The earnings season gets into full swing a little bit later on. I think a lot of investors today are trying to digest this surge of bond yields and what that means for a possible rotation. The flipside to this think synchronized Global Growth, the impact on asset classes. We had a story with yen and th e boj. We know Philip Hammond and david davis are separately in germany. Now, coming up, we discuss super cars and making motorsports very cool again when it comes to for example, sustainable gas ceo. We get commodity calls from jeff curry at Goldman Sachs and a little bit later in the day, we bring you the exclusive interview with elizabeth warren. We talk immigration and tax. The children of undocumented immigrants are facing deportation from the country and have won a court order temporarily blocking the Trump Administrations decision to end the dreamer program. A judge in San Francisco rejected the argument that the courts do not have the authority to secondguess whether the presiden
We see little bit of a lack of direction when it comes to stop. The stoxx 600 is pretty much flat, moving sideways. There has been quite a lot of movement in the u. S. 10 year yields. This week we have been looking for the 3 mark. We have not gotten there yet. Investors are trying to figure out exactly the Monetary Policy. And you have a little bit of movement in the euro sck. In the meantime, you can see the andmberg dollar index coming up, we talk brexit and trade. Later, david bloom from hsbc gives us his forecast. E talk gun0 p. M. , w control. Now, lets get straight to the bloomberg first word news with nejra cehic. Nejra theresa may held an eight hour brexit session in an attempt to win anonymous backing for her divorce plan. She went to give european rules in many areas, while breaking away partially or fully with others. The European Commission preempted the meeting by saying what it has heard of her plan will not work. Former Trump Campaign chairman Paul Manafort and onetime a
Anchor you are welcome to the pulse. I am manus cranny. Also ahead of this hour, we will speak to the former italian Prime Minister mario monti and get his reaction. That is at 9 45 a. M. Stay tuned for that. He and for foxs, Yanis Varoufakis, has announced his stepping down. The news at degrees voted overwhelmingly to retract further astray ready in a referendum. Prime minister Alexis Tsipras held at the result is a great victory. That would allow him to return to the negotiating table with a strengthened hand. With all of the angles covered. Erik schatzker on the ground and paul gordon in frankfurt. Mark barton is standing by. Strata Erik Schatzker. What a 24 hours. The votes. What is the significance . Varoufakis pulled one out of the bag. Will do appreciate improve their negotiating . Erik let me quote from Yanis Varoufakis on his blog. An excerpt, soon after the results i was made aware of a certain preference by eurogroup partners from my absence, an idea that the Prime Minister
Choice. Today we celebrate the victory of democracy but for tomorrow come altogether, we continue and will complete our National Effort on exiting the crisis. Our strong ally is the great peoples belief in its own strength and justification that we are in the right. Vonnie the leaders of germany and britain france and france will get together to discuss the crisis. Greece may run out of cash within an hour unless the ecb extends another lifeline. There was a big drop in the shanghai composite. Bennett rose because of oil. The Chinese Government has suspended ipos and boosted cell purchases by state run financial firms. The index is down 27 since june, 2012. Secretary of state john kerry has expectations that a nuclear deal from iran is imminent. He said negotiators are not where they should be on most difficult issues. The talks have run on for nine Straight Days of u. S. Says it will only agree to a deal that restricts the iranian ability to make nuclear weapons. A big acquisition and
Euro, and he is now accused of tearing it apart. Tom where will germany be monday morning . Brendan i do not see how this fails, but germany is talking about having a discussion with itself about the euro, and it is entirely possible that they may be ready to contemplate after some time what we have been talking about. Tom lets get to top headlines. Here is vonnie quinn. Vonnie thank you, tom. Lawmakers in germany are getting ready to vote now on the new greek bailout. The plan is expected to pass backed by the majority held in parliament by Angela Merkels party. The german chancellor spoke this morning in favor of the bailout. Angela merkel the dramatic events of the past days in europe cannot be overestimated. These days are dramatic, first and foremost, for the country that is the subject of our thoughts and consultations greece. Lets imagine for a moment what it would mean is at home in germany pensioners would be queuing in front of closed banks to wait for their weekly pension of