Protesters tell leaders, welcome to hell. We have world coverage. Some harsh words coming out of germany. In seoul, Second Quarter profits should be coming up. Betty we are watching the g20 meeting in hamburg. We have will have insights for washington and across asia, what to expect from those talks and that meeting between putin and trump. This is daybreak asia, live from bloombergs usn asian headquarters. I am betty liu in new york, just after 7 00 p. M. After 7 00is just a. M. Here in hong kong. I am yvonne man. For markets, the stress has been in fixed income. Hawkish talk has brought stocks lower. Check out this bloomberg. You can see the tally what we saw overnight. Classes sold off, in tandem, for the first time in 10 days. This is the s p 500 etf and the treasury bond etf. Last time we saw these moves was 2013. Which has some wondering, is this the start of a taper tantrum . Betty which is exactly what the fed wants to avoid. Have been so careful to say the right things to the
And water cannen cannons use today break up the crowds and Melania Trump blocked from going to an event. And in june, much better than expected. U. S. Futures, saying that stocks will open higher. The dow up 45 minutes. When we open up for real in about a half hour. The Democrat Party trying to come up with a slogan for the 2018 elections. One of the top contenders, check this out. And Varney Company starts right now. [crowd chanting] while the rest of us have to work for a living. Thats the scene outside the g20 in germany. I dont know whether bleak burman has a riot shield, but whats going on. Fine this morning. It got interesting last night, stuart or ashley, sorry. The protesters are back out this morning in hamburg, a big city, not where we are right now, but another spot for the city and this is having an impact on several, including the first lady, Melania Trump. A spokesperson for the first lady telling me this morning that at her residence, Hamburg Police could not provide cle
I im sick of amazon, im sick of tesla. But believe it or not, the market is bigger than those two names and i think we have to start recognizing the massive number of stocks that are doing well, that are entirely in bull market mode. The dow gained 2 pointses, s p 500 gained. 08 . I think we should start with t catca catcat cat piller piller was a rill do. Now its at 97. What happened . First donald trump was elected president and because hes pro oil and gas and drilling and hes also pro coal. Donald trump cant say cove coa. Plus if trump can pass his infrastructure package, admit d admittedly something that doesnt look very promising for this congress. But its impossible to subject how many people have been laid off, but the number is substantial. Caterpillar has gotten a hold of its dealer network. They had that chronic problem that forced the company to discount its products dramatically. Its solving the really intractable supply chain issue. And the Global Economy has changed, part
Wti in a bear market. 40. 77. We will assess all these things, Monetary Policy, Global Banking buiter. Lem his call, a gdp growth of 2. 4 . But first, lets check in on the market. We have a selloff. Jonathan we will break it down. By. 5 . E up of dollaryen with a move up. The bank of japan disappointing the yen. This is bear flattening. The long and stays anchored. In japan, up 10 basis points there. We will be talking about the market a little bit later. But to wrap it up, it is brent and wti. A bear market at the close. A seven day losing streak. Down by 1 . We are trading at 40. 77. Back to the big news that the bank of japan is keeping monetary tools unchanged. Lay out we heard today . Well, you are right. Largely unchanged, that is the headline. Toolsin Monetary Policy were unchanged. There was some easing and more purchasing of funds and there was a doubling of the dollar lending program. Bush really interesting was the fact that there will be a review the policies that have been
Good evening, everyone, and welcome with just one more trading day left in the month wall street looks to be wrapping up a very volatile april with a big push to the upside. And it got help from another round of better than expected corporate earnings. Upbeat quarterlies before the bell from companies as diverse from the drug make merck, and sprint all helped the major averages climb today, with the dow and s p within striking distance of alltime highs, today on wall street, dow up 86 points, nasdaq higher by 29 and the s p added nearly nine. But earnings late today from ebay and twitter could set a negative tone tomorrow when the opening bell sounds, first, ebay posted better than expected quarterly profits but it issued a disappointing outlook and shares fell as much as 4 in afterhours trading. As for twitter, profits beat estimates. But when you take out onetime charges but they were not big, less than a penny a share, quarterly revenue beat analysts estimates. But twitters shares s