German defense minister steps down as defense minister ahead of a secret ballot that could cement her as the first female European Commission president. Manus warm welcome to your biggest concern to daybreak europe, and what is your biggest concern, a meltdown or a meltup . This is the msci world index. To bail on stocks. Central banks are giving you a gift, that is their message. More of a risk as equity markets go up, and people dont appreciate that. The question is, do you believe that going into earnings season . The least attractive market for them, the usa, their top calls australia and japan. A couple more markets, even i cant make wti more exciting than it is. Downgraded, what will the inventory tell us . And gold, it was red, i do promise you, ahead of retail sales. The point, if you want to protect yourself as yields go back up, do you want a little gold for protection . That is a question for markets. You have the glorious s p. [laughter] nejra it wasnt so glorious yesterday
Steve mnuchin says he may had to beijing of trade talks arent productive. This as europes braces for u. S. Tariffs on 7 billion of goods and legal aircraft subsidies. Trading revenue will be the talking point for Goldman Sachs and jp morgan as they report quarter results. We will hear from the cfo, john shrewsbury. And buyers reprieve. The german companys legal payout over its second round up by 55 million by u. S. Judge. There are some harsh words in that case. He called their behavior reprehensible. Ant to talk about bitcoin everyone has harsh things to say about bitcoin, from President Trump to his treasury Steve Mnuchin, saying it is only backed by thin air. On can see it hit 12,000 friday and just dropped over the weekend, trading now a 10,700 between four dollars. One of the problems for bitcoin is that a lot of people have bad things to say about Facebooks Libra as well, even Maxine Waters is out against libra. But im not sure they should necessarily be making the connection bet
Pretty much unchanged, but a few stocks are moving quite substantially, including gilead appliances, up, making a 5. 1 billion investment into europes galapagos. Theill be working more on inflammation joes, this is the hepatitis c drug goes away. Broadcom is up one and three quarters percent, that is up on the idea that the broadcom deal may not take place because talks have broken off. City group has turned itself around, the first of the megabanks to report this week. Some good elements come and some less good elements. Meanwhile, one of the major events overnight was chinas gdp growth coming in at 6. 2 for the Second Quarter. For more on the impact of this and of the Global Economy, stephen king is joining us, he is a senior Economic Advisor at hsbc. Talk to us about the china gdp growth number. It is not seem to be impacting markets much. Do you see Warning Signals . Agohen 6. 2 a few decades would be remarkably weak, but by the standards today, not bad. I think that the chinese wo
Are not able to stop the tide of illegal immigration so to the point, we are asking global migration crisis what solutions do politicians have . Hello and welcome to the point. Im ishaan here in berlin to understand how governments around the world are trying to tackle the issue of illegal migration. I have three spectacular guests with me. Today we have carolina via, she is Political Editor of kultura libera polands leading online political and cultural weekly. Next on the panel is john kampfner. He is a british author broadcaster and executive director at chatham house, a think tank the panel is john kampfner. He is a british author headquartered in london. And joining us from london is john dhn. He is a senior fellow at the european stability initiatives and is working on eu migration policy. A very warm welcome to you all. Thank you for joining carolina lampedusa has been in the news all week but also new york. Now, more than 100,000 migrants have arrived there since the spring of
Two of the nation ooegss Biggest Oil Companies down. The clock is ticking for puerto rico. Major bond payments due this weekend fwlchlt. And why netflix wants to be like pixar. Well explain. As we enter the final trading day of the month, the s p is up. The dow is higher by. 7 and the nasdaq with gains. Consumer staples, up more than 5 hitting tom intraday highs this week. Although the 52week low list everything from sugar to gold to platinum to copper to oats to the mexican peso to the aussie dollar. The dollar suffered the best month since january. The real story in terms of the action in july was in commodities. Weaker. Many of them reaching multiyear lows. The dollar stronger and its hard to imagine the s p is managing to gain 2 in what was a bumpy ride earnings. Overshadowing some of the concerns about china and about greece. Earnings did it in big tech. Amazon up 24 in the month. Google up 23 . Big question i guess for august becomes the fed. Some would argue its a function of m