Treasury market. European stocks are down by 1 . U. S. Stocks are up i. 2 . I also want to bear in mind what is happening with the chinese currency. This is important. 6. 6 four, below key levels. The dollar continues to weekend. The dollar is important, the euro is important, but the chinese currency is potentially very important. Jump inaly reporting a new daily virus cases to over 15,000. The other part of the story, we are talking about trade talks, the u. K. And the eu are ready to sit down immediately with the goal of finding a deal by midnovember after positive contacts between the two sides. Our bloomberg is european politics reporter. Ian, a great way to talk about itting the deal, getting done, was that Boris Johnson was getting his way and getting it done. Ian in the past five minutes, the chief negotiators have gotten off the phone after about an hour long discussion. We have not heard officially what they have agreed to do, but as you were saying, we have reported in the l
Since the 80s on a week to week basis. If you want to take delivery for crude oil, you can put it in storage but you probably will not have use for it. If you reopen the economy, you , but thisl recoveries is very much what is expected in markets across the board. Romaine we just want to check on the markets. We did get the closing bell. Up on the three major indices. Stephen mentioned small caps a little bit earlier. The russell 2000 up about 1. 2 . Thebiggest laggards were big cap tech names. We are awaiting alphabet, also names like starbucks, ford after the bell. Scarlet in the big cap space, you have health care and Communication Services leading the decline. The small caps space, downmer and discretionary about 2 on the day. A rare case of outperformance. It has prompted people to start positioning for that recovery. Romaine we are getting alphabet earnings right now. Those numbers coming through. Q operating income at 7. 8 lien. Number, and the operating margin coming in it 19 v
Goods this time from the eu. The big political story of the day, congresswoman alexandria ocasiocortez going after the Border Patrol during a visit to a migrant detention facility. Wait until you hear the shocking claims she is making about conditions there and you will also hear how Border Agents are responding. There is a lot going on this morning. Varney company starts right now. David nike pulling a special fourth of july sneaker featuring an early American Flag after Colin Kaepernick got involved in the whole situation. He reportedly told nike that the early American Flag on the shoe is offensive because of its connection to an era of slavery. Joining us is market watcher john layfield. John, is nike going too far with Political Correctness . Im not sure here. Like i kind of feel for nike here because they are trying to stay apolitical as crazy as that seems. They just pulled a product in china because the japanese designer had some ties to the hong kong protest as far as support.
A belligerent spain holland . Its only britain, the novice grabbing grain and what are the real mechanisms of play when it comes to the neo liberal global food system . Well, this is the un secretary general in nature. The nation lead is so silent on us ok. Patient of syria is which fields claim the black Sea Green Initiative was crucial to saving the poor of africa and around them. Its always the founder and executive director of the Oakland Institute, which is just reported on i m. F. World Bank Collusion in the coming up of ukraines global food supply system. Shes previously testified before, but the us congress and the u. N. G joins me now from nairobi. Can you thank you so much for coming on. I mean, there wasnt much coverage of the advert. Good russia summit to last week. So perhaps it was easier to understand the nature of nations from big Corporate Media that the black Sea Green Initiative killed by pollutant is going to stop africa. Why is that . That was your policy director,
This is not about they would against all was this is really about the United Nation speakers, which are clearly demonstrating that as off just last week or so, only 3 percent of the food commodities exported from ukraine under this initiative have gone to low income countries. So i dont know if the general disturbing idiotic just been callous and being lazy at best to have perhaps. Now, how do you characterize the ukraines farm land and how the Food Industry works in ukraine . Because the, your recent report seems to suggest over many years, really the i m f and will bank to in the institutions along with profit tearing. Big companies have carved the whole of your bread bucks, basket up, especially after the cool in 2014, when a parent visa lensky was elected in a way to say, live were going to stop privatization. The privatization is, is the process now as well . Thats a very important point that he just made. Most of the world does not realize that under the foreign debt, ukraine has