Will ask what hes going to do about that. Thatwe look forward to conversation, in europe stocks are up by 3 10 of 1 , volume is good, trade related stocks are doing well. Car stocks are trading higher, the pound is trading lower, mark carney pointing into the direction of a rate cut. Two members voting for a rate cut and the pound reacting to that. We will talk about it later on in the hour. And a massive move in the bond market, six basis points to seven basis points just a moment ago. Bonds are selling in europe, its all to do with trade. Thats the driving narrative again. Get to thats conversation, the developments oureen the u. S. And china, guest joins us from san francisco. Is anything giving you optimism about where we stand regarding the u. S. China trade war . Its a process. The reason its a process because its in President Trumps interest afford to be a process, we have had headwinds earlier this year. Of ratchetingsed up tensions. And then the economy slowed down, not just l
Hello, yes indeed. Also. You will be talking about how people are reacting here in stoke on trent to the tumultuous events of the last few days concerning brexit and the vitriol that has been expressed by both sides. I shall talk to you shortly. Also this afternoon President Trumps top intelligence official faces congress over a whistleblower complaint that sparked an impeachment inquiry. Coming up on afternoon live, all the sport with holly hamilton. 242 with 2a2 with england at the world cup and a conference victory over the United States put them top of the group. All reaction to 30 pm. At 2 30pm. Thanks, holly. Stav danaos has all the weather. Into the weekend, we could be looking at a potent area of low pressure, heavy rain on saturday night into sunday with also some strong winds as well, all the details a bit later on. Thanks, stav. Also coming up the duke and duchess of cambridge are to name the uks new Polar Research ship. No, not Boaty Mcboatface, but the sir david attenborou
Welcome to daybreak europe. Political risk is pushing its way to the front in the u. S. , donald trump is to face a formal impeachment inquiry. Says he has violated his oath of office. Trump calls it witch hunt. After yesterdays defeat, Boris Johnson has restated his vow to complete brexit, defined calls to resign. He says he disagrees with the Supreme Court and will comply with its ruling. Lets get the latest with jody. Chneider who is live great to have you on the show. What are the chances the impeachment inquiry will lead to charges against the president . It is unclear whether there will be charges. What nancy pelosi has done is ask six committees to look into investigate the president and his actions to see if he has violated the oath of office and report back. There will be an umbrella inquiry and there could be charges. This is a significant escalation with the democrats before the house had been reluctant to move forward on impeachment. Even if they were to bring charges, it i
Yesterday. Today. Lls not deterred keep an eye on the bank stocks. We saw them significantly higher yesterday, getting a little bit about bid today despite a lot of the expectations for additional fed rate cuts. Definitely a big factor in what we are seeing in the markets on the u. S. Side. Guy thank you. Front and center in europe today, stoxx 600 up. The banks execs is up. Theres a whole lot of factors. We have seen the ecb and the market with another trove being kicked out. Extra liquidity going into the Banking Sector of the ecb. The takeup was not as big as anticipated. Yet the general rate policy story that is a factor as well. All of that contributing to a big bout of european banks, peripherally particularly peripheral banks. The other story is Credit Suisse will be charging rick clients to have a bank account, rich client staff a bank account, basically. More stories coming out of the gulf. Romaine were going to begin with our big story, the Federal Reserve divided. Policymake
Ten weeks. But with todays move to the upside in a sector largely exposed to china and ahead of another round of expected tariffs in just a few days, where should investors be looking for protection joining us now to discuss, Oak Mark Fund Portfolio Manager bill nygren and nsz capital cofounder, bill slingerlen brad, you have some thoughts specifically around where is a good place to put money at this point. Specifically as it relates to regulation coming down the pike and semiconductors give us a sense, start with semis. Sure. So you know, we think theres no more interesting spot in the tech sector today than in the semiconductor segment, particularly for longterm focused investors. We know theres a lot of noise and a lot of volatility around the trade war and the trade talks that are going on now. We think ultimately, were entering sort of an ai cold war phase between the west and china. But that china and the chinese economy cant exist without cement conductors and frankly, the enti