The ftse is flat. Cac is down by 0. 16. The dax is off by a half percent. Looking at the treasury market. The tenyear yield is still deld below 2. 4 . Now at 2. 35 . Crude oil, syria is not a major oil producer. It produces the 66th market in the entire world for oil production. Any time there are bombs in the middle east, as pointed out, you see a reaction in crude oil. It used to be you sthuthoughe arab states would immediately look at us as on the other side. Jordan is dealing with such a mass influx of people who have been left behind. The knee jerk reaction was the straits of hormuz i can remember in previous the beginning of things. This was a targeted strike. Its not like 1991 or the shock and awe, but oil would go up 10 . Go up like 8. 91 it went up 8. Syria has been a problem for all the middle east neighbors. But at this point, even the oil reaction is muted. 100 point drop in futures is like half a percent at this point. Even that wasnt big. You figure in the old days, middl
Military strength. And some signs of a not so roaring economy. Retail prices are dropping. U. S. Futures now pointing to more or less a mixed open. Shares of eli lilly are tumbling more than 5 in the free market, failing to receive fda approval for a new Rheumatoid Arthritis drug. Stocks are looking to bounce back after the dow and the s p ended the holiday shortened week with the worst day in three weeks. And retail sales slowed down for a second straight month. We have geopolitical concerns and the Vice President is sending north korea a message during his visit to south korea. While issues like that remain the president and i have great confidence that china will properly deal with north korea. But as President Trump made clear just a few short days ago, if china is unable to deal with north korea the United States and our allies will. Got the dollar today at a five month low versus the yen. People going for safety. We mentioned gold getting near within about 2 bucks almost of 1300.
And spain and france. Strong gains across europe. And look at crude, which is set for weekly gains, up by 1. 25 on the week. Showing just about that gain today. We got surprising inventory builds yesterday. Traders seem to be taking in stride. The u. S. Treasury department issuing final rules to crack down on those tax inversions. Thats when a company is acquired by a smaller foreign business in a low tax country to avoid paying the higher u. S. Corporate tax rate. The new rules crack down on earnings stripping when the u. S. Subsidiary avoids taxes on domestic operations by sending them overseas as tax deductible payments. Got that . Sara eisen does. This is clearly becoming a signature issue for the treasury secretary, for this administration. And what he issued yesterday were new rules to crack down on tax avoiding companies. This earnings stripping strategy, its a common practice by inverted companies, they use the u. S. Subsidiary to issue loans from the Foreign Company that are t
The bank did not give any and says theion but rt bank is reviewing the decision. The kremlin stated that moscow would respond in a practical manner. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Scarlet we are 30 minutes away from the close of trading in the u. S. Live from bloomberg headquarters in new york, and scarlet fu. Julie im matt miller. Matt i am matt miller. Scarlet a rally in energy companies. Joe but the question is, what you miss . Scarlet investors are driving into passive products. We were here on this topic. And it is a showdown in sin city. President ial nominees donald trump and Hillary Clinton faceoff for the third and final debate in las vegas. We will take you down with a preview. And one of clintons biggest supporters, billionaire a little steve case, joins us live from aol founder steve case, joins us from the vanity fair summit. We will ask about Lessons Learned from t
Equity board. S p 500 futures negative not even a 10th of 1 . Minors leading the losses. Switch of the board. All eyes on crude. Inching to the 50 mark. Wti 48. This is what i am looking at in the fx market. A dollar on the front foot. Switch the board and get to this. 14483. One pound, camp. The remaining 37 in the leave. The referendum is ahead on june 23. That is when we are now where you get one pool and you get the spike. Lisa it wasnt one single pole, there was building up to this. Jonathan a bit of momentum may be. David now lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories. Mike is an anchor of bloomberg surveillance radio. Cooks first trip to india. Matts house and joins us. Lets begin now with mike. This is the feds april meeting that and minutes of the fans april meeting are out today. , what are we looking at . Michael they have been trying to talk the markets of present time and we are finally getting some reaction. Inves