British Prime Minister who will demand an early election for the second time in a week. We either go forward with our plan to get a deal or somebody else should see if they can get us in beyond october he tells cnbc that bond market holders need no longer be called saying investors need to take the asset class. You will lose we had a major player in the bond market that is involved for noncommercial reasons. Happy friday. First lets recap the price action over the last 24 hours. Very positive session for u. S. Equities and actually u. S. Indices are about 2. 5 from record highs yet again despite volatility those indices continue to make a come back and that after better than expected Services Data yesterday. So weakness on the unemployment sub index but better data on the services but but of course the number one narrative and the expectation of a meeting between china and the u. S. In washington next month thats giving a little bit of relief to investors. Well have to see what happens
Looms. President trump says talks with china will happen. Not ready yet. Warning against stimulus. The cpi today is likely to favor them. The case against no deal. Legal battles over boris key decisionns, a at 10 00 a. M. Less than half an hour away from the european looking at german bunds. Weare down a little bit but clawed back some of the negative yield we have given up. The ecb is on my radar. Equityake a look at the futures. Green arrows acrosstheboard. Green, too. Was now it is next. Dax futures are gaining. Ftse futures unchanged. What do you see playing out . We are seeing that mixed picture. Maybe there is a line being drawn. The asian section has looked a little more positive. Markets rallying after wall street did so. If the clues are light. Nightent trump last talking about how conversations in trade were happening yesterday. We will see what comes of those. The south korean kospi higher they did suggest maybe there would be further cuts to come. Movement in the south kore
In europe, the dax up 1. 5 the cac up 1. 4 . Ibex up by more than 1 . Looking at the treasury yields the tenyear yield cracking 1. 7. Went out on the day at about 1. 71 the tenyear yield now at 1. 675 tom and i were chatting about a blog post from pimco saying u. S. Nominal yields could go negative dont blame the Central Banks, there are also Secular Forces at play that could bring down u. S. Rates. I think thats what happened overnight. It caught a bid because of that blog post. Thats a big story with pimco, the Largest Bond Fund manager in the world saying rates could go negative, rates could go negative. 1. 67 on the tenyear yield. Disney shares are under pressure this morning. The company reporting earnings of 1. 35 a share, missing analyst estimates by 40 cents. Revenue coming in short of forecast disney blaming costs related to the creation of its new streaming service, which we knew would cost something and the integration of foxs entertainment assets which it bought for 71 bill
Off. We are looking at markets this morning, firmer tone. 102 points higher, nasdaq up almost 50 points, all three majors rebound yesterday on trade and currency fears, beijing and washington still in stalemate with china digging in for drawnout fight, pretty good market yesterday, lindsey, your reaction . Yeah, im actually surprised the market is taking everything that we learned through the last couple of days in such good stride, again, today like you said at the top of the show you see the yuan being weakened. Not to the extent we saw sunday night which sent the market into kneejerk reaction. I think what we are seeing the two countries are in it for the long haul and i dont expect us to have any resolution before tend of the year and we go to a point of no return, we go too far and the Economic Impact around the global is really too, too far to come back from. Definitely stoke uncertainty, dagen. Dagen uncertainty that the Federal Reserve cant fix, uncertainty is the greatest enem
Corporate bellwether. Manus warm welcome to zurich. The numbers hit the tape. Of linesa couple coming through. Net profits recovered considerably after a challenging 2018. Net profit attributable to shareholders, 343 million earnings per share. Adjusted net profit, 398 million, an increase of 18 p. M. When it comes to the numbers that matter, it is net new money, 6. 2 billion in net new money. Course thes of Succession Plan and julius baer. He will join me very soon in the next hour. 1. 7 years ago. To 400t this building up billion swiss francs. He joins me after 7 00 a. M. Some people say he spent two years, nearly two years, tidying it up. What will rickenbacker deliver . Million in net profits. The adjusted net profit, 390. 5. It is all about changing the nejra cehic julius baer. How changing the story act julius baer. T changing the story and julius baer. Nejra secondquarter revenue coming in at 4. 7 billion euros. Estimate with 4. 5 9 billion euros. 4. 59 billion euros. Margin ine