head of fixed income at hermes.ean market open is up next. >> good morning, we are live from our european headquarters. guy johnson is out this week. the cash trade is less than 30 minutes away. ♪ the italian side continues. -- isesident is billy willing to promote a new cabinet. all eyes on the league leader and his next move.

hermes --ry looks at works at hermes investment management.e people will say that mark carney is the unreliable boyfriend. it is getting more difficult for carney every time he turns around. ew: carney might say, if parliament gets their act together, it could make his job easier. he will always be hostage to regardingts, well-planned interest rate policy in the short-term. he wants to put interest rates up. he wants to move to a more normal situation on interest rates. i doubt that any central banker wants to be going into a recession when there is a domestic or global one with great at such a low level. -- with rates at such a low level. given what the u.k. faces youthe uncertainty, do think the window is closed for the u.k. to enact another interest rate hike? do you think it could come in august were the end of this year? andrw i would say the next couple of yearew: -- andrew: i would say the next couple of years. brexit continues to overwhelm everything else. the economy isn't turning down quite yet. i think he would like to raise interes

royal family like china's a and also service capital but criticism is mounting you have the likes of hermes that's an investor from the u.k. saying that a succession plan should be in place to replace acolyte so he may survive he may survive today but it's hard to tell how long after. thank you. washington is looking into imposing new tariffs on foreign vehicles it claims it has evidence that car imports have damaged the domestic industry so it's examining whether foreign vehicles are weakening the u.s. economy and in turn impact national security. ministration has used the same legal argument when imposing steel and. german cars remain popular in the united states that's a thorn in the side of u.s. president donald trump who maintains that foreign imports have ever voted to the domestic car industry over the past two decades u.s. car imports have risen by fifty percent while the number of workers in american car plants has been falling german factories in the u.s. have thousands of new hires german auto makers accounted for one in six jobs in the u.s. car industry but now donald trump is r

still with us, andrew perry, head of sustainable investing at hermes investment management.hrough a transition where everyone had to recalibrate and that comes with a little volatility. especially if you are a systematic investor. you had to recalibrate and according to jpmorgan's model, they are one of the major reasons we saw 10 year yields push to 3%. you can really see this in the chart. i brought with me a trend following rates in the white line. blue line, 10 year yields. the red line is about when jpmorgan says they slept. -- flipped. after they flipped from a neutral to short treasury position, the 10 year yield rose for six consecutive days. they are saying look, this is more of a technical reason that treasury yields are rising versus any fundamental reason because it is quant driven. matt: andrew, what is your thought on the rate situation? is it in flux or can you get a steady trend that it? andrew: to pick up on what dani was saying, we have been in an environment where suppressed levels of volatility really force people into momentum trades and it is not a surp

(herm) (herm) (justine) firefighters (justine) (justine) firefighters tell us this fire in san francisco's potero hill was an aggressive fire. but they were able to keep it under control without anyone getting injured. and they kept it from spreading to neighborhing home. the cause of the fire is under investigation. (jr) officers say a man in marin county crossed the line with a teenage girl. police in corte madera are looking for the man they say exposed himself to a 16- year-old girl last night near a pharmacy. (justine the incident happened just after eight o'clock inside the rite aid store. kron four's philippe djegal reports from the scene of the crime shares a look at the alleged suspect. (philippe) an innocent trip down the cosmetics aisle inside rite aid friday night results in more than a 16- year-old girl bargained for... mishka navarre/shopper- "that's a little terrifying." the central marin police authority says surviellance video at town centre corte madera captured the disturbing incident just before 8-30 in the evening. the man pictured here intentionally following the vict

that's j.lo rocking a $19,000 hermes as a gym bag. and jenny's got plenty of dinero. music video drops today and is anything but modest. ♪ i just want the money >> you have a $19,000 gym bag, right? >> you gave it to me. no, seriously, will they just get married? >> i know. go ahead. >>> coming up -- bachelor arie blinsides becca again. >> i just found that out. >> why some sail he's trying to steal her thunder before monday's big premiere and how she may get the last laugh. >>> then -- ♪ >> the best video you'll see all day. chris hemsworth rocks out with his kids. stay tuned to see the unexpected cameo. >>> our own keltie knight talked to the first time about battling a rare thy yoid disease. for mor taco taco are you one of the millions of americans living with a taco obsession? my $3 taco deal with three of the tacos you love and a refreshing drink can help. try my $3 taco deal today. clear! taco! taco! new at jack in the box. has your love for tacos turned into an obsession?. my $3 taco deal with three of the tacos you love and a refreshing drink can help. try my

that's j.lo rocking a $19,000 hermes as a gym bag. and jenny's got plenty of dinero.ew music video drops today and is anything but modest. ♪ i just want the money >> you have a $19,000 gym bag, right? >> you gave it to me. no, seriously, will they just get married? >> i know. go ahead. >>> coming up -- bachelor arie blinsides becca again. >> i just found that out. >> why some sail he's trying to steal her thunder before monday's big premiere and how she may get the last laugh. >>> then -- ♪ >> the best video you'll see all day. chris hemsworth rocks out with his kids. stay tuned to see the unexpected cameo. >>> our own keltie knight talked to the first time about battling a rare thy yoid disease. for mor ♪ >>> ali fedotowsky's baby boy is already an early riser. he entered the world this morning just before 1:00 a.m., weighing 8 pounds, 11 ounces. congratulations, ali. >> now she has two. one for each hand. i love that. and more bachelorette news. is arie trying to steal becca's thunder? now, that is what some believe, because arie and lauren, get this, announced thei

