About this episode
Wall Street recovers. The Dow jumps 300 points, rebounding from U.S. stocks’ worst day of 2019. The picture in Asia, however, is more mixed with China setting the yuan fix at a weaker-than-expected level. President Trump’s team has played down concerns over an entrenched trade war, with National Economic Council director Larry Kudlow telling CNBC he would like to continue negotiations. The New Zealand central bank shocks the market with a half-point rate cut. And banks dominate the earnings releases in Europe with Commerzbank warning its full-year income has become significantly more ambitious. The low-rate environment forces Unicredit to cut its full-year guidance. Finally, we speak to the CFO of retail giant Ahold Delhaize who tells the show he does not see a big impact from tariffs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .