It is the big heavy weights adding weight to the downside. We are seeing apple down, alphabet down. 1. 44 ,xx 600 down by less heavy on tech. Yesterday higher. The cable rate also under pressure. Pressure on Boris Johnson right now as he prepares walk away potentially from an international treaty. The other thing worth bearing in mind is the financials are under pressure. We put the german 30 year in there. The curve flattening quite significantly today, and that is having an impact into those financials. Alix yes indeed. Also, watch aerospace. Boeing is apparently slowing streamliner deliveries to inspect a new factory flaw. That stock off by about 5 . If investors are positive on europe, it tends to lead with the European Recovery Fund and germany lifting the debt break. Germany has said it needs to take on significant in 2021, according to finance minister olaf scholz. He sat down with Francine Lacqua for an exclusive conversation. Olaf we will find a solution, and anyone knows that
We are also getting some breaking news out of china for end of july Foreign Exchange at 3. 1 coming in trillion. It is a touch above that. The markets also focusing on the stimulus in the u. S. That may or may not be coming. President Donald Trumps latest attack on Chinese Companies also stoked tensions with beijing, which is why we are seeing treasuries and dollar actually rising. The president signing an executive order prohibiting u. S. Residents from doing any business with wechat, tiktok, or the owners of these chinese apps. Now, lets get straight to the bloomberg first word news. There has been no headway in talks between the white house and democrats over a new virus relief package. There are still major sticking points and both sides are accusing the other of refusing to compromise. One key difference is the top line number. The democrats want 3. 5 trillion of aid. The republicans want 1 trillion. Another round of monetary stimulus is expected from the bank of england. Policyma
In lebanon not over the governments negligence that allow tons of volatile explosives to be stockpiled in the Capital International donors pledge aid for rebuilding but demand high level swarms from with it plus Health Officials in germany continue to sound the alarm over spike in corn a virus infections there are now fears returning holidaymakers could bring the virus back with them just as schools are reopening and the u. S. Steps up efforts to digitally deep couple from china to new executive order targets social media sensation ticktock and chinas payment and messaging service we chat. Thank you so much for your Company Everyone and we start in delaware so that country is getting ready to hold its. Most hotly contested president ial election in years and there are clear signs that the government is looking to hush up the Media Rights Group say several reporters have been arrested including freelance journalist alexander berkoff who were ports for d. W. I. News hes been sentenced to
75 years on from devastation the people of hiroshima mark the use of the First Nuclear bomb with silent prayers. And coming up this hour. Beavers are given the right to remain in england 15 family groups are given permisssion to stay, 400 years after the animals were hunted to extinction in the country. Hello, and welcome if you re watching in the uk or around the world 7 and stay with us for the latest news and analysis from here and across the globe. Aid from around the world has started to arrive in lebanon after the devastating chemical explosion in the port area of beirut on tuesday. The death toll now stands at 137 people, but is expected to rise. More than 5000 people were injured in the explosion. The country is begining three days of National Mourning as a two week state of emergency is declared in the region. And as leaders from around the world pledge their support for the relief effort, the french president Emmanuel Macron is due to meet his lebanese counterpart this mornin
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question