His view on rates. Criticism of the fed, President Trump renews his attacks saying Jerome Powell and his team dont have a clue. Lets look at how markets closed. The dow fell for the first time in five sessions. Session,thin trading after the Independence Day holidays. S p 500 down. 2 , led lower by health care and utility stocks for the main focus during the session was on the very strong u. S. Labor report. 224,000,ayrolls rising leading expectations to pare back some of the fed rate cuts. You have treasury yields, 10 year yield also retake the 2 and u. S. Stocks falling from record highs. Lets see how u. S. Futures are looking unchanged. See how the asian markets are shaping up. Sophie futures are looking at a mix of potential gains in tokyo but we could see declines in kiwi stocks under pressure but marginally to the downside. Asian stocks could take cues from wall street action after the u. S. Jobs report. Speaking of jobs, Deutsche Bankers across the region will learn their fate a
A daunting proposition when the weather is going to turn to 97 degrees later this week. To the day,his is, the anniversary of when it happened in 1997. Questions. A lot of in the meantime, it is a quiet morning ahead of the u. S. Open. Some muted price action. Brent crude reaching the highest level since may. German three year yield dipping a basis point. On theg market currency heels of a less bad that expected gdp report from china. David today we mark the beginning of a big week for bank earnings. At 8 00,with citi tomorrow. Y jp morgan we also get retail sales and Industrial Production numbers. Companies Tech Companies face questions on capitol hill. Netflixy, we get earnings. Thursday, gm unveils its own new made engine corvette. In british open begins northern ireland. That is all coming up this week. We are joined today by Gina Martin Adams and damian sassower. Lets start with those china numbers. I will put up a chart that basically shows what happened. It was the lowest on rec
A transpacific trade fight the wall street journal cited chinese sources familiar with the negotiating strategy and the other conditions president xi jinping will suggest for creating what the business paper characterized as an optimal bilateral relationship the report also listed a lifting of punitive u. S. Tariffs and an abandonment of previously floated pledges to increase purchases of u. S. Products among the proposals negotiators will bring to the table in osaka japan u. S. Negotiators for their part are said to hope just to pick up where the 2 sides were before talks broke down. Meanwhile ahead of his arrival at the g 20 u. S. President donald trump seemed to open a new rift with our allies even as the fight with china drags on mr trump tweeted a complaint about indias decision earlier this month to increase tariffs on 1400000000. 00 of u. S. Imports across 28. 00 counted towards mr trump and his grievances with policies ahead of his thursday meetings with prime min. Mody 1st in
Lindsey graham encouraged you to aim higher. He just said i disagree with lindsay. He is a congressman. What am i supposed to, wait for senators . So i disagree with lindsay on that. He said a higher. What am i going to do, wait until we get somebody in a Higher Office . These are people that hate our country even john, they hate our country. I think, with a passion. It is possible i am wrong. The voter will decide. When i hear the way they talk about our country, when i hear the antisemitic language they use, the hatred they have for israel, and the love they have for enemies like al qaeda where are you suggesting they go . I do not believe this is good for the democrat party. Certainly not the party that i have known over the years. Does it concern you that many people saw that we as racist . And that White Nationalist groups are finding common cause with you on that point . It does not concern me because many people agree with me. They want to leave, they can leave. It doesnt say le
Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional indexes are down further. The dax, for example, down. 6 . Down, as yous are would expect, with a big drop in netflix in overnight trading. Netflix said u. S. Users actually shrunk, shocking the market. Dragging on and adding to an already bad earnings picture. The u. S. Dollar is down. 1193. 55 and other currencies, especially the yen, are getting momentum. Coming up, we speak to the chief officer of a lecture looks electrolux. There are a slew of earnings coming out and it is moving the needle. Lets