A very warm welcome to bloomberg daybreak europe, our flagship morning show. I am anna edwards. Thats a strong dollar. The bloomberg dollar index has sinceeen in existence 2004. No surprise when you look at the relative yields you are getting in u. S. Treasuries. To find a reason to explain the trends in the dollar, treasuries looking their most alluring. Wayef you have spent too much time with their bonds. The kind of movement we have seen is remarkable. That is your dollar spot index and you have the yield spread compared to the rest of the world and that is the highest level since 2007 and credit sweeps putting out a note saying the yield could go up to 2. 8 around mid2017. We are going to go, anna, are we taking a breather . Plenty ofill have analysis. It let us all about oil as well and bring up the risk radar. A lot going on in the anna. Here we have the price of a barrel of brent crude. Going on in vienna. Here we have the price of a barrel of brent crude. All of the saudis seem
Bloomberg markets. Lets bring in tom mckie. He did not bury the lead at all. In his opening statement, he addressed the market volatility we have seen. He said look, we dont know if this is going to produce a global recession that will impact the United States or not. In the past, we have seen not amountthat did to any impact on the u. S. See. Ve to wait and then he immediately pivoted to the question of what does that mean for Rising Interest Rates . Here is what he had to say. Mr. Fischer i cannot answer that question, because, as i have emphasized in the past, we simply do not know. The world is an uncertain place, makers Monetary Policy can really be sure of is that what will happen is often different from what we currently expect. That is why the committee has repeatedly indicated that its policy decisions will be dated dependent. Is, we will adjust policy appropriately in light of economic and financial events to best foster conditions consistent with the attainment of our employ
Taking a look at the markets right now, they are getting ways down by those, the s p down by a 30 minute percent. We are definitely off of our session lows. By as much aswn 100 60 points. We down now by about 50 points. We are at session highs even though we are a negative territory. Take a look at the dow for the entire day. We can see where the right has been. At 10 00 a. M. , that is when u. S. Personal income and spending came out. We have been slowly clawing our way back, and you can see her at the noon hour we are just off our session highs. Another thing that is affecting the markets is of uti crude, as it always has been. And that is now at session lows, down by five and a quarter percent. 5. 25 . That is breaking a four day winning streak. The 10 00 a. M. Mark we did see a leg down after the u. S. Personal income came in a little bit worse than expected. Inx we are seeing movement the market caps today. It is an apple and google story, but i could be wrong. Ramy you are absolu
Ill talk to a senator who may make that happen. Senator boehner says there are enough questions around benghazi. Our panel will weigh in as we look ahead on sunday morning futures. This week, new retail and manufacturing data will add to the economic story. Joining us now to help us get a clear picture, richard fisher, hes the president and ceo of the Federal Reserve bank of dallas. Good to see you. Thank so much for joining us. Good morning maria. Can you put this all together for us . We had what looked like a very good jobs report on friday but it came a few days after a 1 growth in the gdp report. I think we characterized in a statement we issued. Clooetly there werewet related one off events. Numbers were extremely week. And now we expect to have the kint of numbers that we just saw reported the other day. And if the previous data. We saw 800,000 people. First point is all of those jobs that you just mentioned that were create d. We would like to see that continue. This Serious Bu
It s unquestionably the story of the day : oil plummets by -4.5% in the US and Europe as Arabia cuts tariffs in the face of languishing demand.What was only a consolidation in oil this morning .