With a clear message with treasury secretary Steve Mnuchin and wilbur ross telling delegates that trade war is a thought every single day but confirming that nafta talks are reopening. The president of colombia, Juan Manuel Santos joins other political leaders in warning the u. S. Against protectionism it will hurt everybody, especially the u. S shares for suez plummet as the french utility firm slashes its earnings forecast. We speak to the ceo in davos later today. Weve got a packed show for you, live from davos today well be joined by james young in a bit talking about tourism over in china. Hes a cofounder and chairman of the largest travel platform over in china. Well be joined by the ceo of jll, talking about property markets lobally. The ceo of Mueller Maersk will join us later on as well as president of the European Investment bank. Well wrap up with the ceo of russof tomorrow youll be joined live tomorrow when you have this panel. We have the panel lined up. We have the uk cha
Starts in the sale of its brazilian unit. Meanwhile, the german bank profits double. Heineken shares maintains guidance in strength in most of its markets upsets weak demand in africa. It tells cnbc is can weather the challenges. If you look at the next coming 25 years, the first big positive for our industry was some hiccups, but they will remain positive for the long time. Good morning, everyone. Lets get straight to some Macro Economic data in the form of eurozone july manufacturing pmi. That came in 52. 4. Versus a forecast of 52. Slightly better than expected. The june was 52. 5. What were seeing in july a tine will slowdown. Lets just go through the different economying. Spains Manufacturing Sector saw a surprise slowdown in the month of july 53. 6 below expectations but still expanding but we saw the fastest rise in employment since the start of 2007. Lets also talk about france. It was below the boom bust line of 50. July, 49. 6. But the german number was slightly better than e
, at bloombergs European Headquarters in london. Manus ahead, we have two big interviews. In 10 minutes we speak to the ceo of italy secondlargest bank. Paolo. N francine then we are joined by continentale chief executive offers. Manus first, commodities are trading at their lowest in 13 years with oil, metals and crops being effective. Francine supply gluts and the slowdown in china and prospects of the yard the rise in u. S. Interest rates extending the rout. Us is the bloomberg managing editor for commodities. Been oversold are we are expecting bad news . That depends a lot on what happens in china, about how the story develops. We see data that shows a slowdown in the real economy. If you start to feel that, the bearish mood can continue. Links one of the biggest is between china and the producers. We have had everybody through the door. If we look at what the miners are doing and the china story, how does that balance . Will even at these prices, miners will still be making money.
The government trying to prevent a collapse of the countrys markets which lost nearly 30 since june. The news helping to spark a rally today. A gain of more than 3 in shanghai and shenzhen we have seen the imagine higher by nearly 5 . Keep in mind you go down 30 you have to go up a lot more than that in order to recover. Heres the greek stock exchange. Market there open for a second straight day after its five week closure. Down by only 1 today after the big pummeling it took yesterday after reopening and the u. S. Futures at this hour suggest that were going to have slightly negative open. The dow lower by 15 points and s p by 2 and nasdaq by 4. He is dismissing claims that oversupply is driving down prices and he believes the end of the broader commoditys route is in sight. Lets Check Oil Prices right now. You can see above 45, not by that much. Up by one and three quarters per cent. Its a nice gain after the sell off in recent days. Brent had gone below 50. That was the big headline
Minor at the time of the crime and was tortured. The french president , francois hollande, has welcomed Barack Obamas newly announced Climate Change plan for the u. S. , saying it is a major contribution to the success of this decembers planned world Climate Change conference, which will be held in paris. Obama challenged america and the rest of the world, to step up efforts to fight Global Warming as he formally unveiled his administrations controversial plan to cut Carbon Emissions from u. S. Power plants. Lets get this report from our correspondent. President obama the single most important step america has ever taken it in the fight against global Climate Change. President obama revealed to strategy from the white house monday. The 32 reduction a 30 a 32 reduction in emissions from power plants. President obama there is such a thing as being too late when it comes to Climate Change. Critics have hit back calling it unfeasible for a country that relies on coal power for 37 of its el