Gear what they just did thats getting a lot of buzz today. Then, watch out verizon. Why Silicon Valley may be asking, can you hear me now . Well explain. It is monday, july 8th Worldwide Exchange begins right now. Good morning and welcome to Worldwide Exchange im dominic chu. Brian sullivan has the day off futures right now are lower, but theyre off the worst levels of the session. Well have more on that coming up but first, to our top story this morning. One of the Worlds Largest banks announcing a massive overhaul. Deutsche bank is pulling out of its globals equities in sales and trading business as part of that move. Its an 8. 3 billion Restructuring Plan the german lender is also slashing 18,000 jobs across the globe. Cnbc is in germany in frankfurt with the latest. Why are they getting out of the stock, sales and trading biz and what are the plans reporter actually, Deutsche Bank has had quite many years now of low profitability of losses and on going problems to stay competitive with the likes of jp morgan and citi group. They came back they came from a level being a Global Investment bank but the last years have shown that this strategy didnt work at all anymore. So this is now the most traumatic overhaul we have seen from a Global Investment bank in the recent years its the biggest job cut since lehman with 18,000 people bound to leave and were hearing the first redundancies are already made in asia so Deutsche Bank is planning on creating a big bad bang for 74 billion euros worth of assets. And theyre having a new return on equity target of 8 , planning cost income ratio of 17 by 2022 so its a gigantic plan. And they have been through a lot of restructuring rounds already, so yesterday i caught up with their cfo and asked him whether this is actually really the last restructuring were going to get from the lender. Take a listen. Were very confident this is the final reorganizations. This is how we approach the next phase in our restructuring, and were determined for it to be the last reporter so the shares are actually close to record lows. The key question is whether investors are going to buy that story, whether the equity story is really going to fly given the poor track record Deutsche Bank has had in the past when promising things to investors. So a huge question here is whether or not the investors will buy into this obviously this plan is a massive undertaking, but can we also talk a little bit about just the focus that Deutsche Bank will have will they have to raise capital . And as they get out of this massive sales in u. S. Equities what does it mean the bank will focus on in the coming years reporter well, another part of that interview i asked whats the idea of the bank Going Forward . He was clearly saying they want to be the leading german bank with a global footprint. Meaning they want to concentrate on germing corporates and to deliver Investment Banking solutions to german corporates, but they will exit all other areas of Investment Banking. Theyre also planning on trimming their fic trading, for example, from a stronghold of the bank and they made loads, tons of money. You see its a recalibration of the lender they will clearly begin focussing on germany, on europe and not so much anymore on wall street back to you. Anita, thank you very much for that update on Deutsche Bank. Back on our home shores, u. S. Stock futures indicating the dow will open down by just around 70 to 80 points as investors remain on edge following fridays up beat jobs report casting even more doubt on whether or not the fed will cut Interest Rates and to what degree later on this month the bond market right now currently just about 2. 02, 2. 03 for the tenyear u. S. Treasury note yield as you can see there, a slight move lower in those yields the 2year, 1. 86 . Lets go worldwide in asia the trading was decidedly negative the nikki that japan off by half percent. The shanghai composite off by 2. 5 as well as those fed rate cut at least probabilities start to move a little bit more into the asian trade. In europe its red arrows across the board but not by a lot right now the german dax off by one quarter of one percent the ftse 100 just about flat on the day as well. Much more on those Global Markets coming up later on in the show but first, when we get back after this break, a very large landslide victory and even bigger promises from greek conservatives following that countrys National Elections well go live to athens coming up. Plus, another black eye for boeing as a key mideast carrier cancels its order for more than two dozen model 737 max jets then later on, why James Camerons spiedy sense may be tingling this morning. A very busy hour still ahead when Worldwide Exchange returns after this when you have nausea, heartburn, indigestion, upset stomach, diarrhea try new pepto liquicaps for fast relief and ultracoating. Nausea, heartburn, indigestion, upset stomach, diarrhea get powerful relief with new pepto bismol liquicaps. 5 09 a. M. Eastern time things are slightly dpark but getting brighter the lights are still up on the city that never sleeps welcome to Worldwide Exchange. Futures pointing to a lower open the dow would open by down by 84 points if the future losses carry into regular trading later on this morning. On the treasury side of things, we can see a little bit of movement in yields across the curve. Those rates are moving to the downturn ten year 2. 