Iamat i am at the World Economic form of forum in dulles and my guest is one of the worlds most senior politicians, German Defence minister ursula von der leyen. And she is deputy chair of Angela Merkels ruling cdu party. Does the arrival of donald trump plus breaks it spell the start of A New World Order and mark a shift in power away from the west . Minister ursula von der leyen, welcome to hardtalk. Thank you. The present the president of germany has said, with the inauguration of a new us president , we face challenges to the International Order and to transatlantic relations. Germany and europe can no longer live as usual on the trans atlantic partnership, can they . I am deeply convinced that they can rely on the Transatlantic Partnership because there is a strong foundation, the Transatlantic Partnership, almost 70 years, there isa partnership, almost 70 years, there is a huge amount of common experience, of trust and confidence in each other and we have this Transatlantic Partn
Iamat i am at the World Economic form of forum in dulles and my guest is one of the worlds most senior politicians, German Defence minister ursula von der leyen. And she is deputy chair of Angela Merkels ruling cdu party. Does the arrival of donald trump plus breaks it spell the start of A New World Order and mark a shift in power away from the west . Minister ursula von der leyen, welcome to hardtalk. Thank you. The present the president of germany has said, with the inauguration of a new us president , we face challenges to the International Order and to transatlantic relations. Germany and europe can no longer live as usual on the trans atlantic partnership, can they . I am deeply convinced that they can rely on the Transatlantic Partnership because there is a strong foundation, the Transatlantic Partnership, almost 70 years, there isa partnership, almost 70 years, there is a huge amount of common experience, of trust and confidence in each other and we have this Transatlantic Partn
The rate story that has wall street talking this hour. Pete, slower loan growth across the board for the banks. As the tenyear continues to come down, the banks were almost all negative. Youve had a little reversal but the market cant do anything. And everybody is looking at the 10year and obviously for a last while weve had this thing correlated. I think the impressive part is theres actually still even growth. Because of the fact weve seen some of these numbers moving where they were, yesterday i said on the show i wouldnt even be i think theyre going to have something to balance it out. Well, they did. The Trading Volumes and what they have done with trading is absolutely spectacular. You took and its really, really impressive. At citi its up 19 . Jpmorgan is up 17 year over year. So there is that balancing act but loan growth is what everybody was focused on. And yet the banks today are flat as a group. I think the biggest story in the market is rates. As the 10year goes down to 2.
Euro area Economic Confidence rose for the second straight months in may, beating estimates. The highest level in four months. Boosted bywas strengthening Consumer Sentiment and improvements in the retail and construction sector. Greeces gdp contracted by 4. 5 since the prettiest quarter. Economic data for the country shows that quarterly exports fell since the previous quarter. Economic data showed markets are closed in the u. S. And the u. K. Today for the and spring bank respectively. The dax is still higher, up. 3 . The cac 40 is pretty much unchanged. There are some stocks were watching driven by m a news. Bayer is gaining after the sunday times reported they may put forward a new improved offer for monsanto as early as this week. Stocks one of the best reporting. Lets switch of the board and see what is happening in fx markets. It is a delicate a day of Dollar Strength, poise for the biggest monthly jump since september 12 14 on Janet Yellens comments. At the bond look markets be
Puzzling day for the markets stop staging their intraday reversal since march and the move came as reversed sharply off lows, this following tragic death of uk lawmakers some interpreted to mean decrease odds of brexit. Is brexit now off the table . How do the markets respond . Bk, you made the observation first. Its terrible that market is actually reacting to this type of thing and action. That did move the market, the pound move and the rest of the markets. I take this as saying its not necessarily off the table at all. But given the way the markets were trading, you had so many down days in a row, a lot of people shortterm shorts in it. It was probably a good place for people to cover and that accelerated itself. I would not necessarily buy into the rumor brexit is off the table. I think its still out there but there are other issues we have out there and thats the slowing of the Global Economy. If you believe its an option, on the table, you had market reaction, this could be a tr