Politics and economics here. To my knowledge, nobody has asked for clearing to move from a business standpoint. Francine good morning. This is bloomberg surveillance in london. E lacqua we have a lot to get to. The fomc meeting some underpinning everything we see on the market. Bunds are very important because they are getting closer to taking out that 0. 5 yield level by the day. Todays push could be coming som comments by the bank nonstandard measures. Oilnted to show you crude as well, 45. 47. Lets get straight to the first word news. Reporter the United States has warned military action might be necessary to deal with north korea. This is after the test of a Intercontinental Ballistic Missile on tuesday. The United States is prepared to use the full range of our capabilities to defend ourselves and our allies. One of our capabilities lies without considerable military force. We will use them if we must, but we prefer not to have to go in that direction. Reporter the Trump Administr
Norwegian wealth fund says it has returned from 2. 6 in the second quarter. They must have had a big position. If you are looking at the way that the Norwegian Wealth Fund is structured, they have a you look at when stocks, and then they have bonds. The Real Estate Holding returns them 1. 2 . They face many challenges. That is something we need to keep an eye on. Lets get on to the rescue of your data check in. This is what i am seeing overall. The markets are on a little bit of a rebound, especially for stocks. It is august 22. European stocks are joining the rally across most of asian equities, following three days of losses. Trading volumes, once again depressed. Even withreating, ray dalio saying he has reduced risk. Reporter the command review u. S. Forces are confident in the ability to destroy north korean missiles. Pyongyang threatened the United States with merciless revenge for carrying out annual military drills with south korea. Steve mnuchin says President Trump could keep
30 minutes left of the friday session. Another week to remember. There you go. Global macro movers. Declines in the equities. Weeklytrack of a second gain. The biggest in a month, but declines today post draghi. The number of earnings are disappointing. Hugh is red. Lets get to the earnings. Daimler, arise. Robust demand for mercedesbenz luxury cars. Woos new buyers with suvs. His doctor the forecast for earnings, slightly higher than 2015 it stuck to the forecast for earnings, slightly higher than 2015. It protects revenue to remain flat compared with last year. The shipped mostly related to weaker demand for trucks. Daimler has a performed european auto peers. Isple is the global, blue daimler, and the white is the euro auto industry. Lets stick with the truck industry. Volvo, thirdquarter operating, falling. Heavy truck demand outweighing a program to reduce cost revenue falling by 6. 1 , missing estimates in industrywide contraction in north america. Prompting it to cut production
Emotional farewell address. Ryan it was a 10 minute speech. He came out with his wife samantha and three children. And he said that you know, he took some time to talk about how he has improved the economy and remember, when he came into office in 2010, there was still a lot to do in terms of repairing the economy after the financial crisis. He thanked the country so much service and graciously the countrys Civil Servants and graciously welcomed recent may theresa may. There wasnt a lot of policy in the speech. And it mustve been a painful one. He is 49 years old, just short of his 50th birthday. As such he is the youngest Prime Minister to give up power in this country in 112 years. So he came out and did what is the convention with his family appeared in front of hundreds of cameras and members of the press and said his part and headed to Buckingham Palace to make way for theresa may. Shery lets delve in a little bit into camerons achievements. He has two referendums under his belt.
Meetings and say if we will get dissent. If we do not see process, i pledge another fetched these 42016. Monetary policy on wednesday. The secondlargest public pension plan in the u. S. Portfolioinvestment value at 193 billion. You dont want to miss that conversation coming up. Jonathan treading water. That is the way things are set up. Equities are positive in europe. The taxes moving higher as well. By around. 6 . Eurodollar, it is a snooze fest in the fx market. I will talk about that later. Positive, but just only by. 1 . In the mind the market, a rollover on crude today. Brent back 7 10. We talk about this stealing of the yield curve, jake peavy bonds, and right here in the u. S. On treasuries. Treasuries at the long end, 30 year yields at three basis points. Today, centralbank decision. Alix it is finally going to happen. Lets check in with our Bloomberg Team part indepth coverage. Where one day away from that decision from the fact and the boj. Iswashington as wells fargo chief