Is. Im max kaiser this is the kaiser report lot of people talking about is this the beginning of china as the worlds superpower or but theyre not thinking about another end of an era in that would be the Central Banks stacey yes we are we believe here in kaiser report anyway that we are at the end of a fee out era and weve been kind of warning of preparing for that for the past 10 years of this series 11 years now and you could see that even Jerome Powell an acting sitting head of a central bank the u. S. Consul bank is even saying this member last year mark carney said that as he was exiting the bank of england he said that the dollar is no longer fit to be the worlds reserve currency and that we need these additional currency sort of s. T. R. Sort of currency to replace that and this earlier this week we saw a drone powell stated that he would dread a day that Digital Currencies take over the Current System and the u. S. Dollar would not be the old reserve currency anymore right its
Doing very well, up by. 4 . Will play out. Is thiso think it means. 7 . An see pound down by would a trade truce make you happier or a more aggressive investor or do you think this is if we look at the sectors doing something that is going to take uncertainty around global trade well. Even though we see longer, possibly past the 2020 and trade policy is going to persist. It is not just between the u. S. Elections . Truce would a trade and china. Markets up, we shouldnt we still have overhanging europe riskon. That as too at the margin make us more the potential for auto tariffs and we have gotten quiet on aggressive as investors if it that. I do not think that should be was a real truce and not just completely taken off the table. We have other uncertainty some agreement to talk. So that is a look at some of the associated with things like that the tariffs are moving brexit. Markets. Lets look at the other side of is isuggests to me the markets, dollar index. The dollar just a touch to
Corporate bellwether. Manus warm welcome to zurich. The numbers hit the tape. Of linesa couple coming through. Net profits recovered considerably after a challenging 2018. Net profit attributable to shareholders, 343 million earnings per share. Adjusted net profit, 398 million, an increase of 18 p. M. When it comes to the numbers that matter, it is net new money, 6. 2 billion in net new money. Course thes of Succession Plan and julius baer. He will join me very soon in the next hour. 1. 7 years ago. To 400t this building up billion swiss francs. He joins me after 7 00 a. M. Some people say he spent two years, nearly two years, tidying it up. What will rickenbacker deliver . Million in net profits. The adjusted net profit, 390. 5. It is all about changing the nejra cehic julius baer. How changing the story act julius baer. T changing the story and julius baer. Nejra secondquarter revenue coming in at 4. 7 billion euros. Estimate with 4. 5 9 billion euros. 4. 59 billion euros. Margin ine
In europe, also eagerly anticipating the jobs report fractional losses across the board with the dax down 0. 2 a check on treasury yields, we have yields, the tenyear specifically, the lowest level since november of 2016 1. 96 on the tenyear. The 30year at 2. 47. The countdown to the employment report is on. Forecasters polled say the u. S. Likely added 165,000 nonfarm jobs in june the Unemployment Rate is expected to hold steady at 3. 6 . If those predictions are right, it wont likely be enough to discourage the fed from cutting Interest Rates later this month. Well have a lot of predictions about all of this. A developing story off the coast of gibraltar British Royal marines interce interceptintercep intercepted a super tanker they believed the super tachktar was heading to a syrian oil rig. Iran has demanded the tankers release. U. S. National security adviser john bolton praised the move calling it excellent news. Wti is down a percent. And samsung saying its Second Quarter profit
Recovers. No one knows why. The question is was it all the algos . Emma chandra is here with first word news. Vladimir putin will have one less opponent in march. Russian officials formerly formally barred the Opposition Leader from running because of a conviction in a fraud case which has been viewed as political retribution. He could have run if his conviction had been canceled. A Spokesman Says the kremlin is concerned about the possibility the u. S. Might extend sanctions against russia. That took effect in august calls for the treasury to compile a list of business asders of the Companies Seen close to the kremlin as potential targets for sanctions. Last week the u. S. Added the names of several prominent russians to the list. Almost a year into Donald Trumps presidency the border wall he passionately promoted throughout his campaign amounts to eight prototypes. No more than 30 feet long each in the desert outside san diego. No funding has been appropriate by congress to advance t