Negotiations. Mark he pushed back at the suggestion that he should release cash now. Make thee will not demonstration point. The syrian foreign minister today accused the coalition of wreaking discretion distraction while sparing the islamic state. Washington aims to destroy syrias economy and drag the were out. He said he would like to focus on a political settlement in syria. Rick snyder is standing by his the when in congress he learned of a fatal out rick despite a new disclosure by a senior aide who says weeks earlier the when he learned of a fatal out nearls before them including 12 deaths when the city was using the flint river water in 2014 and 2015. A spokesman said the governor was under oath and stands by what he says. I am Mark Crumpton. This is bloomberg. I am julie shapley. I am joe weisenthal. A touch softer. Joe the question is, what did you miss . Quite the claims it will be a huge tax windfall. New normal of weak inflation. Policymakers expressing concern, leading to
Well, you can argue about who started it, but there has been a decided deterioration in the governments relationship with the eu in the last few days. The Prime Minister thinks there are people in brussels not from all the other Member States but brussels itself whove been stirring things up, and in the process, interfering in our election. If that was the case, the effect has probably been to help her. But for the europeans, the point is simply that they have now agreed their shared negotiating position that was over the weekend and if it appears tough well, thats not their doing, thats brexit. You might say this is alljust the dynamics of nationalism one side asserts itself, then so does the other. But has it poisoned the atmosphere for the real negotiation about to hit us . Well hear eu and uk perspectives, but first heres nick watt. Dont know why theres no sun up in the sky, stormy weather. The outlook for theresa may in this election has so far been pretty benign but an ill wind l
Thethe allegation that [inaudible] has been involved in a scheme. Be talking to the german lender. Matt absolutely. Very interesting plunges yesterday across equity indexes especially in the u. S. Where we saw markets down almost 2 . The nasdaq down 2. 5 . Do you buy the debt . And here in europe at least we see futures still down although only by a little bit. 2 of 1 . 1 10 of a percent. S p futures have turned around so it looks like Equity Investors are not overly concerned or not concerned at least that the plunges in the u. S. And in brazil are warranted here in europe again today. Guy we have priced of it in yesterday but not all of it. That is what markets are reacting to. Lets look at the gmm. You can see the s p 500 move down 1. 8 2 . We recovered a little bit but we have not recovered all of it and that is significant. Other markets are following suit. The dollar is bid, the dollar index is up and the yen is up by one point 5 . The euro is down but it is trading north of 111.
The Broader Market also that of three quarters of a percent to 1003 change. The end of an era for jay crew. Replacing a longtime ceo. Markets this morning. Down one point after holiday yesterday. In asia overnight, mixed performances. The kospi and create close. Pluscall and cap are knocked back at square one. Seattle come as top prospects for jobs going into a different direction than joining me to talk about it, Dagen Mcdowell. Wall street economics editor Jon Hilsenrath and diligence cofounder mike baker is here. Dagen why do i feel safer with him here . At complete misconception, but thank you. The most informative show in the morning. Ive been here. The Energy Always great. Gillett thing we didnt talk about in the runup is what is going on in qatar. Fascinating story. Maria general jack keane coming up, but it is pretty extraordinary to see five countries in the middle east cut ties. Our biggest basis and allies. Maria its really incredible. Maria problems getting. This in the cou
This is Francine Lacqua on bloomberg surveillance. We have a great exclusive interview with Benoit Coeure, the it was the ecb member. The exclusive ecb member. Mark, what does the data look like . Mark we are low today, quite a losing run for the stoxx euro 600. We saw a big selloff in Technology Shares in the u. S. On friday. Sterling, not as big a decline as we saw on friday in the wake of the inconclusive election result on friday, which sent sterling down 2. 5 . At the end of the day, sterling is down by 1. 6 roughly. Investors are looking ahead, mean for shortterm versus longterm volatility . U. K. 10 year field has barely changed today. It fell three basis points on friday. Investors weighing up what the election means, weighing up against data. We had weak consumer data today. The boe this week, wage data. And gold also falling for the first week in five last week, marginally higher. The fed expected to raise rates this week against Political Uncertainty. Thank you, makr. Lets g