Investing heading back into the bear cage, we are going to ask economic guru if you should head back into that or follow the breakup optimism that were seen today on the market. Doctor was featured in the netflix dock eseries pandemic, she is the one who coordinates the Pandemic Response in new york city hospitals. She is going to come here today and she is going to tell us what she is seeing now and if she thinks the nation is healthy enough to gun the economic engine once again and maybe this news from dickinson, it might help with the metal to the petal, the medicals tech company just got emergency approval for a new covid19 test, not a vaccine, an actual test to see if you have the virus, you will not be relieved how quickly the test results come in. We have the ceo exclusively to explain. And need the kalamazoo kids, they are too Small Businessman from michigan who teamed up to save their businesses by creating a pandemic product. In my Goldman Sachs says sell your apple sales, th
Set your agenda. Asian equities retreat for a fourth day on more concerns over chinas economy. And after strong us retail sales, add doubt that the feds inflation fight is finished. Uk headline inflation set to take a step lower today, but the pressure is on for the bank of england after the hottest wage growth on record. Plus, the Worlds Largest owner of stocks rebounds thanks to investments in big tech. Well break down the numbers from norways 1. 4 trillion Sovereign Wealth Fund. Well, good morning. Welcome to wednesday and its risk off this morning as concerns about inflation and growth weigh on markets, us futures are flat this morning after the s p 500, the nasdaq and the Dow Jones Industrial average all ended just off session lows yesterday. Equities finally showing a bit of worry this off year after year had us retail sales coming in above forecasts, along with home depot earnings for that matter, underscoring consumer resilience and bolstering, therefore, the case for the fed t
At 10 00, we will get weekly crude inventory numbers from the u. S. Which are expected to drop. At 2 00, it will be the fed decision followed by Janet Yellens press conference 30 minutes later. We will bring you live coverage starting at 1 00 p. M. Today. First, we want to give you a preview of that decision. And so, we turn to mike mckee in washington. Mike, there is not much suspense on what they are going to do on the rate. What are we looking for . Mike it sounds like a cliche, but it is about what they do and not what they say. We will look at the soft patch to see why they need they feel the need to raise rates anyway. What are they going to say about unemployment . It is now below where they were projected in march. The cpi numbers could be very important, because they have to explain what is going on with inflation which has dropped off significantly. Is it going to continue to drop . If so, why do they think so . This all has to do with what wall street takes as its forecast.
Anna a very warm welcome to bloomberg daybreak european open. I am anna edwards. Manus i am manus cranny. A little pieces of breaking news little pieces of breaking news. You are watching for a little bit anna crowe anna i am watching for orange. Manus we have numbers first of all it when it comes to fed, the numbers are rising. Donald trump promises he wants to increase spending on defense by 2 , getting everybody on board. Over 6 billion euros. They confirmed the 2017 target. That is the thing we have been seeing during this earnings season. 330 336s for million euros. Heir orders arising they are coming in that 10. 6 billion euros. Anna lets talk about what is going on in the auto space. Something. Orting the Second Quarter operating profit. That was below the estimate of 1. 54. The korean auto manufacturer, the net income of well below the estimate. Something to explore as to why this business not living up to the estimates, the sales number. We have left irish. Manus we were talki
Classes for you. Futures in the United States, the s p 500 on a three day losing streak. Look at the euro. 1. 08. The politics, the risk diminishes a little bit. A confluence of different pressures taking us there. Alix part of that has to deal with the new pressures. The pound, look at that, 1. 24. That is up 0. 8 . Gold is going nowhere. It is treading water. Crude oil is up about 0. 6 . Jonathan we start with the French National debate last. Macron and le pen coming out on top. Our Deputy Europe chief covers french politics joining us now. Lets start with macron. Where did he strike his blows . I would caution you on saying this is an actual win for him. He went into this as a potential frontrunner, tied with le pen. What he needed to do was maintain that position. It is fair not to say that he maintained that position. Two polls since the debate last peoplehow that 29 of thought macron did best in the debate. That is better than anybody else. That is a good thing. He probably conso