Hackett was brought in, he was a board member, previously he had done a great job at steel case the Office Furniture company in michigan and when he came in and he said, look, we are going to transform ford, get it ready for the future for Autonomous Vehicles, for electric vehicles. That hasnt happened ford has been mired in really not being making the move that its needed to make since 2017 they are starting to change that a little bit some of that because of the moves that jim farley has made as coo, he becomes the ceo effective october 1st and the marching orders are pretty clear. Transform this company, get ready for a future with electric vehicles, Autonomous Vehicles at some point, not immediately, but at some point, but, guys, this is the most interesting stat that i can find. If you go back over the last, what, 20 years, 19 years, only one ceo at ford, alan malaly posted a positive gain in ford shares there you see hacketts performance since may of 2017, down 38 , similar to fi
Maria is there with more. What do we know so far . It seems like they are going to be talking on the 750 billion euros stimulus. Is that rhetoric . Maria it is unclear whether we get a deal. We do know european leaders have been stuck in a room was 10 hours debating what to do with his Recovery Fund. It is clear there are three major sticking points. One has to do with the size of the Recovery Fund, how big it is going to be. Euros wouldbillion be granted as grants to countries in Southern Europe that have been badly hit by the coronavirus. That could change during the weekend. There is an issue with the format, how much this money will be in terms of grants and how much will be a typical bailout just cash for reforms. Secondly, this is becoming a major thing, the governments. Who is going to make sure a country like italy after they get this money, who is going to make sure they use it for reforms . For a country like the netherlands, for the dutch Prime Minister to whom i spoke to in
The hang seng at the moment. The two thirds of 1 . Lets look at what is going on with the nikkei. Market, we are seeing a move to the upside. A case of bad news and good news. Indicating they could institute Interest Rate cuts. Lets get to the other asset classes. This is where we find ourselves at the moment. It must have been quite a meeting between the fed chair powell and his boss, the president. It must have been. A yield to that has barely been budged in. We have been seeing them lurch higher. More uncertainty in the haven buying. Pence against the euro. That is sterling moving to six month highs against its european counterpart as the threat of a hard brexit recedes. Aussie dollar moving to the downside. Just under . 68 u. S. Where it istuation to the downside potentially. Theyof many are saying would not be surprised to see a 66 handle in the nottoodistant future. Then we have the Violence Center stage in hong kong. It is continuing. That continues to be our top story right now
Us for a wide ranging one on one including thoughts on donald does for a wide ranging one on one including thoughts on donald trump the 2020 campaign and what he learned from his experience from the 2020 campaign and what he learned from his experiences with impeachment proceedings he joins me from washington says with impeachment proceedings he joins me from washington d. C. President trump has called the impeachment inquiry d. C. President trump has called the impeachment inquiry. And a scam Vice President pence calls it a disk hoax and a scam Vice President pence calls into scrapes what does trent lott corps. Well grace what does trent lott corps. Well. It concerns me it bothers me having been through it i dont think its good for the company it concerns me it bothers me having been through it i dont think its good for the country i worried both during the nixon impeachment proceedings and on tree i worried both during the nixon impeachment proceedings and the clinton process in the
President trump urged his former secretary of state to help the clients of lawyer rudy giuliani. Syria. Of airstrikes in u. S. Senators lead the growing criticism threatening sanctions in response. Shery lets get you started with a quick check of markets appeared u. S. Futures being pressured right now, down 1. 2 after that South China Morning Post report that there was no progress made between deputy level talks between the u. S. And china. We have seen stocks pair back some of those earlier gains in the regular session in the afternoon as we have gotten another report saying that china is trying to play down expectations of progress. The s p 500 managed to end the session higher after two sessions of losses, gained. 9 . We have cap and Energy Leading the gains tech and Energy Leading the gains. Members showing a little bit more worry and concern over the growing gap between Market Expectations on easing and their own projections. To the u. S. Turning cpi numbers out tomorrow. Lets se