all right i'm joined now by ditto views ophelia herm's who is monitoring the election process for us in the venezuelan capital caracas a very good evening ophelia the outcome is a considered a foregone conclusion that president nicolas maduro will most probably win another term in venezuela why have an election at all. well that's what many people are asking us we heard that the international community is not going to accept this and it's also why many people have decided not to vote this sunday they believe that they can make a change that the elections have been already decided and for them another term for maduro will mean more trouble a continuation of the crisis in a country that also has this. is surprising many of its opponents and many people believe that this will only get worse and we will probably see a bigger exodus oh well let's talk about the exodus so to that point because the people are already basically voting with their feet leaving the country on mass on a daily basis what what next for the people who are left in venezuela now. while we see really truly a human the

international headlines and raised a few eyebrows a member of the european parliament to rebecca herm's joins us now from strasburg she is the chairwoman of the delegation of the european parliament terry assembly which deals with relations with ukraine amongst other countries a very good evening miss harms that this is most amazing stranger than fiction news story we're still trying to make sense of it how how what do you make of it. on the dog. who are now what do you how do you create has done this. how do you make of ukraine going with this story. many are my best friend there are. many then. they are are. they are. not very much. aren't you and your. you are here are just whether they. were. in the bed reading is another. are my apologies there were becca harms unfortunately the connection we've lost the connection with rebecca harms. we're going to move on to our next story russia's foreign minister sergey lavrov has extended an invitation to north korean leader kim jong un to visit russia the you know cement came as lavrov made a trip to pyongyang where he met with kim moscow sai

minister peter al-haj assess today that he doesn't see any reason to change germany's very particular hermes export guarantee scheme for iran doesn't he. no not really and we have to remember what the hemis export agreement you just mentioned actually stands for it was originally introduced second one hundred forty nine for cases where firms could find no private insurance today hammers guarantees exploiters to cover themselves against economical risk and also political risk in the radio interview also he say that earlier there's no reason to change what he calls the value of hammers she also pointed out that germany is just starting now a conversation how to prevent negative consequences also for jobs here in germany let me tell you there is so much at stake also for european companies airbus for example they signed a mega deal to supply you ryan air with one hundred planes for nineteen billion euros so far it has only deliver three and the iran really needs new planes most of their fleet is older than thirty years actually are identical just very briefly has been going to protect all those

and also service capital but criticism is mounting you have the likes of hermes that's an investor from the u.k. saying that's a succession plan should be in place to replace acolyte now so he may survive he may survive today but it's hard to tell how long after. thank you. washington is looking into imposing new tariffs on foreign vehicles that has evidence that current polls have damaged the domestic industry so it is examining whether foreign vehicles are weakening the u.s. economy and in turn impact national security ministration has used the same legal argument when imposing tariffs on steel and. german cars remain popular in the united states that's a thorn in the side of u.s. president donald trump who maintains that foreign imports have a road it to the domestic car industry over the past two decades u.s. car imports have risen by fifty percent while the number of workers in american car plants has been falling german factories in the u.s. have to thousands of new hires german auto makers account for one in six jobs in the u.s. car industry but now donald trump is reportedly mul

and today's gainers include you loge tch ec logitech and also hermes back over to you >>> all right.and when we come back, free trade is under assault that's what stanley drunk mien miller has to say just as the team arrives in china for talks. we'll talk to gary locke coming up >>> big story, the u.s. trade delegation arriving in china hi, eunice >> reporter: secretary mnuchin and his team have wrapped up their first day of meetings with the chinese. they were greeted by the vice premiere, liu he he is very trusted by xi jinping. nobody wants a trade war, however the feeling is that the idea that we could come up with a grand resolution or even partial progress is potentially illusive and that is because secretary mnuchin and his team have been indicating that they are hoping to make progress in a wide range of issues, however some of those issues including china's industrial policies are core to china's national economic agenda so getting the chinese to change their practices is going to be very, very difficult also my sources in the chinese government have said that unlike other t

degrees here, this seems much more -- >> my point is, what trump is doing is exponentially different in hermserms of his willingness to intervene, his willingness to in a sense to issue direct orders in an agency which in a situation like this he should have no contact. >> bill clinton's actions there, i think on the tarmac precipitated the justice department and the fbi to break protocol multiple times. >> it's what started this whole mess. >> the idea behind this informant theory was that the obama dodge -- that the fbi -- the idea doesn't add up that there was a great conspiracy there against trump, which all of this rests on. >> susan, we would already know if this theory were backed up. if they had anything they could remotely hang their hat on in this conspiracy they would be out there, wouldn't they? >> i have got the think yes. i am a struck by the fact that we are all losing by trump winning here. what i mean is what are we doing? we are talking about hillary clinton. we are talking about is there an equivalent or no, there isn't an equivalent between bill clinton and the investigati

breaking news coming in from hermes. pencil than 1.3 7 billion. this is on a call with journalists.t no break in the upward trend for the luxury industry. you have your eye on this. they are $10,000 a bag. i will get you one for christmas. there will be no break in the upward trend of the luxury industry. they cannot keep up with surging that 10,000 dollar bags. this is a line from her mays. this is the aggressive multiple level we are seeing from demand and supply. these are finite reduction. you have asked number of specialists putting these products together with such precision. that is where the squeeze costs. $10,000 tags, there is a squeeze in the market. we will talk about the bond markets. bond markets are opening up a couple of ticks. for thetrading in asia u.s. treasury market overnight. what you have is you are waiting for the futures. they are better bid in asia. the key part is the federal reserve use the word symmetric twice. that means they normally use it once but using it twice suggests that there is a propensity to allow inflation to run hot. there is the treasury