Opposing forces in the market. The young moving higher. Still a lot of issues in europe. Deutsche bank getting hammered again. Jonathan are they really going to use the mexican peso as the proxy for who won the debate . There will be holes coming out. Dont worry. Alix we will have guests break it down through the program. We are looking at former u. K. Chancellor of exchequer george osborne. He will be joining us in his first tv interview since leaving government. It is a bloomberg exclusive. Will join usrack for the full hour. And before the u. S. Open, a discussion of all things election. A little bit risk on, a little bit risk off. Jonathan we are up about a third of 1 . 0. 8 . X down by record close for Deutsche Bank. 3 on the session so far. The ftse 100 in london also soft. We talk about the peso in just a moment. Abouter dollar, down by 0. 25 . In the bond market, look at the front end of the yield curve. We are about three basis points away from an alltime yield alltime low on
What kuroda is going to do and how that affects the global bond market. We will debate the future of the feds Monetary Policy with former minneapolis fed president gary stern. First, jon will bring us uptodate on the markets. To the bloomberg, gear up for the session on wall street. In equities, no real drama. We are down about one third of 1 . The dax off by. 4 . The real shakeout is having fixed income. Lets move things over to that asset class. The long end of the jgb curve, yields up by eight basis on the 30year. Endntially it is a long selling off quicker than the front end. The idea as they the idea is that you place in more inflation, more stimulus may be, but more specifically, the central bank and the bank of japan may shift things toward the front end and allow the long end to selloff a little bit. In the fx market, the move is as follows. The dollar is stronger. Up about. 1 . Dollaryen has been absolutely whipsawed by what is happening. If you thought the fed and the specula
Struggle overall in the market. Opec finally cut production, this has been two years coming. Why does that matter . Inflation expectations. On redeker laying it out and Morgan Stanley today saying you get more shale investment in the u. S. And that is why this decision matters. David particularly if the deal holds. If they actually do it. Alix if optimism moves the prices that will move Inflation Expectations. My interview with james morgan, Morgan Stanleys ceo ways in on the trouble at Deutsche Bank. We will be discussing geopolitical problems potentially weighing on the market. We have an interview with jack lew. Jonathan is standing by. We see a monster rally in Energy Stocks but futures are negative. Jonathan it is a strong bid for european equities. The ftse 100 up by one percentage point. The dax pushing higher by 7 10 of 1 . The risk on feel in the fx market with a weaker japanese trade. 1 is how we this commodity market is absolutely fascinating. A market, yes. A collision, a c
Bank, nowsche commerzbank, the share prices are likely to come down, despite thing dividend is up, but 9600 jobs will go. Tom it has always been the news, and it has been for years, what to do with commerzbank. It will be a good hour to inform people of the dissensions between commerzbank and beleaguered Deutsche Bank. There are differences between these stories. Francine you are absolutely right. They are different. This is surprising because it is after brexit. We will get more on that. Bloombergstraight to first word news. Here is taylor riggs. The army says it and selected heavy casualties on militants trying to infiltrate india. No more attacks or plans. The attack was in retaliation for a Deadly Strike on the indian army earlier this one. Eight and soldiers were killed. Meanwhile, pakistan denied the Indian Forces staged a raid, saying they fired across the border. Congress has top suspending the u. S. Government shutdown through the summer ninth. It puts money forth to fight the
David this is not the first time mr. Krein has not thats had to come out mr. Cryan had to come out and say we are ok. Alix it is not a liquidity issue, it is a confidence issue. That will be a key point. David we have a lot to talk about. A terrific guest to help us. We are going to be speaking live with Stephan Engels. Plans to cut almost 10,000 jobs and suspend dividends. We will be joined by steven ratner. By steve rattner. The place for the record the race for the white house. First, jonathan is here with the market. Jonathan features here in the United States, a little bit with, but the spillover the ftse down by. 9 . It it is concerns of the house of Deutsche Bank continues to grow. Deutsche bank down almost 9 and one point. We are negative for on the session so far. Bloomberg dollar index about. 3 . It is risk off and commodities. W ti and brent soft. What we have seen, safe haven bids. Poor Government Bonds perform well. Yields lower right across the curve in germany. Negative