy. Welcome everybody. Another big night, difficult night for a lot of people out there. Pension funds, state pension funds, companies guy the question to you and everybody on the panel and lot of viewers what may not be market pros, tuning into cnbc first time, do you sell now if you own stocks, ride it out . See any sign of a stock market bottom maybe the bond yields when let us down in s p, maybe rising a little bit will lead the s
Freezing hiring sending their shares lower peugeot gives a soft outlook. The tie up is on the right move. This is not a merger on the crisis mode. This is two Mature Companies they know the challenges ahead are very significant and will be in a better shape coming together as we mentioned, the dow has suffered the twoday point loss wiped 1. 7 trillion off the s p this follows the fact that u. S. Authorities warn a pandemic is likely they told americans to prepare for, quote, Community Spread of the infection. The transport sector had its worse day. Energy and tech more than 10 off recent highs tech off a record close one week ago across the major indices were much higher than average. We look at what is looking likely all three of those at the moment looking to trade down at that market open. As investors took money out, they were looking for safe havens which says u. S. Treasuries were in the yield hitting an alltime low. The 30year as well. Just know that investors did flee those in
And independents, 2027488002. You can tweet us your thoughts at cspanwj and post on our Facebook Page. That is at facebook. Com cspan. Joining us on the phone to explain this proposal from the Trump Administration is anna, she covers Homeland Security issues for the publication. A morning to you. Guest good morning, pedro. Host could this could you explain this proposal and how it changes from the current policy . 2015, a judge of the Central District of california ruled in a settlement that children in i. C. E. Custody and any person with that child could not be held in custody more than 20 days. This is under the Obama Administration and at the time, you have families going through dockets seeking asylum being held 45 days, sometimes 90 days. The issue at hand was you cannot just indefinitely detain a family. Now what we have is any family weather they present at a port and does not have documents or illegally crosses and says i have a credible fear of returning will be taken into cu