Euros. Oil prices climb amid mounting tensions between the u. S. And iran as washington ratchets up economic pressure with major new sanctions and President Trump tells nbc news he never threatened to demote fed chair Jerome Powell but claims he has the power to do so if he wants. I have the power to do so. Thats not a threat just a reminder that you can. I have the right to do that but i havent said that. What hes done is 50 billion a nont quantitative tightening, its ridiculous. Well, good morning and happy monday, everybody. To kick off the week were getting german data out. So lets break that down for you. The june efo survey german business moral has fallen in june the Business Climate index came in slightly higher than expectations at 97. 4 versus the forecast of 97. 2 however the execations index come in at 94. 2 versus forecast of 94. 5. Little lower on expectations current condition index risen to 100. 8 in june versus forecast of 100. 2. On forward looking indicators sentimen
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
Look at me like it used to. Well, hes growing up, too it hasnt been for a long time and now it needs to be restored again, he will try to hug his son at the first possible opportunity, but he reacts to it quite restrained, we hug well with him yes whats up with mom . Theyre going to a sanatorium and then theyll go to their native cherkasy, where hell go to a new school near which alina has already rented an apartment and admits that almost all dreams have come true except for one rebetata , maryana bukhan ivan golovach has returned home volodymyr parakhonskyi oleksandr tsarenko andriy kolisnyk tsn 1 1 marathon the only news of the touching story of the reunification we are completing let all those who believe and wait get closer to their goal these are the results of friday , august 18 from tsn but the 1 1 channel continues to broadcast the marathon stay with us and with faith in our common victory chevrons that bring victory closer you are a warrior courage honor power and courage are
The doctor on. Are you familiar with southern sizing . Yes. But the flat on you not to not even see most of the whats me set to going i thought it would not be. And theres an example we picked up as that, but ill give them a couple. Ok. Ok, see we honestly leave. That is the were going to, or 4th is uh youd be sitting on multi quotes around on the move to not to not on the phone book. If you have to go in a nuclear slide in that yes. Oh my, oh, it is odd. Yeah. So the, but if it allows us to sign on you the others, the students goodness. I would think as being simple, do that, i, you know, im going to supplement the lot. Boy, that makes up, i mean, the mazda, the last thing, have to go make all the way. What else to so discovery on, especially city authorities on school develop, excuse loan, yet will study another call me as long as you must for your email. All the ages of which as they are look only only most white glove, only move us and you have to go in mostly mounts but, but still
Cooler numbers marks the fed has reached the end of the hiking cycle. And siemens has a net quarter loss the ceo tells cnbc it will take years to work through the challenges keep in mind the charges are provisions for the future. We expect this over the next year to evolve and it will take us twotothree years to work through this of and berkshire jumps to 150 billion with Warren Buffett posting a 7 rise with chevron paying off for the oracle of omaha. Very warm welcome to street signs and special because it is the first time in over a month were back together. We calculated it. Five weeks we havent done the show together. I missed you. I missed the show. It feels good with that, i guess we should talk about aramco. A hard pivot. Lets get to it. The earnings do continue to roll in this time from aramco with 40 plunge in Second Quarter net profits with low oil prices with refining and chemical margins. Dan has been pouring through the numbers. Dan joins us now dan, it looks as aramco wea