I am in for francine lacqua. Lets check in on the markets and get a quick look at what is going on. Yield see an allnew low on the u. S. 30 year bond. The long bond came down to one point 1. 90 . It has bounced back, but still, that paper is weighing on the yield. You can see that across the curve. Brent crude is rising. The nymex wti is as well. It has been a rally for oil as as u. S. Stockpiles came up better than anticipated. And gold, coming off of its highs just a little bit but very little change to the bottom. 1541. 64 as u. S. 10 year yields are negative, making gold more attractive. Now lets get bloomberg first word news in new york. Sees an opportunity to restart bta european union. German and french counterparts. Officials tell as they appeared to relax len which on the need for the irish backstop. Dropping the position language on the need for the irish backstop. These requests are related to Financial Information on donald trump and his family but whose returns are still a
Page. Boris johnson will suspend parliament next month to limit debate on a no deal divorce. Joining chinas internet leaders to discuss the future of Artificial Intelligence. This trip threatens to annoy President Trump. Marketset a check of and how they closed at the end of the u. S. Session. The dow adding 258. 12 s p 500 was down. 7 . Everyone was in the green except for utilities. Energy shares beating utilities. The u. S. For more than expected. The volatility was low. Not volatility, but volume. Trading was around 15 below average. And lets look at how we are setting up in asia. Nexta we are set for a open in asia. We are waiting for the latest on the trade headlines as investors are held captive. But we did get positive news that chinese negotiators are talks. D to come for it looks like nikkei futures will open a bit lower, down about. 1 right now. That is going to be reversing the gains of two Straight Days. Futures like half the have little change and we saw it open up around
Year not beating estimates. David it looks like their stock is down in the premarket about 2. 5 . Home depot before you so rudely interrupted me alix david is funny today. David not very funny. Per depot beat earnings share, a little light on revenue. They basically blamed a lot on lumber disinflation, basically. They are warning a lot about china. One is how they want to eat up the lumber costs, a 21 drop in the cost of lumber. At the same time, you have continued slowing homebuilding, but theres a lag for that. Home depot not necessarily feeling the full effect of that could weakness. Because of the price of lumber, overall sales are down. They took it down for the year. There estimates went down. Ls, theykoh reaffirmed their adjusted Earnings Guidance on that comp sales mess. We will dig into retail more over the next couple of hours. The equity markets looking a little bit soggy here, with s p Futures Party much flat. Dow jones off by about five. It doesnt feel like theres a lot of
Attacked by armed, masked men. We are live in the city. Welcome to bloomberg surveillance. Lets check in first off on the markets. We see gains across European Equity indexes. That should show through in terms of u. S. Futures, as well as s p futures. Oil is down. You will see the big majors weighing on the stoxx 600 index. Maybe a turnaround of the gains we saw oil take yesterday. The u. S. 10 year yield is currently up for basis points to 1. 54, so investors feel less concerned and are selling that that. Lets get bloomberg first word news in new york. We begin in argentina. S P Global Ratings cut the Credit Rating to selective default after the nation said it would delay payment on more than 100 billion of debt. They says criteria, constitutes default, but the new terms for shortterm debt came in immediately and they will lift argentinas rating to triple c minus. Boris johnsons suspension of parliament will get an early test. , saying are ruling courts, saying it is an affront to dem
Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv