Turnaround plan. The end of an era for the house that jack built. The alibaba cofounder steps down from chinas top ecommerce company. Kathleen later in Bloomberg Technology global link, apple is preparing for its biggest event of the year, unveiling his latest iphones. A quick reminder of how stocks ended the day. Kind of never really missed. We saw the s p futures pointing a little bit higher. The s p 500 was interesting today, closing within 1. 6 of its alltime high. That was a move higher. Basically flat at the close. The vix index nearly up 2 . The 10 year yield, bonds are a big story today. Some analysts are seeing the selloff in yields from germany to the u. S. , u. K. In around the world got some momentum from that stock raleigh stockmarket rally. The 10 year note yield. Go to the very far right. Backup to 1. 64. That was quite a move. More recently down around 1. 5, 1. 55. You see that. On themiddle, the yield far righthand side. You can see a bounce up to. 592 around. 49. Down
Weakest number in 17 years. This is below that number. Retail sales also weaker than expected. The expectation was for 7. 9. You are looking at 7. 5 year on year for august. Again, below the july number as well. In terms of fixed asset investment, we are focused on the private sector and estate sector, also missing the surveys. 5. 5 . The survey had 5. 7 . So this is pretty weak data. In terms of retail data, we have seen month on month auto sales for example, a big component and retail sales, falling almost double digits. In terms of Industrial Production you have seen the impact of tariffs, but this awes this august that it doesnt account for the additional tariffs in september so that will be a further drag. Domestically you have weak demand as well. Investment, some economists suspected a step up in terms of local governance and the issue of special bonds to fuel additional estate sector investments. It doesnt look like that has spread through. Across the board this is a miss. In,
The different positions on the fighters has become a major source of tension between nato allies, turkey, and the u. S. Women who say they were victimized by Jeffrey Epstein expressed anger today over his suicide in a new york city jail, saying he deprived them of their chance of justice. Todays hearing was held for the purpose of throwing out the case because of the defendants death, a typical step, but the judge ordered the accusers an unusual opportunity to be heard in court. During the hearing, an attorney s rulingthe coroner that the financiers death was a suicide, with an expert saying his injuries were more consistent with homicide. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 6 00 p. M. In london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the
Along with the forbes media chairman. Its great to see everybody this morning. We have the Federal Reserve. With the pmi coming out. Thats where we first saw the weakness in the economy. The thing to watch for is hong kong. If you get a bad situation in hong kong its can affect the trade negotiations and a lot of other things as well. He was so adamant in terms of this extradition. The demonstrators also realize that beijing has been engaged in stepbystep. This is it for them. Thats where the protesters are. They see the future threatened by all of this. And they dont have a place to go. This is it for them. A does he really feel threatened by this affront to beijings power. The trade talks where theyre going to be be somewhat influenced by that. He thinks it is completely unlike 2015 this is a really serious Pressure Point for beijing administration i think thats pretty serious. To your point its a different crowd coming out. He feels it feels very different in terms of the crowd and
Host good morning. It is friday, august 11. Consumer prices up 3. 2 compared to one year ago. House gop continues the probes into the biden family and military aid deployed to help with wildfire response. Those are a few top stories this week. What is your top story of the week . You to share your thoughts on our phone lines. Republicans, 2027488001. Democrats, 2027488000. Independents, 2027488002. You can text us at 2027488003. Include your first name and city, state. We are on social media, facebook. Com cspan. Welcome to washington journal where we start with the wildfires and tragedy unfolding in hawaii. Here is the Associated Press. Authorities update death toll working to identify bodies. It says that maui county confirmed thursday night the number of deaths increase to 55. Hawaii democratic senator was in hawaii and spoke about the damage done by the fires and is asking for federal assistance. [video clip] this is truly a all hands on deck situation and our people here who have