♪ hi, good morning everybody. welcome to street signs. these are your headlines. well, getting the job done in europe following asia higher after the surprise u.s. jobs report. it's matching overnight gains with the nikkei 4% higher. >> confirms over the european steel plants. >> climbing to the top of the stock 600 as italy's economy

minister facing the financial sector. >> also coming up on the show -- portugal takes the championship with a victory over france. we bring you all the highlights. so as said, for the first time ever, ever, ever. street signs is live on facebook. so thank you to those of you who are joining us online. we'll have extra content for you during the break. stay tuned for that. we'll be passing up to the newsroom and doing interesting stuff from there. >> official media, on what's trending. >> on twitter, facebook live, all over the place now. our european equity markets this morning, kicking off the beginning of the week slightly in positive territory we're seeing. the stock shy of half a percent.

we were called a little higher. we had that much better than anticipated payroll data on friday. not too good in terms of we don't think they'll be hiking rates. somewhat of a rally we've been seeing. that's what we're seeing in the main equity markets at the moment. >> look at the top stocks. confirmed it's in talks with the toughest deal about the european steel mills. they've suspended the sale of the uk arm on friday as it looks to pursue alternative solutions for its entire european business. let's take a look at the shares trading performance. higher by 5.2%. liking what they're hearing there and taking back a volatile losses over the last two months. higher by 2%. the. >> will italian minister will be using the meeting in brussels this week to discuss the troubles facing the country's banks. that's according to an italian

paper which says the rescue fund could help expand its role to intervene. this as the government continues to hold out for a private sector solution. >> london stock exchange, both are considering lowering the minimum shareholder approval levels needed to pave the way for their merger. the final decision on the required thresholds will take place today. if the deal goes ahead, the combined group will become the world's biggest exchange by revenue. let's look at the pfrns today. higher by .6 of 1%. >> lloyds is planning to slash hundreds of millions of dollars in costs according to the ft. the state backed lender is reportedly aiming to secure an extra 20% of savings by the end of next year. it's understood that the government postponed plans to do this following the brexit referendum. looking at shares this morning in lloyds, higher by just shy of

2%. the chief strategist for ishares at black rock. good morning, ursula. >> good morning. >> thanks for being with us. very special day. we're debuting on facebook live as well. >> exciting. what do you make of the rally, first of all, that we've seen since the brexit referendum? >> absolutely. very interesting. that's one of the things we're discussing with the investors at the moment. if i look at how investors are reacting in terms of the flows, i see two main areas of attention in the market. safety is certainly one. seen an -- it's the exposure at most year to date, at most since brexit and we've seen inflows since the exposures. i see the yield in terms of -- dividend pay is and so on.

within the uk die verge ens between large cap and mid cap has been -- from a perspective as well. overall, to go back to your point, large cap are benefiting from a diversified business model, exposure to u.s. dollar, hence exposure to the weakening pound. overall, it's an interesting space to watch. >> we've been talking a lot about the inflow seen into some of the commodity stocks as well and the actual commodities as well. like gold for example. you point out that the gold commodity inflows have been really, really strong as well. is it going to continue though? >> i think the search for the diversification within investors' portfolios is likely to continue going forward. if you look at the world ahead, low growth for longer, lower return for asset classes, political races around the world. more digital -- after brexit. i think gold will certainly

continue to be at play in the investors' minds. i couldn't agree more if i look at the numbers that have gone into exchange products on the underlying. 20% of flows vis-a-vis the -- around 3%. so the momentum there is significant. i think it's going to continue. >> you know what's interesting to me about what we saw on friday, not only the rally in equity markets but the rally in bond prices. i just wonder at what point going forward actually that rally in bonds becomes a problem for equity investors. it's interesting in terms of your flows for the first half of the year, fixed income flows dwarfed equities, didn't they? >> i agree with you. it's very interesting to see how we're seeing a rally of fixed income and that at the same time. if i like at etp flows, yes, there is something special going on. in terms of overall flows in the

