Oppression of muslims. The bank of england is expecting to boost bond buying today as investors watch for hands on yield curve control. Boris johnson and Emmanuel Macron meet in london. Welcome to daybreak europe. Caution coming back into the markets today. Perhaps signals that u. S. China tensions could come to the forefront again. Signaling a reserve ratio cut. Perhaps even on the weekend. Hearing from the governor throughout the is in session, saying that chinas Monetary Policy is still in a normal range. Economic fundamentals are sound. Those comments have given a lift to chinese equities in the asian session. You will see a bit of a retreat. Some weakness in u. S. And european futures. A lot of that seems to be down to second wave concerns dominating among other things. Jpmorgan sounding a warning on market correlation at 20 years highs. You are seeing the 10 year yield to drop as well. Yen strength in g10, aussie the surge the Unemployment Rate in australia. Oil dropping on u. S.
London Stock Exchange. We get perspectivy from one of the rivals terry duffy joins us exclusively here on set. But first, its still on and we are talking about the great roe rotation so many of the desks have been skeptical of maybe even poopooing at times. Showing tahoe strength here in sectors russell, banks, retail to name a few. Whats making you a believer, guy . Its a fascinating question i mean the market has an uncanny way, not that i need help making me look silly. Within a of alltime high of the s p 500. Everything looking fantastic when do i become a believer . You know, i dont know the answer to that but what ill say is the head winds havent gone away that much yes rates backed up probably a healthiy move yes the gold market not exploding up maybe the situation with hong kong has abated but its still there. The market is looking past them. I dont know how to answer the question because the concerns i have i dont think it they dont get resolved in one day. I know how to answe
Book signed, we want you to move over rivera and thank you for joining us. You are watching booktv, television for serious readers. You can watch any program you see here on line at booktv. Org. Welcome to madison on booktv. With the help of our Charter Communications partners. For the next 90 minutes we will explore this capital city surrounded by water and home to the university of wisconsin badgers. Coming up we will visit a world war i exit at the university of wisconsin madison, talk with local lawyers about the citys history and collective bargaining process that took place in 2011. [shouting] Governor Scott walker introduced the budget repair bill in which he tried to fill a gap in the budget and at the same time proposed an end to collective bargaining for Public Employees in the state of wisconsin. We start our feature with a look at madison, architect Frank Lloyd Wright as weakened travel to his studio outside the city to learn about his personal and professional life. Were s
Chains are struggling, many customers are coming in for the meat. It is Market Makers here on Bloomberg Television. I am Erik Schatzker. Stephanie i am stephanie ruhle, and im glad we are starting today coming in with the meat. Coming in with the meat . Erik coming in for the meat. Stephanie you know what we need now, a bulletin. Erik abbvie has won the battle for pharmacyclics and will buy the company. It makes a blockbuster blood Cancer Treatment that cost 100,000 a year and has been approved for four blood cancer uses. Johnson johnson had been on the verge of buying pharmacyclics. The European Central bank is releasing details of its stimulus program. At a News Conference in cyprus, ecb president mario draghi says that the sovereign Bond Purchase Program will start next monday. Ecb will be buying 60 billion euros a month of assets through september. 16. This is all part of a plan to invert deflation in the euro zone. The ecb wants to get inflation back up near 2 . China has since se
The first time in four days. Europe pulling itself back up. You have gold prices falling this morning. Ore aware rising rush iron iron ore rising. And it comes to valuations, one of the most interesting things i read some of the s p 500 offers you a view of around 5. 6 . Not a dissimilar story when you look back into the european context. What equities offer you versus what bonds offer you. Meet. Ers leaders some companies, very much under our focus today. Our clays in terms of barclays, in terms of the lawsuit leveled against them. This is their private trading exchange. Institutions and brokers do business. There is a lawsuit, it is down by two percent. Understand the dollar clearing may be up to a year, but it may have to do with those offices involved in the breach of sanctions. For example, geneva. Doing atock exchange deal, 2. 7 billion, buying the russell index. Giving them more scale, it geographic positioning. They will have the rights issue to fund this deal. The stock is up