willem: it is both.gee deal that was negotiated, even though it , is a bigally binding positive because migration is in excess special -- existential issue for the entire euro zone. italy faces a special problem of being a key member, one of the three elephants in the eurozone. proposals are so out of whack both from what brussels will accept and what markets will accept that if they get through with anything like proposal that is still officially part of the government's program, and we will have another sovereign debt exits around october or possibly -- crisis around october or possibly even sooner. it is going to be extremely contentious and difficult. francine: are we over the euro crisis, or can we go back to the existential question, whether these countries actually stick together. willem: we will never be over the euro crisis until they reform the eurozone in a way to make it if properly functioning central bank rather than a system of currency boards as it is now. problem is most acute because of

it's not just about the trump/kim summit, willem. >> that's it for today i'm willem marx. >> i'm joanna versace. orwiatinor wchg. "wldde exchange" is coming up next. >>> i'm contessa brewer. it's 5:00 a.m. in the united states and 5:00 p.m. in singapore. we're hours live with president trump going face to face with north korea's kim jong-un. it's an historic first-time meeting between the leaders of these two nations and expecting to hear from the secretary of state at any moment. we'll head there straight live on monday, june 11th, 2018 "worldwide exchange" begins right now. >>> an

back to willem and joumanna.e sure willem doesn't have one of those beers hiding under the desk >> i wouldn't put it past him. thank you for that i'm struggling to pronounce the name of that company hijos de rivera. >> perfect >> i got it in the end >> let's look at how european markets are look on this final trading day of the week. cac 40 trading in the green. everything else is tipped to red. even dax is trading below the flat line. ftse 100 is the laggard down 0.6% let's also take a look at yields we've seen a big bounce in fixed income this week we have ten-year germany trading at about 40 basis points 10 basis points lower than the ecb meeting. ten-year u.s. back down to 2.92. never broke through the 3% mark. ten-year italy is back through 2.60, trading at 2.58. continuing to get love u.s. futures, today is a big day on the trade side. we can see the dow is seen opening up about 100 points lower. triple digit losses expected there. s&p slightly in the green. >> that's it for today's show from us. i'm willem

i'm willem marx. these are your headlines >>> italian stocks rally and bond yields fall as investors welcome the establishment of a coalition government. >>> european exporters rally as the block fights back against u.s. trade tariffs the eu says they will enact retaliatory measures >>> and mariano rajoy says he will not resign after socialist chief peter sanchez was put in power. >>> and deutsche bank says the bank's financial strength is beyond a doubt after the s&p cut its rating for deutsche's stock. if you look at our share price yesterday we are vulnerable for speculation. this is tough. sometimes this gets bumpy. by we have already quite a lot behind us, we know what we have in front of us we have a plan >>> some numbers out of italy. final gdp figures for the first quarter, it is as expected, 0.3. italy expecting a gdp of 1.4 for the year those new final q1 numbers at 0.3% this morning. also going to bring you more data on the eurozone manufacturing pmi data coming out at some point in the nex

i'm willem marx. these are your headlines in london trade tensions hit european markets. >>> oil prices slip after beijing warns it could reduce u.s. energy imports. >>> angela merkel is poised for showdown talks with her sister csu party which says it intends to send a strong signal. >>> and cybg creates the sixth largest bank buying assets >>> welcome to the show this morning, everybody you can see on the board here that the european market is not off to a particularly strong start. the stock 600 is currently down 2/5 of 1% in terms of the specific sectors driving that number, you can see all four of the major equities here in europe all in the red. you've got the ftse 100 down 1%. xetra dax down 2%. the ftse mib is down 4/5 of 1% take a look at the sectors behind those numbers you can see the insurance sector and telephones down. the bank sector down 1/10 of 1%. oil and gas is also down a lot to watch a they're performing too well in europe so far. relationships are hard one minute you're cozying u

let's get strait out there you're looking at parliament in madrid willem marx has the latest on thatote which is happening as we speak >> that's right. we are expecting that as we speak literally. mariano rajoy facing a no confidence proposal put forward by one of his opponents, pedro sanchez. this is a slow boil situation that's finally come to a head. his party has been mired in a huge corruption scandal that's encroached on some people close to him that's the pretext for this no confidence vote. a lot of it stems from what happened in catalonia over the last nine or ten months. we expect him to essentially be ousted any minute. he said he would welcome the numbers in terms of the vote itself from the rest of the parliament and he would honor it he's already congratulated pedro sanchez who will almost immediately be sworn in as new prime minister he said he will honor mariano rajoy's budget plans we don't expect major changes in terms of spending. spain's economy is in good shape. that's not a major concern for investors. you can see that reflected in the ibex and stock market, whe