market, we're at par where we were at this point in the year in 2014 and 2013. we're below last year and that's due to the equity point you're making. in terms of flows vis-a-vis last year, 20% -- 156% in fixed income. so, yes, i think there is two main stories going on there. the first one is adoption. investors are really starting to use exchange products to access fixed income. think about the benefits of having an exchange traded -- track an asset class. that's definitely part of the story. the second one, which is the one you're pointing to, is really the hunger for yield and the fact that investors need to somehow match liabilities, think about pension funds or insurance companies and they just need that type of income into their portfolio. they move that into the spectrum, think about high yield

investment grade. they have been massive this year. >> expectation of central bank activity too. we'll come back to that. you're staying with us, of course. let's move on to the other top stories. angela merkel is expecting the uk to kick off exit negotiations as soon as a new prime minister is in place. speaking to national broadcasters, the german chancellor warned britain would have to accept the good with the bad in its future relationship with the bloc. >> we have spoken to britain and made clear there will be no negotiations with britain until they have made their application and there will be no cherry picking. >> the conservative party leadership candidate andrea led some apologize to her rival with comments she's made about motherhood. she said being a mother made her better qualified to run the country over her who doesn't have any children. she said she was sorry for any

hurt caused. maize was grateful for the apology. her challenge against jeremy corbin, she intends to quote, save the labor party. the former business secretary is expected to face protests from labor voters in her constituent si of -- speaking to them on sunday, eagle expressed her views on the opposition leader. >> he's not a bad man. he's not a leader, though. he doesn't connect with labor voters. he doesn't connect enough to win an election and doesn't reach out to other parts of party. he's lost the confidence of his parliamentary colleague. >> i mean, there's still a lot of uncertainty, i have to say it's quickly kind of when you look at what the press is saying at the moment, theresa may seemingly very much in the lead: i'm not sure whether that's

easier for harder for the markets to think about the next couple of months. does it feel like there's less uncertainty? >> i think at global level, uncertainty remains. i was fascinated by seeing the reaction to brexit, which was somehow subdued. if you look at the number of -- where they've moved above 2%, where volatility is bubbling above the surface, i wouldn't relax in that respect. investors are reacting to -- >> look at what we saw the gain in the u.s. markets on friday. we've recouped all the losses post that brexit vote. i wonder if this thing drags on and one bank suggested to me on friday, this could dragon for five years. the uk and the negotiations with the eu. whether it's a localized problem in terms of volatility and whatever we see in terms of a

dent to equity markets and other markets globally actually. whether we can set that aside. >> fascinating point. i think that is a possibility equally if i look around the world, there are an awful lot of questions out there. i will go back to u.s. election. that will be another big one people will look at and prepare for. i think there are a lot of uncertainties in this woshltd even outside of -- >> is there an element we're back to sitting on cash now or investors don't want to sit on cash or put money to use? >> i think there's been a change since brexit. i go back to reports that came out in the last few weeks. barclay's estimates $140 billion in cash, bank of america, merrill lynch, approximately 5% of front management assets in cash. you find it -- what happened there, i give you a few points so you can draw your con clupgs. if you look at the average daily

volumes for exchange traded products, our range in europe, five times the average of what we saw in june. everybody is coming back and actually thinking about, okay, i now know what has happened. i go out -- i want to do something. >> we've had 17 central banks globally easing in some way since that vote. we've got japan talking about things overnight, potentially the bachk of england cutting rates. to what extent is this about central banks are going to back us up. >> completely, there is that discussion. i think longer term, the markets perceive that the room for central bank intervention is coming close to an end. obviously, every step is a step forward towards kind of a limit. but on the tactical point, from a shorter term perspective, i agree with you. >> we've got equity markets, stimulus coming from central banks, the likes of the fed here

going even looking at payroll reports on friday, it's better. they average 150k. it doesn't scream let's start hiking rates again. >> i agree. that's where you see emerging markets, for example and performancewise. >> i agree with you. >> stay with us ursula. we're going to be talking a lot more about markets coming up. if you want to find us, we're on facebook live as said throughout the entire week. you can also find us as usual on twitter. >> or at luis a boris. i'm happy to take questions and get them to our guests. nato leaders met in warsaw over the weekend. they agreed to send troops to europe as a deterrent to russia. moscow wasn't the only thing discussed at the sum mitt. brexit was widely spoken about by pretty much everyone. hadley was at the summit. she joins us now. >> good morning. >> russia, brexit, take your

pick. >> it's interesting, because on the whole, this was supposed to be about strategy, wasn't it? it was supposed to be about what happens next with russia, managing to deter vladimir putin without antagonizing him. but at the same time, it was surrounding brexit. what that means for nato and also the european countries, defense spending, what did this mean for trade relationship and basically they were telling me, we have to make them pay. it's going to be about the price tag really for the access to the single market and without freedom of movement or other things they want to get rid of. the big question going forward is what happens next and when. >> in terms of some of the messages that were given by the leaders, i mean, spoke to the lithuanian prime minister and her message was what? >> basically this model that everyone is talking about. going to be the norwegian model. it's going to have to be a british model. british specific, essentially. also, everyone trying to unify

or at least give that appearance of unity. i also asked theutch foreign minister about this. take a listen to what he said. >> it's not a matter of making it tough for the uk. the uk has taken a decision, at least the people of the uk have done. now their leadership seems to be in disarray. of course, we want a good relationship with the united kingdom. i'm from the netherlands. we have strong relationships in many, many areas. they're our friends. i hope the vacuum that has now been created is not taking too long. i hope at the same time, that it will be possible to find a good agreement. but, of course, europe takes the signals very seriously. also in our own countries. i think people see at the same time, a referendum where people have to vote yes or no, member or not member, actually all be satisfied. they want a better europe. >> are we going to see a better -- >> i think it's unlikely. i don't know obviously.

presently the laws we have do not make that possible. only about new laws. but i think people will also see that a referendum in itself is not solving our problems. look at the uk. look at all these political leaders that said we have to get out and then leave the terrain and the country is in disarray. that's a lesson also. i think people want to better europe where europe is more effective on migration, on foreign policy and also on the social aspect of europe. i think we have had the presidency in the last six months, i'm also saying to the viewers who think forget it, we're still there. we're not a museum. we're working hard together. in a very unstable environment. it is important to work together. >> you don't anticipate that brussels is going to make it necessarily difficult for the uk here? you don't anticipate they're going to try and use this divorce as a deterrent to other countries from seeking --

>> look, i mean, divorces are the worst when they become fighting divorces. there is not an idea to make it harder or softer. we simply have some rules of the game. if you want to leave, it means that you leave. that means you have to renegotiate. it's not about making it harder or softer. the uk are our friends and we want a good deal. but a good deal for all of us, not only for the united kingdom. >> now, we're going to be heading out get an update later. david cameron is also there flying the flag for uk business. they have announced deals in the last few moments and it's good news for boeing, they've sealed a deal for maritime control planes, the kingoff announcing a $2.3 billion to buy 50 boeing apache helicopters. good news from the uk government for boeing this morning. hadley, let's go back to you. you mentioned russian aggression and the buildup of troops of

course, nato troops in ern europe. they've argued that their activities have always been a response to nato aggression rather than vice versa. >> that's true. it's interesting we're coming close to the elections and the presidential elections. that plays into the domestic narrative for vladimir putin. the fallout from brexit isn't just talking about trade deals or what this means for the eu as a whole. this is a bigger conversation about security and migrant flows and what happens in the middle east. what we've seen seen is that isis is losing ground or territory. what does that mean? it means the fighters, the prolific and dangerous of which, many coming from russia, chechnya will eventually start going home. in terms of the security aspect, whether you're in the united kingdom, whether you're in europe or russia, there's going to have to be cohesion in how they deal with this. it was interesting, i asked also

the nato ministers, i asked them what's happening in your country with response to nato, how worried are you? take a listen. >> it's not about hard line against russia. it's realistic line securing eastern frank of nato and including our region. >> our sanctions policy is one that nobody likes because it hurts others. but i think it works. never approve of that. but i think it is important to show that after all the rules of the game, after the second world war on territorial integrity and rules of violence have been violated. we have to do it and it will lead to productive reactions from the russian side. >> on the border with russia, is 1,340 kilometers. it is more than the eu and nato countries have together. that is very important. russia is a big issue. >> even this year, we have had

more than 200 cash umts by ukrainian servicemen. we have had more than 600 people wounded. i hope to see dialog and i hope to see reactions by russia to show that they really are willing to come back to the international scene. >> to involve russia in discussions and exchange it important. russia is a major player in other areas of conflict in the world. but we cannot back up and i don't think there will be momentum for backing up on the sanction even if britain are leaving the eu until we see movement. >> essentially these folks are telling me that, in spite of the rhetoric and the political situation, whether in europe or the uk or russia, this dialog is extremely important and for security, it's something that has to continue. >> hadley, thank you very much.

lots of meetings here over the weekend by the sounds of things. let's take a look at our european equity markets. we're up by 1.5%. like the dax. for facebook viewers, stay tuned for more where you should be investing. that's coming up during the break. we'll see you in a couple minutes but more on facebook live. it's not an anti aging face cream 's realizing beauty, doesn't stop at my chi roc's formula adapts to delicate in areas. my fine linehere, visibly reduced in 4 weeks. ches neck d face cream from c. methods, not miracles.

the ruling coalition swept to a landslide victory in japan's upper house elections. the prime minister signaled his intent for a fresh fiscal stimulus package following the result. this report was filed. >> the margin of victory certainly the big headline out of the upper house election over

the weekend. prime minister abe's ruling party was expected to win big. but with the help of its coalition partners, they were able to turn this victory into a landslide. that victory, though, not necessarily seen as an endorsement of it, but an indictment of the opposition. there wasn't an attractive alternative voters felt. when you look at the polling, 8% of voters supported abenomics and the economic policies. the ruling coalition has a 2/3 majority in both houses of parliament now. prime minister abe faces a tough task of getting his economic policies back on track. following up on the promises he made on the campaign trail. specifically, he'll have to address how he plans to make up for a revenue shortfall with public debt now more than 2.5% of gdp. we spoke with jeff kingston of temple university earlier today. he says abe will face structure

when he plans to pass the so-called third arrow of abenomics. take a listen. >> generally speaking, they want abe to deliver on his promises. they're wondering how are you going to make up for the revenue shortfall without going ahead with the consumption tax increase and what about the loss on the national pension loss that has abe's fingerprints all over it? he's got some tough questions ahead and people are waiting for him to do something called structural reforms to so-called third arrow. >> the first step will be passing an stimulus package in the 10 trillion yen. it's expected to be largely focused on infrastructure projects and gepting more women in the workforce. as for the issue of constitutional reform, yes, the ruling coalition does now have a 2/3 majority in both houses of parliament which means they can push forward with the discussion of revising the constitution.

this is something abe has been focused on from the beginning. revoking that pacifist article 9. this isn't a blank check for abe. even within the ruling coalition, there are some disagreements as to how they should go about that. keep in mind, any kind of revision will have to be put to a public vote and national referendum. opinion polls have consistently showed that the public remains largely opposed to any kind of constitutional revision. akiko fujita, cnbc, tokyo. the liberal national coalition reportedly won enough seats for a majority government. what's been one of the tightest elections in australia's history will thank the people as he declared victory for his coalition. >> for the most important people to thank are the australian people. because we have resolved this election, we've gone through this election with fiercely fought arguments, issues of

policy, issues of principle. we've done so peacefully and constructively. >> ursula is still with us. she's from black rock. we were just talking about uncertainty, political uncertainty. a bit less uncertainty from the australian by the looks of things. how do you think emerging markets will react from both growth uncertainty as well as brexit uncertainty, too? >> when i think about the markets, i look at three things. the fed, where the dollar is going. oil and certainly china. we saw data out over the weekend and more later in the week. when you couple the three together, having a stabilization in chiep from a data perspective and equally, a price of oil that remains stable, nigeria, saudi arabia or iran starting to pump more. they will remain key. in terms of fed, we've discussed

the probability of a hike. despite the great numbers on friday. i think the emerging markets can continue to be in a sweet spot. these are the three big sign posts. >> great to talk to you. chief strategist at black rock. we'll take a quick break. but coming up, taking flight. we'll bring you the latest deals from the world's biggest air show. for our facebook viewers, stay tuned for more aviation advances during the break.

