Steeper falls on this but this is still early doors with what is going on with the benchmarks. Certainly what we also have going on is the treasury market as well. Seen a bit of the paring of the gains we have seen. Yields moving slightly to the upside. 1. 71 or thereabouts on that. Looking at futures. Flat for the s p on the futures. Lending a little bit of support. Cnh pretty much on move, we could see a gradually could get weaker. The offshore yuan 7. 07. Looking at sterling, we have 1. 30. Ver we have continued polls coming out suggesting the conservative well, boris johnson, did with the majority after the december 12 election. Thats what we have at the moment. Lets go to new york and join su keenan. Su we start with President Trump who is done a you turn on nato switching 180 degrees from his criticism to claiming credit for strengthening the alliance. Trump was especially vocal on efense spendingspens complaining that washington bears the burden for your safety. He warns nato me
Threatens to escalate the trade war with china if a deal isnt reached. He says the deal is close but provides view details. Spains ibex is the worst performer. The party is still short of a parliamentary majority and tullow oil and the iea wants global demand. We are live at the ubs European Conference where well be hosting a global panel in about 40 minutes time. Charles plosser and peter praet, the former chief ecb economist good morning one of our top stories today, trump has called on the fed to cut Interest Rates to negative he resumes criticism of the Central Banks policy and insisted the bank has restricted the u. S. We are actively competing with nations who openly cut Interest Rates so that now many are getting paid when they are paying off their loan. Negative interest. Whoever heard of such a thing. Give me some of that our Federal Reserve doesnt let us do it later today, Jerome Powell is set to address the state of the economy to congress. The central bank said the rate cut
Congressman kevin brady will be with us at 8 00. For on hour on set. We have united ceo who will join us at 8 30 a. M. Before all of that, we have two hours. We have a big show today. A lot of special guests. Ron baron. I think this is the 11th year squawk box has joined you live you bring together the investors and ceos and talk to top managers, you also entertain them big guest youvecli included inh past have included rod stewart, and more the star front and center has to be the companies you are vested in lets take about your theme. Why whats next . We are looking at faster growth in the future for the economy, stock market, what do you mean people have higher amounts of cash now Central Banks cant agree on what to do there the fear is estimate those funds for years now a superstar investor cant raise enough to have a business that is viable theyve done well 11 years now they dont want to give it back the stock market today is the same valuation as it was then. Then, it was a mixed
The hong kong drama turns the page as u. S. Lawmakers vote to support the protesters and review the citys relation with china. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures under a little bit of pressure after we saw u. S. Stocks really rally throughout the session and major indices gaining about 1 . The s p 500 at one point topping 3000. Health care in financial stocks leading the gains. Johnson johnson, unitedhealth and jp morgan reporting solid results. We also have the nasdaq closed 1. 25 higher. All of this as 10 year yields gaining for the fifth consecutive session despite the fact the imf came out and cut the Global Growth forecast for this year for a fifth time. Let see how things are shaping up in asia. Sophie it is the bank of koreas turn in the hot seat today with a 25 basis point cut expected and the politically key jobless rate due as moon jaein attempts to create employment. Futures adding about 6 10 of a percent. Cindy futures
Syria. The move comes days after washington effectively okayed the operation. The u. K. Government pushes ahead with brexit, although the current eu president says there is no chance of a deal this week. Shery later in Bloomberg Technology global link, we will outline the possible rescue plans for wework and what softbank can do to save the struggling unicorn. Lets get you started with a quick check of the markets. U. S. Futures at the moment unchanged after stocks fluctuated between gains and losses throughout the session. The s p 500 was led lower by utilities and materials. The Energy Sector down as wti lost the most rampant about two weeks, 53 a barrel. Investors still trying to figure out what a partial u. S. China trade deal actually means. Acrosslots of anxiety markets. Pretty light trading. We saw about 30 below average volumes when it comes to the 30 day average. We had u. S. Debt markets close away on holiday, so pretty thin trading. The focus this week now switching to earni