Stocks drop and bonds advanced. Setting up the potential for further problems. I think there is a good chance that we will see some progress on trade discussions. I am encouraged. Anna a luxury takeover. After theack in talks annuities owner boosted its offer for the u. S. Jeweler. Good morning. Matt lets take a look at futures quickly. They are down acrosstheboard. More severely in europe. The s p, dow, and nasdaq futures are all down. Maybe there is a little bit more optimism. What you see . Anna maybe there is a little bit more optimism. This really does highlights the move to the downside we are seeing and stocks. These are session lows. It lifted the hong kong market. We saw the senate vote to approve that hong kong bill. Wait to see what President Trumps approach will be on that. Lets focus in on the markets. There he good to have you with us. I guess we have to ask ourselves how far stocks can fall if we dont get a phase one trade deal in 2019. There have been reports this morni
Now out of germany. I have my screen here on the bloomberg terminal. We can see the number coming in a little bit better than expected. The business number at 94. 6, the survey was for 94. 5, and that is better than the 94. 3 that was the prior meeting. The expectations worse than expected, this is where we thought we might see the disappointment. Indeed we got it. We were looking for 92 and we got 91. 3. Course lower. This is better than the estimate of 96. 9. But bottom line is the is atations down at 90. 8 disappointing reading. Lets look at what is going on in markets, a little data check, the stoxx 600 is up 0. 2 . It has been up all morning long. We even have the dax showing gains, 0. 1 . The cac is up as well as the. Tse, 0. 2 we see the individual indexes rising. The euro falling a little bit in dollar terms. Down . 48 a barrel. Crude coming down as we see the u. N. General assembly get ready to hear Donald Trumps speech later today. The u. S. 10 year yield also coming down as
Peoples republic with a deploy of military and economic might. President xi stretches national unity. Protests stresses national unity. Protests continue in hong kong. Manus very warm welcome to bloomberg daybreak europe. Moved the rba has moved and it is a dovish move. The aussie has dropped because the rba is ready to do more. Therein lies the point. There is more slack in the economy. I love the french from steven major. The Central Banks are first, at the front, ahead of the game on rates, ahead of the game on language. Have a look at the risk profile this morning, because it is all about the prism of fx and the markets. The dollar is up nearly 3 in the quarter, the best quarter we have seen since the middle of 2018. It would be for hearty and dangerous to bet on rate cuts to take the dollar down. Bmo says it is the most unloved rally and impeachment could draw it higher. Of course, you know, since the end of june, there is a discussion, the aramco story is front and center. That i
Moving lower. And republican president ial Candidates Campaign in iowa evover the weekend, but trump faces an indictment over his attempts to overturn the 2020 election loss in georgia good morning welcome to street signs. We have big down trades from asia today Chinese Markets in focus we are watching the hang seng down 1. 5 . Knikkei is down 1. 3 . Investors are focused on all of the commentary from the chinese Home Builders and the issues with the bank loan data for the month of july. Lets get to jason ong who is joining us with more color of what is happening with the overnight markets, jp. Reporter good morning. It wasnt the start of the trading in asia. We didnt have much to go on it was a lackluster handoff from wall street and catalyst and data release to chew on. It is a concern of the chinese Property Market which is keeping people risk off in the part of the world. No one is falling off a cliff. There are losses from the hang seng which will close in a couple of minutes. You
international rival is being tied to a number of major stories this evening. china is pushing back on a threat by u.s. officials that the social media site tiktok could be banned country wide if chinese investors do not sell their interest. there is also word american banks may have to reimburse companies in china for losses from the collapse of a major u.s. financial institution. allegations that several members of president biden s family received payments from a chinese energy company. we will take you to capitol hill. and new information about what china may be doing inside ukraine. we have fox team coverage tonight. jacqui heinrich at the white house with the tiktok story and the ukraine angle. chad pergram on capitol hill tells us about the chinese ties to silicon valley bank but we begin with senior national correspondent rich edson who has new information coming out of the hunter biden investigation. good evening, rich. rich: good evening, bret. the chairman james c