signs. i'm julia chatterley. these are your headlines. getting the job done. europe follows asia higher following the surprise u.s. jobs report. fails to match overnight gains

with the nikkei closing 4% higher. the german industrial group confirms talks over the european steel plants. climbs to the top of the stock 600. italy's economy minister reportedly heads to brussels to tackle the woes facing the financial sector. also, coming up on the show -- >> portugal takes the euro 2016 championship with an extra time victory goal over host nation france. we'll be bringing you all the highlights. welcome back to street signs. let my give you a look at the u.s. futures this morning. probably as expected, they're tilted to the topside here. gains of, what, .3 of a percent there. across the board. the second straight week of gains for the u.s. majors. in fact, the dow closing less than 1% off its record close.

the highest level since may of last year, thanks to that better than expected payrolls number. we were saying earlier in the show, a bit of a sweet spot. not enough to gallon van eyes the feds. european markets pointing high. .5 of a percent higher. the basic resources and the dollar slightly weaker. sorry, slightly stronger in the session. you can look at foreign exchanges to give you a benchmark as a comparison. we've got dollar yen in particular, the one to watch here. just below 102. the figure hopes of stimulus from the japanese overnight thanks to the upper house election. >> definitely. most definitely. talk more about the banks. the chief of commerce at deutsche bank called for a bailout of europe's banks. there was a concern over a

number of toxic lenders weighing down the system saying, quote, europe is extremely sick and has to deal with its problems extremely quickly or there might be an accident. he doesn't expect a sudden shock like the 2008 financial crisis but a slow long downward spiral. >> head of daniel stuart is here. what do you think of that? we've got stress tests later on this month. 150 billion euros. >> the stress test coming up again. will it look better or worse than last year? i think it's not hard to take a view. the italian banks clearly in the news the last week or so. had issues with deutsche bank earlier in the year. >> ongoing issues are deutsche bank. i mean, ubs credit swiss all at record lows. >> not going away any time soon, particularly with deutsche bank.

150 billion euros to help capitalize the european banks. in this week's economists suggesting that some people believe the italian banks could do with 200 billion themselves to recap tal lies. >> why are we finding this out now? shouldn't that have shown up in the past? >> meticulous, being the key word. >> they've got 200 billion if they're really bad of loans which is the bad nonperforming loans and they're 59% provisioned for. i'm not sure i buy that 200 billion euros. >> as you say -- >> there's a lot of speculation out there. actually quite frankly, been helpful. >> that's a fair comment. markets often, it's not unusual for markets to overreact. is this a second -- rerun of the financial crisis? in my view, it's not nearly as bad as that.

if you look at banks recap talized, the interest rates are low. that said, just as governments have been juggling balls with their deficit, low interest rates, banks are still working out the issues and the issues that they were facing ten years ago. nine years ago from august '07 when they first intervened. look at rbs, we knew it would be -- did we really think that nine years on they'd still have -- >> at what point do they sold off so much that there's value here trading at a fraction of the book value like some of the banks. >> we look at mont pasco. price to book, price to -- not .1. >> yes.

>> it's -- >> the german banks, the french banks, before the actual brexit -- i don't know if you can call it crisis. before the lack of confidence, the lack of it, a lot of people were wondering whether we'd see the carpet lifted for the larger german banks as well. some were mentioning the n french banks. do you think we'll have to go through that exercise? >> yes. you asked about why we're looking that the here and now post the financial crisis. the americans sorted their banks, their financial system over the first to do it. retrenched in europe back to the states. get it sorted. and they're now, they've been expanding and square the lending book. the uk and the swiss were sort of second and third. but the scale at the changing regulation in the uk, the so-called gold plated or rolls-royce regulation on

capital, the higher the capital base required for each hundred pounds of loans, then the less you can lend. so either that's one of the reasons why loan growth and therefore pdp growth has been very much constrained and at the same time, it's like the american banks to come back and cherry pick on the business they want to grow into. no great surprise that eu banks are -- it took them longer than it did the americans in the uk because everything, frankly everything in the eu takes eurozone takes longer because of the nature of the beast. >> do you think if italy comes in here and i don't know how they're going to do it given what you said about the issues in regulation that's backed them into a corner. let's say they came out with a viable plan and said this is what we're going to do about the banks. do you think there would be a sigh of relief across the broader european bank stocks where all shares and lift.

