Ed we will talk about the health of the ipo market. Caroline plus, the latest in the media world. Rupert murdoch steps down. That and so much more. We have had the federal reserve, hawkish narrative. We look at the bank of england and they made a as well. The nasdaq is down a quarter of a percent. 10year gilts is pushing up. 06. Will the fed have to hike later this year . The pound is down. 37 . This is a story of dollar strength. After the jobless data, where 2 on bitcoin. What do you have . Ed microsoft is holding an event here in downtown new york we get copilot, later in the show we will bring you those details. Microsoft up by. 2 . Google cloud is going to ditch broadcom by 2027. It is custom solely can, so therefore broadcom is moving down 3. 6 . Cisco is going to 157 per share. Thats a 30 premium on the Closing Price of splunk thats up 21 . So network. Caroline is this a good deal despite the amount . Splunk had been a target for cisco since january 2022, it was rumored they had
Stocks declining for a second day. A slump in chinese equities in a , which is why we might see exacerbated moves. More dovish than expected Federal Reserve. We had the minutes yesterday. We are getting pmi edit europe, better than expected. Better than expected if you look at services. Manufacturing also that are than expected. Manufacturing also better than expected. We are looking at a pretty strong economy. Au will get to europe in second. Eurodollar currently 118. 45. Coming up, we speak to alexander stubb. Brexit talk to him about and the eurozone. In the meantime, lets get to the bloomberg first word news. Democratsmany social are ready to start talks with Angela Merkel. Totin schulz is prepared offer her limited support for a full term. It is said he could back her in a minority government but not but would not offer another grand coalition. Philip hammonds budget has been welcomed by members of the conservative party, while stilla mays future is questionable. Some ball boy the
And then, well wait on cold front to come 32 saturday talk about what thats going to do for second half the weekend in few minutes. All right dave, thanks. Right now if youre just joining with yous major delays northbound over skyway bridge after a crash blocked for one point in the morning. All of the lanes. Now just a single right lane close to at top of the bridge. Left lane passing severe severe back ups in this ar or so worth of delays if youre crossing water here i highly encourage if you think to get to 75 and use that work around. Please do. You can see how far those delays trickle back to about u. S. 41 is where were seeing that meantime that new crash out of Pinellas County. Skyfox checking out eastbound lane blockage following that crash missouri at drew street make sure youre avoiding this area if at all possible. 8 0 one. A car rolls into a winter haven apartment. That wasnt bad enough for woman and as it turns out, hed been shot. Fox 13 Shayla Reeves is live for us outsid
Pick up as well. Negative rates, plus the global bond rally and the outlook for Central Banks across the world with blackrocks cio rick rieder. That is coming up later in the program. Jon, overall you are looking at equities still near the oneyear high. Positive for the year for the First Time Since january. You see it on the move today, up about. 4 . The ftse up as well, about a quarter of a percentage point. Futures in the United States possible futures in the United States positive as well, getting back to a record high. Eurosterling, that broke out to an august 2013 high at one point in todays session. Better euro strength against that pound weakness. In a commodity market, wti crude closed out last week. Positive again today, up. 3 . 44. 63. Now at friday was all about weak retail sales. Twoyear note is coming in again, down a basis point. We trade at. 698 . The week ahead, all about the fed guides with the minutes coming up, and a treasury market in focus. Asx lots of fed speaker
Newsng the Deutsche Bank into context, type that into the bloomberg right now. What we have done for you, just bear with us. The white line is the size year to default for Deutsche Bank. This is the cost of a fiveyear credit swap, five years ago in 2011 at the height of the banking crisis. But the eye of the storm of the banking crisis, the cost of default back in 2011 was extremely explosively higher, where we are with Deutsche Bank right now. The question is in 2011, as our guest host, will explain a solvency issue and not profitability issue. This is in heart of the banking issue. Is the Systemic Risk . Makesand that chart things a little less worrying i suppose. We saw the respite for Deutsche Bank in yesterdays trading session. Just to highlight what he is been saying overnight capital raising, is currently not an issue, accepting Government Support is out of the issue. They will hold out overcast worried about u. S. Being overblown. That is Deutsche Bank. Manus the one thing i wi