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everyone. you are in the cnn newsroom i m alison camerota in new york. tonight as president biden and democrats are scrambling to contain the fallout from this week s presidential debate. there s another blockbuster prevent on the horizon. the supreme court is set to end its term monday with what will be one of the most consequential decisions in american history can former president trump assert presidential immunity in the federal election subversion case concerning january 6. the implications are hard to overstate legally and politically and that s not the only major decision coming down from the court this week. cnn supreme court analyst joan biskupic joins us now joan, great to see you. i know it s a huge week. so let s start help us put this immunity ruling in context. what are the implications? sure. it s so good to be with you, allison you know, we re on the very last de and 48 hours. the supreme court will answer a question that hit is never addressed before, ....
An historic and agreement on Irans Nuclear program. The u. S. And other global powers will ease sanctions that have crippled irans economy. That is likely to lead to iran selling more oil, sending the price of oil down by the most in a week. It will have a 60 day review by congress. Israel says it will lobby american lawmakers to reject it. We will hear from president obama in about an hour. You can watch it on bloomberg tv at 7 00 eastern time. Greeces Prime Minister will not be able to count on his own coalition to support pension costs and tax hikes. Tsipras admits the austerity measures to Parliament Today will be set for tomorrow. Lawmakers must approve the legislation before talks on a new bailout. Paul krugman told Bloomberg Europe wanted to less screen to ....
Welcome to countdown. Im anna edwards. Ryan and i am ryan chilcote. Anna we have numbers on the swiss wealth manager. The distant profit before tax is 128 million swiss francs. Here is the key number. 1. 4 million. Ryan 284 billion swiss franc second of april. Anna the big story around this business is around m a in both senses of the word really of whether anyone would be arrested in buying this business wednesday settled there outstanding issues and indeed what they might be interested by. Ryan indeed. They are about when billion dollars worth of cash they could deploy. We are seeing holds on acquisitions. Definitely something we will be speaking with the ceo. Anna lets talk but u. S. Equity markets. Fascinating moves. The great takes opening up in a limited fashion this morning. Seems the equity markets are trying to move on from that story. Anna ryan a remarkable story. Looks like investors have moved on. Anna 100 of the s p 500 reported this weeks earnings very much a focus. Lets ....
Francine welcome to the pulse. I am francine lacqua. Manus i am manus cranny. Next 40 course of the minutes, we are joined by unicredit chief, it is erik nilsson in the house. Francine first, china stocks posted the biggest two day climb. Manus it rallied on news the government is considering shipping two major companies. Francine after data shows a large drop in it worse last month with the steepest decline in nearly six years. Curranef economist enda joins us. What do the figures tell us about economy . Enda curran a very soft reading. Some of chinas biggest customers. Illustrate how soft chinas economy is when you strip away the impact of the big stockmarket boom we had in the second quarter. Left with a lot of sluggish areas like manufacturing and factories and real estate sector. Car sales falling for the first time in 17 years. To one ofn on exports the big engines of growth for china. Into the second half of the year, pretty sluggish outlook right now. Manus lets talk about the ....
In more hours. Elliott will beginning us an update on what we are seeing. It will take operations elsewhere if no agreement is this is deval 2. 0. Reached. Caroline lets return to china. You can see what is happening. Lets get back to our top story. The Dollar Strengthening. Here is what our guest has been telling us about the yuans he seems to be the safety trade around the world. Continued plunge. Week exports were part of the a really sharp pickup in the currency for a second day. Reason. The central bank would never admit it. I dont think this is the only we have got the secondbiggest amount we have seen in two decades. Reason. I think the and imf i think the imf factor is important. Market. To feed the china wants to get this in the basket. Go off schools that market will have a bigger say in setting the rate. Have removed. I want to give historical they can take this currency context. Wherever they want. They claim it is a ....