>> yes. it would be natural to expect that. my only observation would be firstly if you look at the scale of the bad debts of the italian banks and the context of the whole banking system and in the context of gdp, but i think that's a fair comment. if you look at the irish banks post the financial crisis, they effectively nationalized a huge chunk of, well, property created -- the property bad assets and lo and behold, they've been a more flexible economy. turned around a bit. you get, fair to say, can't say voter -- but they value investors come in to buy those assets and -- >> the problem with italy, they doont that. can't spend x percent of it. they have to kill retail investors in order to achieve it. >> absolutely. >> what's the solution? >> we have to -- >> i think what is the solution,

and ramsey faces election in the autumn. it's not going to be too much too soon. juggle some balls and find a way to muddle through. so -- >> major juggling going on. thank you so much, simon willis head of research at daniel stewart. >> sack ray blue. an extra time winner. we'll get the highlights after this. also for facebook viewers, stay tuned for more coverage here during the break. we'll be right back.

to the white house from spain one day early to deliver remarks at a memorial service in dallas on tuesday. nbc's edward lawrence is in washington with the latest. edward? >> reporter: louisa, the

president wakes up this morning in the white house. he'll be briefed on the latest in the dallas investigation where five police officers were killed. now the president turns his attention to healing the nation while trying to balance the call for justice from the black lives matter movement. the president will go on tuesday to an interfaith memorial service for the victims in dallas. the dallas police chief saying that the suspect in that case, micah johnson, had sinister motives for his city. the police chief adding that the suspect practiced in his backyard military movements, also with explosives. the police chief saying that micah johnson had enough explosive suss to be quote devastating for the city. meanwhile, protests erupted over the weekend across the country, specifically in states with police shootings, minnesota and louisiana. but also other large cities joined in, new york, los angeles, washington, d.c., chicago, memphis all seeing protests there. the president still facing questions about the feeling that

he sides among -- among law enforcement that he sides more among activists than police. >> let's ask you a quick question about social media. to ex at the present time is this changing the landscape? we saw the incidents broadcast live on social media and saw a lot of twitter traffic over the weekend with videos of protesters too. do you think this is helping to inflame the tensions here? >> maybe not inflame but bringing to light some of the things that have happened in the united states. in other cases the black lives matter movement protesters have said that if this video, if the facebook live video, for instance, in the minneapolis or outside the minneapolis area didn't exist, then we may never have known what actually happened there. same with the social media video that happened in baton rouge, louisiana. so activists are saying that this is an important tool that has happened to show exactly the racial divide in the united states, to show what's happening

when police officers address people of color in this nation. now, on the flip side of that, there are people in the law enforcement community that do say this incompetent flames what's going on. that it shows more people a one-sided view. what it is doing is giving more voice to more citizens. we're seeing a lot of citizen journalists out there, especially during those protests either using social media platform or the live platforms like facebook live. >> some great points there. thank you so much. let's move on. nine people killed and 18 others missing after a super typhoon devastated southeastern china over the weekend. according to the chinese civil affairs ministry, the storm caused approximately $135 million in damage and destroyed more than 900 homes. heavy fighting has ee ruchted in south sudan after

clashes. it left scores dead. the u.n. asked for both sides to end violence. thousands of venezuelans crossed the border in colombia to buy food and medicine. they've had a severe economic crisis that's plagued them with shortages. they closed the border crossing last year following an attack against border guards patrolling the area. 11 people have been gored over four days at this year's run of the bulls in pamplona, spain. all but one remain hospitalized. meanwhile, a spanish matador was gored to death on life spannish television. the first matador killed in the ring in more than 30 years. wow, those are brave people. >> why would do you it? >> excitement. >> they have sharp things. >> i'm not saying i'll do it. >> count me out, right? let's show you the european

