Over 25 billion. Betty i think i even read somewhere that discounted at lobsters were for sale for singles day. Everything was on sale. It is going to be another we have had a whopper of the week last week, it will be another busy week. I want to point to one very key report that will be happening here in the u. S. , that is the cpi, the Inflation Report on wednesday. Right before that we have ppi. What traders are saying is this is the last Inflation Report before the fed makes its decision next month, so it comes in either too hot or too cold, that could have a Significant Impact on the fed and their decision. Lets take a quick look at this it is just a bloomberg chart i pulled up here, it shows specifically how the yield curve has been flattening out. We seem to be on this particular expected rate hike path. Futures are showing over an 80 chance we will see a rate hike next month. If wer, as i mentioned, see a really wacky Inflation Report, that could pull back expectations. Yvonne
Belgium has sealed an agreement with the netherlands and france to draw up passenger lists and introduce passport checks on International Rail services. The move will tighten security on the trains and help track criminalses who might be using them. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Scarlet u. S. Stocks slipping from record highs but they still notch gains. U. S. Stocks slipping from highs that were made this week. But they still notch gained for gains for the week. Joe the question is, whatd you miss . . Scarlet at a joint press Conference Today with the british Prime Minister, trump stressed americas special relationship with the united kingdom. On the same day i held an hourlong phone call with the president of mexico that follows the mexican leaders decision to cansal meeting over trumps plans for a border wall. Plus, President Trump says he still has not made any decisions regarding russian
Good morning, everybody. [inaudible] its great to have you all here. My name is kevin and im delighted to be with you today as your host for this summer. The iif has put together a fantastic program for you focusing on prospects under the new administration for financial services, regulatory reform, Infrastructure Investments, energy policies, and much more. We are honored to have so many highlevel speakers who have given up their valuable time to offer their perspectives today. The iif is delighted to organize this meeting partnership with we all look forward to hearing from the president and ceo Mark Weinberger later today. If you are unable to stay for particular session today, everything will be available on the iif website after work. They keep it as a great job making sure all that content is uploaded and, therefore, your disposal when you need it. Most importantly for all of us who are wired in today, the network for the wifi here is Ronald Reagan building. Log in the 2017 iif p
At how major groups fared. S p 500 energy group was the bestperforming, oil prices up by four present. Joe a quick look at bond markets. Scarlet we have a lot going on here. Let me finish with stocks. Joe yeah, yeah. Scarlet apple, 95 handle. Regulators in china sang the latest iphone saying the iphone violated a chinese patent. I just threw in there the etf that tracks bio stocks, nine Straight Days without again. Techif you were to exclude and biotech, it was not a down day. Government bond markets, sound the alarm, yields rose a little bit. German 10 year yields and positive territory, 0. 02 present. The gain is more than the coupon. Scarlet that is amazing. Joe similar news in u. S. 10 , slight reseeding of the brexit fears. Scarlet we need to mention the pound. Take a look at the intraday. Suspended campaigning once again in the wake of the murder of jo cox. The pound has eked out an advance. On thursday. T of england reiterated once again the Economic Risks of a british exit. Oil
Ceo of the alan Company Conference in idaho, we will have his take on the latest round of the bed for yahoo will verizon make the big move . The story today around global yields of course. Jonathan lets get everyone up to speed. Softer, up byle 1. 5 here in london, the losses piling up and mainland europe with the dax down by over 2 . If you to the headline in the fx market. The lowest since 1985, down by cured alltime low yields, japan, u. K. , u. S. , 10year yield down by 1. 33 . Crude softer at 45. 98. Gold at a twoyear high. 30 right here, right now. Lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories today. Guy johnson here in the city on the pound and the Global Equities and the current in asia, turning negative. Yelena shulyatyeva in new york, and possibly more stress for the u. K. Funds. Lets begin in the city with guy johnson. He joins us with a check of the market at the top, the fx market shining bright red yet again. 28 and