how toxic is it, willem? >> i think that the damage has not yet been done to our companies. the problem is that we don't know what's ahead so as the stock markets are affected by the talk back and forth, the major tariffs just recently applied to eu but in terms of china, they haven't really been applied yet and yet companies are waiting and investors are nervous. so what we want to see is agreement and yet we don't expect agreement over a weekend. we're talking about structural issues this is going to take a lot of time and negotiation and compromise. >> compromise. therein lies the trade nice to see you, sir chairman of the american chamber of commee in china. >>> meanwhile, we have been talking to you globally. i don't know what exact dibs are speaking at the eye ar tifts and global growth. >> we are worried, the trends we see in the global economy regarding protectionism, barriers to trade and to travel. these closures are always bad news not only for the economy but for the industry. >> all of these tariffs are things that we see obstacles of imagining. jeopardizes the

marx joining us from rome willem. >> reporter: brian, it's not just the prime minister. the finance minister also has absolutely zero political experience he's a political professor from a university here in rome. he went to pains to try to end the idea that his parties behind him want to exit the eurozone. something we saw floated and cast aside during the government contract negotiations leading up to friday when the new government was sworn in. the two men driving this coalition. they were both down in sicily touting their relative priorities for this new government demaio is about universal income and rolling back pension reforms we saw under a previous technocrat government and for mr. salvini, we've seen tens of thousands of migrants reach the shores they seem to deport half a million migrants the spending programs don't come cheap looking at estimates of more than $100 billion euros a year in extra spending the challenge is going to be how they finance that. only half will be covered by revenues we heard from angela merkel, the weekend, that she did not want the e

the fact there is an agreement is a positive step >> all right willem marx live in brussels, thank youery much. >>> let's go now from europe to china. china's smartphone giant pricing its hong kong ipo for xiaomi it's a challenging time for chinese stocks amid concerns about a trade war or possible trade war with the united states >>> sticking withchina, the nation easing curbs on foreign investment as part of a movement to show china is trying to open up to outside investors. eunice yoon has more on this story. >> thank you very much the negative list is basically a list that lists out all of the areas that are off limits to foreign investors. this list which goes into effect next month has narrowed the sectors from 63 to 48. that includes lifting restrictions on serving and mapping, ship building, power grids and some crops it has changes in finances and autos. in finance, china will raise the limit for certain firms from 49% to 51% for wrought tautos, companies cy own their businesses as early as july there are some sectors that are restricted, such as cloud computing, rare earth mi

i'm willem marx. trade turmoil hits stock markets around the globe as president trump threatens more tariffs while beijing vows to fight back >>> stocks in china closed sharply lower with the shanghai near a two-year low as mainland invests pull out of those markets. >>> and europe follows suit by opening deeply in the red. the downturn affects u.s. futures with the dow called nearly 400 points lower. >>> basic resource stocks lead the european selloff as trade fears weigh on investor sentiment. >>> ecb president mario draghi is expected to be speaking in portugal any moment now. we'll bring you that speech as it happens something to watch over the course of this morning you can see live pictures from portugal where we expect mario draghi to speak any moment now chinese stock markets closed sharply lower. the shin zu.s. has threatened to impose a 10% tariff on 2$200 billion worth of chinese goods beijing blamed washington for initiating a trade war and vowed to respond proportionatproporti. joumanna,

i'm willem marx. these are your headlines the countdown to a decision is on with opec ministers locked in a room in vienna, oil prices rally amid uncertainty on whether saudi arabia can bring iran on board and come to an output increase. >>> the euro rallies against the dollar after french pmi beat expectations in june but german manufacturing cools on trade fears. >>> angela merkel's hope to secure an eu-wide solution on migration dimmed as cold water is poured on the chancellor's plans ahead of a summit in brussels. >>> a historic deal is made in luxembourg as a debt relief agreement is reached for greece sending yields lower >>> good morning i'm willem marx in london. just to bring you pmi numbers from across the eurozone, we have the composite pmi output prices at 54.8, that's against an estimate of 53.9. that's up from 54.1 in may in terms of services pmi, that's at 55. that's against may numbers of 53.8 against expectations of 51.7 manufacturing pmi at 55. that is down from last month, 55.5, but

