His workforce is the right size after thousands of job cuts. At this point in time, i think we are exactly where we should be. Have,e the environment we to face the forces that we have here it we have. Anna where less than a half hour away from european trading. Caroline, lets check in on where we are. Where had a strong session over in the u. S. The s p 500 that feeding through into the asian equities session. Strong waves coming through in the japanese market. The nikkei up by 2. 4 . The topics up by 2. 4 . Weakness in the japanese currency, one of those factors is driving the markets. We have the equity markets looking as if they will be weaker. Caroline, take us through the other markets. Caroline exactly as you were just telling us there. S p 500 hits record highs yesterday. The feature signals we could slightly gain on that record. Meanwhile youre talking about the asian session. Nikkei 225, this is as we see a significant weakening in the yen, down by. 5 . The other performer of
Back in new york. We are seeing bond year its near record lows. We have never seen this before in history. We will be talking about this through the whole program. Theme. Es, a key it is a testament that is splintering forces in the market. We have one of the most accurate henomists, joshua shapiro, will be here. You dont want to miss this. Once again, a historic move that we are seeing in the markets. Jonathan look at the futures markets ahead of the open and we are points away from an alltime high on the s p 500. And another big headline is on brexit. Sie up 20 post back into a bull market. The weaker pound stimulate some stocks with a big flow of foreign earnings. The s p 500 is going to be in , they madethe nikkei big lives overnight. The biggest drop since around march on the nikkei to 25. The market is doing its thing. The fx market response with a stronger japanese yen. Up 1. 84 . A weaker japanese yen off the back of a decisive election with the Prime Minister over the weekend.
The search for yield is creating crazy conditions. Meanwhile, pimco is loading up on treasuries. Who is right . Less than half an hour to go. Take it to the bloomberg and show everybody what we think will be happening. The fair value calculation on the wei says we will see a softer touch. The story yesterday was a very strong day for european equities. The dax was up very strongly, the cac up 1. 57, the ftse flat. The pound is front and center in that story. Caroline it certainly is, and i want to check in on how it is doing today. We have had a bit of a rampup as the new premise to recep to come in today. Some sort of political stability coming into the united kingdom, riskon tradeof we saw yesterday slowed into asia, up a tense of 1 . Despite those cautious notes, they dont believe in helicopter money. Overall, it has been a buying of equities in asia, up for a Third Straight day, above levels the eu exited. Meanwhile, yen is gathering steam, a reversal in the yen rallying after the
Impressive accomplishment. To me it is. Sandra clinton facing new scrutiny of her private email server. House republicans want a new investigation looking into whether clinton perjured herself when testifying on capitol hill. The head of the head of attorney general bavetta lynch appearance today. Britains rally in New Hampshire with Bernie Sanders. Jordan spieth, the latest athletes applauded the lead next. The top four golfers in the world are not playing in the game. Expect to pay more for your morning cup of joe. Starbucks raising prices on some of its drinks starting today. The company Just Announced it will pay its workers more. Tesla under investigation by the fcc is looking into whether the automaker violated security laws. The s p 500 coming off of a record close yesterday. Futures pointing to further gains on this tuesday morning. Dow futures up 74. 8 s p up nine, nasdaq futures of 24. This coming on the heels of alcoas report yesterday said stocks up in the free market. The
Final in paris. First britain will have a new Prime Minister by wednesday. The current interior minister will take the top job this week after her rival for the conservative Party Leadership dropped out of the race this morning. Prime minister David Cameron has announced he was stepping aside. She will begin in the keys within days. She is now taxed with extricating the country from the eu, despite endorsing the voter remain in last months referendum. We are going to make a success of it. We need to unite our country. It was a case of limited support within the tory party. She is ideally placed to implement brags it on the best possible terms for the british people. After losing for the referendum to provide the leadership our country will need in the years ahead and she will have my full support. Obviously with these changes we dont need to have a prolonged period. The conservative leader announced he would be bowing out wednesday in a transition. He breathed more than just a sigh of