Congress. Well have the latest on the talks between Speaker Mike Johnson and Senate Majority leader Chuck Schumer. And take a look at new polling which shows President Biden making up significant ground in a swing state. Good morning and welcome to way too early on this wednesday, may 22nd. Im ali vitally in for jonathan lemire. Testimony in President Trumps hush money trial has officially finished. Former President Trump did not toifr in his own defense can spite telling the press multiple times he really wanted to. Yeah, i would testify, absolutely. Its a scam. Its a scam. Mr. Trump, are you going to testify . Yes. Will the gag order stop you from testifying . No, it wont stop me from testifying. The gag order is not for testifying. Do you plan to testify in court . Probably so. I would like. I would think so. When asked why he didnt testify the former president refused to answer. Watch. Why did you decide against testifying in your case . Did you not want to take the stand . The im
Making a difference. Rwe go up at the beginning theyre inking a deal with italys enel. Welcome to the show. It is a brandnew start to a trading week. A lot going on today. What a busy morning we have going on the euro has turned positive afterdipping to a twomonth lo versus the yen the ftp made a surprise move to pull out of the weeks long talks with chancellor Angela Merkels conservatives and the greens citing a lack of Common Ground merkel expressed her disappointment but vowed to keep disruption at a minimum for germans. This is part of the coalition when partners have to meet each other. You have to overcome long distances, therefore, i regret with all respect to the fte that we couldnt find a common solution. The ftp leader explained why his party left the bargaining table. We wont leave our voters in the lurch by going ahead with a form of politics about the heart of which we are not convinced. It is better not to govern than to govern wrongly. Lets get out to annette whos been c
Critical decision on whether to raise emergency funding for banks. Raising the toolbox. Beijing steps in with unprecedented measures to stem volatility. Thus its another erratic market with stocks giving you have gains. And the rolls royce issues a profit sharing. A new style of management. Okay. Lets get straight to having a look at what markets are doing in reaction to this surprise result in the greek referendum as you can see. Predumb pant thatly red in the to the stoxx 600. The declines 1. 2 . Perhaps not quite as big as could have been expected given so few people predicted the results of the referendum. And we had a similar reaction to the markets exactly one week ago after the announcement of the referendum. I guess the markets learned from their experience last week. They saw this was a knee jerk reaction and will focus on the early talks. Meantime, Yanis Varoufakis has resigned as his position as finance minister. In a statement, it states his absence could help the governmen
That has fallen slightly falling from 155. 2 versus reuters of 116. Remember, the 116 was the record level we hit back in july. Once again, we have a slight bit of a dip but by and large this is not too much of a fall. By and large german businesses have been quite resilient to some of the geopolitical stocks weve seen ill be speaking to the clemens fuest. Angela merkel has won a fourth term as chancellor while support for the far right surged they won 33 of the vote and will remain the Largest Group in parliament but the result marks the conservatives worst since 1949. Now the euro has slipped following the results as investors suggested the challenge that merkel faces to build a stable Coalition Government there you go 1. 1902 they are close to section lows down 4 . It seems like the euro is down more against the pound sterling. Youre seeing a little bit of nervousness around the task, very tricky task of perfeformint coalition and maybe less of a European Coalition addressing suppor
Cat catalon region an american diplomat is being arrested in istanbul german production surges in the month of august posing its biggest increase in more than six years. Good morning, Everyone Welcome to the show once again the start of a brandnew week. Lets look at the stock 600 map looks like this. We are modestly higher to the tune of 1 3 of a percent this comes after the fourth straight week of gains the dax hitting a new record high and were seeing a little bit of a rebound in the spanish stocks the eibex up. Lets look at the indices one by one. The vix 100 is off a slight recovery trade for the pound sterling the xetra dax is up by 1 4 of 1 up by 29 points and we dont have the ibex on there what i do see is up by a bit that will surely continue this week there is still a lot of nervousness around when independence will formally be declared lets also have a look at the spanish stocks and how theyre trading today. Once again it seems like investors are going back into these beaten