German Economy Unexpectedly Shrinks | Bloomberg The Pulse 07/30/24

German Bunds erased earlier gains after the German economy contracted in the second quarter on a quarterly basis, missing estimates, while most regional CPI readings picked up from the month prior. European stocks gained Tuesday morning after the Euro area economy grew more than expected in the second quarter, easing fears about the pace of an economic recovery. On the corporate front, oil giant BP maintained the pace of share buybacks and increased its dividend as strong second-quarter earnings from pumping crude offset weakness in other parts of the business.

Today's guests: Freya Beamish, TS Lombard; Filippo Alloatti, Federated Hermes

00:00 The Pulse with Francine Lacqua
01:35 Bunds Erase Gains as German Economy Unexpectedly Contracts
03:10 Freya Beamish, TS Lombard
10:50 Diageo CEO: Challenging US Environment
11:50 Earnings Roundtable: Diageo & BP
16:48 Venezuela Opposition Says It Says Proof of Fraud
19:58 Headlines
20:45 Standard Charted CEO: Buyback Strategy Working
22:02 Filippo Alloatti, Federated Hermes
33:48 Biden Assails Supreme Court For 'Extremism'
34:38 UK Chancellor: Inherited $22B of Overspend
35:32 Euro-Area Growth Beats Forecasts Despite Surprise German Drop
40:40 Microsoft Due to Report Today
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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[Yakuzachris]

Unexpectedly? Maybe it has something to do with not being able to buy cheap Russian oil since Nord was blown up, no?

[leonidmyasnikov]

Honestly your the most honest and humble trader on YouTube!!

[dannym]

after 15 years of disastrous Merkel and now woke green policies...the german economy "..Unexpectedly Shrinks... " 😂😂😂

[oceanwave]

Germany's deindustrialization is no joke... 😥 It could become a service-country like France and Italy with tourism being among major economic drivers. But at least France/Italy can sell luxurious products, e.g. fashion, shoes, bags. Germany doesn't have such reputation...