Dispense to us it was like one of these all coins where they have a pretty mind and they give it to their friends and the friends are supposed to disperse it but weve had this situation of the global insurrection against banker occupation and i want to turn to a tweet stream that somebody read tweeted into my stream this past week and that was a tweet i had sent august 26th 2012 so this was a year after we had started talking about bitcoin. A little bit over a year actually after we started talking about on kaiser report as a response to this global insurrection against banker occupation and i had tweeted to john when tonus that other than this bully on basis episode member basis fired for talking about gold on our show i have to say our big coin episodes have caused the most wrath and havoc so in our comments we would see that over and over especially the gold bugs and the supporters of our fee out system that keynesians they would be very very angry if we ever talks about gold and ju
Number. Headline gdp growth is in line with what everyone expect it. Government spending data, quite strong. There is some upside risks to the economy. The consumer and the labor market side of things is looking good but manufacturing is under pressure. Pretty significant dislocation between the industrial economy and consumer economy. It is the composition of the data that is worrying the fed. A furtheree deceleration in the u. S. Economy going forward. Ultimately, we are moving back toward a lousy trend. Jonathan joining me around the table to discuss is marilyn watson, bob michele of jpmorgan, and george bory. Marilyn, you know how this works. You pick your bias, look at your data, and confirm the price. There is something in this for everyone. Marilyn thats right. The data was as expected, shows an economy that is still very healthy, decelerating to trend. It is above the feds own expectations of longterm growth. You saw very healthy personal consumption. So i think it is pretty go
Crime bill that he helped write. In a speech today, the democratic president ial candidate was expected to call for an end to the disparity that pleased stricter sentencing terms on certain drug offenses. He will also propose an end to the federal death penalty. Several of his rivals have blamed the bill for the mass incarceration of racial minorities. The chinese vice premier that declared martial law before the tournament square crackdown has died. E was 90. Ordered was eventually into the square, which led to the deaths of possibly thousands of people. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, im vonnie quinn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters committees are the top stories on the bloomberg and from around the world. Trading low, we will speak to and snape is hoping for an earnings beat
Dominates in terms of the overall gdp number. Headline gdp growth is in line with what everyone expect it. Wage growth, Income Growth has been relatively strong. Government spending data, quite strong. There is some upside risk to the economy. The consumer side of things and the labor market side of things, but the manufacturing is under pressure. Pretty significant dislocation between the industrial economy and the consumer economy. It is the composition of the data here that is worrying the fed. Potential pockets of weakness. We do see a further deceleration in the u. S. Economy going forward. Ultimately, we are moving back towards a lousy trend. Jonathan joining me around the table here to discuss in new york marilyn watson, bob michele , of jpmorgan, and george bory. Of wells fargo. Maryland, lets again with you. You know how this works. You pick your bias, look at your data, and confirm the price. There is something in this for everyone. Marilyn thats right. The data was as expect
Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv