Conversation on top headlines. Heres Brendan Greeley. Brendan china is stepping up its verbal support for the yuan stemming the currencys worst fall into decades. The Central Bank Held a rare press briefing today. Officials said theres a reason for the depreciation to persist. Plus the bank said it will take action when there is excessive volatility. Concerns a good cause instability in china. There is a surprise from greece this morning, the government says the economy unexpectedly in the Second Quarter. Economists forecasted it would shrink. The economy have been crippled by months of haggling over the bailout. The greek armament is preparing to vote on the new bailout package. New spending cuts and tech hikes tax hikes. The rest of the euro has devote. Former president jimmy carter undergoing treatment for cancer. Mr. Carters of the cancer was discovered during liver surgery and is in multiple locations. He is 90 years old. He says he will release more information as soon as next we
Andrew levin, whos professor of economics at Dartmouth College and former adviser to former fed chair ben bernanke victoria fernandez from crossmart Global Investments is in houston congratulations. Thank you. Peter costa from empire executions is sheer at pohere a9 with us. Rick santelli is at the cme. Were going to get reaction later from former Federal Reserve governor larry meyer with us and Richard Fisher well get color from them on the new nominee, the impact he will have on the Federal Reserve Going Forward. Steve, lets start with you. As we await the president , to come out of the oval office which could happen any moment here, hes considered the safe pick why . Well, i think because he doesnt want to have a huge change at all in policy. Doesnt he loves the way the markets have been behaving doesnt really want to upset that particular apple cart look, were not sure whos going to be appointed, bill, but i thought we might just talk about the bio of Jerome Powell, how about . The
Anna a very warm welcome to bloomberg daybreak european open. I am anna edwards. Manus i am manus cranny. A little pieces of breaking news little pieces of breaking news. You are watching for a little bit anna crowe anna i am watching for orange. Manus we have numbers first of all it when it comes to fed, the numbers are rising. Donald trump promises he wants to increase spending on defense by 2 , getting everybody on board. Over 6 billion euros. They confirmed the 2017 target. That is the thing we have been seeing during this earnings season. 330 336s for million euros. Heir orders arising they are coming in that 10. 6 billion euros. Anna lets talk about what is going on in the auto space. Something. Orting the Second Quarter operating profit. That was below the estimate of 1. 54. The korean auto manufacturer, the net income of well below the estimate. Something to explore as to why this business not living up to the estimates, the sales number. We have left irish. Manus we were talki
The oil market rebounding faster as opec implements the deal that i do not know if it has had an impact. It seems pretty selffulfilling, right . We knew they were looking for some kind of agreement to freeze production. If that is implement it, it will help the oil markets. The iea coming out with its monthly report, saying they see the Oil Market Rebalancing faster if the opec deal is important in. It seems a given, but who am i to say . You see brent at 33. 01. We will have plenty more on the iea and go live to a stumble for the petroleum conference. First, here is sebastian selleck. Seb the Republican Party a conferencecalled on Donald Trumps embattled campaign after paul ryan said he will not defend or campaign for the candidate after the comments about women. Stick to illegal immigration and stop running him. A new poll Shows Hillary clinton enjoying a 14 point lead, the largest gap so far in that survey. Since i has suffered its biggest intraday fall in a month after asking all r
Now. Good evening. I am ross palombo. I am cristina rendon. A blow out win, the warriors are getting closer to the end of their quest to the road to the championship. They won tonight. Golden state goes up 20, heading back to cleveland with a lot of confidence after the win tonight. Ktvu fox 2 News Reporter joe fonzi has all the highlights. You need 16 wins in the post season to win it all, the warriors now have 14. They are very close. Logic said after the warriors won game one the cavaliers would regroup and give them a better battle, instead it looked like one they played during the regular season. Resting the starters. The first game since the death of muhammad ali started with a silent tribute. The offense starts with good defense. One of his 5 block shots. Gets the transition game going. Steph curry hits a three. Warriors have the first lead. Stating star for the warriors was dionisio did go was draymond green. 28 points in all. Emotional leader. Part of a stretch that saw them o