Worldwide exchange. Im sara ieisen. Im wilfred frost. Good morning from me as well. Looks week were building gains globally. Dow futures up a nice 83 points in hour. Nasdaq futures up 26. The buying continues despite the wall of worry. First the chinese currency, then plunging oil prices, then the brexit, and yet stocks making new highs. As for the 10year treasury note yield has been the trade for the last few sessions. That continues and pushing up the 10year treasury note yield into the 140s. Where were was last week, 132 a record low. So youre seeing that reverse just a bit. Still historically low yield. Overall, weve seen buy pg of both assets. That does suggest although weve hit record highs on the s p 500 its not out of conviction and confidence moving forward because were seeing buying of bonds as well. Or it could be that yields have gotten so low in the u. S. And around the world that theres nowhere else to go. You have to go to the s p 500 which many stocks are still yielding a lot more. Of the year though, its utilities, its telecom, consumer staples, dividend paying stocks. Yes siesly. It has been a rally up until this point. Financials made a move higher, technology. Well see if those are the kind of sectors that can carry us through. The nasdaq was the outperformer yesterday. It is buying equities out of relative attraction, not out of absolute attraction. Looks attractive, but do they look attractive in their own right. If we saw tightening of Interest Rates, would we see them selloff again . Lets have a look at european trade swep. Europe has been three positive sessions in a row up until last night. Adding a further 1 to 1. 5 today. The dax is up 1. 3 . Italy, the ftse 100 has a decedent session yesterday as did the pound when it was confirmed theresa may would be the new prime minster. Markets liked the certainty of her arriving earlier and perhaps the fact shes not as antieu as others. Asian trade particularly strong as well. Nikkei after comments saying he will deliver bold investments. Pushing the nikkei higher by 2. 5 . Yes, all time highs, but the real gains this week have been in asia and europe. Lets check out the broader markets. We saw the pound rising on somewhat faster resolution to the establish political prab of the prime minster. The pound continues to build on those today. Whats this thing about having a year long election campaign. Just quickly switch it around. Much easier. Cant wait until september so were going to get it done on wednesday. The dollar stronger against the japanese yen. Its helped the nikkei rebound. Hopeful sign for japanese policymakers. Ben meets with the prime minster and with the central bank governor. As for if euro, its stronger. Oil closed 2 lower yesterday and stocks managed to rally nonetheless. Today, that is reversed a bit. Wti rallying above 40 a barrel. Of course we always watch oil as a cautionary sign because it was a pull on stocks just a few months ago, just a few weeks ago. As for gold which has been strong, were going to talk to a gold company ceo in just a few moments. Look at that climb on what has been a rally, but behind it a lot of risk eversion. A lot of concerns and a lot of doubts. Absolutely right. Gold is a great indicator of that as well. Todays agenda is light on economic earnings data. Theres just one reporter note may wholesale trade. A foursome of fed officials are speaking throughout the day. Speaking of the fed, cleveland fed president spoke overnight. She says maintaining stability in Financial Markets should not be an explicit goal for the fed. The central bank should use Interest Rates to head off a crisis only if more presites and better suited tools fail. Meanwhile, former chairman borrow nanky is in japan. Bernanke. A lot can happen in 24 hours. David cameron is currently holding his final cabinet as prime minster as theresa may prepares to take over. Tomorrow cameron will tender his he is resignation to his majesty the queen. Theresa may of course had been expecting a nineweek race to become the prime minster. That was until Andrea Leadsom withdrew yesterday. She has taken a hard line and says she will make sure a brexit happens. Still when lawmakers triler article 50, which is the former mechanism for leading the block, is out in the air. Im be leaving for london right after Worldwide Exchange to cover the story. Another Extraordinary Development in british politics. How quickly things changed yesterday. George osborne who was expecting to be chancellor was here in the u. S. Taking meetings. Very quickly his position was erat kated because dont know what role hell have in the new government. Is he expected to have a new role. Its hard for him to remain adds chancellor, but a lot of talk that hell maintain one of the top jobs. I think if he does, wow, hes pulled it off to maintain after leading a campaign that hes been much criticized for. The difference just to go on, theres got o be a balance between continuity and change. The fact this has happened so quickly probably means the tilt towards continuity will be a little bit higher. The market likes it and the pound rallied off it. Its seen as shes seen as an even keel, not disruptive type politician. They voted out of the id, David Cameron stepped down because he campaigned to stay in. She kpand to stay in as well, so what does this accomplish . Shes still going to carry through the will of the people. Were all brexiters now. They will listen to the will of the people. Its achieved that. In terms of your criticism of policy absolutely fair. The key thing on that, she doesnt have to unless she wants to. Well wait and see. Fair enough to p criticize the idea that shes been elected undemocratically. Well miss you. I will miss you as well. More fallout following the uk referendum and how its exacting the rest of europe. Italy, the euro zone Third Largest economy, will grow