Unprecedented disruption the swiss luxury giant flags a strong recovery in china heineken trades lower as the beer maker plunges prompting the group to intensify cost cuts. In frankfurt, the ecb faces a crucial test will look to prove that it has more fire power needed we bring you more coverage to this runup to decision time. The chinese stock markets plunged into the close despite encouraging growth data. Shanghai composite 4. 5 lower. Marking the worst daily performance in each index since february the china gdp grew rebounding from the First Quarter recession as they use the lockdown and First Quarter stimulus more on the chinese data. A bounce back from growth from q 2 after strict lockdowns and travel restrictions and some of that stimulus kicked in if you look at that key data for the month of june, industrial output lead to the recovery and third output growth of 4. 8 suggesting demand is improving fixed asset improvement fell 4. 81 . Also better than expectations and retail sa
Covid19 pandemic and Vanderbilt Universitys william shatner, professor of Infectious Diseases in Public Health policy. Join the conversation tonight at 8 00 pm eastern on cspan. I am tony clark, you are here, a special night for us, the book itself is perfect, and what we have a carter president ial library, talks about congress and the president and how they Work Together even when they dont necessarily agree on things. What president carter after congressman brooks and one of the things the president said is he was a new president , one congressman who disagreed with me, im the president of the united states, that is no big deal and found out that one congressman was jack brooks. President s Work Together and it is time that we hear that message about how they Work Together. We are especially pleased tonight to have congressman jack brookss son jeb, he has worked in the financial industry and all 5 companies for more than three decades. He started his career, on the International Sec
President said at the time was he had as a new president thought if i just have one congressman disagrees with me , im the president of the united states. Thats no big deal. Then he found out that one congressman was jack brooks and that was a big deal. But it talks about how president and Congress Work together and i think at this time, it is very important that we hear that message about how they Work Together and were especially pleased to not to have harassment jack brooks son jeff here with us. Jeffhas worked in the financial industry. And all all size companies for more than three decades. He started his career at citibank in taiwan, rose to Vice President of citigroups International Securities in london. Currently the managing partner of pinewood trading fund and is the chairman of the Jack Brooks Foundation which provided the wonderful reception for us tonight so please join me in welcoming and thanking jeff brooks. [applause] thank you so much tony for that kind introduction.
Investors, be good for both companies. A little off their highs now. At one point, td was up 24 . Interesting to note, e trade is down on this deal. Guy lets take a look at the stoxx 600 in europe, down by 0. 4 today. The pound is rising. We have the labour party issuing its manifesto earlier on, bashing billionaires. Seems to be fashionable on both sides of the atlantic. See,n tenyear, as you can we are seeing a little bit of movement in yields today. The big movement actually came yesterday. People are watching what is happening with this trade story, trying to figure out exactly how the whole story fits with the trade story. We are going to talk about that in more detail. Vonnie the u. S. China trade war weighing heavily on the minds of world and Business Leaders at the bluebird new Economy Forum in beijing the Bloomberg New Economy Forum in beijing. Have a listen. We are at the foothills of a cold war. Common,ould pursue comprehensive, cooperative and sustainable security, and reje
Joseph. Were happy to have you here. Always. People have things. Its summer. If they asked me next week, i would say no, im on vacation. Even to spend time with you, i would turn that down. You know what, i take everything you say seriously, because it just makes me, right, i believe you. Yeah. Theres no reason to not believe me. Its not necessarily sarcasm. Not necessarily. Lets take a check on u. S. Equity futures. Joe mentioned towards the end of the session, we came off in the middle with the higher beyond yields, take a look at how were set to open. Look looking to lose 8 at the open, the dow looking to lose 49. After a day of declines. The dow fell 291 points on track for the worst week since march. The dow, s p and nasdaq are down more than 2 of the week. For the dow, its the first time it closed below its 50day moving average since june. Check out the pullback in technology. We have been talking about this for some time. The declines are stark. Apple, meta, microsoft, each more