Coming up, cpi topping estimates for the third month in a row. Markets and the fed rethink geopolitical tensions complicate the direction for treasuries. We start with the feds inflation problem. The sound was the door slamming on the june rate cuts. Inflation. There is more inflation that people would like. Too much for the fed. It really complicates things for the fed. A very stubborn situation. No one is expecting june. Still holding onto the june call. It is a close call. You will have some rate cuts but it will not be what people expected. A rate cut in june seems to me would be a dangerous and egregious error. Right now, looking forward, we do not see any rate cuts. The fed is not going to be making any moves anytime soon. It really is a fascinating moment. Sonali it seems like just yesterday we were talking about june or july for the first moment for the rate cut you saw by the Federal Reserve but you can see by the chart we are looking at that the odds are quickly diminishing.
And happy friday. Happy sthafg a thanksgiving as r our u. S. Viewers. Europe was pretty muted as well, given the selloff that we did csi 300, the worst weve seen in 17 months. Kind of leads you to wonder happen next and is this really going to spread to the rest of asia in morning. R this i was actually on europe t. V. Yesterday, so about an hour into close, things were normal. Then things suddenly kicked off. Probably throwback thursday. Things started to kick off in the afternoon session. Similar to come of the breadth of the decline was more serious than any day during the 2015 dark days. We are looking at declines with china markets opening up. It doesnt seem like traders feel like there is a sense of panic we saw, at least not now. ,e see these rallies in china perhaps we are seeing profittaking. In no way are they saying this is a meltdown, more so a correction we have been long overdue for. If you remember back then, people had no idea of the drop was coming. We are getting rick
Futures for tech. Lamborghini rolls out a luxury suv. We will speak to the companys ceo at 9 00 a. M. U. K. Time. Looking forward to that. Matt absolutely. I am looking forward to seeing how we open up this morning because of that tax news out of the u. S. It will be interesting to see how this rotation continues in europe. We have some chipmakers. In finney germany and the Big Industrial Technology Companies across the continent. Take a look at what we see in the futures, positive indications with the exception of the cac 40. There is a catalonian issue we will talk about as well. Although very little change in those Index Futures on the dax Index Futures. A gain of 1 . Take a look at treasuries. Not a lot of movement. The perception of a dip in yields on friday. We have been trading pretty sideways at 2. 388. 2. 4 percent but not going much above that level. Guy lets take a look at the gmm and show you what it is showing us at the moment. And want to focus on what is happening over h
Brussels today for a Council Meeting with fellow european financial leaders. He hopes to use the opportunity to build on the momentum of brexit talks and for the u. K. To make its message clear at the World Economic forum in dollhouse davos. Open for business and we are keen to discuss with about future relationships and britains role in the Global Economy in particular, londons role in the financial economy. He admitted that brexit was caused because of future trading with european partners. Mark global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Shery i am shery ahn. Vonnie and i am vonnie quinn, welcome to Bloomberg Markets. From bloomberg world headquarters, here are the top stories around the world that we are following. Live from davos at this hour, what he expects from nafta talks in montreal. And are we heading towards another financial crisis . We get insight from to bank giants. P
Credit then theyre going to be less able to attend school, perhaps, let able to start a family, less able to move to a new job. All kinds of things, economic outcomes for individuals would be potentially significantly reduced and if you take that out across a broad population it would hurt the growth of a country. I want to get your views on whether you agree with fed chairman Neel Kashkari that increasing Legal Immigration would help our economy but ill get to that another time. Mr. Bud . Thank you, mr. Chairman, chairman powell, congratulations. I know youve heard it many times but were glad to have you here. Would it be fair to say the Current Situation is willing to review and question decisions made by the fsb, the Financial Stability board, in the past. Would you be willing to review and question those . Sure. I mean, i think we always if fsb doesnt make decisions about u. S. Regulation, they make recommendations and if we were to enact something in a regulation we would put that