Probably not today ahead of another call between Commission President ursula and british Prime Minister Boris Johnson. U. K. Banks and Home Builders suffered the brunt of the selling as the ftse 100 outperforms the spot 600 and the pound stays under pressure well, a very good morning and welcome to street signs, everybody. Our top story of the day, no surprise, brexit as talks enter the 11th hour. And we have plenty of coverage this morning were going to get into all the detail, all the latest in just a moment but i want to kickoff by showing you the Market Reaction because its been pretty interesting the moves weve seen so far. Starting with sterling, which is trading up 1. 5 versus the dollar, so currently around the 1. 3240 level this as volatility in sterling has reached an eightmonth high. So a substantial sell off in the currency this morning on the back of this weekends developments as we head into the final talks. The ftse, meanwhile, the main benchmark in the equity market for
United kingdoms next Prime Minister early today starts right now good morning im marlie hall. And im dara brown. Hundreds of people will have some relief this morning from sweltering temperatures after an extreme heat wave settled across 40 states for several days in some places it felt like 110 degrees. As many as seven heatrelated deaths have been reported. Authorities in arkansas say 32yearold former new york giants player mitch petris died from heat stroke while working in the triple digit temperatures the blistering heat is finally breaking along the east coast after some areas of new york matched record highs about 44,000 new yorkers lost power overnight and mayor bill de blasio says power was temporarily cut to several neighborhoods so repairs could be made. Power was expected to return to 500 customers at aw jersey, a crane collapsed onto a house and Apartment Building causing major damage to both the storm swept through the area also bringing down trees and power lines. There
To watch facebook, and tesla coming out on wednesday google parent alphabet amazon on thursday. Mike block what are are you expecting . We have some big names reporting this week and for much of this year ive been saying that it is all about growth. Well this is some of the big company chances to sew that can facebook and amazon and alphabet really answer some of the concerns . Last week we saw netflix blow up because their nonu. S. Ads werent good but we saw microsoft excel on cloud and whats it going to be for amazon the growth in retail sales . Is this going to be about cloud and alfa bet respond from last cant and continue to be the leadership here . And would that be novels for the overall market a good thing when four stocks are are amount for all of the gains in the s p 500 . Right so to your point this is the front page story in the wall street journal above the full story ill hold it up right there. Im a nerd i have newspapers. So it is microsoft apple amazon and facebook acco
Metals on his outlook on what is turning into a very interesting commodity space. So far this morning, weve seen all three major indexes in the green. Staging a bit of a rebound from earlier when all three were in the red. When we started the show last hour so, you know, some kind of mixed commentary today the overbought theme is still out there. Youve got some concerns about china and potential contagion risks over there now some additional headlines. The tenyear back to 4. 2 and breaking news out of the fed lets get to steve liesman. Good morning, carl. New york fed Household Expectation showing oneyear expectations falling from 3. 5 to 3. 8 . A fairly large decline in inflation among the population oneyear Inflation Expectations are at their lowest level since april 2021 this follows a similar decline from michigan. Oneyear expectations are down 3. 3 Percentage Points from 6. 8 in june 2022 theyve come a long way in a year threeyear down to 2. 9 but it has been there in the past and
How the war and ukraine has cost tens of thousands of lives and rages on just over 2 years off the russians invasion you creating forces are fighting with weapons supplied by the west in whats become the Largest Military engagement against Russian Forces in europe. Since world war 2, so im sorry, the fighting is at a stalemate, but the conflict remains of all the time. The danger in the heart of europe rushed as president for the me, a put in his again was the west that hes prepared to use Nuclear Weapons if the forces used against his country. Now the leader of the Catholic Church pipe fonts, this is quoting for peace negotiations, saying, raising the white flag for talks, takes courage. His comments have been sharply reviewed by ukraine is a cool to surrender, but have been welcomed in moscow. So whos right is their merits, and what the pope has said, is it time to talk or should ukraine back by its wisdom, allies fight along and do the popes views reflect thinking on the ukraine won