The former fed official draws criticism after suggesting the central bank hold back on stimulus that would help Donald Trumps trade policy and reelection. The president s deadline. Italys political leaders meet today seeking agreements on new government. Failure could mean a new elections as soon as november. Bp exits alaska. They sell their business in the state for 5. 6 billion saying it is no longer a competitive investment. Good morning. Matt good morning. We are looking at bund yields down to 70 basis points right now. Take a look at the threeday trade. Yields continue to follow how lower fall lower and lower. For the most part, futures are pointing to a negative open right now. We have futures down just marginally on dax futures and ftse futures. Futuresowing cac falling more significantly. Anna we look at europe versus the u. S. We will see how that levels itself out. I have a mixed picture coming through in the asian session. A bit weaker over in the chinese markets. The Invest
Omar welcome to daybreak europe. A warmfed took up welcome. If the fed took up dudleys advice, to the boxing ring that donald trump wants to draw the fed toward, which is doing his bidding and contaminating the white house. Farhe big question is how we have gone with the dovish shift and the pricing in the market it would help at the fed walked back the direction its on now without big volatility and without increasing the tightening and financial conditions as well. And of course the whole political separate discussion we will get into within this hour. Manus if they did accelerate the rate at which that shifted gears there, would be driven by politics . Lets talk about the markets. A wonderful phrase that means enough. Have a look at dollaryou want. Its the message from the pboc, they have had enough. Nine days of dropping been consistently time to move the market along. This is the yuan against the basket which reads the lowest level in nearly 15 since 2015. When you got here is the
I am in for francine lacqua. Lets check in on the markets and get a quick look at what is going on. Yield see an allnew low on the u. S. 30 year bond. The long bond came down to one point 1. 90 . It has bounced back, but still, that paper is weighing on the yield. You can see that across the curve. Brent crude is rising. The nymex wti is as well. It has been a rally for oil as as u. S. Stockpiles came up better than anticipated. And gold, coming off of its highs just a little bit but very little change to the bottom. 1541. 64 as u. S. 10 year yields are negative, making gold more attractive. Now lets get bloomberg first word news in new york. Sees an opportunity to restart bta european union. German and french counterparts. Officials tell as they appeared to relax len which on the need for the irish backstop. Dropping the position language on the need for the irish backstop. These requests are related to Financial Information on donald trump and his family but whose returns are still a
Ident richard nixon. Protects more than 1600 plant and animal species, californi nnqottorney general quickly vowed to fight the Trump Administrations move in court. The ve next day, california joined 29 states and cities in a lawsuit against another trump m8fyh aonenviro regu5 zhons, obamaera rnrestrictions on coal g power plants. Kevin and dan who join o welcome. Thank you. Qdangered species act change. Whais at stake for california when the federal government move s in like this. ww nit is a huge deal. And gea deal for the state of california. Species alive, the condor, the grizzly bear, what it t is talked about is how it effects the osystems of california. We have more plants on the endangered lista han animals. Huge deal. And california has more endangered species than any other state be sides hawaii. Ourr is f land. Even though california might have strong laws, you know, a lot of the places in the state are not covered under these ro ctions that we have. Dan, one thing that b
President richard nixon. Protects more than 1600 plant and animal species, californi nnqottorney general quickly vowed to fight the Trump Administrations move in court. The very next day, california joined 29 states and cities in a lawsuit against anothetrump m8fyh aonenviro regu5 zhons, obamaera restrictions onpocoal burning r plants. Kevin and dan who join o welcome. Thank you. Qdangered species act change. What is at stake for california when the federal government move s in like this. ww nit is a huge deal. And a huge deal for the state of california. Species alive, the condor, the grizzly bear, what it is not talked about is how it effects the ecosystems of california. We have more plants onthe endangered list than animals. A huge deal. And california has more endangered species than any other statbe sides hawaii. Our is even though california might have strong laws, you know, a lot of the places in the state are not covered undthese protections that we have. Dan, one thing tha