A legal case for failing to crack down on fiat over the emissions scandal sending shares in the carmaker lower. Ubisoft shares sink as the french video gamemaker trims its midterms sales guidance, despite playing down its reliance on new launches, saying it can boost profitability from older games. Good morning, everyone. Lets kick things off with our top story. President trump asked former fbi director james comey in february to end the agencys investigation into former National Security adviser Michael Flynn, thats according to a report by the New York Times. Nbc news has confirmed that comey wrote a twotaj mpage mem detailing the conversation immediately following the meeting. The white house denies the version of events saying the president never asked mr. Comey or anyone else to end any investigation. Nbcs blayne alexander has the story from the white house. Reporter tonight more damage control for the white house, now denying new reports that President Trump urged former fbi dire
Work and prepared to set to step a little bit higher. That is how semiconductor will play into the chipmakers. You have job movementsm and qatar is a very strong economy. Fors theresa may braces and stocks are set for a high opening. You have Global Equities and pushback from tory lawmakers over her brexit repeal bill. Yellen fueled the investor confidence. Global equities, the longest winning streak since the middle of april. The chinese export numbers as well. Anna a very warm welcome to exports of 11. 3 in june from 8. 7 in may. Anna a couple of things to bloomberg daybreak europe. Im anna edwards. Watch, we put up details where manus janet yellen has managed we are in the market. A couple of headlines coming through. The owner of the unicode chain to poor coldwater on the uniqlo chain. Probability of a rate hike. The probability in december drops to 50 . In at ¥22. 9t coming when it comes to size and scale of the bond market, a 10 billion below the estimate of million bet, and thi
Will draghi spoil the party by turning the ecb toward exit . And trump says he will announce a tax reforms this week, but how much detail will he really be able to reveal, matt . Matt less than half an hour away from the european open, and it is going to be an exciting day. Lots of Movement Across a wide range of asset classes, but take a look at futures to start with. , you can see at the bottom of your screen, cac futures up 4. 5 . Were expecting to see big movement in french stocks today for once. We have already seen big movement in debt. I have bunds on the top of the screen, this is a threeday chart. If you look at this, election is here. This is where you see it coming down in yields, bunds shooting up as investors get out of the trades they had in place before. This is a longerterm look at the spread, and you can see here at the end of the screen that it has come down dramatically. That is what you would expect after we didnt get the kind of event that could have reared its ugl
On the bloomberg. The reason you do not see a dot beyond on the righthand side, he is saying that is outside of a poor castable four castable forecastable period. This is fascinating. When the summary of Economic Projections came out and we look at that straight up right at the bottom, the answer is there now. Jim bullard. David when you read the statement hes just issued, hes saying a lot of things people the fed is about projecting out into the future well beyond what it can no. Know. S what it can some people think their models are run. Alix how do you forecast a fed that is data dependent . After the dots were released, there was chatter in the market with alie evans statement of a shift in how you view the economy and where you actually think rates should be. Of the f1 all members see are in agreement about the approach to this question. Agreement. In the question is whether other people come to jim bullards side. David we will have a bloomberg exclusive with microsoft cofounder b
There already helicopter money in the markets . They are buying so much of the debt already, pushing the maturities out. Are they really financing stimulus . Deciding many years ago what theyre going to do. In mike will bring with with his interview Esther George. Her outlook for inflation. You have to focus on inflation, jon. Jon lets get you up to speed. Teachers marginally negative, down. 2 in the u. S. A soccer session in europe with the ftse down. 25 . Soccer session in europe a softer session in europe. The bloomberg dollar slightly softer. Covering the bond market as well come a quick look at commodities, the index coming in just a little bit. It is very much a Federal Reserve story. Alix a risk off day, little bit into friday. Lets check in with our bloomberg team. Matt boesler on janet yellen. Onon clark in tokyo helicopter money coming to japan. With investoryde confidence 26 hours to go. What will be here in the next day . We hear in the next day . How its interesting that f