Work very closely with recycling is spooking investors. Companies and governments at municipal and national levels. So, how radical is this idea . Juliet phillips is from the environmental investigation agency. You were listening there, as was i to the ceo of unilever. What do you make of the announcement . Well, it is very important that big brands are stepping up and taking unilever, the maker of well known responsibility for their role in the International Brands like persil, plastic pollution crisis. I think domestos and dove, says it for me, the question is, will they will halve its use of new plastics by 2025, and collect or reuse more be absolutely reducing the plastic plastic than they sell. Footprint or will they be focusing it currently produces 700,000 tonnes on shifting from you plastic into of plastic each year. The firm is reponsible for a lot Recycled Content or bio plastics, of the plastic in our homes. Around 2. 5 billion people use unilever products daily, both of whi
Comprehensive deal beats a partial deal is where the president was going. Down necessarily mean a partial deal is in the offing but at corner of wall and broad they think one is. As i told you many, many times, trade talks, whether they look promising or not indicate the direction of stocks. Better for trade, better for stocks. Worst for trade, worst for stocks. The ministers gather in washington this week to hammer out some sort of an accord or at least a preview of one. Lets not get ahead of our proverbial skis. There are issues weighing on the markets, sped up impeachment battle. The president is handing over his tax returns. There is a appeal in place to prevent that from happening by the one p. M. Deadline. Blake burman from the white house following all of this. On the trade front, if this is true it, would represent a big change in administration policy, right . Reporter as you said, lets not get ahead of our skis here. That is a good way to put it because remember when all of t
Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this great rotation talk to us about that. The rotation is coming out of growth into value. How long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. I dont think it will be that long do you really think were going to get a trade deal
Index, measures the strength of manufacturing slips to the lowest level since 2009, everybodys going to freak out theyre worried about a recession. Which is why the dow lost 304 points, s p 5001. 23 and the nasdaq dropped 1. 13 that was last week now this market was due for this beatdown but i also told you that i dont believe were headed into recession. Im standing by that position. But the recession thesis became more compelling today and you need to get your head around it if you want to understand this market so let me lay it all out for you. One place. The single biggest problem behind the recession thesis is the president s trade policy but maybe not the way you think. Trumps towers and chinese exports have done realdamage t the chinese economy. Second largest in the world. As china falters, it is taking the rest of the trading partners with it, especially europe, throwing worries about brexit along with a lack of fiscal stimulus from germany and you have a worldwide slowdown goi
Nikkei up. European equities right now as well a bit of a mixed picture ftse up slightly the tenyear note is trading at 2. 053. Now to the big story of the morning. Details on the hack capital one disclosing a massive data breach that affects 100 million u. S. Customers and 6 million in canada. The company says 140,000 social numbers and 80,000 Bank Accounts and 1 million Canadian Social insurance numbers were compromised. It says the largest category of data that was exposed was from credit card applications including names, addresses, phone numbers, dates of birth and self reported income the hacker also accessed customer status status such as payment history, Credit Scores and credit limits. The breach occurred in late march. The hacker accessed information through a vulnerability of the servers in an unnamed cloud company. The fbi arrested a suspect, Paige Thompson shes a former engineer at Amazon Web Services. Authorities allege thompson posted some data on gethub and a private ch