by less than 1 this year and only slightly faster in 2017. Italy will start to recover in the year 2025. This as britains vote to leave italian banks have suffered heavily. Theyre getting some relief today. Up sharply, but down a lot more sharply over the past few sessions. Some wilfred, potentially worrying about a standoff over what is legal to do. This is an issue were talking about hundreds of billions of dollars that needs to get fixed. It is the eye of the storm from brexit or related to brexit. The issue has been around for a while. At the top of the half an hour, alison is going to join us with interesting views of whats happening in italy. One not to miss. Investigation whether tesla breached security laws. Failure to disclose two fatal crashes in may involving a vehicle using selfdriving technolo technology. The investigation is in a very early stage. Tesla as you can see just down. 4 . Stocks to watch, all ecoa has to be at the top of your list. Alcoa expects growth in the Global Market this year. The ceo was on mad money to talk about the quarter last night. Listen. Its still a lowprice environment. Its gotten a little better in the last quarter and thats what you immediately see reflected in the results. Thats purely a fact of us having really driven down those businesses on the cusp of restructure. Productivity is strong and all of the business in the upstream business. We have a low cost position. The moment the price goes up you immediately see it in the profitability. Thats why this is a very attract ichiive investment. Talking about the upcoming split of his stock. Well see what the banks deliver later in the week. More stocks to watch. We continue summer sizzler series. Good morning to you. Looers a look at the top five sectors in the s p 500 during this summer over the past six years. Yesterday we revealed a telecom as fifth best performing sector. Whats number four, tech apple has dominated these past summers with an average return of about 7 . Thats thanks to a lot of fall product launches. This fall may be no different. Apple is expected to release the iphone 7 in september. With positive trades, 83 of the time. And sales force. Com. Has an average return of about 6 in the past two summers. The stock has risen steadily. Back over to you. Thank you very much. Tech hot during the summer. I wouldnt have expected it. There we go. Still to come, the ceo of ran gold joins us live. Soaring some 40 since brexit, just a couple of weeks ago. Well discuss with him why that is. Or across the globe in under an hour. Whole communities are living on mars and solar satellites provide earth with unlimited clean power. In less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. And if you thought that was amazing, you just wait. And grease in just a minute on dirt and grime mr. Clean will clean your whole house and every room thats in it. Floors, doors, walls, halls hes so tough, he cleansem all grimy tubs and tiles hell do so your bathroom looks clean as new mr. Clean gets tough on stuckon stuff cleans kitchens in a minute. Mr. Clean will clean your whole house and every room thats in it. Mr. Clean, mr. Clean, mr. Clean welcome back. Venezuela la government saying it is taking over and reactivating. A plan that had halted due to economic crisis. Has the highest inflation rate in the world. Basic and other products are becomining scarce. It has been unable to obtain materials. Other companies have done the same. Gold has been on a tear recently. Prices up 28 in 2016. One company that has benefitted from the rally, rangold resources. Rangold is the second best performer in the ftse 100. Its up some 40 . Joining us from south africa is mark bris toe. Hes the ceo. Good afternoon to you. Thanks for joining us right now. You must celebrating brexit, the pound has plummeted and gold has sored. Very good morning to you. Ive been in this business a long time. By the way, im not in south afri africa, but weve been in this market for a very long time and, you know, short term events are good for our shareholders, but it doesnt really impact on the way we run the company. I think weve seen the move on brexit. I think the whole brexit issue is i think undressed a lot of other risks in the Global Economy, which is driven the gold price. So what drives the gold price more from here . What risks have been uncovered that you think could keep it supported. I think the brexit event its really put the focus back on europe and whether europe as it stands at the moment is sustainable, you know, the uk and its economy has done exceptionally well, r relative to all other countries and for it to be withdrawing from the European Community such has really made investors look back to europe. I think also the delay in the Federal Reserve on addressing the Interest Rate issue has hieltded nervousness and uncertainty amongst the leading economy Central Banks. How far down the road of recovery the Global Economy is. Lets talk about your business. Your adr trades in the u. S. And youre known for having a much better Balance Sheet than some of the other gold producers. What is this share price and elevated price of gold allow you to do . What are you looking at next . Mma, new mines . Sara, thats such a good question. The gold industry is one of the few industries in the world that gives you a value of the market. Gives you a value well above the real value of your underlying assets. Because its always discounting that insurance trigger that weve just seen in the last six month s where things get really uncertain, the gold price moves up and people are on the gold price, but when gold is always focused on a longterm lower base in the gold price we use to plan against. Because its exactly a business. If you plan at the top. Thats where i think youll recall the industry was in dire straights last year. Its still managing a lot of data. We