While the ceo tells bloomberg that, despite brexit, the market is robust an. And the dollar loses ground as the market waits to see what janet yellen will have to say at jackson hole. Caroline and manus, all the market waits to see what the pmi data will be today, from france, germany, the eurozone. It looks like there is Risk Appetite, looking at the futures market. We are called higher after yesterdays slight selloff in the dax, cac, and ftse. A bit of Risk Appetite ahead of jackson hole, and perhaps suppression of concerns about the u. S. Ranking up hikes. It comes down to this the mediating bond traders seem to be happy with dons. It is the fx traders that are skittish. The dollar index is down, the market retreating. Yesterday was rather gung ho in terms of stanley fischers comments. Today it is all about positive thought. Wirp on your bloomberg says 24 chance of a hike, 51 in december. The dollar is vulnerable, according to mitsubishi trust. Oil is down, dropping for the first ti
Three major averages is down sharply. The worst selloff for u. S. Stocks since the brexit selloff in june. The nasdaq is leading losses on the overweighting of technology, but losses have put the three major averages on pace for weekly declines. The worst weekly declines since june 24. Take a look at how the selling has accelerated in the session by looking at the intraday chart of the doubt. Selling has gone straight through the day. We are at session lows right now, breaking through support, suggesting the selling could accelerate to the close. One stop dragging on all three averages, apple shares are sharply lower. On pace for the worst twoday decline since april 28. That followed the company disappointing march quarter report. What we have going on here could be disappointment, reports that the iphone seven preorders are coming in less than estimated. We will know what those are actually made. Theper numbers suggest that number could be disappointing. We also have the commodity com
You look at yen and you realize this is a haven. Do you think of government it is theuroda . Tom litmus paper of the morning. Later on surveillance, maybe that is the entity of the day. It is a Central Bank War between the sweden and mario draghi as we begin a mulch was thursday. Francine there are very different assets to that. What do we know about negative rates in the impact . Tom exactly. Francine s get lets get to bloomberg first word news with sunny. Russia rejects the argument consensus s are are insensitive. John kerry is starting to get trying to get the stalled meets with other foreign u. S. Leavesd moscow once enough time for forces to crush monarch groups. The biggest u. K. Lobby in the u. K. , the uks economy could be thrown off track a referendum on whether to stay in the european union. The cbi cut its forecast by 20 . By. 3 . The last four armed occupy us say they will turn themselves in today. The fbi seems to be closing in last night. That led to a panicked phone con
Us. Gina martin adams from wells fargo. First, first world with Caroline Hyde. Caroline thank you very much indeed, david. Yes, lets look at the stage being set at the moment for the battle between apple and the u. S. Government. Apple is refusing a federal magistrate order to help the fbi unlock the iphone from one of the shooters in the San Bernardino terrorist attacks. Apple ceo tim cook says the company has given the fbi data that is in its possession, but cooks as building a back door cook sayse but 10 buildin him cook says building a back door to retrieve the information would not be good for security for customers. President obama says the senate needs to consider his nomination for the replacement of antonin sculley on the Supreme Court. The Obama Administration had reportedly planned a vast cyber attack against iran if the dispute had led to military conflict according to the New York Times. Disablingas aimed at the power grid and communications. Global news 24 hours a day, po
Dividend. We will speak to the ceo of one of the Worlds Largest Hotel Companies in just a couple of minutes time. Hans, good morning. A number of things going on. Yen one of the big movers overnight. We need to Pay Attention to it. Hans we have this axis then show crisis by mr. Kuroda e xistential crisis by mr. Kuroda in japan. I think its one of the main stories, not the only story, but one of the main stories driving this sentiment. Uy the market already got there and it seems to be increasingly ahead of the central bank. Look at whats going on with the fed. We will talk about blackrock later on. Right now. About this let me show you whats happening on the terminal. At ise are looking probably markets coming up by about. 8 . Likeean stocks look theyre going to open a little bit softer in around 29 minutes time. Hans weve got to take a quick look at the assets out there. Sentiment inisk the treasuries, down to about 1. 75. On the 10year, pound continuing to weekend. Weaken. Lets get t