willem marx in brussels.nk you. >>> speaking of autos, after decades of a policy to confuse the world that angered many, saudis finally lifted their ban on women drivers hadley gamble is live in riyadh, saudi arabia, with more. hadley >> reporter: hey, good morning, brian. women in saudi arabia finally in the driver's seat. we had the chance to catch up with several of them who are taking the wheel for the very first time let's listen in to what they had to say >> just moments ago saudi women finally taking the wheel you've made history. how does it feel today women in saudi arabia can finally drive. >> reporter: is this exciting to be able to drive >> yes i am very, very happy. >> reporter: it's just the latest move by the country's crown prince to transform a traditional society into a 21st century economy. >> saudi arabia had to come a very long way actually right now with the new vision 2030 that we have in place with his royal highness announcement two years ago, we've seen things accelerating significan

i'm willem marx. these are your headlines european stock markets rebound from a global selloff that saw the dow wipe out its year-to-date gains amid heightened trade tensions. >>> the relief rally sweeps across asia with a laterally to close in positive territory. >>> and opec, the iranian oil minister says there may be no agreement in vienna as he slams president trump for interfering in the crude market. >> important things, i would like to declare that opec is independent organization, and is not american organization. >>> ge gets booted from the dow after a century on the wall street index it gets replaced by walgreens which rallies after hours. >>> good morning what a difference a day makes. look at the european markets this morning very different picture compared to 24 hours ago with the stoxx 600 up so far on the day looking at the major markets behind those numbers, across the continent there is a lot of green on the board the ftse 100 up more than 1% the cac is up 0.20 the ftse is up almost 0

she said the migration challenge facing leaders could make or break the european union willem is in brussels. at the summit there are plenty of items on the agenda from trade, brexit, russia, but migration is front and center. most at this point ruled out a comprehensive solution what can we expect on that front? >> that's the common sentiment amongst european leaders we're joined by the european commissioner here in brussels focused on european neighborhood policy i want to ask you, do you think european leaders being forced to talk about migration again because of politics in countries like germany and italy is that why the leaders are talking about it now >> it's primarily a political debate if you look at the figures, we can see compared to the same period last year, figures have declined by 77% definitely it's necessary to talk about this, to address the issue. to prepare ourselves for the future, because migration will stay for the next decade, so it's good to identify ways and means, how we can accommodate these challenges >> you talk about it as a big challenge. angela merkel said it

i'm willem marx. these are your headlines daimler in the headlights. shares in the carmaker skid at the open as it warns tariffs will impact full-year earnings that warning drives down the entire sector with autos the big underperformer as equities generally trade higher. >>> hopes for an output deal increase as cnbc is told the cartel will not be swayed by politics >> this is not a political organization this is a commercial organization as i told you earlier, we are not going to politicize the organizaon >>> saudi arabia's market chiefs cheer the country's entry into the emerging market index saying it will attract $40 billion of inflows and increase the attractiveness of the saudi aramco ipo >>> red lights on the european stock map. auto stocks are trading sharply lower after daimler issued a profit warning weighing on its german peers the carmaker cut its 2018 earnings forecast blaming global trade tensions daimler says sales of its mercedes-benz suvs would suffer from tariffs on cars exported from the u.s. to china the group predicts its ebit will

the last election with a significant upper layer as it were of economics of saying i will permit willems version or absolutely but but but it's also true that the economics has not been well managed and as a result the country is not as well off as the dreams mr moody and his colleagues managed to sell to the voters the big risk therefore is it may turn around and once again creep up communal sentiment in order to compensate for the deficiencies of their economic performance it worries me well we invite the indian ambassador on to . give a challenge that thank you very much as you are thank you good talking to you hand that over the show we're back on wednesday on the eve of arguably the greatest sporting. in the world the world cup russia twenty eighteen till then keep in touch with us by social media with your wednesday the birthday of one of the world's greatest mathematician the scottish born james bond maxwell and forty seven years to the day the world work up to us lies about vietnam the initial releases from the so bold and to conventions. join me every thursday on the alec simon