03 slightly 2. 03 and the twoyear Government Note yield right now 1. 85 as well. More investment and fewer taxes, thats the rallying cry behind everything from greeces conservative Party Following a landslide win over the weekend our own sylvia amaro is in athens live for us sylvia, what can you tell us about the election outcome and what does it mean for the economy and markets in greece . Reporter well, its really the return of mainstream politics here in greece after the leftist party tsipras governed greeces 2015 you must remember the protests, the confrontational tone that syriza had against all the international predators that all the austerity greece has to deal with now new conservative party, democracy coming to power. Yesterday i spoke with the next Prime MinisterKyriakos Mitsotakis and he told me that this outright majority is going to help him put all the agenda he wants in place as soon as possible i ask for a strong mandate to change the country and the greek people delivered very, very grateful for the result we won an outright majority, which was our main target. We almost reached 40 , which is an incredible number given the context of Political Landscape and i feel that i have a strong mandate to deliver on my agenda, which is an agenda to grow the economy, to create more jobs but also to make sure that the greek people feel safe again the new government will be announced tomorrow, so ill ask you for a little bit of patience for the new minister of finance. It will be sworn in on tuesday we will have our first Cabinet Meeting on wednesday and work begins as of tomorrow morning. Reporter i also asked Kyriakos Mitsotakis who is going to be the next finance minister . Theres a lot of focus on that at this stage because analysts want to understand if this person is going to be more focussed on the Banking System or rather on the Macro Economic picture as a whole we should find out who will be the next finance minister as well as the entire cabinet really this afternoon and in the shortterm what we should really watch out is the first meeting which is expected later this week and then what sort of measures Kyriakos Mitsotakis will push first. Then lets not forget as well it will be very important to look at the 2020 budget in the autumn. So silvia, what exactly can we expect from this new Prime Minister with regard to that strong mandate you spoke about i only bring it up because if we can, folks, lets take a look at a chart of the greek year the greek ten year Government Note yield. Were now sitting near historic lows for greek government bonds. It was not that long ago during the debt crisis when we were 15 in terms of yield on greek tenyear notes now were at 2. 11 that clearly means that over the course of the past few years investors have been expecting that the Greek Economy will do better is that correct to assume, silvia reporter well, absolutely. There is still some positive sentiment regarding this election if you look at the Market Reaction this morning, you see that in equities but you also see that in the bond market clearly investors are happy about this change in greece and thats because Kyriakos Mitsotakis has said that hes going to put forward probusiness measures. These include, for instance, reducing the Corporate Tax rate to 20 in the next two years he also wants to double the growth rate over the next four years. Greece is currently growing at about 2 so he wants to change that to 4 but also Kyriakos Mitsotakis wants to renegotiate some of the conditions greece has at this stage with international predators, and that includes the primary Budget Surplus target of 3. 5 that greece needs to show until 2022, in exchange for some debt relief measures but Kyriakos Mitsotakis wants to bring that threshold down so that he has more room for maneuver to invest here in greece and to keep attracting investors and investment to the country. Silvia, thank you so much for that update on the greek elections this past weekend. Sticking overseas, were following a developing story out of turkey. The lira suffering its worst day in months after turkish president erdogan fired that nations Central Bank Governor no official reason was given for that particular dismissal, but erdogan has expressed frustration with the central bank for keeping its benchmark rate at 24 since last september in order to support the lira, so Central Bank Governors around the world coming under fire from their political leaders, not just here in the u. S. But in turkey as well still on deck, the ipo rush rolls on one of the most anticipated offerings of the year making an unusual move ahead of its big debut. Plus, verizon, sprint, t mobile, at t and now google . Why Silicon Valley may be asking, can you hear me now . Orwi ehaes ck after this new align whole food probiotic. A blend of quality probiotics and fermented whole food botanicals, expertly curated to naturally support your gut health every day. Go with align whole food blend. From the pros in digestive health. They have businesses to grow