Yuan strengthening, below seven for the first time in a couple of months. I thought i would point out, uber down 7 even though analysts were quite happy with the results. Guy european stocks ticking higher on the back of that ism data out of the United States. We are now at 404 on the stock 600. The euro is trading a little softer. Interesting to see how far european equities have come. The South African rand continuing to make gains. Vonnie and shanghai, president xis intake president xi reaffirming that his country would open itself up to trade even further. Pres. Xi in order to boost growth at home and create more chinaor global growth, will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Vonnie we are joined now by bloombergs selina wang in shanghai. Who was xi addressing with this speech . Heard, xi isu reiterating his commitment to reform and opening the economy. You didnt even hear him directly address the United States o
After they wondering if the cost of their spending is paying off. There have her spending their heavy spending is failing to buy a lot of that loyalty. The cost for each download has more than doubled. Compare that to venmo, which has a fairly highly engaged customer base. What that means, it is dragging down all the other things, visa, mastercard, American Express for example. Tencentrship over saying they are allowing visa cardholders to use their visa romaine time now for a look at card in china. What stories are trending across instead of having to rely on the bloomberg universe. Cash, they can use their visa terminal users are reading about the new mcdonalds ceo, who card. Doesnt hold a single share in i am taking a look at the restaurant chain. In may, he sold the entire stake shake shack shares, which are he had accumulated, almost floating today after an earnings 11,000 shares. Miss. 27,900 exercised about the Third Quarter missed expectations for store sales. Options and liqui
Steve mnuchin says the u. S. And china have made significant progress ahead of new trade talks next month. Iran will also be eight on the agenda. Be on the agenda. And the alibaba cofounder steps down. Kathleen lets take a quick look at how u. S. Stocks ended the session. Lets go write down because the Dow Jones Industrial average up about. 1 . Health care stocks helped boost it. Closed minutely lower. It got within one point 6 of its alltime high. Despite the trade war a lot of people are still buying stocks. Nasdaq down about. 2 . Stock futures pointing higher. Moodys got fords credit rating. We will hear more on that is that progresses. Now i want to get right to sophie to find out how things are shaping up for asian markets. Sophie early in the session and looks like rick sentiment may be stabilizing. Stocks could be heading for a mixed start. Bonds under pressure tracking the overnight moves we saw in treasury. Kiwi 10 year. We are seeing that move lower with yields moving for bas
Faces its first right with the packers deciding how much to uaw in years. Admit the next investment caroline abigail, what are you vehicle after a bet on we work sours. Watching . Abigail crude oil, today, that romaine todays top story. Saudi aramco growing a little the best that surge, bit less optimistic that there will be a rapid recovery since day in about a decade. There have technical difficulty the weekends attacks. Says itretarygeneral so i will pass to you, renita. Renita is huge jump in crude is too early to consider a oil today. Possible production increase. Oil, corn,ing crude he spoke exclusively earlier today with bloomberg. A collective, as well as sugar. Raw sugar futures climbed more than 1 . Decision of not only opec but corn since 95 g. He opec plus of it is ethanol produced by corn. Index is as energy a template on what would be done and when. More than 3 on the day. Romaine joining us now for more thesefluencing analysis is Cornerstone Macro Agricultural Commoditie
For the first time, and j. P. Morgan strategists move up their prediction for subzero 10 year yields to 2021 year clueless, donald trump attacks jay powell saying the fed is holding the u. S. Back from big rewards and games, we will win, he says. Maersk ceo sounds a negative note on the Global Economy even as the Company Beats estimates on operating profits for the Second Quarter. Good morning and welcome to Bloomberg Markets european open. We are looking right now at a safe haven bid that continues across assets. To the levels we have previously seen. The japanese yen the past three days, it is that it is at 105. 97, but not at the levels on tuesday. This leads me to believe duration is what investors are looking at. Futures, a bit of a bouts in terms a bit of a bounce. The ftse futures are up a little more than 0. 25 . The u. S. Government bond market is sounding recession alarms. Risk year assets jeweled the 30 year bond yield to a record low inversion. U. S. Stocks suffered another