And syria. We will go to nice for the latest. Then to the debt crisis in pupuerto rico. People of puerto rico need to know they are not forgotten, that they are part of the american familily, and Congress Plus responsiveness, even though this is not a perfect bill, at least moves us in the right direction. Amy while president obama vows to help the puerto rican people, a stunning new report has just beenen released d showing hohowh of t the debt owowed by puererto is not a actually momoney that e island borrowed, but instead interest owed to wall street firms including goldmaman sachs, citigroup, Merrill Lynch, and morgan stanley. In some cases, puerto rico is being paid forced to pay up to 1000 interest. Then we willll speak to the dishwasher at Yale University who was arrested after breaking a stainedglass window depicting enslaved africans carrying cotton. We will also speak to professor Craig Steven Wilder a author of , the book, ebony ivy race, slavery, and the troubled history of
Opposing forces in the market. The young moving higher. Still a lot of issues in europe. Deutsche bank getting hammered again. Jonathan are they really going to use the mexican peso as the proxy for who won the debate . There will be holes coming out. Dont worry. Alix we will have guests break it down through the program. We are looking at former u. K. Chancellor of exchequer george osborne. He will be joining us in his first tv interview since leaving government. It is a bloomberg exclusive. Will join usrack for the full hour. And before the u. S. Open, a discussion of all things election. A little bit risk on, a little bit risk off. Jonathan we are up about a third of 1 . 0. 8 . X down by record close for Deutsche Bank. 3 on the session so far. The ftse 100 in london also soft. We talk about the peso in just a moment. Abouter dollar, down by 0. 25 . In the bond market, look at the front end of the yield curve. We are about three basis points away from an alltime yield alltime low on
Zuma loses a key ally. Is that is for politicians good news for investors . Good morning. Less than half an hour away from the european open. Its a holiday in some parts of the United Kingdom. London out today, scotland not enjoying the holiday, the rest of the United Kingdom is. Light volumes in certain markets. Lets show you whats going on on my bloomberg this morning. I will start not with my gmm function, which looks quite interesting. Let me take it to the wpi. This morning and lets not unlike what we saw in tokyo, a negative open for european indices. Cac is called down, dax is called down. A softer start for europe. But lets go back to the gmm and show you whats happening out in asia. I direct you to this top corner. The nikkei is up by 2. 3 . Why is the nikkei rising . Its fairly straightforward. Word from yellen that rates may be going up; word from corroded that there may be more action from the boj. The yen is down against the u. S. Dollar. These two are closely correlated,
Taking on disney. Sony moviesing in and opening his second theme park. Of me know what you think todays stories by following me on twitter. Dont forget to include trendingbusiness. China and hong kong online in 30 minutes. We have a look at what is happening. It is mixed after that exuberant rally. The nikkei is not playing along. The holiday just ending in into negative territory, down. 2 . Still, emerging markets across the world are seeing huge inflows. Than 20 billion of inflows in the last 16 weeks. On a tear. Os take a look at this chart. Couldiwan Stock Exchange pass its 1 trillion mark for the First Time Since june last year. Taiwan semiconductor leading those gains. Taiwan semiconductor is an apple supplier. Record highs on the new sales of Iphone Models beat estimates. Company has an 18 weighting in taiwan. A big gain for the taiwanese market there, helped by taiwan semiconductor. 30 minutes before the open and china and hong kong. We are expecting the markets to gain slightl
Were worrying about commodities. They both disappointed with huge losses. Tom correlated fragilitys across all markets. Nothing dramatic other than the china news. You follow on 48 hours or so. It is heads up. We have a great set of guests to drive the market discussion. Francine you are right. Lets get bloombergs first word news with caroline hyde. Caroline austria is not waiting for the European Union to come up with a response to the refugee crisis. Wayshave agreed on several to cut off the flow of refugees. Y would essentially limit bar people from countries economist are warning the u. K. Should not need the European Union. Those responding to a bluebook survey says leaving the eu would triple the chance of the u. K. Falling into recession. Those campaigning for britain to stay said it would jeopardize investment, jobs and growth. The u. S. And china has agreed on new human sections to punish north korea for that recent rocket launch. Secretary of state john kerry and his chinese