. >> willem is out there in brussels i hope you slept more than mr. macron generally speaking, there's a phrase that if everyone is happy with the outcome, then possibly someone has made too many compromises. who has made the compromises here >> i think that's a difficult question to answer at the moment a lot of this is a series of guidelines there's no action being taken, no money passing hands yet if you look at the details, the italians got a lot of what they wanted there was a ten-point list of proposals. a number of those in this deal seem to have borne fruit, in particular the idea of spending more money on libyan coast guards, sending more money to stop migrants from traveling from north africa into italy, which has been a major bone of contention for lega, one of the coalition partners in italy. in terms of angela merkel, the political ramifications are still unclear, but it does seem to strengthen her hand going into conversations with the head of the csu, she can go back to berlin saying she achieved something from the summit. what that is

so cheers to you guys. >> willem marks, live from london. >> a little something on the corner of yourre. >> appreciate it, yasmine. >>> coming up, axios's mike allen has a look at this morning's one big thing. and morning joe, shots fired on the global trade war. more on the international fallout over president trump's decision to slap tariffs on america's allies and who stands to be the big loser in this international economic battle. >>> and former c.i.a. director john brennan joins the conversation to discuss the president's recent attacks against him and his own blistering criticisms for the commander-in-chief. signature toughness... and one more thing... the world comes with it. the new, reimagined 2019 jeep cherokee. ♪ ♪ fight security threats 60 times faster with ai that sees threats coming. the ibm cloud. the cloud for smarter business. the ibm cloud. you're more than just a bathroom disease.. you're a life of unpredictable symptoms. crohn's, you've tried to own us. but now it's our turn to take control with stelara® stelara® works differently for adults with moderately to sev

cnbc's willem marks joins us for more. >> as is often the case this is a lot to do with trade. fell to a seven-month low, that's a bit of a sign that the economic growth in the u.s. domestically is accelerating, certainly into the second quarter of the year. larry kudlow, we heard from him, the white house chief economic adviser. he was saying that mr. trump will continue to talk tough on trade and tariffs, those are his words, but he would be talking. woe meet with justin trudeau of canada and emmanuel macron of france at the g7 summit. >>> u.p.s., workers there more than 250,000 belong to the teamsters have voted to approve strike action if needed. spent the last couple of months negotiating over wages and benefits. u.p.s. at pains to point out this does not mean a strike is imminent. >> thousands of landlines were down after comcast experienced a nationwide blackout yesterday. who is affected and has the problem been resolved? >> this was our parent company's xfinity phone service going down in large parts of the country. thousands of businesses impacted. they still use land

. >> willem marx is here with both of those stories good morning >> good morning.t's all about parliamentary democracy in spain making that possible they had a vote of no confidence in mariano rajoy the prime minister who has been there for more than six years. it's party has been engulfed in a corruption scandal, and pedro sanchez managed to win a majority of votes in the lower house in madrid. so he hamidly taken over as prime minister of spain. the other big story in italy, we will have a new government, new cabinet sworn in later on today. that's after giuseppe conte, a law professor from florence, he's taken over as prime minister they managed to get a guy that they're happy enough to have as finance minister he's also a university professor from rome, giovanni tria will take over as finance minister. big questions over spending and taxation plans they have that deficit of 130% of gdp, that could run up. we've seen bond yields fall dramatically on the italian two-year, so seemingly the market is a bit more relaxed about the course of events in italy. >> willem

the last election with a significant upper layer as it were of economics of saying i will permit willems version or absolutely but but but it's also true that the economics has not been well managed and as a result the country is not as well off as the dreams mr moody and his colleagues manage to sell to the voters the big risk therefore is it may turn around and once again creep up communal sentiment in order to compensate for the deficiencies of their economic performance it worries me well we invite the indian ambassador on to . give a challenge that thank you very much as you are thank you good talking to you and that's it for the show we're back on wednesday on the eve of arguably the greatest sporting tournament in the world the world cup russia twenty eighteen till then he will judge us by social media with your wednesday the birthday of one of the world's greatest ever mathematician the scottish born james watt maxwell and forty seven years of the day the world work up to us lies about vietnam initial releases from the so-called pentagon papers. her. to. come. clean. hello we're

