But negotiations remain far apart and vander layen believes they are close both sides are severely hit by the pandemic. We should do Everything Possible to find and agreement that is possible so that we do not increase the negative impact on our economies. Lvmh shares move lower. Tiffanys arguments as unfounded for the case of ditching the 16. 6 billi 16. 6 billion take over deal a warm welcome. Lets kick off the show with a look at the markets. Rallying more than 2 breaking a twoday losing streak. Dax in particular was very strong leading gains rallying 3. 2 ftse 100 lagging a little bit. We are seeing a little retreat this morning the dax is down as well lets dive in to the sectors to see the best and worst u littlitiutilities are the onln the green. Lets look at the worst per forping sectors. Yesterday it was worth mentioning you had the banks leading down sharply to the down side banks down 1. 4 . Autos down 1. 3 some of those reopening stocks taking most of the hit this morning. U
Performance today. And nasdaq push a 2 gain. Nice moves today, in alphabet, ama ama amazon,baba ahead of those earnings you have a new month for stocks. Very big and important earnings this week in tech and elsewhere. Retail surge impact, volatility in the markets and what was gamestop is now silver we have our eye on that as well. And we do have this call now, ko courtny. This is likely to get worse and feel bad in the shortterm this is not a bubble or like 2000 for many reasons. Calls now that the correction is here is it . Well, good to see you again, scott. Everyone is entitled to an opinion and im sure hes done a ton of research that would say its here but i think there are a number of factors that one would say may not allow this correction to last longer than what was friday. So, you know, when you think about the amount of cash on the sidelines. Look at the savings and the amount of capital thats going to come into this marketplace with stimulus, you look at people can say eval
Its thursday, july 25th, 2019. Heres todays eye opener. Your world in 90 seconds. Robert mueller did a horrible job, but in all fairness to please Robert Mueller he had nothing to work wi with. The president claims victory after Robert Muellers testimony. His performance was not good. He was clipped, confused at times. He seemed lost at times. He seemed to struggle. He seemed detached and unsure of what was in the report. The governor of puerto rico says he is stepping down after more than a week of protests. This is not about taking one corrupt person out. This is about changing the island for good. Troubling elements on the korean peninsula. South korean Officials Say north korea fired two shortrange missiles. Jeffrey epstein was reportedly found in his jail cell with injuries to his neck. It is unclear if it was a suicide attempt. Fac recordbreaking 5 billion by the federal trade commission for violating user privacy. Were going to change the way we operate across the whole company.
Stoxx 600 after a selloff in Technology Stocks. Meeting, we understand that russia and opec will extend their production cuts. Eurodollar, im looking at that, also pound. Maybe finding an agreement. With some of her possible coalition partners. Later on, we talk italian banks and risk with claudio costamagna. Interview yousive dont want to miss as well. Minouche shafik joins us in her first tv appearance since leaving the boe. I, we will talk with the socgen chairman. Lets get to the bloomberg first word news. Nejra u. S. President donald trump has nominated Marvin Goodfriend to be a governor of the Federal Reserve. A professor at Carnegie Mellon university and a former director of research at the richmond said goodfriend has served on an independent panel of economists known as the shadow open market committee. Opec and russia are ready to extend their Oil Production cuts until the end of next year to ensure global stockpiles keep falling. Viennang to delegates in , all opec members a
Or by the other organizations but the olympics have really exploded in terms of their size and their lavishness and the skill of these that the International Olympic committee once built and now its local governments who are expected to foot the bill in fact theres the i. O. C. Requires any host government to guarantee any cost overruns associated with Facility Construction for hosting these games ok and how do countries with economic infrastructure concerns seem to win these bids for games over others that had in place the infrastructure like youre talking about in calgary it and even more eco stable Economic Security situations. Well you know its one hundred percent under the control of the International Olympic committee to determine where the games are going to be held so you know when the i. O. C. Decided to put the summer games in rio or when they decided to put the games in beijing the summer games in beijing or any of these places there theyre putting the i. O. C. Is in control