Euros. Oil prices climb amid mounting tensions between the u. S. And iran as washington ratchets up economic pressure with major new sanctions and President Trump tells nbc news he never threatened to demote fed chair Jerome Powell but claims he has the power to do so if he wants. I have the power to do so. Thats not a threat just a reminder that you can. I have the right to do that but i havent said that. What hes done is 50 billion a nont quantitative tightening, its ridiculous. Well, good morning and happy monday, everybody. To kick off the week were getting german data out. So lets break that down for you. The june efo survey german business moral has fallen in june the Business Climate index came in slightly higher than expectations at 97. 4 versus the forecast of 97. 2 however the execations index come in at 94. 2 versus forecast of 94. 5. Little lower on expectations current condition index risen to 100. 8 in june versus forecast of 100. 2. On forward looking indicators sentimen
Surveillance. I am Francine Lacqua. These are your markets. A lot of these european stocks higher at the opening. Now they are down a touch. Lets call it flat. I am looking at oil. A lot of the picture is contingent surrounding iran so you see a little bit of a lift up for american crude. What is going on with these european markets and you are seeing it reflected in yen. Yen is the one story that is the haven. Any risk attitude is reflected on yen. European stocks, a lot of investors are looking at these amounting into political risks. Ifore getting some figures. The german index, 97. 4. We get up around we get the with hernan a cristerna. Lets get to the bloomberg first word news in new york city. The drumbeat for Federal Reserve rate cut is getting louder. Minneapolis fed president says he called for a reduction at last weeks meeting. These comments reinforcing expectations the central bank is on course to cut rates. Trump says he would be able to demote fed chairman if he wanted to
The week as a whole for the three indices. Road map starts with 30 minutes after the jobs number, good news is bad news again. Over 200,000 added in the month of june. That has stock records in the rear view mirror as data may ease pressure on the fed to cut rates. Futures in retreat, moving sharply lower to start the morning. While the u. S. Is on holiday, europe took out the elegant gun on big tech. Both parties in the uk back to target big tech and france moving forward on attacks on the likes of facebook and google the employment rate ticked up to 3. 7 as more people entered the workforce. Wage growth slowed a little bit in june, but remained at 3. 1 year over year for a second straight month perhaps more importantly, though, we did see average Hourly Earnings 0. 2 versus the 0. 3 expected. Mike, your take on this as to whether it really alters the chance of a 25 basis point cut in july. Not very much it injects a little bit more uncertainty than probably traders were hoping for to
But i dont everything is fading into the sort of like to budget true and is pretty conservative actually because certain experts really bad boyfriend, there should be more income and there will be more income. Plenty, in which information, so we could have planned even more expensive. Well, thats not the big guys that should be directly reflected on the development of the economy, which is the right thing, right . The way to go and principal. But when youre in 2018, we had already planned to medicaid for the development of the economy or the south field. You say, oh, its a truly and then we expanded base expenses and theyve been bigger. So if everything goes the way it is planned by the optimist shift, if from days to move tax for those and among the tax rates and then we will be able and we will make this expanse as bigger and there is directions even in the tax. Even though were speaking about the next 6 years, yes, we are speaking about next phase here. This and now guess thing beca
But they also cost a lot of energy in a club uses as much power and 1. 00 weekend as a one person household does in a year. But thats meant to change with the power of dance. How can we produce Renewable Energy with our own movement . Thats one of the topics on this weeks edition of made data we use business magazine. Im not easy that welcome to the show and also coming up micro plastics. A simple solution for a big problem. Mega greenhouse kind of be sustainable and massive demand, how a business of attracting trainees. Just one step can take us in the right direction. Thats the idea behind energy harvesting. No matter whether its on the dance floor or on the way to the office. We produce energy everywhere, we go seizing that energy means being one step closer to the future. The sun wind. 3 and water are considered the most important sources of Renewable Energy. And what does dancing have to do with it . Most link generates kinetic energy, which can be converted into electricity with