equity markets. we're trading higher across the board on all of the europeans. over 1% when it comes to the -- still hanging on to slight green. the bond markets, we saw the dutch tenure yield negative for the first time ever. 0.004% and minus was the level we hit there. we continue to be flirting with the all-time lows on yields pretty much across the board. now, in sports, andy murray won a second wimbledon title after defeating big serving canadian roenick in straight sets. it was never in doubt. the win sees the scot scooping a cool 2 million pounds for his effort. in the women's final, serena williams going tore a 22nd grand slam win, equaling steffi graf's

open era. >> won in straight sets among one of the greatest players in tennis history. >> did you watch? >> yeah. >> i did. amazing. i was emotional watching him at the end. he was actually sobbing. his shoulders were shaking. >> there was a lot of emotion yesterday. >> he's so stone cold sober normally. seeing that shift was interesting. i have to show you very quickly, bawling like a baby. look at the sun headline. can you see it really quickly? >> new bawls please. they are quite clever. >> they win first prize for the headlines. >> portugal sealed their title after they won in the paris final. it was a tough start for the winners who won their star player rinaldo. he limped off in tears following a crunching tackle. with penalties beckoning,

substitute -- popped up with a long-range strike deep into extra time to break french hearts and send portuguese fans into ecstasy. the bleacher report, we're joined now. dean, great to have you on. >> what did you make of the final? i saw a comment on twitter saying when are they going to sub andy murray on? >> it wasn't a great game. a lot of the matches were expecting hype and excitement and the star players to show up. it didn't happen. when rinaldo left the field, it was everyone's biggest fear. that was the big name of the day. everybody wanted to see him do it in a big final. he limped off. portugal came through without him. >> were they lucky? >> not in this game. they were luck toy get to the final. won one match in 90 minutes. drew six matches within a 90-minute period. that's not great form. but they showed this stubbornness and team mentality

that no other team had. >> a lot of people calling it the rinaldo final in the papers this morning. was it all really about him? >> yeah. it's kind of crazy. he didn't really play. it was his final. >> calling the coach. >> that's what happened, isn't it? he came off the field, he was injured. we worried about his knee and how bad the injury was going to be. by the end of the match, he was coaching from the technical area and pointing out what everybody else should be doing. the manager could have sat down himself and left it to rinaldo. i have to say what about wales? what about iceland as teams that actually have no rinaldo. i suppose gareth, the wales team. in terms of team spirit, they proved a great deal of heart. >> the fact that no superstars really shone, like wales and iceland, nobody expected anything of, we were happy to dismiss them early in the tournament in the group stages and they just showed this belief and mentality that actually

togetherness can get you through the matches. part of a team plan does work if -- england didn't carry through their own game plan, that's why we ultimately failed. >> i mean, the most disappointing team. the first two matches, i thought we were starting to look good, then necessity didn't follow the instructions. >> what happened to france? >> in the final? >> yes. >> i think they lost their way. they stuck with the same team for the last three matches. i think that was the right thing to do. but ultimately, in the final, i think the man that could have changed things, they played him very deep in that match. he was the one who needed to dictate play. ultimately, their two strikers didn't really put in good performances either. antoine graze man, he won the golden boot. he was the top scorer in the tournament. he had two good opportunities, couldn't find a target. he didn't really turn up either. >> it's not fair to look at the game and say it's not a good game and portugal didn't play

well. they did win. >> what an exciting final. >> you want an exciting final. >> this is the final. >> could france have done more? >> they could have done more in terms of attacking. portugal defended really well. that's another thing that came out of the tournament. nobody wants to see good defensive performances. they're not exciting to watch. portugal defended brilliantly. the midfield defended the goalkeeper who also had a brilliant game. that's why france ultimately couldn't get through. >> who were you banking on? >> england early on. germany were the best team in my opinion throughout the tournament and they would have deserved it. france should have taken that final and they didn't. >> thank you very much. dean jones, football insider from bleacher report. let's give you a look at the european markets. shy of 2% higher for the stocks. europe 600 across the board gains for the individual sectors. the banks higher, the -- higher

