We took the same approach with the israelis and the Palestinian People the politicians tend to talk about political things but we try to focus on our what are the things that will help people live better lives help their families have Better Futures help them pay their mortgages help them be better providers and we think that this plan can really accomplish that. So the last slide is just showing you the breakdown and all the Different Industries again all those details on the website and i want people to review it very carefully but it shows that the money that wed be investing is fairly well distributed obviously Transportation Mobility infrastructure with power and water Digital Services those are about half of it and thats very very critical theres still Government Support right now the government runs a deficit but over time they should be able to raise their tax base to be to be selfsustaining and then you know education terrorism Natural Resources Health Care Home ownership agri
Its breathtaking. It has the benefit of surprise. Viviana july is here. The fomc has signaled rate cuts may be coming. Clevelands fed president shares exclusive insights on the policy outlook. I think the fed funds rate is about at neutral right now. Viviana plus, expert perspective on what is ahead for the global economy. I think the market is getting a little bit greedy in terms of rate cuts. There will escalate, be a global recession. Viviana it is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. The week began on a note of optimism after president s trump and xi met at the g20 summit and agreed to restart trade talks. Francine the u. S. And china have agreed to a trade truce and say they will revive stalled negotiations. This after talks on the sidelines of the g20 summit in
Jobs report are moving markets today. And the u. S. Womens soccer team claimed the world cup trophy once again. The highlights and the brewing controversies. It is wednesday, july 8th. Fbn a. M. Starts right now. Im still standing. Better than i ever did. Looking like a true survivor. Feeling like a little kid. Im still standing. After all this time. Cheryl welcome to fbn a. M. Anfbn a. M. Im cheryl. Tracee im tracee carrasco. Cheryl a lot happening in the markets. The dow is down 43, s p down 4 and a quarter, nasdaq down 18 andahalf. Tracee lets take a look at the yield on the 10 year treasury. You can see once again up about 2 . It soared over 2 , its highest jump since january after that jobs report on friday. Cheryl weve got more data coming out this week. A few things to watch, Consumer Credit coming out, thursday, the Consumer Price index, another gauge of inflation and mr. Powell will be testifying as well. Tracee as tensions in iran continue, lets check on oil right now,. Chery
Alix even President Trump took to twitter to congratulate the team, versus a couple days ago, when one of the women said we are not going to the white house, and he said why dont you win first. Now apparently very proud. David it was a great game. The u. S. Was really taking it to the netherland for the first half, but they kept it up in the second half. Alix go team usa. In the markets, you have powell coming out in the next couple of days. Drive up Market Reaction for this week. Eurodollar lower by 1 10 of 1 . The dollar getting a little bit of steam in the last 20 minutes of trading. Crude also quiet. It is a quiet market with idiosyncratic events turkey, like Deutsche Bank. David what a nice word to use. Alix right . David idiosyncratic. Time now for the morning brief. Today, British Conservative Party members mail in their votes for the next Prime Minister, widely expected to be Boris Johnson. On tuesday, the Allen Company conference gets underway in sudden valley. We also get chi
Fed. David today is jobs day. Last night, july 4 celebrations, including in boston led by alix steel and carol massar. It does strike me as i talk to you over in europe that one of the really iconic moments is an overture written by a russian composer, tchaikovsky, about a european war in 1812. It is kind of ironic. Incidentally, i remember trying to play that. With all the cannons firing, very difficult. But i digress. Seeing the market may be not hoping for them many fireworks. Lets have a look at the data right now. S p futures pointing downward. European equity markets a little bit sluggish. The euro is a little weaker. German data came in disappointing. Yields on the u. S. 10 year around the 1. 96 level. Weve seen selling in stocks and bonds in the european morning. Ive put iron ore in the data check today, not oil, because we seem big drops in iron ore in the Asian Session once again. It has been dropping like a stone. Story ise iron ore really quite something this morning. It is