T. J. Maxx as well, they are not all retailers having problems, both Companies Reporting better than expected results. Not only home depot which was rising on expectations but we have also got unexpectedly good news out of her when the ceo and cfo were buying shares but they were buying shares convinced that it would be a very good travel season. At all of that up and you can understand why the Federal Reserve in San Francisco also, John Williams indicating he could see two or three rate hikes this year and all of a sudden a gimmick that we were not going to see any rate hikes changed. Today. That is the sentiment today. 45 points. There is Something Else going on, kentucky and Oregon Holding their primaries. The republican race is settled but the democratic one even though it looks settled is far from resolved. Amicable relations between the two premier candidates. What is at stake for each . Hillary clinton and Bernie Sanders . You hear from a lot of Bernie Sanders supporters who say
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
Johnson . Where did this summer go . Guy we had to the summer. This was the first summer in ages nothing happened. Last august it was china blowing up and greece. This is the summer to relax. Tom we just saw good english data, didnt we . Guy absolutely. The bounceback is there in the Manufacturing Sector. The british pound has gone down. No effect on manufacturing. We have a big drop and suddenly a number coming through. I dont know what to be more excited about, the comments on Monetary Policy not working or the data out of the u. K. Tom right now, lets get to the Bloomberg September 1 first word news with taylor riggs. Donald trump has returned to form an immigration. In phoenix the republican candidate made it clear he was to build a wall on the southern border with the u. S. And make mexico stay for it pay for it. There will be no amnesty. Status,ot obtain legal or become a citizen of the United States by illegally entering our country. Day,r earlier in the donald trump flew to mex
Were added 240,000 net jobs were added. Unemployment was low. Observing hourly pay for workers rose by 22. 2 over the past 12 mont bs, its not months, its not fantastic but is a sign employers are confident enough about economic prospects for now to pay workers a little more and add more to the payroll. Yet the stock market. The offsighted barometer for confidence has been looking shaky, as you can see. Stock prices have slipped by close to 3 . Those sax markets, by the same markets, by the way, is still up. All is up 50 over the past five years, tell that to investors as the growth slows down, see europe and japan struggle and add the bad memories that some have of the financial worlds implosion of 2008. And you understand why some, maybe you, get concerned. The truth is that the past eight years of recovery have been slow and painful at times, it was shepherded in large part by the Federal Reserve. The freed kept the Interest Rate at historical lows, making money cheep and easy to bo
Were added 240,000 net jobs were added. Unemployment was low. Observing hourly pay for workers rose by 22. 2 over the past 12 mont bs, its not months, its not fantastic but is a sign employers are confident enough about economic prospects for now to pay workers a little more and add more to the payroll. Yet the stock market. The offsighted barometer for confidence has been looking shaky, as you can see. Stock prices have slipped by close to 3 . Those sax markets, by the same markets, by the way, is still up. All is up 50 over the past five years, tell that to investors as the growth slows down, see europe and japan struggle and add the bad memories that some have of the financial worlds implosion of 2008. And you understand why some, maybe you, get concerned. The truth is that the past eight years of recovery have been slow and painful at times, it was shepherded in large part by the Federal Reserve. The freed kept the Interest Rate at historical lows, making money cheep and easy to bo