Welcome to the pulse. Live from bloombergs european headquarters. I am francine lacqua. European sex declining for a second day there dollar weakening european stocks declining for second day. Dollar weakening. Contradicting reports and it is unclear what part of the fiscal plan is new. We will try and way into all of that and give you a breakdown. Banks down 2 . We found out late last night that Deutsche Bank and Credit Suisse will be kicked out of the euro stoxx 50 because of the share price has fallen so much in the coming days. Thats get to bloomberg lets get to bloomberg first word news. Nejra typhoon at last the city with wind and rain. It grounded flights. Hundreds of people suck refuge. Soft refuge. Ceohe Berkshire Hathaway tapped the president ial nominee at a slight he may does he made. He made. Donald trump i have not sacrificed anything. Can you stand up to a couple of parents who lost a son and talk about sacrificing . Have you nold trump decency, sir . Challenge trump ret
Wt eyedrops 22 from its june high. The economy stabilizes after running through 40. Less than 30 minutes from the trading day. Caroline, ticket away. Caroline take it away. Play riskit is a down aversion. You will see we are down on the euro stoxx 50. We are lower on the dax as well. A significant drop in oil prices, concerns about the banks as well. Shivers down the spines of investors yesterday. What about the potential for more nonperforming loans . Japan, oil out have a look at the aussie dollar heard aussie dollar. Stabilizing once again 10 the yen, money moving into the yen. Get ¥7 trillion more in spending . Are digging into that with our guests later today. The yield continuing to rise higher. Have not seen much bond buying. Still negative overall. It is all about oil. We are at the 40 mark. Julies boilerplate is trading near 40 a barrel ahead of a weekly u. S. Government stockpile do later. Upsetting industry expectations. Hong Kong Stock Exchange has canceled trading for the
It is hard to get wrapped around the numbers but what is eresting to me is the is the Market Reaction of what mr. Corona can do going forward. Jon then the yen is stronger. The bank of japan runs qe at a clip of around 18 billion every few months. That is how small pieces. It feels like a drop in the bucket. We are going to dig into these stories of the day. The details on this package entering a bear market with ebrahim rubari, ari ebrahim rahbari. Hong kong markets closed because of the storm. The real story was in japan and that was straight off the bat. 1. 4 . Ope, the dax down are the leading losers on the stocks in europe. We will debate that throughout the program. A 101 handle on the japanese yen, dollar yen trading at 77, the stronger yen session in the fx market capturing that risk for a moment. The commodity market is fascinating. We moved to 40 a barrel yesterday. Back, one full percentage point to 40. 61. A big shift in the bond market today. Core Government Bonds, yields
Building. All of this a couple of weeks away from jackson hole. The conversations are really going to build up ahead of that speech for the fed charean net yellen. If she mentions that, were going to have the same kind of move. David theres more of a raise than people think. Alix the debate continues and were going to chris just from energy to opportunity to real estate from sam zell. Plus were going to speak to the c. E. O. Of the biggest Mining Company of the world, andrew mckenzy. There were the fx market, a great market. Its soft on the d. A. X. Down by a half percent. And this is the spillover from equity into bonds. Yields on treasuries coming in three basis points on a five year. Now just 69 basis points on a two year. Were in three basis points on the u. S. Twoyear. The big move is youre seeing a weaker dollar on the crosses against every single g10 currency. Dollar yen, the biggest mover breaking in at 100. And historically, heres the story. Youve go all the way back to 2013 f
President of the Peterson Institute for international economics, adam posen. Stephen king joins us for the hour. We talked brexit in the euro economy. All of that is coming up. Lets check these markets. For the u. S. , yesterday was labor day good happy labor day with a day late. This is the picture among a lot of the asia economies. The stocks rallied in asia. They were rallying in europe. Now they are down to 0. 1 . The hike this month remains subdued. The Australian Dollar rising. Crude oil trading above 45 a barrel after the worlds producers pledged to cooperate to save lives. If you look at nymex, it is higher because of yesterday. Even i on that. Lets get this keep an eye on that. Lets get to keep an eye on that. Lets get to bloomberg first word news with nara. With nejra. Weakness does a dance. A surge in goods from the euro area. A series of data signaling they economic events and europes largest economy has cooled. Bayer has upped its bid for monsanto a second time. The chemic