The moves weve seen markets everywhere were rattled by this news look at the treasury market. The tepyenyear went all the w down to 1. 89 . This morning the yield is lower, 1. 847 this is happening as you look at yields rolling back to levels we have not seen since november of 2016 the 30year is yielding 2. 377 the twoyear is at 1. 70 the five year at 1. 648 overnight in asia, stock theres took it hard you will see that the nikkei was down 2. 1 . The hang sens off by 2. 35 the shanghai was down by 1. 4 . In europe this morning, there are red arrows there as well with significant losses. The cac is down by 2. 75 the dax is off by 2. 6 the ftse off by 1. 9 so around the world all of this, people are watching closely to see what this means for the economy. Maybe no better market to see that in than the move in crude oil prices yesterday wti was off by more than 4. A decline of 7. 9 . Thats the worst single day performance since february of 2015 concerns about what this all will mean for t
And for International Health and also the director of strategy at microsoft with those engagements providers next to hear from an investigative journalist from Fortune Magazine contributor and a carnegie fellow her book bottle of lies reveals fraud in dire conditions with the overseas manufacturing plants were those costs are made and the third panelist who is professor and director at seton hall university. Also a senior fellow for Global Health counsel ford relations with the roundtable series and Global Governance project. Finally you will hear from craig allen president of the United States counsel prior to joining csp c the long career in Public Service which calls multiple tours in asia culminating with ambassador 2014 through july 2018. I ask all witnesses to keep your remarks to seven minutes and we will start with you. Good afternoon its always a pleasure the last three years have been marked by a recognition of the Us China Relationship specifically and the globalization more
Tariffs put on hold as china agreed to buy more Agricultural Products in exchange for taking smartphone maker huawei off the u. S. Blacklist when it comes to u. S. Companies selling to huawei. But were told that huawei was a National Security threat over and over again over the last few months. Which is it . Former deputy trade representative is here exclusively to explain how huawei could go from enemy number one to just another chip in the trade war and it went so overnight. July 4th fireworks turning out to be a dud for the dow. We do have good news. The good news is the s p 500 right now is on track for its 95th alltime record high close since election day. If you just look at the dow which is up 42 points, it was within 28 points of hitting dow 27,000. That was before noon. Nearly all of those 290 points in gains have shrivelled away. Plus are American Farmers the big weekend winners . Which farmers . Very unspecific right now. We will pick some of the winners here. Irans Nuclear
Good morning. This is bloomberg daybreak europe. I am in london. These are the stories that that your agenda. A weak picture on asian markets as fed officials to further rate hikes debate further rate hikes. You can russias commodity export. Oil is steady. Benjamin netanyahu tells bloomberg exclusively he will not pursue the entire overhaul originally planned by his government. I will still give it several months to try to get another consensus. It will probably be about the composition of the community that elects judges. Not to get into a point where the Legislature Just knocks out any decision that the court needs. There has to be a balance. Request good morning. Happy monday. Welcome to a new week. Treasury radios are edging higher. All of that after that mixed u. S. Jobs report. Just as there was in the latest fed speak. Him talking about a pivot to a hold and her talking about potentially more hikes. Traders pricing about a 40 chance of another quarterpoint hike by the end of the
the global monetary pivot that was what some commentators were declaring on wednesday, after the us federal reserve said it had probably finished raising interest rates, and signalled it was planning to start cutting them next year. but clearly, neither the european central bank nor the bank of england got the memo. they left their rates on hold and said it was too early to talk about cutting them. in fact, here in the uk, three members of the bank of england monetary policy committee actually voted to raise the interest rate above its current level of 5.25%. the bank is worried that inflation the rate that prices are rising is still not under control. our economics editor faisal islam reports # last christmas, i gave you my heart.# liverpool s christmas market the festive spirit is here, but little sign of a marked upturn in the economy. people here continuing to have to cope with new surges in the cost of living, even as inflation slows. i sold my car last week. car