France relaunch. President macron unveiled his stimulus plan. The focus shifted beyond covid into longerterm problems. Russian tensions rise. Angela merkel says there is proof that an opponent was poisoned as he was tested in germany. And mercedes considers an electric version of its luxury maibach to defend its luxury anna welcome back to bloomberg position. Markets european open. Are just an hour away from 53 minutes into a positive the start of cash equity trading European Equity session. U. S. Futures have pared some in europe. Lets take a look at futures losses as well. That is worth keeping in mind. Right now. They are higher in europe. Lets talk to laura cooper from markets live team, where she is we are looking at gains across the board. Macro strategist. One of the things we will be watching for his initial jobless claims. I am drawn to a piece you have futures are higher. Written about the importance of data or the way that data that we usually see driving markets we see drop
Plasma will be expanding. Markets turning attention to the virtual jackson hole and the crisis fighting measures. The Republican National Convention Begins in North Carolina today as president ial rival joe biden says he would be open to a second term despite questions over his age. 6 00 a. M. Inne london, 9 00 in dubai. There is a open letter to the fed. It is satire at its best. I like bonds over fx. Just do whatever the bond market says. It is bigger, better, better educated and sharper than both of us. It is a great piece, but it is genuflection to, did you read the minutes and just do whatever the bond boys and girls say. What businessweek calls cringe worthy satire. They give it to jackson hole saying please do us a solid, keep this mind in vote during the jackson hole summit. No cowboy stuff, jay powell. It makes a lot of sense, this satire. It is trying to make sense of the market when you have covid19 pandemic still ravaging economies and Peoples Health and the s p 500 on frid
I think it is needed for the current condition of the market. Nejra and burning the midnight oil. European leaders pull another allnighter in the search for the next European Commission president. We are live in brussels. Manus a warm welcome to daybreak europe. Oil is higher this morning, brent is up by 1. 5 . There is word on the street below me about certainty, about a surety. Those are the words from the secretarygeneral. The consensus is building. Termsonths is offered in of an extension to the opec cuts. Putined bin salman and agreed this before the delegates arrived. Nejra, good morning. It is a gorgeous day. We will be chasing ministers, we will find out what a ninemonth extension for the current cuts could do for the market with trump and xi talking to one another. Nejra absolutely, and that is the key link. Good morning to you. Because we got that agreement that could be rubberstamped at the opec plus meeting over the g20 weekend. It is interesting how important the g20 has b
Surveillance, on tv and radio, alongside tom keene, and lisa abramowicz. I am jonathan ferro. The equity market on the s p up by 0. 5 . I think we can call this a month to forget. Tom in and a quarter to forget as well. The same tensions we have seen off the week. I will go back to something we said months and months ago. The acclaimed black swan quantitative finance expert, taleb, said the gravity has returned to the market. It was a great september. Jonathan it could stronger in the market. What a range we have seen. The high yesterday 4. 6 861 on the 10year yield. This morning, 4. 54. I am not sure what that is based on. Lisa a maybe we got softer than expected inflation out of europe and very little in japan that did little for the market. I am curious how much we are looking at out of the market. Suddenly bond markets are what issuing showing the volatility normally associated with different asset classes. Tom i dont know what we had in the hd block. I am certain in the first bloc
Im katie in new york. Welcome to bloomberg markets. You take a look at markets rate now. Its interesting. The s p 500 only up about. 2 despite what we are seeing in tesla right now. Of course boeing, too. Seeing a little bit after rise. A better story if you look at the nasdaq 100. There you are seeing more of the tesla effect. Up 8. after. 8 . Small caps just for fun. Not too much action. Currently the small caps index russell 2,000 is unchanged. Boeing, the troubled pairliner says it burned through nearly 4 billion as it tries to get a handle on its manufacturing issues. Ryan air c. E. O. Says hes bullish on the companys future. We are seeing optimistic signs. We have seen aircraft being pulled. From wichita to seattle. Without any defects being carried over. I think thats a good sign. Its the speed of the manufacturing process in seattle. We are now getting with the new Management Team in place, i think we are going to hopefully see the end of these production challenges. Katie joan