He c. E. O. Of verizon, Hans Vestberg as we proceed throughout the hour. Francine european economies are starting to claw their way out of recession and we had encouraging p. P. I. Physician and the confident p. M. I. Jumped to 54. 8 with the services and manufacturing sectors expanding. Joining us now from paris is william, the Bnp Paribas Group chief economist. It feels like this was a good week for europe. We have the p. M. I. More than expected and the Recovery Fund. If you look at job losses theyre going to get ugly in europe. William that is a concern i have if you look at the p. M. I. Data today. What strike is that yes, manufacturing significantly and new export levels in germany are just flying but the employment series is showing that companies are under no intention whatsoever to increase hiring and on the contrary. Thats a concern. Its a concern because the recovery will depend on what households do, how much they spend and they need confidence. Alix what is going to give t
Really a drop of american blood no one drop of americans want you or weve all agreed on a horse or a ceasefire in the border region of syria. I do was unconventional what i did i said they dont have to fight a little while sometimes you have to let them fight a little while then people find out how tough the fighting is. But outside the rally members of the kurdish american diaspora protested the agreement. We dont have much faith in the ceasefire since you asked kurds to push 20 miles away from the border and thats where the majority of the kurdish incursion areas are so its given turkey everything that theyre already asking for so what kind of a ceasefire is it if you ask one side to give up everything in washington Congressional Democrats are also criticizing the white house decision to remove recent turkey sanctions so congress is promising its own bipartisan sanctions against turkey in the coming days Senate Republicans say the agreement abandons kurdish fighters allied with the U
Will add to that sanctions countries a still managing to get crude to customers by offloading at sea and switching off tracking devices who better to pick all this up with than rajat kapoor managing director of oil and gas at a. W. I. Lloyd thanks for being with us roger so what needs to happen to bring tanker prices down should we be concerned here whos shouldering the cost. Obviously a big effect on the tanker prices and the way it is and where they are today has got to do with the current sanctions that the u. S. Administration has put on iranian crude in order to prevent offloading often include in the high seas in order to stop at least do it to the bare minimum export of group to china the u. S. As you know last month in order to sanctions on the tanker subsidiaries of costco which is a China Shipping line and in the largest shipping line in the world so once you have the sanctions coming in from the u. S. On these entities on these particular bang. Because they suddenly become p
But this is not how a Democratic State responds to what started out certainly as peaceable demonstrations. Plenty more ahead on the news hour including johnson delivers a new brags that offers the e. U. Including proposals to resolve the irish border problem. A day after a student was shot by Hong Kong Police and beijing protests show no sign of letting up. And in the sport peter has action from the World Championships including a goal tonight for britain into. The states is set to impose 7 and a half 1000000000. 00 worth of tariffs on imports from the European Union the tariffs are in retaliation for e. U. Subsidies given to european airplane manufacturer air bus which the World Trade Organization says were legal fears of a tit for tat stem from the e. U. Likely being able to impose its own new tariffs next year for illegal subsidies given to us airplane maker boeing for more on this heidi castro who joins us joins us live now from washington d. C. Heidi how did this all start. Well n
Stress. Now, a month full of betterthanexpected Economic Data including u. S. Retail sales. The 10year, 4. 95 on the twoyear. 10year, 4. 6488. On the month so far, up by more than 30 basis points on the twoyear, 40 basis points on the 10year. Morgan stanley, for equities. Socgen, expensive valuation sitting comfortably with higher bonds yield. Lisa part is the right reason, part is the wrong reason. Retail sales came in betterthanexpected causing the increase of gdp positive for equities. The other side, it is stemming from increasing Inflation Expectations grading issues of how high the rates have to stay for how long. Jonathan we have heard the same thing from fed official after fed official. Patience and no urgency. Monetary policy is in a good place. Monetary policy is tight. Immediately after, hotter than expected retail sales. Lisa can they get ahead of this . Will he have the freedom to cut rates. It seems the market has moved on from fed speak. It seems the market is looking at