Euro instantly snuff approaching the 110 level and keep an eye on the german 10year and the president s speech could have a Significant Impact and it really is very hard to read event. And certainly the bull market here in europe, sitting tight and waiting to see what comes out of it. Vonnie . Vonnie as we wait for the economic speech and powell speaking thursday, were joined by kumar, the Global Strategies president to tell us what we might expect. What could cause the markets to move today . You need President Trump to Say Something totally unexpected, vonnie. The usual things, the economy is doing very well, we expect growth to continue to be very rapid. Thats what hes going to say. And that hes making very Good Progress in terms of dealing. Th the chinese it he has to say hes going to sign an agreement on a certain day and hear some of the things he agreed to and on the other hand explain why it is the economy is going to do very well in the year 2020. I dont expect it. You ask for
Not ready for a deal. President donald trump says the United States and china are talking on trade, but not at a stage to finalize an agreement, and talking up the economy. The u. S. Administration has pushed back against fears of a recession. Withresident held a call the ceos of jp morgan, city, and bank of america. Plus, the german finance minister says the country could spend millions of dollars in sustained downturn. Less than half hour away from the start of stock trading. A threeday chart here. The yield continues to rise a little bit as market concerns are assuaged by Donald Trumps statement he is talking with china, that the u. S. And china are talking. That is enough to help global rally, although we mentioned, the chinese rate revamping may be affecting chinese stocks. You are seeing big gains across asia. Big gains well, i dont know about big gains. Gains in futures. They are decent sized. 0. 3 percent. P cac futures 0. 5 . Ftse futures a little more. Lets get to mark cranfi
Good thursday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt, sara eisen at post 9. Business insider, editor in chief, Henry Blodget dow is down about 47 half of that is apple after the first close above 23,000 apple is dragging the dow lower right now. It is the biggest lager on pace for its worst day since early august the Cellular Service for the companys new watch has been shut off for some customers as the Economic Daily news says apple is cutting supplier orders for the 8 and 8 plus by as much as 50 john, this is like perennial every new model comes with worries about orders yes none of this matters yet i mean, the china thing, its a concern. Theres a new type of sim card in the apple watch and probably the Chinese Government wants to be able to track it better, which youd expect in china, but this iphone 8 thing, the real question is what happens when the 10 comes out, because an unknown number of people this cycle are waiting to see the 10 before they dec
Why he is endorsing donald trump for president in another exclusive you will see only on bloomberg tv. Jonathan a brilliant morning of conversation. Lets check in with our Bloomberg Team for indepth coverage of the stories. The one minute plunge and chinese stocks, and a look at the job report. Vw still being hit by email and cheating scandals. Lets begin in frankfurt, paul gordon joins us. Inline but still not great for president draghi. Paul inflation just below zero, employment just above 10 , a flight improvement and reason for the ecb to say the stimulus is starting to work at a long way to go. Where did the inflation come from . It has never really come from industrial goods, it used to come from energy and that may return briefly but it is hard to see that sustained. Services inflation is where the ecb needs to see prices increasing and that is a stretch at this moment. Jonathan if you are looking for a company that probably does not need to wait is germany. Qe is germany. Hand,
Z23cwz zi0z y23cwy yi0y now to the president ial campaign, race has once again become an issue after an africanamerican supporter of donald trump posted and then apologize ford a tweet he now acknowledges was offensive. Here is major garrett. Reporter Donald Trumps surrogate, pastor, mark burns called the tweeted cartoon of Hillary Clinton in black face a mistake and told us the backlash took him by surprise. I did not think it was going to be this big of a deal because, you know, there are so many more things that are more offensive than a cartoon. Reporter the episode set social media afire and raised questions about the Trump Campaign approach to race and minority outreach. After first defending the cartoon, burns told us, it was out of bounds. I regret the offensiveness of the black face, the blackac it does not belong in our american culture. Reporter among trump supporters, burns is cheered as a harsh critic of clinton and welcome africanamerican counterpoint to the black lives m