Low. Shake shack and tesla both getting slapped with downgrades. Star bucks raising prices but coffee addicts keep chucking. Well talk about why. First up it is the sign of a resilient u. S. Stock market. Eurozone officials are meeting today pushing for new reform proposes from the greek Prime Minister. Banks and stock markets remain closed. Pictures of people waiting outside the banks. Pensioners trying to withdraw some money. There is a sense, has tsipras built Political Capital post referendum in. I think that merkel is making a stand. Theres really good articles today about how merkel has emerged as being pretty much a dictator. And the wall street journal writing a story this morning about germanys rise in power over the last eight years. Its going to make it so it doesnt look good for tsipras. This dollar being strong earnings season starts tomorrow carl. Cut numbers, cut numbers, youre going to have to cut number for every international company. This is im very uncomfortable wit
Search business. And prudential prepares to deliver firsthalf earnings in about 15 minutes. Profits are expected to surge by 10 , but investors eye the challenges ahead. Welcome to the show. Lets get straight to european markets, which were indeed quite strong yesterday. A slew of earnings and oil prices recovering by a couple of percent allowed equity markets to perform relatively well, better in europe than in the u. S. , but positive across the board. Now, today we are down 0. 6 for the broader stoxx 600 as you can see, a correction from yesterdays positivity and more of a continuation of how august as a whole has kicked off. Ftse 100 down 0. 6 , germany and france down a little bit more than that. Athens is in positive territory and seema will tell you why. Absolutely. Lets take a look at that top story. Greece and its International Creditors have agreed to a deal on bailout terms following long negotiations. Finance Ministry Sources telling cnbc that a number of minor issues still
Today, after moodys downgraded trying to shift focus away from the saudi led blocs demand. We asked bloombergs middle east executive editor if the invoice will be able to move its block off its hardline stance. Reporter the 13 demands can be part of the six. The six are just vaguer. They are more general statements of principle, which obviously would open the door to some negotiation to some agreement. The six are based on agreements qatar has already signed. You think it would be easier to get to some sort of deal there. It is the u. S. Envoys trying to push the conversation back to these broader principles rather than these very specific 13 demands. Shery where does that leave the u. S. . Will they be able to achieve this . Reporter they are certainly trying. Weve had a couple of weeks where not much was happening. The sense was that things are really stuck. As yousef pointed out, it went from a hopeful phase where they did seem to be some progress between qatar and the u. S. The all
The conflicts we have faced in 2022 make the renowned opening line of Charles Dickens’ novel A Tale of Two Cities an appropriate summary of this past year.