Stronger u. S. Dollar. You can see that here at the bloomberg u. S. Dollar index up over 12. 75 and dime excreted gaining . 65 per barrel, currently at 84. 40. All three of these things here are bad for this thing here and that is why you see stocks dropping. Abigail doolittle is here with a look at the earnings so far and we have had and still have a ton of earnings to come. Abigail, 40 of the s p 500 reporting this week. 15. 8 trillion of market cap recorded. You did a great breakdown of the macro pressures for the s p 500, nasdaq 100. Here are the micro pressures and we have a tale of two stories in the cloud. Microsoft of 2. 7 up to. 7 on strong cloud corner, revenue over of 13 , betterthanexpected. Back in the team growth area. Their cloud is much better, up 29 and above the three preceding quarters, even though it did not top yearoveryear growth estimate. Take a look at google or alphabet, down 8. 9 , between its worst day from last year and march of 2020. That is the degree of s
Australia. The top stories this hour, treasury yields hitting fresh highs for the year as the fed chief signals further delays in cutting Interest Rates. The dollar on his best five day run in 18 months. Jay powell shifting his message after surprisingly high inflation readings, saying rates can be held as long as needed. More recent data shows continued strength in the labor market but a lack of further progress this year on returning to our 2 inflation goal. A rare sweep for the biggest u. S. Banks on trading income. We will look at the set up on those remarks from jay powell signaling the rate cut delay. We have seen a steady streak of inflation surprises in the fed chair saying it would be appropriate to get policy further time to work but they can stay higher for longer for as long as needed, really pointing to the lack of additional progress made on curbing price pressures. That is setting us up for a mixed open in asia. The hawkish comments are playing through when it comes to r
Largest coaching deal in nfl history, reportedly a 10 Year Contract approaching 100 million. Global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. Im Mark Crumpton, this is bloomberg. Julia live from bloombergs World Headquarters in new york, im julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. We are close to the close of trading. The question is, bloomberg daybreak australia. What you mess . Herlet white house economic can gary cohn says the government may be pushed back. Drilling far and wide. The Trump Administration proposes to open almost all u. S. Coastal waters to oil drilling, sparking environmental concerns. We get firsthand insight. A hiring cool down in the u. S. As the economy added fewer jobs than expected, what does it mean for President Trumps goal of getting growth to a sustainable 3 . Julia whatd you miss . More salt on the wound for taxpayers. States like new york, new jersey, and california have been forced to
More quickly than anticipated and the bank of canada expects inflation to remain near 2 three 2019. The u. S. Tax reform is likely to curb canadian investment growth. Bank of canada raising its overnight Interest Rate to 1. 25 . Eady we are seeing the dollar spike. A. 5 gain in the dollar in reaction to that. There had been a bit of hedging in recent days. The bank of canada might consider nafta and a breakdown in nafta talks as a central risk and might hold off on this raise, but that has not happened. We will hear from the bank of Canada Governor later in the day. He will be interviewed by bn n. It will be interesting to get his perspective on nafta and the other issues facing canada. Here, we are seeing stocks which rose to a record closing level, seeing moderate gains in todays session after the gains yesterday melted away midday. The dow still not about 26,000 above 26,000. We have some push and pull in todays session. On the plus side, big cap text docs seeing strengthening. Ibm
Operation managed to save everyone on board of two boards distressed in libya. The recent humanitarian and medical assistance. The coast guard has saved more than a thousand migrants in the past week. European commission chief says that the offer is still on the table for the United Kingdom to remain in the eu, even after both sides have entered the second phase of their divorce talks. Addressing the eu legislature, he said that we are not throwing the british out, would like them to stay. The exit of Great Britain is a catastrophe. That we all have to deal with the consequences of. Says that even if article 50 is set up for the u. K. To leave, theres an article that would allow them to a seat again, and i would be happy to facilitate that. Proposedr says that he new puzzles to settle a 25 year dispute involving greece and macedonia were progress can be made. With the core shares of both countries today, he is very hopeful that this process is moving in a positive direction. Leadership