Covid19. His physician warned he may not be entirely out of the woods. Global stocks still see modest gains. Hong kong maintains its coronavirus social distancing measures. 34 u. S. States see more virus cases than they did a month ago. The cdc warns the virus can spread indoors in the air beyond six feet. Deutsche banks ceo tells bloomberg exclusively it could consider m a as early as next year, but with one caveat. For us, it is important that we are not a junior partner. That means we first have to sustainably increase our profitability. We are just under an hour away from the start of cash trading in europe. We have german factory orders coming out on the ticker. Rising orders in august 4. 5 month over month. That is better than the estimate sorry well, the estimate and the previous reading or both 2. 8 . 4. 5 beat the estimate and the prior reading. Yearoveryear, you have to drop 2. 2 . It is not as bad as the 3. 8 that was estimated by economists, and not as bad as the 7. 3 drop
You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are
Down 1 10 of 1 on the s p 500. The euro is firmer. 250 on thestable at 10 year. Alix 100 Day Moving Average is down by 1 1 10 of 1 . Oil continuing its down slide, now off by only 1 , nine days out of the last 11. What a losing streak . Deutsche bank will issue a near 700 million new shares in an effort to raise 800 billion euros in capital. They will boost revenue after spending almost two years navigating legal protein cutting back risks. With us now is michael moore, finance reporter. Walk us through what we have. Weve got the pricing on the capital raise. It was in line with what most people were expecting, a 45 discount. Deutsche put out their annual report. Most of it is backwards looking into 2016 but they did have a 2017 outlook in the key take away their was the revenue being broadly flat. It is a negative given how bullish they were on the start of the year in trading. Jon it is an 8 billion euros share sale. But it has been offered at a deep discount of 35 . Banks typically
You have to be seeing across the board, every single group is falling. Equity market feels the pain. Alex will talk central banking and the markets. We clearly want to be discussing where we are going ahead with our guests. We will be talking with scott mather, coming up in a bit. Fascinating, his viewpoint on when they will hike. And of course how good that job number has to be. Alix overall we are looking at a market rerating for the fed hikes expectations. It comes to equities, the dax lower. You have emerging markets lower over the last two days, and they are trickling through with a story in the fx market that is stronger that is the stronger dollar. Particularly, dollaryen, 1. 02. You have yen weakness, but is that confidence about the boj in rode a in corrode a commodities are getting hit across the board. Off by 1. 3 . Ti, a 47 handle now for wti. Bond marketsthe friday you saw that big rally ofyields on the front end the curve. The biggest jump, 10 basis points, the biggest ju
President ial democratic candidate Bernie Sanders called racist. Rich will be here on what some are calling racist rhetoric. Plus the epipen price gouging scandal not going away for mylan and ceo. Mylans coupon not going over well with food allergy advocates. Well take a look into mylans explanation for the soaring cost of epipen and tell you if the price is right. And janet yellen leaves the markets shaking in their cowboy boots this morning after a speech in jackson hole, wyoming giving the impression a rate hike is coming. The markets liked it at first and then stealed declined through the afternoon. The Dow Jones Industrial average now off 79 points. Less than an hour to the closing bell, im Ashley Webster in for liz claman, lets begin the countdown. Ashley a fed head shake out . Well, both the head chair and vice chair saying a rate hike could come as early as next month, the market calling its buff. The market having its biggest intraday swing of two months, down 13 at the low en