All passed, deutsche the only surprise. New problems for boeing. A new fault is found on the 737 max 8. An issue said to be on other claims of the fleet. Shery todays big story, betweens meeting President Trump and xi jinping will happen without preconditions. Yvonne man is in osaka. It seems everything is on the negotiating table, but everyone we speak to dont have high hopes of a breakthrough. Yvonne some are saying this is of what was said, a ande truce between japan china. A lot of doubts that perhaps things could be status quo. The wall street journal yesterday reporting china is demanding that the u. S. Lift its export ban on huawei to reach an agreement. That could be hanging over these negotiations saturday as well. Before the big meet between xi and trump, a lot going on in the first day of the g20. You showed pictures of Angela Merkel just arriving, Vladimir Putin expected to come down as well. There are questions about the bilaterals today, the key one is President Trump and
Jay powell is also losing patience and is ready to cut. The dollar fell against most major peers. The s p 500 is near a record. Xi jinping heads for historic talks in north korea. Beijing says its influence on the divided Korean Peninsula remains significant. Kathleen we are starting on the bond market because that is where we saw the action, really saw the reaction to the Federal Reserves decidedly dovish turn. Side of your screen, you can see the big move down. We had the 12 basis point drop in yields. 1. 74 . , jim bullard,ove president of the st. Louis that, saying the fed should cut right now, today, really putting some fire into treasuries. As for stocks, your alltime high for the s p 500, these are not big gains, but these are gains, nonetheless and we have seen s p futures pointing to a. It of a decline if you look at fed funds futures, that that is they could definitely do it as early as the july meeting. How about this playing out in asian markets. The stock rally brother loo
You mentioned brent. Index isy getting a bounce. We will get to some companies in that indexing in just a moment. Tyson foods has come out with its competitor to the beyond meat product, and getting a bum from that of about 1 . We just had that ipo, another successful tech ipo, with fiber international. Guy crude definitely the top story, spiking up after two tankers were damaged in the gulf of oman. Our editor for commodities is joining us from new york. Is this an escalation . Luke reporter the market is certainly reporter the market is certainly reading it that way. Neither of these tankers was actually carrying crude oil, but weve seen all the reaction in the crude market. This is just outside the straight of hormuz, which iran has previously closed outside the streets of hormuz, which iran has previously threatened to close. Weve seen a drop throughout the course of the day. If you are looking at the global picture, this area accounts for 20 of crude Oil Production 40 ofy, about 3
England decide what to do with Interest Rates. The current uk base rate 5. 25 . But after we found out that wages, on average, are rising at their fastest level now in 20 years, could we see another rise in september. Joining me now is kallum pickering, whos the Senior Economist at berenberg bank. With your predictions, what are you thinking you will see here today . I you thinking you will see here toda . ~ , today . I think we might be surprised today . I think we might be surprised a today . I think we might be surprised a little today . I think we might be surprised a little to today . I think we might be surprised a little to the surprised a little to the upside but it not should not make much of a difference, the Bank Of England expecting 6. 8, markets expecting 6. 7, if it came at 6. 9 i would not be surprised because Petrol Prices rose over the month but it should be a big versus last month because the energy price comes down in the monthjuly. This should be another step down i
Serious. I think between us banks. Critics slid, 3 and democratic forces, and some arab tribes shapes of fragile balance power. And due to africas 1st Climate Summit, lead is discuss how to make the coincidence itself is the most from Climate Change. The destination for climate investments, the talks to revive the bikes, the great deal between leaders of tequila and russia have failed to reach you. Breakthrough president , letting me a person said there will be no new deal unless all most goes conditions a mess. And that means restrictions being lifted on the russian agricultural exports. But 2 kias later richard, the type at one thinks they could be a solution. So again, we are looking into an intense there with them if i may say so with regard to the grain exports and we will do it immediately, immediately off to all the agreements or re just on the blockade of exports, some restaurant. In spite of all the obstacles of russia is very keen to continue supplying fertilizer and stabiliz