Eastern, we get existing home sales data. At 1 00 the u. S. Treasury is auctioning 35 million in fiveyear notes. Now the turn to our first take away, these are big stories. That great treasury sale continues with twoyear yields in the option yesterday the highest in 10 years. Continues toconomy struggle to get wage increases to keep up with inflation. Glencore reports earnings with catholics flow and earnings the turnaround in that company is so dramatic. It was on deaths door just a couple of years ago. Come inside the bloomberg. We had all those auctions yesterday, and this is what we saw. Yields rising to the highest level in 2008 print much across the board. Ira, what did we learned yesterday . We learned demand was maybe a little higher than perhaps people feared. I cant say there werent a little hiccups here and there. The threemonth bill demand maybe wasnt quite up to standard. But otherwise when you look at the 2year note and six months bill auction, they went ok. I think today
Its terrible you want to know the truth i think its a disgrace controversial republican member of accuses the f. B. I. Of abusing its powers raising questions about the russia investigation into the latest from washington. Where we live in corsica in france where calls for more autonomy a growing louder. And change in the f a kenyan Education System but teachers there feel the new plan is just dont add up. A confidential u. N. Report has found north korea violated sanctions last year by earning around two hundred Million Dollars from exporting band materials such as coal i added steel reports also found pyongyang sold weapons to the governments of syria and me and bob just a warning you may find some of the images in times report disturbing. Using whats been described as a combination of multiple evasion techniques brute and deceptive tactics north korea shipped coal to ports in russia china south korea malaysia and vietnam so says the report to the Un Security Council sanctions commit
Rising. But general feeling is one of where we are down for the third day in four days after dropping for the first week. Equities are declining and stocks falling, currencies falling against the dollar include the pound, the euro, the danish krone, the swiss franc. Rising, andare getting back to the bond market, betting on spanish bond outperformance versus italys performance is a question many are asking. The upgrade from fish, traders have been lessened theres a listen through the ecig about italian less enthusiastic about italian trading. Chart, see this from the from a low 24 basis points a month ago. Our police strategists recommend barclays strategists recommended closing the trade against spanish bonds. Spainis underperforming and the bulk of a divergence is done. Time will tell. A big week for eurozone data, wonderful chart highlighting Economic Confidence. The blue lines employment growth in the white line is gdp growth rate the green bars, a lot of data should show Economic
Dollar, wees to the are watching for trade out of china this morning. It could come out this afternoon. We will be counting down to that. You have the currency, trade. Trade has been good. It the the currency has been strong. Chart 6568. There you have the onshore rate, blue. In there we go with this uptick. Unexpected growth this year are setting the weakness because of this pullback. Borrowing costs have been on the out across different cities, local governments in china. We have the fix in 17 minutes. Hopefully we will get the latest trade numbers out of china. Markets are set to open in less than 30 minutes. We are looking at what, sophie . Barrage aspare for a we have dollar weakness to contend with. Take a look at the bond market. Bonds rowling, korean bonds catching a bid has the five year yield dropped. We have stocks lower. The kospi sinking for a fourth day. A mixed bag when it comes to equity markets. Check out the currency space. The hong kong dollar surging the most since
I dont believe we will get tax reform if there is the elimination of the deductibility of state and local taxes. David what it takes to lead the fed. Theoretical knowledge and experience increases your selfconfidence about what you are doing. David bob iger and mark cuban reflect on innovation and investment. We are just living in a new world reality and we have to accept that. Just like the net and streaming created our companies, block chain will as well. David Vladimir Putin takes questions on donald trump and u. S. Politics. Do you think donald trump is a hostage of the american political system . David it is all straight ahead on bloomberg best. David hello and welcome, im david westin and this is bloomberg best, your weekly review of the most important Business News and analysis and interviews from around the world. The week began on a note of tragedy and horror with a nightmare unfolding in las vegas. It is the deadliest mass shooting in modern u. S. History. On the strip of las