So we are looking at case counts going up and in equity market going up. We are seeing treasuries coming off, you see three bits today, but what we are seeing as well is a steeper and steeper curve. What does that signal, and ultimately will we see Central Banks stepping on that . What we have coming up for the rest of this program, we have a great our lined up. Lets talk about the highlights coming up later in the hour. We are going to get more oversight as to what is happening in china. Alpine chief strategist will be coming alpine macros chief strategist is joining us. Here in europe, the ecb is warning that the eurozone faces about two years of downward pressure during a webinar this weekend. The ecb president , Christine Lagarde said she does see a turnaround after that. Inflation dynamics will be impacted with disinflation to begin with, and then inflation that will occur, that we will have to anticipate, that we will have to measure, but it will be most likely based if we have a
He also said g7 leaders could takegree on what it would to invite russia back into the group of leading democracies. Abeident trump and shinzo are hoping to make their trade agreement a done deal. That is when they are planning a signing ceremony. Onan will cut tariffs american beef and other agricultural products. That will help farmers hurt in a trade war with china. Meanwhile, the u. S. Will hold off on imposing tariffs on japanese cars. Brazil president joe your bolsonaro faces domestic and International Pressure to combat the crisis of wildfires in amazon. He pledged action to control the fires. The u. S. Has offered its support to tackle the disaster. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. York, it is 1 00 in new 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here a
Are following this tuesday, oil firststudy after aramcos half showed no surprises. Income fell, but still the most Profitable Company in the world. Argentinian stocks in the peso, potential to roil wider markets, too. Shery lets get a quick check of markets closed. In the market session, another down day for submarkets with the s p 500 falling below 2900. Financials and materials led the declines. The s p 500 at 1. 2 . The nasdaq also fell. Risks rising in argentina. Political uncertainty in hong kong. Coined futures following falling the most since 2013 on a bearish outlook report. All that added to pressure across the market. U. S. Futures up 0. 1 . Lets see how we are setting up in the markets. Selina . Selina after that down day in the u. S. , asian futures set for a weak open. Chicago nikkei futures change, but futures and seoul, sydney and new zealand down 0. 8 . Markets were closed yesterday in india, malaysia, thailand, japan. Concerns about political unrest in argentina, hong
Not for a not for profit group. 251 Mass Shootings in the u. S. David so the shootings over the weekend were one of Many Political developments were watching all over the world this morning starting with those violent protests in hong kong. President trump tweeted this morning in part, we cannot let those killed in el paso, texas and bloomberg daybreak die in vain. We can never forget them and those many who came before them. He just tweeted out a few moments ago. The new york stock change and the nasdac will observe moments of silence and President Trump will make a further statement later in the day. We welcome marty schwenneker to the show. The president said hes in favor f background checks. Thats not going to happen. It did pass the house overwhelmingly. It was stocked like a lot of legislative efforts in the senate. Mitch mcconnell can bring that bill to the senate floor. He can call back the senate to pass such situation but conflating it with Immigration Reform is just going to
Saying this is really serious. Livedt, kyle lowry, who in toronto but now plays for the golden state warriors, said this is not toronto. We are nice people. In fairness, the crowd just immediately reacted, but then there was an eerie silence after they figured out what happened because he was really badly hurt. Alix nothing like sports to bring up the massive competitiveness. In the markets here, on a news flow basis it feels very calm, but we are seeing some fall through to the rally. We are continuing to climb higher. S p futures up by about 12 points, eurodollar flat. You are buying stocks, selling bonds, but only in the u. S. The move not really seeming to freak anybody out quite yet. We had a huge rally in bonds last week. Are we reversing now in crude . Up 7 10 of 1 . David in the morning brief, 8 15 this morning, ubers ceo is speaking washington, d. C. At 8 30, u. S. Ppi numbers for may. At 1 00 this afternoon, the u. S. Treasury is selling 100 billion in threeyear notes. Teslas