Take a look at what happened overnight in asia. The nikkei up about a third a percentage point hang seng was flat, shanghai composite down red arrows across the board. Ftse flat at this point. Cac in france down by. 4 of a percent. The 10year right now looks like it is yielding 1. 63 those continue to wick up ground 30year 2. 1 the count down is on. Apple holding a launch event expected to launch three new iphones. Fee occurs may include upgraded processors and new camera functionality. We could see a new apple watch an apple watch was not worn bio d Odell Beckham hes in trouble for wearing a hard object. People still wear watches for different reasons. Jewelry anyway. Including streaming and service. I dont know what odell was using it for maybe he said, it is time i Start Playing better apple products working into team it wouldnt be a matter of cheating necessarily unless you clocksomebody in the head with it what was the score . These are the new browns, right. Welltalk more about p
Good morning for our audience worldwide, this is bloomberg surveillance. Your equity market is facing a little bit of trouble in the last couple of days. The bond market selloff continues. The 10 year yield is close to 420 three days into q2 and we are looking at 440. Lisa and stocks are suddenly waking up to this. We were down 0. 7 which is the worst loss going back a few weeks and it highlights how few losses we have had at a time when everything seems to melt up. Jonathan chairman powell is addressing the economy and the market later this afternoon. With Precious Metals, gold is pulling back from alltime highs, silver had a five day streak up 0. 7 . The question is the commitment to get inflation back to 2 . Annmarie the fed has never cut rates when the economy is this good never mind inflation and you look at commodities and you see inflation uptick across the board. Bank of america this morning up to their calls on brent w ti. And when everyone says the fed will cut in june, they
Function. Current is gaining against the dollar, including the pound. Currency gaining against the dollar, including the pound. Hammond sees growth next year at 1. 4 compared with an earlier estimate of 1. 6 as a result of revised productivity data and headwind by the brexit vote. Deficit will be 35 39 it compared with the previous forecast. Peaks of earlier this month. Highest near its dilation since april of 2015 versus the stoxx 600. Dax is rebounding from backtoback weekly declines as a lower euro boost its exports. Germany, the relents flattening of the u. S. Yield curve this year has creative a dynamic in the global money market and seen in years with the extra yield investors get for purchasing job german tenyear boom is is 106 basis points, 48 points higher than they got from buying 10 year treasuries instead of twoyear notes. That is the blue line, the most positive gap from the two curves means addinghich duration in germany looks relatively cheap even if absolute yields are
Going to be having a conversation about the private sector in afghanistan. Hosted y posted this witht have done the partnership of the Senior Advisor here. Thank you, tony. Will have a very interesting and constructive conversation today. When i think about people who are qualified for their jobs, and two or the right people at the right time, i cant think of a better person than my friend greg from the afghanistan pakistan office. He has served in the toughest places in the world for the United States. Patriot, a really qualified individual. Thank god he agreed to do public service. Up. , come on [applause] it is very nice to see many of my old friends here, particularly my friend from cairo. He has done a lot of things that need to be done in afghanistan. Great to see all of you. I look forward to meeting all of those i have not met. I would like to see say a few words about the strategy, and a few points on how that relates role in afghanistan and pakistan, and talk about the specif
This is what we are synced across the european stock market. A little bit of a lift. It is the first time that we are seeing stocks here in europe. We will get at robinson to explain exactly what is behind the latest move on bitcoin. We were talking yesterday about whether this was the end of the bubble on bitcoin. You can see the u. S. 10 year yields, pretty much unchanged. According to a lot of people, that should stay close to that 2. 6. Coming up, we talk markets and chinese gdp, then a little bit later on we will have an exclusive conversation with italian businessman about his new venture. Then well talk about brexit and the outlook for the u. K. Economy. Lets get to nejra cehic. Nejra Sarah Saunders has said President Trump will support the leadership plan for government funding. Speaker paul ryan is trying to bring reluctant conservatives on board. They are trying to avoid a shutdown by temporarily funding the government for 4 more weeks. Theresa mays hopes of solving withawing