the last election with a significant upper layer as it were of economics of saying i will permit willems version or absolutely but but but it's also true that the economics has not been well managed and as a result the country is not as well off as the dreams mr moody and his colleagues manage to sell to the voters the big risk therefore is it may turn around and once again creep up communal sentiment in order to compensate for the deficiencies of their economic performance it worries me well we invite the indian ambassador on to . give a challenge that thank you very much as you are thank you good talking to you and that's it for the show we're back on wednesday on the eve of arguably the greatest sporting tournament in the world the world cup russia twenty eighteen till then keep in touch with us by social media with your wednesday the birthday of one of the world's greatest ever mathematician the scottish born james bond maxwell and forty seven years of the day the world work up to us lies about vietnam we initially releases from the so-called pentagon papers. seemed wrong. rowles jus

vi willem marx has the latest >> we saw the sixth year prime minister of the country being ousted ine almost immediately replaced by the head of the socialist party, pedro sanchez. he had said that he will maintain the spending plan that was put in place in terms of the budget and he's a pro-european politician we've seen a positive reaction fr with the yields falling. in spain we've seen the same thing since the dramatic day of trading. we've seen the new italian cabinet being sworn in and also including the man that was responsible for this coalition agreement nearly falling apart on sunday. he's not going to be the economics minister he's going to be in charge of european affairs giovani pria is not a well-known guy. the two deputy prime ministers and the head of the labor party have both taken on separate portfolios one in charge of immigration he's going to be trying to deport half a million immigrants and then trying to roll out the new universal basic income plan. he's going to be in charge of labor and economic development that could cost tens of billions of euros that would

. >> all right there you goch willem marx has more on the trade side of the story. >> we'll have a meetingf all 28 european leaders here this evening. they would dispute that number you heard from donald trump. donald tusk has adjourned this meeting later on today in his invitation he said he wanted to see deeper economic cooperation across europe because of this global political context. he said trump's policies placed immense pressure on transatlantic relations. he said despite tireless efforts from the europeans, that that western unity was under threat it seems the g7 meeting in quebec that ended so disastrously was a turning point for the european leaders they saw that as a moment where trump decided to totally disregard prior relationships. they think the divisions go much deeper than that so they'll have conversations this evening trying to figure out whether they'll endorse the european commission's policies on retaliatory tariffs, on 2.8 billion euros worth of goods, and also whether they will try to pursue long-term safeguards to protect steel and aluminum producers from excess d

cnbc's willem marks joins us from london. >> asian markets have all fallen very precipitously over thento the european markets, all down at the moment. the white house slapped tariffs on chinese goods and the chinese responded. they by doing this seemed to trigger president trump. last night he threatened tariffs on a further $200 billion worth of chinese goods, he asked his trade representative to examine which products could be used for those tariffs, that happened while asian markets started trading and it looks like it's going to spill over to the u.s. right now. all three major u.s. indices looking to have a negative in a few hours' time. >> rough day on wall street. and microsoft is facing some backlash for an old blog post praising i.c.e. or immigration and customs enforcement use of facial recognition technology. now microsoft is calling for i.c.e. to end its child separation policy. what can you tell us about microsoft's change of heart here? >> if you're a big u.s. tech firm and look for big u.s. government contracts, you can end up in trouble if that government pursues polic

>> few factors at willem marks, live from london, thanks. >>> coming up, axios' jonathan swan has a lookand on "morning joe," the seismic shift for democrats, following last night's election in new york. top democrat crowley loses in shocker. steve kornacki breaks down what this race could signal for the dems heading into the mid term and president trump celebrates his victory over the supreme court's decision to uphold trump's travel ban. "morning joe" just moments away. my day starts well before i'm in the kitchen. i need my blood sugar to stay in control. i need to shave my a1c. weekends are my time. i need an insulin that fits my schedule. ♪ tresiba® ready ♪ (announcer) tresiba® is used to control high blood sugar in adults with diabetes. don't use tresiba® to treat diabetic ketoacidosis, during episodes of low blood sugar, or if you are allergic to any of its ingredients. don't share needles or insulin pens. don't reuse needles. the most common side effect is low blood sugar, which may cause dizziness, sweating, confusion, anadache. check your blood sugar. low blood sugar can be ser

concessions on amendments which would have given mps a meaningful vote on a final brexit agreement willem is in westminster on the surface it looks like a victory for the government they won all 12 votes that took place yesterday. the prime minister has succeeded at keeping the tory rebels at bay, but the question is for how long >> that's a good question. to help me i'm joined by a policy analyst what my colleague was asking is how long does this hold off those back bench rebels for theresmay? you saw this vote yesterday, relatively narrow, 324-298 i wonder if that passes back to the lords early next week and then back to the commons and she hassed no addressed the elephant in the room, what happens next >> i think we're likely to know as early as the end of this week or when the bill reaches lords at the latest. the commitment she appears to have made to conservative rebel mps is sheill take her concerns into account when the bill reenters the lords. if that's not sufficiently met by the time it reaches the lords, the indication is that lords themselves may table an amendment similar to

