Not enough, wall street getting lift from another company. Another shoe drops, facebook regulators set to launch a separate probe Worldwide Exchange begins right now. We always try to play it right down the middle of the road good morning, good afternoon, good evening from wherever in the world you are watching im Brian Sullivan thank you for watching going to capitol hill where sources are telling nbc news that the whistleblower has been declassified and is expected to be released this morning we have more now from washington reporter in a new nbc news tally indicates that a majority of the house of representatives now favor some sort of action in impeachment proceedings of President Trump. President trump returns now after all of this impeachment talk acting director of National Intelligence testifies before the house and Senate Intelligence committees today. He arrived hours after members read the whistleblower report i found the allegations deeply disturbing. I also found them very
Peoples republic with a deploy of military and economic might. President xi stretches national unity. Protests stresses national unity. Protests continue in hong kong. Manus very warm welcome to bloomberg daybreak europe. Moved the rba has moved and it is a dovish move. The aussie has dropped because the rba is ready to do more. Therein lies the point. There is more slack in the economy. I love the french from steven major. The Central Banks are first, at the front, ahead of the game on rates, ahead of the game on language. Have a look at the risk profile this morning, because it is all about the prism of fx and the markets. The dollar is up nearly 3 in the quarter, the best quarter we have seen since the middle of 2018. It would be for hearty and dangerous to bet on rate cuts to take the dollar down. Bmo says it is the most unloved rally and impeachment could draw it higher. Of course, you know, since the end of june, there is a discussion, the aramco story is front and center. That i
We bring that to you live. Welcome to bloomberg surveillance. The markets. N on the hs is closing shortly and hang seng index sores soars. Carrie lam is going to withdraw her controversial extradition bill. That is the bill that kicked off the last 15 weeks of protests. Some of them with more than an estimated 2 Million People which is an incredibly impressive figure. They got that, hong kong has a total of 7 million citizens. From babies to the elderly. That would be like if you had a protest in america and 100 Million People showed up. Reportthe stock moves on the chief executive carrie lam is going to formally withdraw the controversial extradition bill. We saw moves around europe as well and we even see futures moving higher. Is South China Morning Post reporting the news after months of protests in the city. You can see here, these luxury stocks are getting the biggest boost. Swatch is up, lvmh is up 4 . This is such an important hub for luxury sales, for the chinese, with tons of
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
What is required to bolster the economy. Basisx faces of tech of grilling. The biggest showdown with congress in 20 years. Shery lets get you started with a quick check up on how markets closed. The tuesday session in the u. S. That p 500 halting fiveday rally that we saw in the past week. We have the tech sector underperforming as we had more scrutiny on regulations from congress on some tech giants. The nasdaq fell. 4 . Energy producers were waiting on the s p 500. We continue to see the oil selloff. We had great news when it came to a few earnings. Goldman sachs jumping after the beat on their trading revenue. Pretty solid bailout when it came to u. S. Retail sales in june. Lets see how we are setting up for asia. Sophie this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a twoday decline. A rise in iron ore output. Korean chip related stocks on view on reports that they are Testing Hydrogen fluoride from other countries. Crypt