♪ >> NEWSMAKERS AND MARKET MOVERS. THIS IS THE PULSE WITH FRANCINE LACQUA. KRITI: GOOD MORNING AND WELCOME TO THE PULSE.I'M PRETTY COOPED UP, FILLING IN FOR FRANCINE. U.S. AND EUROPEAN UNION STRUCK A TRADE DEAL IMPOSING A 50% TARIFF ON MOST EU EXPORTS. THAT INCLUDES CARS AND PHARMACEUTICALS.THE BLOCK WILL RAMP UP PURCHASES OF AMERICAN ENERGY AND BOOST INVESTMENT WITHIN THE UNITED STATES. IT SIDESTEPS DONALD TRUMP'S THREAT OF STEEPER LEVIES. >> I WANT TO CONGRATULATE YOU.I THINK IT IS GREAT WE MADE A DEAL TO ...

Monetary Policy & Economic Outlook - President Trump pressured the Fed Chair to cut interest rates, an extraordinary scene in the Fed building [3][4] - Markets are repricing expectations to fewer than two rate cuts by the Fed [8] - The Fed is expected to remain independent and will do what it needs to do, regardless of political pressure [9][10] - Inflation forecasts are expected to remain under 2% for the next 18 months [14] Trade & Tariffs - A 15% tariff deal would basically mean trade shuts down [12] - Volkswagen expects around 15% tariff levels from EU talks [75] - Investors believe tariffs between 10% and 20% are manageable for the luxury sector [85] Company Performance & Market Dynamics - Volkswagen cut its outlook for the year due to US tariffs weighing on Audi and Porsche brands [22] - German business confidence rose to 89.6 in July, up from 88.4 [34] - LVMH's luxury product sales slumped in China and Japan, but the market is calling the trough [76][77] Geopolitical Issues - France will recognize Palestinian statehood in September, adding pressure on Israel [41][43] - Negotiations for a ceasefire between Hamas and Israel have broken down [44] Artificial Intelligence in Healthcare - An AI startup received $150 million in financing, bringing total funding to $370 million, to speed up the development of a model that will help physicians with clinical decisions [61] - The AI model aims to cover practically every relevant disease within three years to support physicians in their care delivery [64] - The AI technology analyzes 45 million patients a year, deploying over 2000 hospitals [65]

THAT THE CHINESE CAN BUY THEM BUT THAT IS IN A BALANCED WEIGHT WITH THE CHINESE DELIVERING ON THE DEAL WE MADE WITH THEM AND DELIVERING RARE EARTHS. ANNMARIE: SO WHEN YOU ARE SITTING WITH THEM NEXT WEEK, WHAT ARE YOU EXPECTING TO TALK ABOUT WITH THEM. SEC.LUTNICK: WHAT WE TALK ABOUT IS THERE IS A LINE. BELOW THE LINE WE ARE GIANT ECONOMIES AND WE SHOULD TRADE WITH EACH OTHER. THEY WANT TO BUY OUR PRODUCE AND VEGETABLES.THEY DON'T GROW ANYTHING AND THEY DON'T HAVE THE BREADBASKET OF AMERICA THAT WE HAVE. THE ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

GUY: GOOD MORNING. I'M GUY JOHNSON, LIZZY BURDEN IS HERE, SO WHAT DO YOU NEED TO KNOW. COMPLICATED TRADE TALKS WITH EU OFFICIALS PREPARING FOR A NO DEAL SCENARIO WITH WASHINGTON AND WE TALKED TO THE CEOS OF DEUTSCHE BANK AND SIEMENS FOR THEIR TAKE ON THE TRADE STORY AND PLANS TO INVEST BILLIONS OF EUROS IN GERMANY.LIZZY: HAPPY MORNING, MONDAY MORNING. WE'VE GOT THE ECB MEETING ON THURSDAY, INCHING CLOSER TO THE AUGUST 1 TARIFFS DEADLINE WITH EUROPEAN STOCKS DECLINING ON FRIDAY. U.S. STOCKS HOVER AROUND RECO ...

[CC may contain inaccuracies] The Prime Minister, Shigeru Ishiba, says he will stay in office despite NHK reporting that his ruling coalition lost his upper house majority in Sunday's election. This marks the first time since 1955 the Liberal Democratic Party will govern without control of both chambers. Let's bring in Japan and Korea's economy and government editor Yuko Takeo.Yuko, she's with us right now. Yuko, you know, it's as polls predicted, but this is a bad result for Ishiba. What happens from here. ...

Japan Election Throws a Wrench in Trade Talks https://t.co/i96lfHug14 ...

Norway is addressing “some real issues” in its trade talks with the US and still aims to prevent increases in tariffs, according to the country’s finance minister https://t.co/LB6QJI8NRo ...

Trade War & Tariffs - US President threatens 30% tariffs on EU and Mexico if better trade terms are not agreed by August 1 [1][4][46] - Brussels delays retaliatory tariffs while negotiations with the US continue [1][46] - A 30% tariff rate could disrupt trade between the EU and US [12][77] - EU is considering engaging with other nations hit by US tariffs to counter the threats [9][76] - The EU Foreign Ministers are meeting to discuss progress on trade talks [76][78] Market Impact & Economic Outlook - Stocks fall as trade war escalates, with investors bracing for data on tariff impacts [1][46] - European markets are down, impacted by the possibility of European tariffs going up to 30% on August 1 [3][12] - A 30% tariff could be a "real challenge" for European manufacturers and could tip the Euro Zone into a recession [13][14][15] - Germany's growth is already flat, and a 30% tariff could lead to negative growth [16] Monetary Policy & Fiscal Policy - Markets are focused on the physical outlook, with Germany having a solid footing with debt GDP around 65% [19] - There is a likelihood of a more dovish shift from the ECB due to the risks around growth and weakening trade relationships [25] - The market is underpricing the risk of the Fed chair being forcibly removed or dismissed [93] China's Economy & Trade - China's export growth has accelerated, driven by demand and helped by the trade war truce with the US [28] - China had a $590 billion surplus in the first theft of the year, which will help drive growth [28] - Companies worldwide are trying to buy as much Chinese products as they can due to price deflation [31] Panama & International Relations - Panama was removed from the EU's list of high-risk regimes [33][34] - Panama's relationship with the US is "very good," with close cooperation on commerce and security [36][37] - There is "no Chinese influence" in Panama or the Panama Canal [38][39][40] Renewable Energy & India - India is making strides in clean energy to reduce reliance on fossil fuels, which account for 5% of GDP in imports [55] - The Indian clean energy sector is mostly domestically focused, with a 6% annual growth in the electricity system [57] - The Indian government is taking a strategic view to localize the manufacturing of clean energy equipment [62][63]

Trade Talks Key Takeaways Prior to these trade talks, the US charged no import tariff on formulations and a weighted average of 1.7% on active pharmaceutical ingredients (note): A 10% incremental tariff was imposed in February as part of fentanyl talks, and another 10% was imposed in March targeting pharmaceuticals (note). This 20% is much lower than the reciprocal rate of 145% on the rest of the Chinese import base, which was later lowered to 55% (reference). The imminent pharma-specific package that Presi ...