How on earth can anyone get a hotel room right now . Tom they cant. Some substance may come out of it. Im watching more e. C. B. Than opec. I think it could be interesting. Caroline through surveillance for the five hours this morning. But right now to bloomberg news. The opec ministers are in a meeting this hour with production policy atop the agenda. Delegates familiar with the situation think saudi arabia is ready for a deal with opec members in an attempt to mend divisions. No formal offer has been made. The e. C. B. Is in vienna for the rate decision. Economists see no change on the horizon. The president will brief reporters after they set policy. The projections are set to reinforce the monetary easing that the e. C. B. Is struggling to meet inflation goals. Angela merkel is headed for another conflict with the turkish president. The parliament is voting on condemning the Ottoman Empire killings and deportation of armenians as genocide. France, russia and other nations recognize
Bonds as we get q2 gdp this time tomorrow. Earnings, the busiest day of the season. Majors like facebook and ford on the move, dow chemical, inside look of the quarter from andrew. Hey, you get on to my cloud. Oracle buying netsuite for 9. 3 billion citing strats youlike synergies. The final day of the Democratic National convention ringing endorsements for Hillary Clinton from the president and Mike Bloomberg last night. The candidate takes the stage tonight and we will go live to philadelphia. First up, facebook with a massive earnings beat that has the stock set to hit alltime highs this morning. Eps 97 cents, beats by 15 cents, 6. 4 billion in revenue, monthly active users 1. 71 billion an mobile continues to grow, mobile ads 84 of the ads that facebook shows. Mark zuckerberg stressed video again and again on the call. Even turning a question about pokemon into an answer about video. Take a listen. One of the big themes were talking about here is becoming video first. Right. And as
Pick up as well. Negative rates, plus the global bond rally and the outlook for Central Banks across the world with blackrocks cio rick rieder. That is coming up later in the program. Jon, overall you are looking at equities still near the oneyear high. Positive for the year for the First Time Since january. You see it on the move today, up about. 4 . The ftse up as well, about a quarter of a percentage point. Futures in the United States possible futures in the United States positive as well, getting back to a record high. Eurosterling, that broke out to an august 2013 high at one point in todays session. Better euro strength against that pound weakness. In a commodity market, wti crude closed out last week. Positive again today, up. 3 . 44. 63. Now at friday was all about weak retail sales. Twoyear note is coming in again, down a basis point. We trade at. 698 . The week ahead, all about the fed guides with the minutes coming up, and a treasury market in focus. Asx lots of fed speaker
Is all about the data. China outperforming, that has helped the bid. Italy and france coming in light, a mixed field across the globe. Onhas a significant move Asset Classes. Coming up, we will delve into all of that. Take of Americamerrill Lynch head of economics joins us ahead of the jobs report. Plus, why he says the fed should overshoot its 2 inflation target. 25 hours until the important jobs numbers, markets wait and see but we got global pmis and a little bit of risk taken on. In the equity market, the dax off the high for the session but pmi cominga german in line with estimates and European Banks seeing a huge rally, the biggest threeday jump since july. A little risk, especially across europe. The fx market, the stronger the u. K. Pmi coming entity 10 month high, the other story is still going to be the relatively stronger dollar, the dollaryen 10369, now at a onemonth high, the dollar grinding slightly higher. , the china pmi coming in almost at a twoyear zinc,leading copper
Members have been since that last meeting and why the market is certainly so much trouble making sense of it all. Netflix has been sweeping the emmys lately. Now it may be ieng the oscars, the company out with its first feature film, it opens nationwide tonight. We have details on that and we will talk to a shareholder who is not real thrilled about that. Silicon valley darling being called into question. We have the wall street journal reporter behind the controversial articles on blood testing startup pharanos. Lets start with this story about china and the problems for billionaire steve wynn and his casino empire. Jane wells has that story for us right now. Guys, you know what happened with earnings yesterday, they were not good, they continue to be bad. If you told me a year ago that steve wynn would criticize the Chinese Government the same week he hosted Bernie Sanders and Hillary Clinton in las vegas, i would have lost that bet. Wynn has long been a china fan. Here he is one yea