. >> willem, very quickly, what was notable is the absence of certain eastern european countries as well. how important is that? >> reporter: well, if you're trying to find a comprehensive solution with the likes of hungary, poland, members of the group in europe, they are going to have to sign on board for that to become an e.u. 28 priority the fact that they haven't is what's making chancellor merkel talk about the bilateral and trilateral agreements. without all 28 countries signing up, the european commission can't take on the redistribution efforts. >> it shapes up well for the big summit at the end of the week. >>> coming up on the show, presidential power turkey reelects erdogan with an absolute majority bringing into force major new powers for the president. more after this break. polk county is one of the counties that you don't think about very much. it's really not very important. i was in the stone ages as much as technology wise. and i would say i had nothing. you become a school teacher for one reason, you love kids. and so you don't have the same tools, you don't always be

willem marks live from london. you with us. >> i would love to is he an hour-long video of louis trying to skateboard on the weekends. i've been told no one wants to see that. coming up, on "morning joe," president trump reverses course on h policy of separating migrant children. the latest on the president's decision to suspend the administration strategy as he now tries to spin the move into a political win. plus details on the chaos of trump's flip-flop is creating for republicans trying to strike an immigration deal. "morning joe" just moments away. rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. i'm about to start the hair, skin and nails challenge. so my future self will thank me. thank you. i become a model? yes. no. start the challenge today. and try new tropical citrus flavor w

." >> i'm willem marx here are your headlines. >> european stocks chase u.s.arkets higher after the dow reclaims the 25,000 level. after delays open to the technical issue the ftse 100 has also joined the rally. >>> retaliation time the eu vows to launch tariffs against the u.s. in july as white house economic adviser larry kudlow says that trump is not solely responsible for rising trade tensions. >> don't blame trump blame the nations that have broken away from those conditions very important point all right? trump's trying to fix this broken system. >>> the drink maker's flat dividend disappoints the investors despite cognac sales delivering bigger profit. >>> and warren buffett and jamie dimon are changing the reporting standards. in a tv first our u.s. colleagues will speak to the sage of omaha and jpmorgan ceo together at 12:00 central european time. >>> all right. checking on the markets we're talking about how u.s. equities bounced in yesterday's trading the dow is through the all important psychological level of 25,000 again we are seeing the picture

. >> willem marks, live from london, thanks. >>> coming up, axios' jonathan swan has a look at this morning's"morning joe," president trump looks to calm the outrage over his policy of separating migrant children from their parents, the latest in the president's trip to capitol hill, to try to lock down a deal on immigration, as congressional republicans try to make sense of trump's muddied marching orders on a plan. >>> plus democratic congressman elijah cummings weighs in on the administration's policy following his emotional plea to his colleagues to help stop these families from being torn apart. i'm about to start the nature's bounty hair, skin and nails challenge. so my future self will thank me. thank you. i become a model? yes. no. start the challenge today. and try new tropical citrus flavor with collagen. nature's bounty. with the lexus is.e thrill of the moment lease the 2018 is 300 and is 300 awd for these terms. experience amazing at your lexus dealer. you'll make my morning, buty the price ruin my day.ou? complicated relationship with milk? pour on the lactaid, 100% real milk, j

between the parties is widely expected to back the government in the senate later today let's go to willem for more in rome markets are closed, watching any nuance around this story in us what we should be watching "todatoday. >> reporter: seems like the italian market as you mentioned doing relatively well so far today, karen in about an hour and a half's time, guiseppe conte, the new italian prime minister, will be hoping for a vote of approval to start off the senate. he'll be talking to senators here his party supporting him, of course they have a slim majority in the upper house here in rome they're looking at a 14 majorities in terms of seats out of 320 that vote will take place early evening. tomorrow he'll be waiting for debate in the lower house, the chamber of deputies, then talking to mps there, and then again, facing a vote of confidence for himself a h 18 cabet picks at around 5:40 local time the two men supporting him, of course, luigi di maio and matteo salvini, they have been in direct confrontation with brussels in particular matteo salvini went down to sicily and talked a