by at one point 4%. let me give you a look at the top stocks this morning and the big movers. tis ins group is in talks about the european steel mills. they've suspended the sale of the ailing uk arm on friday as it looks to pursue alternative solutions for its entire european business. a quick look at the shares this morning. higher by just shy of 5%. >> they will use the meet not guilty brussels this week to discuss the troubles facing the country's banks. that's according to an italian bank who said they could expand its role to intervene. this as the government is continuing to hold out for private sector solution. >> deutsche -- the london stock exchange considering lowering the minimum shareholder approval levels need today pave the way for nair merger. a final decision on the company's respective required

thresholds will take place today. if the deal goes ahead, the combined group will become the world's biggest exchange by revenue. let's take a quick look. deutsche borerse people are talking about the housing market as well. the housing market has shown signs of improvement, consistent through the quarter between 2013 to '16. the feds take on the increase is -- especially the job market numbers. >> what about the markets take? >> the markets take -- >> pricing tool. >> back end of next year. >> it has been pushed way out. if that changes in the states based on what happens on the back of the brexit vote here with the housing market and

whether or not we see the bank of england. >> it is interesting. >> we have a whole host of feds -- be interesting to see how they calibrate the response. it was a 50/50 split on those concerned with the u.s. labor market. post the payrolls data. 38k last month is an outlier, 287k last month in june. outlier too. who knows look at the average. 150k, they ain't hiking any time soon. >> the implied open, 4 1/2 hours away, we're pointing a little bit higher. that's what we're looking at on the back of a positive start here in europe. we're going to head out to farm bureau. we were waiting for uk prime minister david cameron to arrive. phil lebeau is giving us an update. we've heard some things. good news for boeing.

>> reporter: it is good news. i think a lot of people had questions because of everything going on with brexit, because of the questions about the economy over here, what might happen in the future. some things won't change, including the fact that boeing had been in negotiations with the uk government for adding jobs here, which is what they're doing, which is what -- you see all the people here. a number of military dignitary or executives, they'll be here for a photo opportunity with david cameron and the ceo of boeing talking about this expanded opportunity that boeing sees in the uk. adding jobs. the jobs will be focused around support and services. the uk ordered nine of those aircraft and they're going to be going and joining the britain military. so that's part of the services contract that has just been announced by boeing. we're waiting for the prime minister.

our expectation is that he will be here along with dennis mullen berg, ceo of boeing in just a few minutes. it's an air show, guys. wouldn't be an air show without a few planes flying overhead. don't forget, coming up in a few minutes, ach he meets with the uk prime minister, we'll be talking with dennis muhlenberg first here on cnbc about this jobs announcement and about the futures -- >> briefly, do you think we'll hear more about this during the air show? >> reporter: probably not much more. i think boeing's position is pretty clear. the new deal that has been agreed to between the united states and their allies and iran, once that nuclear deal went into place, it would eventually open up that market for the united states for businesses and boeing, being the first one, is sort of that

litmus test, if you will. keep in mind that the house of representatives passing the amendments that blocks a sale to iran, that's only one potential hurdle. you have to haefr from the senate and a number of other things have to happen in washington and there's a lot of posturing going on. i'm not sure how much more we'll hear from boeing here at the air show about that. >> thanks, phil. $25 billion deal. that's a huge deal. >> i know. more from farn borrow to come this week. that's it for today's show. thanks for watching to regular viewers and also to our viewers on facebook. >> keep your questions and comments coming through on facebook live or on twitter as usual. >> worldwide exchange coming up in a few moments.

breaking overnight. the nikkei soars as prime minister shinzo abe claims a landslide victory in upper house elections. new this morning, the farnborough air show taking off. big planes and bigger deals. the ceos of boeing and lockheed martin join us first on cnbc. elon musk, tweets about a new master plan suggesting details could come this week. it's monday, july 11, 2016. worldwide exchange begins right now. ♪ ♪