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Transcripts For CNBC Squawk On The Street 20240713

Before rebounding to finish up almost 5 , recouping half of the losses from mondays 2,000 point selloff. Jim, remember when we couldnt get a 1 move la last 12 sessions, s p moved 3. 5. The market feels broken to me not a lot of liquidity many things happening at night youll see the Interest Rates go down at night. Then suddenly the s p is having a nightly session. We have to play by that tune i get it theres i want to say theres not panic. People want to get out if there were people, you would see endless downing endless down you could say buyers will come in i was listening to jim paulson before, he sees a lot that he would like i dont. You dont no. I like utilities i like the drug companies, i like the highest growth tech, teledoc. The rest sell to you people are buying Royal Caribbean right here as if its like a buying opportunity. A lot of people using the term buying opportunity, b. O. , for things no. No, to b. O. As you might expect, people are focusing on the credit markets and

Transcripts For DW Business 20240713

Financial institution we take a closer look at christine lagarde. I want to get jones on this is business live from berlin welcome the u. S. House of representatives has passed a bill imposing sanctions on the russian led gas pipeline north stream to the new sanctions talk of the ships needed to lay the massive pipes the project depends on only a few companies in the world to possess the technology to lay deep sea pipelines and they could soon find themselves cut off from doing business in the United States if completed north stream 2 could double the amount of russian gas imported by germany and to all that you member us something us or make us worry could give moscow greater political leverage over the european union. But for more on this topic im joined now by our Financial Market correspondent chelsea delayed in france and chelsea could this sunshines stop the project. It seems like its a little bit too late for that the us has been discussing these sanctions for several months the

Transcripts For DW Business 20190828

A to have you with us it is the latest italian drama that has investors on the edge of their seat can italy form a government or will there be new elections possibly opening the door to the euro skeptic league and north party a victory for its leader. Could also have huge implications for the entire eurozone italy has the 3rd largest g. D. P. In the euro zone right off to france and germany but its debt to g. D. P. Ratio of 132 percent is much higher than that of other major eurozone economies so what happens when the markets lose confidence in italys ability to rein in its massive debt no banks across the e. U. Own loads of italian debt with 286000000000 euros in frogs alone means these banks are exposed should italy default on its debt and just the possibility of such as an aria. It is enough to put those under pressure forcing them to set aside money and putting scrutiny on their bottom lines now then for more on that issue i am now joined by hold this meeting hes chief economist at

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