Good morning. This is bloomberg surveillance. I am Francine Lacqua in london. Show, we on todays speak to the head of g10 fx strategy at Merrill Lynch international, and the ceo and coast cio at shen of our financial group. At a financial group. Function and a message will come to me. It is monday morning, 9 00 in london. We are seeing a little bit of volatility, but nothing huge. Oil gaining. One i would like to keep an eye kospifter the costly slid this has to do with geopolitical concern lingering in korea. Weis extremely important keep an eye on what happens at the g7, where Foreign Ministers are showing up, and Rex Tillerson on wednesday heads to russia. It seems the world may be a little more uncertain than it was seven days ago. Lets get straight to the bloomberg first word news. Nejra barclays said its board will issue a formal written reprimand and make mythic and cuts to the ceos pay after he tried to identify a whistleblower in 2016. They say he made an error in not applying
Will join us on macys earnings. Jon futures negative, down by 48 points. Europe come after two days of gains, weve rolled over a little bit with the dax off by. 8 . You at italian banks specifically. Bottom sachs calls the after a day of losses. Euro. Nger in the face of a lot of slide in the treasury market, 10 year is in focus today. Yields still lower, down by a basis point. That call on the yield. Does not look so outlandish today. We will talk a lot about the dollar today. Geetha ranganathan breaks down disneys disappointing earnings. How the yen is affecting toyotas bottom line. Guy johnson has goldman is latest call on the dollar. Ahead to theooks vote on Dilma Rousseff. Plummetingisney premarket. It posted secondquarter results that missed analyst estimates. ,e welcome Geetha Ranganathan live from princeton. Lets talk about the shortfall and reaction here. Obviously, they missed both topline and bottomline. Most of their media peers had reported better results. What happened th
Also, happening this week, House Republicans are set to vote on the no fly, no buy gun regulation and democrats planning for disruptions on capitol hill this afternoon. Here we go again. Varney company with no disruptions starts right now. All right, lets take a look at the dow futures. You can see the dow off some 88 points, were seeing weakness already in europe. Perhaps brexit fears coming back to the floor. The dow is up 89. The s p 1 2 of a percent. Gold and silver, worried about brexit and spend sending gold and silver higher. Check this out. We dont talk about silver that much liz this mentality taking the polls and the market safe haven assets. With the negative Interest Rates now at 11 trillion, morning worldwide and Corporate Bonds moving into negative territory, according to jp morp chase, about 300 million there. Gold etfs, youre right. Hitting threeyear highs and silver is ahead of it. Theres some retracement in this, but silver has rode ahead of it a long way to go liz so
What kuroda is going to do and how that affects the global bond market. We will debate the future of the feds Monetary Policy with former minneapolis fed president gary stern. First, jon will bring us uptodate on the markets. To the bloomberg, gear up for the session on wall street. In equities, no real drama. We are down about one third of 1 . The dax off by. 4 . The real shakeout is having fixed income. Lets move things over to that asset class. The long end of the jgb curve, yields up by eight basis on the 30year. Endntially it is a long selling off quicker than the front end. The idea as they the idea is that you place in more inflation, more stimulus may be, but more specifically, the central bank and the bank of japan may shift things toward the front end and allow the long end to selloff a little bit. In the fx market, the move is as follows. The dollar is stronger. Up about. 1 . Dollaryen has been absolutely whipsawed by what is happening. If you thought the fed and the specula
The dax is up. Its up by about a quarter percentage point. If you want to check out crude oil prices today, yesterday giving back some ground. Relatively flat right now. Down by about 4 cents for wti. Dropping slightly this morning as major producers down play the chances of an output these at this weekends meeting. Separately, the International Energy Agency Cutting its estimates for Global Demand growth in 2016. And it is another busy day for Economic Data and earnings reports. Were going to have weekly jobless claim at 8 30 eastern time. Expect it to hold steady. Filings have been 300,000 for about 58 straight weeks now. Also at 8 30, were going to get the march Consumer Price index, headline cpi expected to tick up about 0. 2 following a decline in february. Now, atlanta fed president Dennis Lockhart is also speaking today. Were going to have to wait to see what hes got to say about all this. Also, for earnings, look for results from bank of america, blackrock, wells fargo, Delta A