Pricing surrounding the feds next rate decision. Plenty of great coverage coming up. Lets get a first word news update with olivia hows. Olivia at the vatican today, russian president Vladimir Putin met with pope francis. It is a sign of closer ties between the kremlin and the catholic church. Russian officials said the meeting would focus on syria and ukraine. Tomorrows the pope is due to hold talks with the ukraine about conflict in that country. British special forces have seized a supertanker suspected of carrying iranian oil to syria, in violation of u. S. Sanctions against the syrians. The tanks are ready to go, and the fighter jets are set for the flyover, all part of President Trumps changes to the two directional fourth of July Celebration on the National Mall the traditional fourth of july silla brush and on the National Mall. There is concerned that the 20th to Nuclear Treaty with iran is about to collapse asked that the 2015 Nuclear Treaty with iran is about to collapse tha
David and what did he think . Alix board. He talked about all of the bored. He talked about all of the hasht ags. Boring. That much what he said. If you are Corporate America listening to the democratic debate, you are saying oh my gosh, what am i in for . David it is a very different attitude from President Trump in 2016. They really want to take on big business. The Ford Motor Company has put some numbers around their restructuring in europe. They are going to lay off 12,000 people. We already knew they were laying off 5000 in germany. The is this is part of overall restructuring effort. Said they are pulling back in europe. Alix germany, ukraine, russia apparently the hardest hit. David they havent been making a lot of money in europe. Thats be frank, all of the european automakers have been having a tough time. Gm got out entirely. It makes sense, but it will be very difficult for a lot of people in europe. Alix take a look at what is happening in the market. Not a lot come of the
Haven. We are looking at yen at 108. 66. European stocks gaining. Looking at the yes 10year yields, 2. 13. Treasury yields, they found old falling. On bloomberg surveillance we will bring you an interview with boj governor governor, Haruhiko Kuroda. Nickel. Oined by carsten lets get to the first word news. Boris johnson hardening his rhetoric on brexit. Hes he would scrapped would scrapped the back stock. The tories leadership campaigned has been marred by revelations of his cocaine use. It was a crime. It was a mistake. I deeply regret it. Should you have gone to prison . Who i was fortunate that i didnt. I have seen the damage that drugs do. I have seen it closeup. That is why i deeply regret the statement i made. Hong kong has seen one of the largest demonstrations since his return to china. The protest is against legislation that would ease extradition from the mainland and organizes claiming one Million People took part but police took a figure closer to 140,000. The Hong Kong Gov
We had the likes of korea last week am indonesia, malaysia, japan seems to be the next in line. Look at the nikkei, down about 1 . 20,384. This is quite crucial. We are now testing the 20,000 line. Also under that kind of pressure. Lots of questions about the boj stepping up. If there is aee change in rhetoric. Australia under pressure. Cost me, slightly kospi, slightly higher with chinese equities seeing resilience. We are holding back from the initial gains out of the gate, up 0. 5 . Moving, losing the haven status given the trade tensions. , relatively speaking, a bit up today. The bond market continues to see more fuel for the bond bulls out there. The u. S. Tenyear treasury real yield has been interesting, the biggest fiveday drop in yields since 2013. About 30 basis points since may 21 and we are 2. 57, a 30 year yield at the lowest since 2016. The record lower yield when it comes to german bonds when it comes to at 20. What an. 50, australia, head of the central bank decision. T
Brian battle saying we are overbought today and perhaps that is what the market is reporting today. Lets move to europe because we got the downgrade from the imf on Global Growth. It put some more weight on the indices in europe. The dax in germany down 0. 7 . Airbus is one of the stocks that is really dragging down on the trade spot or as Jeanclaude Juncker is calling it the president s trade twitch with europe. Down 1. 8 . One of the outliers in london is higher even though the ftse 100 is lower. It is up 1 on details it has settled all investigations, u. S. Investigations, u. K. Investigations. It will pay 1. 1 billion. Globally, imarkets wanted to bring in the Citigroup Global and u. K. Equity strategist. Lets begin with this escalation of the trade twitch, Jeanclaude Juncker is calling it. It is more than that, right . Seeing the United States and eu go at it now on airbus and boeing subsidies. How does that impact your outlook on todays market . I think the main headline here is