Banks in europe are having a pretty solid day as well. The frank for motor show is underway. The pound catching a little bit of a bid today. Basically, what is happening in the stock market, weve got like volume. We are seeing a rotation. Banks and autos doing well. The cyclicals are doing well. Defensive bond proxy type names not doing so well today. Vonnie we have a treat now because we are sticking with markets and the economy. Investors ought to be keeping a close eye on a series of moves from world Central Banks as recession concerns in the u. S. Grow. Lots of metrics pointing to a potential slow down. We are joined by ed hyman, evercore isi chairman, a top economist for almost 40 years now. One of the things you do that is so amazing is you have a whole series of your own indicators. You survey all sorts of industries out there privately that dont get surveyed by the government. What are you seeing from those surveys right now . Ed in general, they are pretty good, although i hav
I am Francine Lacqua here. First to the markets because there is a lot going on. We are covering brexit. It is not only about brexit. There is a lot going on in the wider market. I am looking at oil. The implication of the Saudi Arabia Oil market, because the king will meet the minister for oil and petroleum. We will see what impact that has on their policy going forward. 6. 92 for oil. You can see the index unchanged. Chiefiller speaks to the executive at the herbert motor show. About brexiteaking with lord adonis soon. Said the Prime Minister plans to defy legislation requiring him to ask eu for brexit delay. That comes after the resignation why she couldnt stay on. I supported Boris Johnson and his approach and i was right to do that. The consequences now, one senior. Olleagues expelled this made my position untenable. Francine joining us now is andrew adonis. Roles in thes labor government. Lord adonis, thank you for coming on. We are back to two years ago where there is a multiple
We dont see the clear offering offramp in terms of how either party is going to get to a point of having successful discussions to resolve it. Nejra and following dorian. The deadly hurricane continues to strike the bahamas, but the winds weaken. Its movements we are tracking its movements. Matt good morning from the german capital of berlin. All eyes are focused on westminster today. You are down there on the green with the cast of important actors in the brexit drama that is set to unfold over the next 58 days. Yeah, absolutely. What drama it is. This is a critical week that could see the u. K. Had for its third election in 4 u. K. Head for its third election in four years. Many members of Boris Johnsons own party are putting a bill forward to try to delay the, deadline to extend the brexit deadline to avoid a no deal brexit. If Boris Johnson does not manage to agree a deal with the eu, the Parliament Approves or does not manage to get no deal approved by parliament, then that extens
I am in for francine lacqua. Lets check in on the markets and get a quick look at what is going on. Yield see an allnew low on the u. S. 30 year bond. The long bond came down to one point 1. 90 . It has bounced back, but still, that paper is weighing on the yield. You can see that across the curve. Brent crude is rising. The nymex wti is as well. It has been a rally for oil as as u. S. Stockpiles came up better than anticipated. And gold, coming off of its highs just a little bit but very little change to the bottom. 1541. 64 as u. S. 10 year yields are negative, making gold more attractive. Now lets get bloomberg first word news in new york. Sees an opportunity to restart bta european union. German and french counterparts. Officials tell as they appeared to relax len which on the need for the irish backstop. Dropping the position language on the need for the irish backstop. These requests are related to Financial Information on donald trump and his family but whose returns are still a
We see a bit of a drop when it comes to european stock equities, down some 0. 4 . A lot of the focus is on what Central Banks will and wont do in the upcoming days. Looking at pound, because of herschel he parliament and the suspended. Rogued, 1. 63, soear yield at it is stabilizing a little bit. We will be speaking to a Morgan Stanley chief executive. That interview coming up at 7 30 p. M. London time, but first, lets get straight to new york city and the bloomberg first word news. Of the chineser communist party taking aim at comments from a peter navarro, saying they are unconstructive lies. The president ial advisor is considered a hawk. He has repeatedly accused china of seven deadly sins. The peoples daily says such comments are preposterous. Te winningster con the first of two confidence votes in the italian parliament. Withomised to work closely brussels on a 2020 budget featuring lower labor taxes and a minimum wage. Later today, his Government Faces a senate vote. Factory pri