Less bright than they might appear in the German Economy thats according to a survey of chief Financial Officers conducted by Management Consultancy to lloyds it found a shop drop in both investments and recruitment which levels the lowest in 7 years the Auto Industry engineering and chemical sectors of the most pessimistic especially in investments the Banking Sector trails in recruit but the survey showed c f os were most concerned about a full kastrup in domestic consumption in the coming year just digitisation came out as the one area they are still happy to invest in. Lets go to Chelsea Delaney of financial correspondent in frankfurt chelsea just how bad is the situation because i mean germanys just narrowly missed a recession it is basically stagnating wouldnt investments from both the public and private sectors be exactly what the doctor ordered. Well thats what economist investors have really been begging for over the past couple of months investment is really the really the be
Important problems can become a long term business model. And imagine a 19 hour flight crammed in economy falters completes a double sunrise test flight from london to sydney. And mentors will and thats the business things are less bright than they might appear in the German Economy thats according to a survey of chief Financial Officers conducted by Management Consultancy to lloyds it found a shop drop in both investments and recruitment with levels the lowest in 7 years the Auto Industry engineering and chemical sectors of the most pessimistic especially in Investment Banking sector trails in recruitment the survey showed see a photos will most concerned about a full cost drop in domestic consumption in the coming year digitisation came out as the 1. 00 area theyre still happy to invest in. Lets go to Chelsea Delaney of financial correspondent in frankfurt chelsea just how bad is the situation because i mean germanys just narrowly missed a recession it is basically stagnating wouldnt
Plus, oil markets squeezed again as russia and saudi arabia send more shockwhataves throughe market and china throwing more stimulus at the private sector to boost the struggling economy in the recovery. It is friday, august 4th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dominic chu in for frank holland. Lets kick things off with the u. S. Stock futures after the s p and nasdaq turned in a Third Straight day of losses, futures right now showing a brighter picture, at least for now. S p implied higher by 15 points. Dow jones industrial average implied higher by 55 nasdaq up 83 a tech recovery may be in the works. This is ahead of the july jobs report economists are expecting employers to have added jobs at the slowest pace since december of 2020 at just 209,000 net new jobs for the month checking on the bond market. 10 2year yields yields on each up 5. 5 to 6 this week alone. The 10year treasury is 4. 91 . Slightly lower the 2year treasur
Busy morning the president delivering his first state of the Union Address, applauding the work his administration has done on the economy, on jobs, on health care, and taxes. We enacted the biggest tax cuts and reforms in american history. Massive tax cuts doubled the Child Tax Credit we slashed the business tax rate Small Businesses have also received a massive tax cut roughly 3 million workers have already gotten tax cut bonuses the president mentioned taxes 15 times in the address, most since obamas 2012 address where it was mentioned 31 times. For more on all this, joined by microsoft ceo steve ballmer, founder of usa facts and owner of the la clippers good to have you good morning to you. My pleasure thanks, carl, good to be here. So much discussion this morning about shackles being taken off business, whether through taxes or regulation, incentives to invest, thats why we are seeing the stock market for the past month where are you, what business and economy are doing and how st
Weekend three months. Australias market is at a 2016 high. Set to pop in tokyo after u. S. Shares soar 27 . You can let us know what you think of todays top stories by following me on twitter. Dont forget to include trendingbusiness. Lets begin today with breaking news from the south of france, where a truck has driven into a crowd, killing 77 people in nice. They are now calling it a terror attack. We are live from paris. Tell us what you have on the latest news. Basically the latest we know now is that in the past 15 minutes, Francois Hollande has returned. He was celebrating bastille day. Right now in terms of what has happened in nice, 77 people confirmed dead. We are reporting about 100 others have been wounded, and this occurred earlier this when one person, at least one person as we so far no, was driving a large, white a crowd of into revelers watching the fireworks celebration for bastille day on , a promenade des anglais popular area for revelers and visitors to the city of n