Fired tear gasly and rubber bullets to drive back protesters blocking hong kong streets with roadsides and umbrellas at a protest for democracy in the chinese territory. Demonstrations began last month in opposition to and tradition bill that has since been suspended, but the movement has become a broader push for full democracy. 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. In his 1 00 in new york, 6 00 in london, 1 00 a. M. In hong kong. I am vonnie quinn, welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories around the world we are following. All eyes on fed chair Jerome Powell as the fomc is poised to cut rates, even as the economy shows signs of strength. Pfizer and mylans drug deal. Theer will combine with generic drug business which could trigger more movement in the pharmaceutical space. The cat is out of the
Than a fewp more percentage points. When you look at the s p 500, we are not close to oversold conditions. We are not elevated but when you look on an aggregate basis, we are below that line where people start to get worried about a potential for things being too overenthusiastic. The major indexes have recovered, the s p gaining 1. 7 . Last week, it had declined. Were back on the slow glide higher. What are you watching . Asked fed next wednesday and i am thinking about bonds, 10 year yields in particular. The 10 year yield the last four weeks it has closed down three out of those higher three out of those four weeks. Bonds are sliding into the fed, perhaps making the case that the rate cut is priced in. This is a longterm chart. You see the great bond bull market. There is two different trend channels, the 10 year yield bouncing off of the higher when. , ithe tenure you hold 2 suggests that any rate cut or future rate cut may be priced into some degree as this happened in the past wi
Big tech which could mean tariffs on french goods and services. And the u. S. Has just weeks to the task is proven near impossible. Impossible. Ear shery equity markets near record highs with the s p 500 at one point top and 3000 for the first time ever. Industrialsnd weighing on the index. The focus was entirely on chairman powells testimony in congress which suggested a july rate cut was on the table. Not to mention we got the minutes from the june meeting. That also showed a dovish turn. Followed that was factored into the markets in this session. Of course we are not done yet. Chair powell testifying again in Congress Tomorrow at the Senate Banking committee this time on thursday. And we also have the ecb minutes out not to mention u. S. Inflation numbers. For the time being, asia futures s p Futures Holding study. Lets get a check of how markets in asia are shaping up. Sophie this thursday asian stocks are eyeing modest gains after a move higher for u. S. Stocks. Broadly Holding G
Could do with de stressing. And well be getting the inside track on the business of stress busting stock market traders could do with a bit of that this week. But for many of us, hectic modern life means we all need a some help to destress. Our next guest says he has the answer in a bottle. Today we want to know the billionaires space race elonmusk celebrates a successful launch of his new rocket if you were given the chance, would you go to space . Just use the hashtag bbcbizlive. I think some days salary would happily send me to space. Send your comments in sally would happily. I know we say this a lot, but were at another crucial stage of the brexit negotiations. Senior uk ministers begin a two day meeting later to thrash out the governments position on what relationship the uk will have with the eu after it leaves in march 2019. Business bosses have already warned the Prime Minister about the lack of clarity and the damage they say its doing to business. The british chambers of com
Group. Restoring local pride. Focussed on repairing a symbol of the city. Its being called the deadliest in u. S. History. 50 people were killed in a mass shooting in orlando, florida. Mourners gathered sunday night at a church near the sight. Rainbow gay pride colors were on display. A survivor of the attack described his ordeal. Im still shaken. Ive been dealing with the situation last night. The shooting started in the early hours of sunday morning. A witness said hearing multiple shots ring out. The fbi identified the shooter as 19yearold omar mateen. According to investigators he worked for a private Security Company and had a firearms license. They found out he purchased an automatic rifle and handgun a few days before the incident. He pledged his allegiance to the leader of Islamic State group. His former wife told reporters he was abusive. A few months after we were married i saw his instability and he would get mad out of nowhere. After a few months he started abusing me physi