Surveillance. I am Francine Lacqua in london. Here are your markets, you can see the stocks europe 600 is down. But nothing like some of the anxiousness we saw over the last couple of days. There is definitely a deescalation, so in certain parts of the world, there is relief in the markets. Im looking at eurodollar 1. 180. If you are looking at the yen, it is also a little bit off the anxiousness we see out there. This is the picture for the u. S. Yield, one of the main metrics we have been following closely. Look at the 30 year yield over the rest of the day. Coming up, a conversation with mike wells, chief executive of prudential. Lets get straight to a to bloomberg first word news. We begin with the German Economy, shrinking in the Second Quarter, piling pressure on Angela Merkel. Economyht, she said the was going through a difficult phase. From the previous three months, output fell and exports slumped as the trade war hit manufacturers. The italian Prime Minister has been called t
Warm welcome to daybreak europe, i ran says the door to negotiation is firmly closed. Diplomacy is closed. What will it mean for the oil market . We are still at 8 over the past number of sessions, this is fiveday momentum. Are we hitting a plateau . In terms of geopolitics. The next thing for the market to look at is opec plus. They will need to extend the deal until late 2020. Issue calleder demand. The real fundamental lets have a look at some of the other risk markets this morning as we look at the dollar. The longest losing streak is september 2017. Blackrock is neutral on the dollar, Jerome Powell speaks today. What will he have to say, adding to last weeks shift from patients . This is as trump calls the fed a stubborn child and its refusal to move. Keep an eye on gold, the bulls are backing control of the market. , and wetanley top pick are also seeing a shortage in the physical supplyside which gives sucker to the bullish story. Good morning. The markets cant get away from spe
A lot of people will be relaxing lot more and gets into this complex mission. This is going to take six hours to get everything deployed into three different orbits. A very complex mission. Elon musk said it is the most complex mission that spacex has done so far. I cannot hear what you are saying from the sound of the rocket. I cant take my eyes off of it, it is mesmerizing. Talk to us about what this means for elon musk. This has been such a pet project of his. Spacex is performing incredibly well. This is more of the military side of things. They have this Successful Program to deliver payload to the International Space station. This is falcon heavy. Rockets attached toit taking people potentially mars missions. It has been used so many times before. It is an important step for the longerterm. I am sure elon musk will be hoping this mission goes incredibly well and they are able to successfully land the ande components factors take that falcon heavy for it the program. Manus good to
Markets, where we see a fourth week of gains. U. S. Futures point to a third day of losses, and that is what we are seeing in u. S. Equities. It, butear dipped below safe havens are clearly big, the yen, treasuries, gold on a tear. Markets areof these being reflected across assets. The dollar is steady after a few days of losses. Coming up, we will speak to the hsbc ceo exclusively, one of a range of top interviews from our emerging and Frontier Forum today. Lets get the first word news. President donald trump imposing sanctions on irans Supreme Leader, the ayatollah, who says the penalties would deny him access to financial control resources. Trump claiming that the Supreme Leader is ultimately responsible for the hostile conduct of the regime. Tehran says this means the diplomatic path is closed forever. The president has held the door open to real negotiations, to completely and verifiably eliminate irans new your weapons program, its pursuit of Ballistic Missile delivery systems, i
Money, that isnt great for everyone else, that is corruption, pure and simple. Charles big business and rich people taking more heat than donald trump. Only thing all president ial contenders agreed on, that big profits and success are bad for america. Bernie sanders on deck tonight. We have a feeling it will get worse. All that, so much more on making money. Charles china trade talks close to coming to a head this afternoon. Both the United States and chinese delegations set to meet in japan today. This as were hearing reports that president xi will hand President Trump his terms to settle the dispute. Now part of the terms will end the huawei ban. Edward lawrence live in osaka with more. Edward . Reporter and, charles, a very interesting week that is going to happen here. President donald trump started the meetings basically as soon as he landed. He already met with the australian Prime Minister here. The president with his entire trade team. That also included secretary wilbur ross