Moving average but oil is not getting sucked into the nervousness. last month, trump said he would tell automakers he will return the u. S. To the car capital of the world but last month we got Sales Numbers that point to the other direction. With us now is matt miller from berlin and from d. C. , Kevin Cirilli. To starter, i want with you on the cars. How bad are these numbers . Matt they were bad, for sure, especially compared to the expectation. We were looking for 17. 2 million and really got 16. 1 million. So that im sorry, 16. 6 million. It is about the vix. If you look at this chart have this you can see that isnt something new. Tracks have been trending up. Meani say a truck, i even the big station wagons. The blue line are the cars and sedans. This is a 17 year chart. This is one of the big problems here is that automakers are not adapting quickly enough to this new mix. The other thing i want to point out quickly is that the yellow line here is student debt. The blue line is
I am certainly hoping these receiveelated budgets some of that attention. Francine that was bill gates, talking to manus cranny. This is bloomberg surveillance. We have some great guests who will talk about the markets, Foreign Policy, and the snap elections. First, to your markets. This is where we stand. European shares rising attach. A touch as commodity producers rebound. Metal prices, chinese equities leading asian stocks higher. That index gaming 1. 1 . I want to show you the pound. The vote in parliament a little bit later about snap elections on june 8. The vix index down quite significantly today, at 15. 85. Those are your markets. First, lets get straight to the bloomberg first word news. U. S. Vice president mike pence has called north korea the most dangerous and urgent threat to the peace and security of the asiapacific region. Addressing military personnel on the uss ronald reagan, hence also spoke of the overwhelming response available to protect japan against north kore
As saudi arabias Oil Ministers say they may need to extend cuts. This is bloomberg surveillance. I am mark martin. Credit agricole crt head of g10 fx surge. A question for either of them, do run tv function on your bloomberg. Hit i. B. Show producers. Here it a look at markets across the globe today. The stoxx 600 gaining for a second day, marginally up by. 1 . Rising for the fourth day in five. One question i will be asking to valentina is is the election a game changer for sterling . 2. 22 percent. Yesterday evening, we had the feds beige book, the Regional Assessment of the u. S. Economy continuing to grow across the u. S. At a modest to moderate pace in recent weeks. A tight labor market. Mixed. R spending was that is worth noting. Crude oil rising today. 50. 66. Data showed crude production rose to the highest gasoline stockpiles climbed for the First Time Since february. Let us get the bloomberg first word news. Here is nejra cehic. Nejra japanese exports throughout the fastest r
Overview on what we are expecting. The main asset class that are moving. He stoxx 600 gaining 1 . Were seeing Bond Investments from saudi arabia. Stocks rallying and commodities rallying. This has to do with speculation that that the fed will remain acome tavet. Let me bring over to my bloomberg terminal. This is the picture for the terminal. Let me get rid of my messages. This is the picture for the c. P. I. Harmonize. Data comes out in half an hour. This is what mccartney will look at to see what he can or cant do in terms of cutting Interest Rates. It has an impact on our prices and the blue sideline prices. Input prices significantly rising more than inflation so far. Lets get straight to the first word news. Barclays says investors should buy european equities regardless whether the Federal Reserve raises borrowing costs in the next three months. Given the support from Central Banks from around the globe, the overall picture is very supportive of stock markets. Australias Central
Controlled by the benetton valley is looking to sell a stake in its company. Then we talk brexit with the former lord mayor of london. Then in an hour, we bring you a conversation on Monetary Policy with the bundesbank board member andreas dombret. Lets check on the data because we have quite a lot going on. This is the picture overall. On the back of what the china gdp brought to the forefront. It is a touch of caution when you look at the Financial Markets. As chinas Economic Data was in line with expectations but at the same time provided few positives for investors. Crude at 50 79 and crude281 at 50. 79. This is monetary conditions. Anything above 100 indicates expansion. This is also an economy that has been widely controlled by the government. You can see that since 2011 we have seen that bump in the beginning of last year and then it is teetering o petering off a touch. Starting on china, Economic Growth remained stable in the thir quarter. Gdp rose 6 from a year earlier. That a