Surveillance. These are your markets. We are seeing a bit of an upside as it comes to the stoxx 600. One thing, the lse is investigating some of the delays on what they are seeing in the stock price. There was a trade issue, which means we have delayed opening for some of the biggest stocks. We understand the lse, the London Stock Exchange, will give us an update in about 15 minutes from now at 9 15 bsc. There is a bit of a risk on. 1. 55. 0 year yield at if you look at dollars stabilizing, 110. 85. Later, we will review an exclusive interview with Brian Moynihan, a banc of america chief executive. In the meantime, lets get straight to the bloomberg first word news in new york city. A Trading Services issue. Trading some of the biggest stocks on the London Stock Exchange has been delayed, the second such outage in a little more than a year for one of europes guest markets. Been delayed for parts of the ftse 100 and to 50. Other parts are operating as normal. Is a special relationship i
Biggest cut ruled out a 50 basis point cut. What will powell say today . All that, so much more on making money. Neil House Speaker nancy pelosi says, emergency bill aimed at relieving the humanitarian crisis on the border will be voted on today. Some democrats are playing politics. 4. 5 billion to spend on migrants and families detained at the u. S. Border. Officials are saying that the situation is dire. Shelters are holding three times the people off bircapacity. Hillary vaughn with the latest. Reporter house leaders are hours away from even debating the bill and bringing to the floor. That gives Speaker Pelosi time to corral people to support it. It gives time for leftwing democrats to defect to decide not to support the bill. The speaker needs 217 votes to push this through before congress breaks before 4th of july recess later this week. House majority leader steny hoyer thinks they can get it done in the next 48 hours. That doesnt leave a lot of wiggle room. House republicans sa
Coming up, i bid comes back into bonds every brutal beat that evaporated. It sends a shudder through the Corporate Credit market. We begin with the big issue, all eyes on wyoming. Jackson hole. Jackson hole next week. Next week, jackson hole. Jackson hole is going to be two points of focus. If we really come down to powell to be on message. We dont really think we will hear a big change in narrative. What is the fed ultimately looking for . They are likely to take a look at why demand imbalances. Labor markets will decide how much they need to adjust the over night fed funds rate. The fomc participants should be looking at the last three months worth of data. The fed has done so much already in terms of delivering those hikes. These are not going to be near term policy decisions of what they need with rates next month. Rate hikes at the september meeting. Maybe the fed doesnt need to hike. We are not certain blessed hike is behind us. The fed will keep rates higher for longer. The fed
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Fivemonth wing strning streak o far. Its the busiest week of earnings season with more than 160 s p 500 constituents reporting. Merck, pfizer, uber, jetblue, marriott, caterpillar. Weve got a lot of different earnings reports to get to this morning. I mentioned caterpillar. It did top estimates also lower sales and potentially tighter margins in the Third Quarter. The companys ceo will join us later. That is just the bearish they had a great number. Well talk about the fact that they dont even have enough product. The bears like to get to it very early. This is routine. They did it before they took the stock down from 230 all the way down to 206. Jim, what we spoke listen, the bears didnt know what they were doing then the stock went straight up to 265 im absolutely happy to deal right at the front. 2 top line revenue growth, 22 . Thats called good. I didnt mean to get right into im not disputing its good it is good the only question is whether or not the stock has already accounted fo