China was joined by south africa, brazil, and india, who all signaled their concern that the president s comments on climate were unsettling the International Fight against global warming. Former president barack obama will take part in a conference with german chancellor Angela Merkel in berlin next month. 25, will take place in front of berlins landmark where mr. Obama delivered his speech as president in 2013. Organizers say the discussion is democracy, taking responsibility at home and in the world. And that is held every two years. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Michael live from bloomberg World Headquarters in new york, i michael the key. Abigail the s p 500 is well on its way for the worst decline in three weeks but off of its lows earlier. Joe the question is, what did you miss . Michael welcome to a new earnings season. Growth to be the strongest in two years. The devil
From mercedes and. Shares opened shortly. And mission to moscow. With no sign that the kremlin will change its stance on assad. Matt less than half an hour away from the start of european equities trading. Take a look at futures. Basically green across the board as far as European Markets are concerned. The euro stocks 50 futures up a quarter of a percent. The dax up one third of 1 and the cac is a. It is interesting to see the green arrows there especially if you contrast them with the red arrows we saw in asia overnight and the big risk off trade. The s p is battling. Obviously a big feature on that landscape. Lets get a bloomberg first word update. Sean spicer has apologized for saying adolf hitler did not used chemical weapons. It came as [inaudible] ascer said someone despicable as hitlers did not use chemical weapons. Chinas president spoke to donald trump yesterday urging nuclear about the program. Should settled peacefully to be committed to peace and stability on the korean pa
Im anna edwards. Manus and im manus cranny. Algorithms abound in the market, smashed down 6 at its worst point today, but that is nothing. On the brexit day, we dropped by over 8 . We dropped by 6 and saw it come back to a decline of 1 , standard deviation. There they are. This is one standard deviation, two standard deviations. Has dropped by approximately one and a half standard deviations. Goldman sachs says there has been a big psychological break. That break of 120 changes the dynamic. On one platform, it traded down to 113. 78. Hollandether francois had something to do with it during a very low volume period of trading, that is something to consider. Lets start the risk radar around the pound and show you how we are recovering. The pound was selling against a number of currencies, not just the dollar. We have recovered a bit, that we are still down 1. 5 against the u. S. Dollar into down by 1 against the euro. We have seen is essential move, or the Great British selloff. Manus th
Merchandise developed over 40 years. We are 30 minutes into the training day in the u. S. Lets head to the market as with julie hyman. Wish they wouldve written in the margarita discussion during the break. Lets take a look at stocks. Seeing a selloff in the u. S. Despite the rebound elsewhere, especially in european stocks. In the u. S. , it is not happening. The nasdaq is down. 5 . Lets took at the lets take a look at the bloomberg. We have commodity stocks higher. On the lower end, Consumer Staples are selling off, particularly soda stocks are getting hit after philadelphia instituted a soda tax. Technology and health care lower. Technology, there was a ruling in beijing against apple same the company in france on a patent of the chinese phone maker saying the company infringed on a patent of the chinese phone maker. It just applies in the city of beijing, not elsewhere in china, but could set a precedent for other cities and regions. Are also and alphabet taking a hit today. We are
For many markets. The dax is up 1. 24. France is you will over a 1 so is the ftsi. And crude oil rising for the first time in seven days. Wti up by 66 cents. And also look at currencies. The pound making a sharp comeback this morning after tumbling to a more than two month low. Both the uk referendum campaigns have been suspended after the killing of jo cox. Gonna show the currencies because problem with the goes back to 1. 43 in watching it. The betting market, didnt get up to 70. Now i think the betting market was the pound. That might be a better indication of whats happening. Right. The one market thats really kind of got its finger on the pulse. Im sure the betting market obviously it is not as big as the foreign currency market or the pound. 1. 42. And then we didnt show gold. Gold is gold is going down. Gold is going down. After seven straight days. Now you are ready. No im not. It was down like 8, 10 or something. But its on a roll. Down 11. 11. Long way to go. In the meantime.