i'm anna edwards alongside guy and kriti grouped up.at driven by recovery in retail banking, we will bring you the latest numbers from the

. >> i am anna edwards. join us for the opening trade at 7:00 a.m.e in london. >> only on bloomberg. context changes eg. >> we have breaking news here. president trump signed an executive order to create a sovereign wealth fund. he made the comments to reporters at the white house and of course, we will keep you posted on this development. he is of course going to be speaking shortly and when those comments cross, we will bring them to you. in the meantime, president is making tariffs a central theme of his first few days in office. he says trade deficits are his main motivation for the levees but the u.s. lowered trade deficits with both canada and mexico compared to a lot of countries and it's one of the many reasons these tariff threats don't necessarily make a lot of sense. so let's bring in bloomberg opinion columnists john authers and we will get to that and that chart in a moment but just your initial reaction to this idea that the u.s. might have a sovereign wealth fund under this new executive order? what purpose might that serve? >> my init

i am anna edwards alongside guy johnson and kriti gupta. u.s. and european futures

i am anna edwards alongside guy johnson and kriti gupta. u.s.ry scott bessent backs a strong dollar as he looks to protect a sense of stability around economic policy. amazon work has failed to deliver. the ceo warns its cloud computing business cannot keep up with a

we have been speaking, anna edwards, to the cfo of that company.'s take a listen to that conversation reaction to the earnings. >> we call it gradual or modest recovery it is the electrification of cars in the third and china in the first six months are heavily impacted by the inventory correction of many of our customers be it on the automotive for the industrial side. we expect that inventory correction to phase out in the next month, and that is the core assumption for our yearly forecast. anna: we are talking now just moments -- tariffs would go on to china from the united states and china has retaliated with its own tariffs. you do business in china. we are thinking about the possibility of tariffs from the u.s. into europe. how concerned are you about the tariff impact on your business? >> to be very clear, a major escalation of the tariffs is not included in our guidance. because we still are not giving up and advocating for free trade . we do not see it as positive for the industry's own escalation of tariffs and counter tariffs would be ne

. >> it's clear, anna, that she recognizes that the damage that was done during her public hearing last week where she refused to call edwardole trove of secrets and then fled to russia. a traitor. and how that made republicans uncomfortable with the way she answered that line of questioning. that's why she took to the wall street journal to write that op ed, trying to clarify and explain why she was unable to take that step and officially calling him a traitor. it's unclear whether or not that's going to be enough for these members of the intelligence committee to feel comfortable enough to vote her out of committee. that's the first true test tomorrow. this is a vote that takes place behind closed doors. so theoretically, the republican members could vote no without the public knowing. but chances are she will at least get to the floor before her final confirmation is decided. anna. >> what about rfk jr? what is he facing tomorrow? >> it seems very likely that his nomination is going to come down to whether or not the republican bill cassidy of louisiana feels comfortable voting yes. cassidy could kill the rfk nomination