Anywhere in the bond market. Crudear yield totally bucking its train from yesterday. Were selloff in over four years. The worst selloff in over four years. We are going to kick things off , the morningtters news that is moving the world. We are going to kick it off with china responding to the trade escalation. Ministrygn spokesperson saying china will have to take necessary countermeasures. We took now to bloombergs chief is a correspondent chief asia correspondent enda curran. Enda a pretty robust response, as you would expect. They said they will retaliate if the u. S. Goes ahead with these tariffs. They stop short on specific details, but the thinking is that china could respond by making life much more difficult for u. S. Companies operating within china that could divert purchases of agricultural goods away from the u. S. And scrapped those promises to buy more u. S. And they could let the yuan soften against the dollar. They probably have some restrictions on what they can do in
Irans foreign minister speaks about the future of its nuclear deal. United states has shot itself in the foot. Conversations from the g7. You now need countries that have the fiscal space to stimulate their economies. Abigail its all straight ahead on bloomberg best. Abigail hello and welcome. Best, youromberg weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday come investors digested a slow Economic Data that came out over the weekend from china. Chinas economy continues to slow with sluggish domestic output and trade tensions since theoss down early 1990s. Dp grew six. 2 , how bad is it . Its slowing on a quarterly basis and the takeaway is the activity numbers for june that picked up in retail sales will stop also fixed Asset Investments all headed in the right direction, all eating estimates and of you look at a pickup in, cosmetics sales on a turnar
Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
Nasdaq up by 33. However the new york fed, bullard as you mentioned and others are pushing back on this idea that a bigger cut will be coming the new york fed itself putting out headlines saying that speech was not about potential policy actions at the upcoming fomc meeting, this was based on Academic Research done by John Williams i dont ever recall hearing the fed walking back what somebody was out there saying a lot of fed president s have spoken to us over the last 10, 12 years at this point pushing become a bit on that. Lets look at what happened overnight in asia. You will see the nikkei was up by 2 . Big swing back for it. Hang seng was up by 1 the shanghai up by 0. 8 . Again, the nikkei reversing course after the weakness we had seen the day before. European equities this morning, you will be seeing green arrows there. The dax is up by 0. 3 . The cac and ftse up by 0. 2 . Italy and spain weaker italy down by 0. 9 look at the treasury market. Right now on this friday were headin
Why the u. S. Treasury yields may be headed all the way to zero. The Halftime Report starts right now. Welcome. Good to have you with us on this wednesday. Our Investment Committee today, joe terranova, jim leventhal, the brothers najarian and lets begin today with the tech story. Keeping our eyes on capitol hill as well where special counsel mueller is testifying. Theres a live picture of that but our big story is the tech trade. Facebook reporting in a matter of hours the very same day it agrees to a 5 billion settlement with the ftc over its privacy scandal doc, ill come to you. Facebook calls a big position there the best performing faang year to date. What now i think it goes higher, judge. Although i did see late in the session before we got to the Halftime Report, i did see a fair amount of august puts being bought for protection. At the 205 strike, and that was just within the last hour. Other than that, scott, i think as senator blumenthal said, this is just a slap on the wris