That. Surprised at david who do you it was directed to . [laughter] alix probably President Trump. David you think . Alix but it isnt the first time we have seen resident we have seen president s talk to fed chairs. It is the first time i think i have seen a president say we will fire you publicly. Alix in the markets, if you are an equity trader, you are probably breathing a big sigh of relief. The question is, is this a bit of a relief rally or did we finally find some sort of a bottom . S p futures up 8 10 of 1 after the worst two days of this year. Eurodollar flat. A record, still seeing low in the bond market, so it feels like the same story, maybe just a pause. David now it is time for bloomberg first take. We are joined by Stephanie Flanders and marty schenker. Lets start with this announcement. The Treasury Department found china to be a currency manipulator. Result, secretary mnuchin will engage with the imf to eliminate the unfair competitive advantage created by chinas lates
Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
I want to get jones good to have you with us its an exist but for some big names its also the season of bad news German Chemicals company bias as it is unlikely to achieve its profit goal for this year and the reason the company says its now facing more than 18000. 00 legal cases in the United States over a herbicide thats alleged to cost can set by i gave an update on the numbers as it posted its financial figures for the 2nd quarter. Has been the subject of protests around the world in recent years perhaps like life or saying it is causing by a major headache but thousands of people in the usa the effects of the chemical for them has been even worse the weight of lawsuits have fallen on bias since its 87000000. 00 takeover of monsanto the maker of weed killer round up which contains life a site in the 1st handful of those cases to go to court juries found in favor. Of those who claim the chemical gave them cancer and awarded them huge compensation payouts despite by a saying theres n
Off earnings season. Trade war slowdown, china posting the lowest quarterly growth in 27 years and Silicon Valley tech lash from one of its own, peter teal calling out google, alleging, quote, seemingly treason ous acts well begin a new week, stocks on track to hit fresh record highs. Citi kicks off earnings season with better than expected results held by gains and Consumer Lending also in focus, china, slowest Economic Growth in 27 years in q2 gdp at 6. 2 for june, Industrial Production, retail sales, fixed Asset Investment all beat expectations, leading some guys to think maybe the Central Banks work is starting to filter in. I think so. The bears have the work cut out for them right here. If you watch our crawl underneath, youll see the semiconductors going up. They wont have good quarters. People are looking through why are they looking through not necessarily because of china, they say pc sales will get stronger the economy will get thats western digital. Fairly typical because o
Be secure i dont think its going to become less secure it will are a certain price action expecting a huge boost in price. Its not a bold the thought of being able to my the bitcoins but its about the transactions on the transaction fees that should make up for the minor rewards that article from the bank of International Settlements obrador nagano or. Been working for 10 years really really well 8 so much that youre right in favor of your own word or guess what maybe your system is not going to work in the future and you know its have more proof of keys and lets see who actually owned what and whats recorded on the option remember bitcoin is a system of social justice disguised as a get rich quick scheme and so the bank of International Settlement is the queen of get rich quick schemes. It enables the Central Banks to print money without any collateral to their member banks who then use it to buy for a 150000000. 00 but it never trickles down to the actual wage earners that make the e