Talking about how it might be wise to park your money in the shorter end of the curve at the moment because that is where you will get the most value. Dollar Index Holding onto those atengthening inclinations 98. 55. Crude back below 60 a barrel. We will speak with paul sankey of mizuho and get his thoughts. S,y a bit of breaking new the fed will conduct that repo 1010 am. And close the then the repo got canceled for foral reaso technical reasons. Mike mckee will be on shortly to explain why this is important, particularly just before this into spaded fed cut. Lets talk about where we are with the markets. We are now seeing a significant dropping in the price of crude. The brent benchmark was down by 5. 5 . Reports suggesting we will see 70 of saudi crude back in the near term. Certainly taking the shine off the price of crude. European stocks feel like they are in prefed mode. You can see that on the other side of the atlantic as well. We are just waiting and watching. Getting into th
Accelerate their race to the bottom on Interest Rates. Central banks are willing to go and willing to go big. Wall street banks expected trim bonus for traders. The u. K. Stumbles towards brexit, deal or no deal. If there is going to be a deal it has to be the first couple of days parliament returns. Nejra sorting through a barrage of earnings reports. The left wants to see profitabilities. The law of large numbers is catching up. We call it the star wars stumble. Nejra experts on how they are reading at jumble. China and the u. S. Aligned economically. I do not think the feds job is to make sure theres not a recession. Nejra all straight ahead on bloomberg best. This is bloomberg best, the hello and welcome. I am nejra to hedge. Cehic. This is bloomberg best, the weekly review of the most important business, news and analysis from bloomberg around the world. After President Trump announced new tariffs on china last week, beijing vowed to retaliate. Their reaction sent shockwaves throu
What is happening with Deutsche Bank. Stocks really, havent strayed too far from the flatline today. We initially rose, then started to fade a little bit. The stoxx 600 down now only 2 10 of 1 . Deutsche bank initially rallied around 5 this morning. This afternoon has really completely turned around. The stock is now trading down by nearly 6 . This was not the reaction, i suspect, that those in Deutsche Bank were really looking for today. This is not been a huge vote of confidence in the Restructuring Plan Deutsche Bank has put out. However, more of a vote of confidence in the new greek government. ,reek bonds continue to rally falling by another six basis points. Thats get back to that big story on what is happening within the banking sector. Tsche bank glow very Deutsche Bank delivering its biggest turnaround effort yet. It will exit its equities business and take a restructuring charge of 7. 4 billion euros. 3 billion of it will be in the second quarter. Here to discuss all of this
European Energy Stocks not leading that story, which is fascinating. Energy stocks are trading higher, but it is actually some of the raw material stocks and proxy stocks doing a little better. Crude and wti both trading higher. Yesterday we were sub 60. I spent the morning in bern with the smb, delivering its rate decision. The market didnt really get much new. The tone very similar to the previous meeting. I think just at the margin, considering what happened at the ecb last week, caused a little bit of surprise. Franc higher. Ut vonnie mounting tensions in the gulf of oman after two tankers were damaged in an attack, sending prices spiking. Its been a few hours since the first reports. What do we know now, simone . Reporter there were two oil tankers that were attacked. There were explosions that happened. There was a fire aboard at least one of the tankers. Crewmembers were evacuated. There were earlier reports that a torpedo was involved. It is a little unclear so far. We know thi
To talk about the key legislation. Lets check on bloomberg first word news, with emma chandra. Bill de blasio says fire officials know there was only one person in todays bombing. A 27yearold man believed to be the bomber is in custody. He was wanted along with three other people. It is a new credible threat against new york city. We will bring you more information as we get it. Russias president made a surprise visit to syria and ordered most Russian Troops should begin to withdraw. He met with the syrian president. It is the First Time Since he sent rested Russian Forces there to back us up and the civil war. President trump plans to make closing arguments for the republican tax cut on wednesday. According to a person familiar with the matter, the speech will take place in washington. House and Senate Negotiators are trying to work out the differences in the tax bills. Returning to saudi arabia. Movie theaters are returning peters they shut down theaters back in the 1980s and a wave