always look to plan our business around 1,000 gold price. We have no intention of changing that. What its delivered in the form of rangold is noted 10year horizontal at 1,000 and our big focus is bolding through organic growth, through the expiration dr drawbacks. You said a top based Company Listed in london, does Brexit Change your view of where best to have your listing . No, not at all, wilfred. I think weve seen we listed on nasdaq in new york. Thats traditionally we listed there in 1997. We traded more shares on the nasdaq than we did the previous year. Thats evened out and we now trade more or less half half on either stock exchanges, on both stock exchanges. Notwithstanding the last couple of weeks, but normally we trade about 90 the whole market. The last couple of weeks weve been trading half of that, 45, but, you know, we are very happy with our listing on london. Were a main board Premium Listing ftse 100 company. Nasdaq has worked well for us as well. Very quickly, you expect to grow that dividend . I keep coming back to the balance absolutely. The big expansion of the last four or five years. We are quite capable of investing in our own future plus increasing the dividend. The higher gold price, were pretty shoour well be able to continue that. Thank you so much for joining us this morning. Mark bristow, the ceo of rangold resources. We have breaking news. China has noel historic title over waters of the South China Sea. None of the islands grant china an exclusive. Interfered with fishing rights and created serious risk of collision. This was a big deal because it was an official ruling. A number of other countries have disputed. Unclear what the chinese response will be to this. When we come back, Bernie Sanders expected to finally endorse Hillary Clinton today. That story topping the political news next. Bernie sanders will join Hillary Clinton on the campaign trail today and is expected to finally announce he is endorsing her. Covering the story from washington, good to see you tracey. Reporter theres been a lot of shuffling back and forth behind the scenes to bring this to fruition today. Bernie sanders and his supporters by the democratic platfo platform committee. They want to make sure the democrats address things like the minimum wage, death penalty, they got concession on those issues, it brought us to today with the likely endorsement of Bernie Sanders for Hillary Clinton. Rallied together in New Hampshire today. Democrats are coming together. Thats virginia senator tim cane said to be on clintons short litst list for vice president. Also reportedly on that list, senator elizabeth warren. On the republican side, donald trump couldhouse a conservative like former House Speaker newt gingri gingrich. Chris christie is being considered. Law and order need to be the First Priority in our country. Swing state governor mike pence from indiana is being vetted. Hes doing a fundraiser there tonight. I think hes the kind of leader and fighter who is going to be able to bring about the change we need in washington, d. C. Its unclear in Michael Flynn is still a top pick. He said he prefers more political than military experience. Hes militarily excellent and i think hes a great guy. That doesnt mean im going to be cloosing him, but hes one of the people i look at. Still trying to get the platform together for the convention in cleveland next week. Theyve got todays of meeting that are going to wrap up next week. We do know, sara, they rejected some language changes to allow the party to support same sex couples. Still to come on Worldwide Exchange, a political changing of guard in the united kingdom. David cameron is leading his final Cabinet Meeting before theresa may will take control tomorrow. Well have the latest from london and why it matters to Global Markets. Stay tuned. Youre watching Worldwide Exchange. I asked my dentist if an eltric toothbrush was going to clean better than a manual. He said sure. But dont get just any one. Get one inspired by dentists, with a round brush head. Oralbs rounded bru head cs your teeth to go pro with oralb. Break up plaque and rotates to sweep it away. And oralb delivers a clinicly proven superior cleaversus sonicare diamonle. My mouth feels super clean oralb. Know youre getting a superior clean. Im never going back to a manual brush. Queue the fireworks. S p closes as a record high. New this morning the changing of the guard in uk politics as David Cameron provides over his final Cabinet Meeting right now. Whats next and why it matters coming up. Plus forbes unvails its top celebrity list. Why taylor swift wins. Eils its celebrity list. Why taylor swift wins. Good morning and welcome back to Worldwide Exchange. Good morning to you. Lets check in on Global Market action this morning. The s p closing at an alltime high yesterday. Weve seens gains across the board and elsewhere in the world right now. That have is propping up u. S. Futures once again as you can see the dow higher by 90 points. S p by 10. The nasdaq by 28. And the postbrexit repound of significant proportions continues. Lets have a look around the rest of the world. The gains are more pronounced. Europe up 4. 4 is adding another 1 to 2 today. France a similar amount, italy and spain leading at 2 . Asia big gains there as well. Comments about easing from shinzo abe overnight. Propping the japan market up significantly. Gains significantly as well for hong kong. Oil the higher this morning. Back above that 45 level. Its up about 1. 8 . This as it fell a twomonth low. Stocks managed to climb o a record despite weakness in oil. Well see if that relationship can continue or if oil turn s around here. Brent higher this morning. As for the 10year treasury note yield, money has come out of bonds in the last sessions or two including this morning. Pushing yields up 1. 48. They were at a record low just last we