Talking about raising rates, minneapolis president tells bloomberg there is no need to rush another rate rise. Continue to call for 23 hikes this year. They all speak late in the day. Manus less than half an hour away from the cash trade. Very interesting turnaround weve seen this morning. Yesterday the equity down across the board with the exception of the ftse and the u. S. Looking at red arrows. Today we are looking at futures that were read a half hour ago. After so many issues came up yesterday, brexit, greece, the French Elections, i lost to talk lot to talk about. Is theat we are watching euro well bid on the back of what we saw last night and france. We are looking at a oneweek handle. We are trading at the moment. To bid. Certainly i just want to mention what is going on right now. With iron ore. Look at what is happening. Iron or getting back in local that as well. Quite a run and and adjusting trade. Enough chart that shows what is happening with iron ore. The aussie is lack
Has not had much luck with Health Reform i doubt they are talking about moving onto tax policy but there is the deregulatory portion of the president s agenda that could go ahead without congress. Today, you will be signing an executive order to roll back obama era energy orders. Here is kevin cirilli. First and foremost, President Trump is going to completely reverse the former administrations Environmental Protection policies. Has approved he several pipelines that he says will create job growth. However, he also has upset the environmentalists. Al of that said, it has been busy week on capitol hill as the investigation into the potential russia meddling into the u. S. Election continues, particularly in the senate. Officials are going to testify. David as much as we would like the president to be focused on tax reform, it seems like he is distracted by russia repeatedly. The honesty tax reform issues, there is another deadline looming. Markets may have to react to that. Tell us abou
Francine safety in havens. The dollaryen, 109. 61. We are now rolling over just a bit. The vix still steady but over 15. That has be fixed the vix breaking the 15 level. Gold softer after a big move yesterday. Oil on the front, 5 10 of 1 . Wrappedt is the markets up. Coming up on the program, guests including the eu commissioner of the economic Financial Affairs. Larry summers, the former u. S. Secretary and a ceo. David geopolitics continue to take center stage for business and markets today. Secretary of state Rex Tillerson meeting with the foreign minister in moscow and saber rattling over north korea. We are joined now by our National Security adviser. In new york, we have our chief washington correspondent Kevin Cirilli. Starting with nick, as i understand, the secretaries meeting with Rex Tillerson right now. What are we looking for . The u. S. Has low expectations for these meetings what they are hoping for is for russia to say we will think about it. The u. S. Proposal is that
U. K. s Supreme Court, with 11 judges to hear the governments case on triggering brexit. Manus you are welcome to bloombergs daybreak europe, are flagship morning show in london. Good morning, i manus cranny. All eyes will be on the bond and equity markets, and the currency market. The world wakes up to its Third Political dislocation in as many as six months. Brexit, trump, matteo renzi. What happens next in the bond markets will be critical for the policy of the European Central bank. This is italian market calm before the potential political and market storm. Paul krugman is trying to gain a possible euro prices. What you have is 10 year Government Bond yields, the best rally in as many months. Weve rallied nearly 20 basis points. The spread against germany widens, with action down now 160 basis points. Will we retest those wide areas . The risk premium for Holding Italy, of what happens next, of who is the next leader of italy, is whats going to play out in Global Markets over the
Session lows. The hunt for yield, the hunt for safety is alive and well. We have utilities seeing a bid today. Higher by. 6 . Of course, the big, big move today happening in the gold markets as well as the bond markets. Guy is with us for the next two hours. So what are your thoughts right now . Unbelievable. This is fascinating. I think this is historic stuff. Its not the time this is the time to sit back and evaluate what is going on. Were at the s p 500 off the all time high. We were here last week. What should you be doing today . You should be gathering questions for the weekend. What are the questions you should ask . Why are Interest Rates in germany negative . Why are ten year yields in the United States 1. 5 . What does brexit mean for global economies . Those are the questions you should be writing, emailing them to your adviceor. If he or she cannot answer the question, you have the wrong advis adviser. You dont have to do anything in terms of market participation, but you n