,ood morning on Bloomberg Radio good morning on Bloomberg Television as well. Interesting markets as well. We will talk about the market in a moment, whether you need to climb back on board. Lets get right to the yields right now. Yields a little bit higher here. That has proven to be lower prices, stronger yield just in the last hour. Jonathan yields up about a basis point on the 10 year, but yields have been all over the place. They havent really gone anywhere in the last week. Weve been in and around 70 basis points on the 10 year, and that is about where we are this morning. Tom we got a weve got to touch on tiffany. I know youve wondered over in london, and you need the tiffany china mugs for 200 pounds large. But they are not going to do it with lvmh. Jonathan i will take a pass on that. I will be spending less time there, thats for sure. The reason they are giving and the reason people are suggesting is around tariffs on french goods. It is not for me to say whether that has bee
This is a fox business exclusive and we will ask him if electric vehicle drivers are also doing the diy. Ahead of the nfls first kickoff tomorrow night of the season, this long awaited season, theres a former disney executive who is about to show you his field of dreams plan for canton, ohio and the football hall of fame. Are you ready for the disneyland of football . Is nautilus stock the new peloton . And charlie breaks it on why jlo doesnt stand a chance at buying the mets. Lets start the claman countdown. Liz this is a fox Business Market alert. With the backdrop of a market rally, tiffany is bleeding red after french luxury powerhouse lvmh said it cannot go through with its 16 billion acquisition of the american jeweler because the deal is getting mired in trade disputes. Yes, between france, the european union, and the United States. Tiffany is tanking, down 6 . Its filed a lawsuit to enforce the deal. Lvmh for its part is up half a percent. We have to show you shares of slack, a
Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
Side 59 minutes heft in the session. Ahead on the todays show, within striking distance of the lows, Liz Ann Sonders weigh in on whether it is too late to get into the market rally. Plus, well speak from twillio ceo. Think lost steam on the back of the earnings and a stock offerings. Lets focus on the big stories joining us to talk stimulus in the Capital Gains tax is Chris Krueger. But first, mike with you and the Broader Markets. Stepping up a little bit from the highs. We have they make a very near approach to the closing highs from february about 3383. Right now somewhat lower than that this is a twoyear chart of the s p 500. Still doesnt look like much of a moderation in the trend. The v bottom off that december 28 nl lth low, we did get abovee prior september high we had a little followthrough for a new high then the occasion for really the first decent pull back of that run. Also very big moves in treasuries and gold. A lot of the hot money having a little bit of a violent day t
Im yousef gamal eldin in dubai. Quite the risk on session. Lets get you the state of play. The signals were getting between the u. S. And china are encouraging. S p 500 many futures are higher. Quite a few gains in the european stocks story, as well. Tech and cyclical sectors, including autos, are leading those gains. Fund managers are overweight on 2018, according to the latest bank of america survey. Telling bonds standing out, paring middle of the gains. Treasury study in the United States. Eurodollar at 118. 16. Little upside, weaker dollar story weighing on broader g10 space. At a net long position, the least bullish in three weeks according to the latest data. Lets check in on your bloomberg first word news, will be get you some of the other stories were watching, starting off with president donald trump. He says a coronavirus treatment that involves blood plasma from recovered patients will be expanded to more sick americans. It adds to therapy even before researchers fully unde