customers to care for lives to get home to they use stamps. Com print discounted postage for any letter any package any time right from your computer all the Amazing Services of the post office only cheaper get our special tv offer a 4week trial plus postage and a digital scale go to stamps. Com tv and never go to the post office again all right. In Corporate News this morning, we work as reportedly seeking to raise 4 billion in debt ahead of a possible ipo. Sources say the company met with the ceos of Goldman Sachs and jp morgan to discuss the potential offering wework was recently valued at 47 billion in a private funding round. So those particularly developments certainly getting headlines. Google is denying a report in the New York Post its in talks with dish network to create a u. S. Wireless carrier the post says alphabet director and former ford ceo was speaking to dish in a statement to the website 9 to 5 google, a Spokesman Says the claims, quote unquote, are simply false. Boeing losing a big order for the 737 max to rival air bus. Saudi airline will buy 50 air bus a320 model jets in a deal around 5. 5 billion at list prices the airline had committed to buy 737 max jets just last december. So well watch boeing. Still ahead on the show, starbucks on defense after an interaction between a barista and Police Officers goes viral. Plus, why a growing number of americans say they will never retire thats according to one survey thats what he said. Worldwide ehaeetnsn stwo minutes i by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. I had a few good tricks to help hide my bladder leak pad. Like the old tunic tug. But always discreet is less bulky. And it really protects. cause it turns liquid to gel. So i have nothing to hide. Always discreet. Wanna take your xfi now you can with xfi advantage. Giving you enhanced performance and protection. When devices are connected to your homes wifi, theyre protected. Helping keep outsiders from getting inside. And if someone tries, well let you know. So you can stream, surf and game all you want, with confidence you can get coverage where you need it most. Thats xfi advantage. Make your xfi even better. Upgrade today. Call, click or visit a store. Welcome back to Worldwide Exchange. Lets get you up to speed on whats happening with the markets right now. If these future losses hold into the opening bell, you could expect to see the dow jones open down by 105 points the s p off by about 11 points and the nasdaq off by about 45 points to the Macro Markets now oil prices in focus yet again. Oil prices ticking slightly higher today flat on the session is crude 57. 52 the last trade there. Ice present crude futures up one quarter of 1 prgs, 64. 39 the last trade there in political news, congress is getting back to work this week health care topping the agenda as new poll numbers are giving President Trump reason to celebrate. Nbcs tracie potts joins us now from washington and this latest poll does have some positivity for the Administration Reporter well, it has some positivity specifically for President Trump, even though hes not doing well in some specific areas, health care you mentioned, gun violence, climate change, immigration. The poll does show, dom, that his overall Approval Rating is climbing President Trump is more popular than ever. A New Washington post abc poll gives him a 44 Approval Rating, his highest ever Americans Trust him most on the economy. Were doing better than any nation on the planet reporter but 65 believe President Trump has acted unpresident ial there are people who disapprove of the president or at least dont approve of the president S Performance who are nevertheless saying in the same poll theyre ready to vote for him. Reporter in headtohead matchups with top democrats, President Trump loses or its a virtual tie. You look at these poll numbers and its good for him, its way, way too early. Former Vice President s joe biden leads is narrowing, despite apologizing for his comments about working with segregationists. Im sorry for any of the pain or misconception they may have caused anybody but, should that misstep define 50 years of my record . F fighting for civil rights, Racial Justice in this country i hope not. He is right to recognize the impact of his words, and aapplaud him for doing that and having the courage to do that. Reporter President Trump tweeted biden is a reclamation project. But weve also got political analysts telling us, dom, biden needs to get ahead of the next big disconnect with democrats which could be his vote to support the iraq war all right, nbcs tracie potts, live in washington, d. C thank you very much for that. When we come back on the show, will they bend fed chairman j. Powell keeping investors on edge as the central bank looks less and less likely to cut rates later on this month. Plus, one of the Worlds Largest bairnks unveiling a multibillion dollar overhaul program. More on the big story out of Deutsche Bank. Later on in the show, its James Cameron versus bob iger in the race for the Biggest Box Office success could end game be the new number one nduthewldde exchange returns right after this stop struggling to clean tough messes with sprays. Try new clean freak it has th