Thank you for watching bloomberg surveillance. The stocks europe 600 down a touch. A lot of the focus is on the jay powell. You can see the u. S. 10 year yield at 2. 10. And we are looking at the pound. Boris johnson is the person who will probably become the Prime Minister and keep saying no deal brexit should still be on the table. We seeing Market Movement with the pound extending. You can see cable at 1. 2458. Coming up, we talk commodities with blackrock at 10 30 a. M. London time. But first, lets get straight to bloomberg first word news. China are. And holding the first highlevel talks since a truce was called in the trade war. Top trade officials are speaking on the phone. Larry kudlow says the initial talks were positive. There was headway last winter and spring, then it stopped. Hopefully, we can pick up where we left off. Ambassador lighthizer and secretary mnuchin are exploring all that. Discussions today went constructively. But its too soon for details. Factories and bare
Average down 2 . U. S. Designated china a currency manipulator after letting the yuan depreciate. Coming up, big tech hit hard by china trade, the heaviest selling with names like facebook, alphabet, chip maker, where are they headed from here, all that right here right now, mornings with maria begins right now. Maria of course, busy show this morning, joining the conversation to talk all about the damage yesterday Fox Business Network Dagen Mcdowell, Fox Business Network Dierdre Bolton and forbes media chairman former republican president ial candidate steve forbes, also on deck this morning fox news senior strategic analyst and retired fourstar general jack keane to talk about hong kong protests that are accelerating this morning, bob is stopping by today with latest on china. The chief economic adviser mohamed, and kevin on the minimum and state of consumer today. Dan niles is here. Dont miss a moment of it. Big 3 hours coming up. This morning we do have a rebound, futures indicatin
Nasdaq up by 33. However the new york fed, bullard as you mentioned and others are pushing back on this idea that a bigger cut will be coming the new york fed itself putting out headlines saying that speech was not about potential policy actions at the upcoming fomc meeting, this was based on Academic Research done by John Williams i dont ever recall hearing the fed walking back what somebody was out there saying a lot of fed president s have spoken to us over the last 10, 12 years at this point pushing become a bit on that. Lets look at what happened overnight in asia. You will see the nikkei was up by 2 . Big swing back for it. Hang seng was up by 1 the shanghai up by 0. 8 . Again, the nikkei reversing course after the weakness we had seen the day before. European equities this morning, you will be seeing green arrows there. The dax is up by 0. 3 . The cac and ftse up by 0. 2 . Italy and spain weaker italy down by 0. 9 look at the treasury market. Right now on this friday were headin
The humidity it is continually 78 degrees. Watch the air flow. See the air flow is coming, it will show up this a second. Its coming out of the gulf, up from the south, southwest. Thats that humid air and 94 is the forecasted high today. Is that a problem . No. Low clouds are here. Temperatures, again, they are near am, slightly below or above santa rosa. Santa rosa has been a leader oh the pack on the high side. Fog will give way to shall be on the coast. 60ss 70s there. The system this the Pacific Northwest will it does tomorrow, usher in a cooling trend. Southeast, san jose. Thats cooler direction. For us, temperatures stuck here for another day. A drop tomorrow, 60s, 70s, 80s to upper 80s and low 90s. Seminary is better. They opened up that ramp, they took that car away. Thats good. We are talking about 580 eastbound. You can use the ramp. We are speaking of 580, tracy areas meeting with 205. Slow traffic coming out to the altamonte pass, typical. You are driving in to oakland. It
The week as a whole for the three indices. Road map starts with 30 minutes after the jobs number, good news is bad news again. Over 200,000 added in the month of june. That has stock records in the rear view mirror as data may ease pressure on the fed to cut rates. Futures in retreat, moving sharply lower to start the morning. While the u. S. Is on holiday, europe took out the elegant gun on big tech. Both parties in the uk back to target big tech and france moving forward on attacks on the likes of facebook and google the employment rate ticked up to 3. 7 as more people entered the workforce. Wage growth slowed a little bit in june, but remained at 3. 1 year over year for a second straight month perhaps more importantly, though, we did see average Hourly Earnings 0. 2 versus the 0. 3 expected. Mike, your take on this as to whether it really alters the chance of a 25 basis point cut in july. Not very much it injects a little bit more uncertainty than probably traders were hoping for to