What has been fascinating is that up until now, the data basically coming out today has driven us towards the idea that we are starting to see a manufacturing stabilization. That was certainly they field that came out of the china data earlier on. Extent, ina certain the European Data as well. But now the bloomberg dollar index is beginning to move lower. We have until this point in time seemed bond markets in particular moving yields higher. Maybe we see that unfolding a little bit today. We still got generally a bond story that is quite negative. Yields are higher on the day. A little bit of movement in that u. S. Tenyear. Vonnie exactly. We will dive into the finer details of the report with tom porcelli of rbc in a few moments. It will be interesting to see what the other indicators suggest, for example, and the china data. We saw that employment improved, so that is one good side for the chinese economy, even as other indicators in that manufacturing data declined. Also, germany w
The currency is also higher but it has taken over the conversation and brazil. David he said brazil and argentina were devaluing their currency. What has the central bank been doing . Julia the central bank has been trying to pop up the currency. It has late due to several factors, including the dollar being strong worldwide. A lot of it is not tied to brazil. There was some disappointment in the oil option. There were a lot of factors behind it. Argentina had the election earlier in the year and have currency controls for a while. They are not doing anything. The central banker is speaking at a luncheon and has just reiterated that the brazilian is a Floating Exchange currency we only intervene when there is dysfunction. David give us a sense of how important steel exports are from brazil to the United States. Julia is one of the biggest export products between brazil and the u. S. , the secondbiggest, trailing only oil. In terms of civil exports as a whole, it is not a lot. Brazil ex
Years end after more than 30 years with the chicago pd. All eyes will be on china and madrid. Almost 200 countries will be there for the United Nations climate talks. China is in focus for several reasons as the largest investor of Renewable Power but also the worlds top carbon polluter. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. China is im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following on the bloomberg and around the world. Checking the pulse of americas factories, manufacturers feeling the pain as ism data contracts for the fourth straight month. U. S. Stocks in the red. The s p 500 heading for its biggest drop in two months, as President Trump says he is resuming steel and aluminum on brazil and argentina. On
Welcome, beautiful picture of the San Francisco bay, a little bit of haze from the fog this morning and we are playing a little bit of e 40 right now a huge 49ers fan from back in the day. I dont want to make earl feel old but he has this new song out. He was around during the heyday of the niners. Earl if youre watching, i didnt mean to call you out. But we have been around for a while. From the joe montana era. I remember that watching a game i didnt understand. The 49ers have played in miami for before. So, it would be fun to see someone like e 40 if they were to get to the super bowl but somebody like e 40 could perform. Yes, we will actually talk to him a little later. But todays weather is looking good for 49ers hosting the seahawks in santa clara. When you and i came in and did not look so good. It did not, it was super foggy. Now everything looking much better. 49er forecast really easy. I do believe a miracle, the Half Moon Bay buoy which has been done for over a year, not rep
On certain ecigarettes. What the white house has decided. A difference at dunkin. One of the most popular coffee chains making a change and some customers arent happy. And some inspiration for your monday. Meet the young boy taking action to help the homeless one backpack at a time. Good monday morning, everyone. Im kenneth moton. And im Candace Mccowan in for janai. We begin with two stories developing out of washington this morning. One involves the vaping crisis and a decision by the white house when it comes to ecigarette sales. But first the drama expected on capitol hill this week with the most crucial testimony yet in the impeachment hearings. Ambassador Gordon Sondland will be among those taking questions. Meanwhile, President Trump is lashing out attacking an aide to Vice President mike pence who testified about that controversial phone call with ukraine. Abcs andrea fujii is here with more. Andrea, good morning. Good morning, kenneth and candace. At least eight witnesses are