Expectations china vowed to retaliate against u. S. Tariffs set to go into effect september 1 were now on track for a higher open lighthizer said its not possible given your past behavior so an awful lot to absorb today. Very interesting that the futures are up exactly the amount they are right now. They issued a very strident set of words toward us at the same time, announced stick l stimulus for hong kong where is what the president said on twitter what happened and without that, i think theyre going to view the olive branch of moving back to december as an illadvised move because the chinese arent playing ball were going to have Chuck Robbins later on this hour the chinese derailed their outlook. Asking them not to bid on business things are getting very, very tense. If we let that dominate the headlines and forget to look at what walmart said today, i think well have a false narrative because of how bad things are. Remember, we are not a big export nation. But yeah, the gloom is pr
Markets that could be headed for a collision course bonds and stocks both surging together stock s hover near record highs. Check out the etf that tracks the bond market. Its highest level, in fact, since the election how long can they rally continue which will be the first two break . Does one have to break, guy . I dont know if one has to break. The bond traders will say theyre the smartest guys and gals in the room the bond market always knows sthichk t something the equity market doesnt know this time last year, yields 10. 6 , everybody looking for the downfall of the stock market, probably myself, included, by the way. All weve done is rallied ever since. Although the bond market is clearly telling you something, i think about the economy,stock markets playing a different game look at the transports within a whisper of the alltime high russell, same thing. Financials held a level weve talked about for a long time in the form of the xlf, 23 so unless im thissing something, which co
It has nice pretty mountains. Very strange place. Anyway, senator greg is here with us for the rest of the show. Were going to get caught up with him in a moment. Among our top stories this morning, fed chair janet yellen returning to capitol hill this time to return to the House Financial Services committee. She told the senate panel waiting too long to raise Interest Rates would be unwise. We have eight meetings a year and it means that at some meetings we would, if things remain on course, increase our target for the federal funds rate and not act at others. And precisely when we would take an action, whether its march or may or june right. I know people are focused on that. I cant tell you exactly. They are. They are. Just so you know, they are. I cant tell you which meeting it would be. I would say every meeting was live. That was their goal to make sure they know every meeting is live. Every meeting could potentially lead to a rate hike. Lets check out the market reaction. The s
Prince alwaleed i think he will have a focused strategy, a focused plan, a focused policy. David it is all straight ahead on bloomberg best. Hello and welcome. I am david gura. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Most Global Equity markets ended the week on a tear, which started last week, shortly after the election of donald trump. For global bond markets, the week began on a different note. David the global bond route deepened after a record 1. 2 trillion was wiped out of the market last week. 30year yields topped 30 for topped 3 for the First Time Since january. Jon i wonder how long yields can keep spiking without the risk rally taking a big hit. Matt there will be plenty of buyers for a higher yield. There is still a thirst for the yield in the market, and at some point, value in a treasury market will be there. I do not think we are that far away. I do not think inflat
Prince alwaleed i think he will have a focused strategy, a focused plan, a focused policy. David it is all straight ahead on bloomberg best. Hello and welcome. I am david gura. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Most Global Equity markets ended the week on a tear, which started last week, shortly after the election of donald trump. For global bond markets, the week began on a different note. David the global bond route deepened after a record 1. 2 trillion was wiped out of the market last week. 30year yields topped 30 for topped 3 for the First Time Since january. Jon i wonder how long yields can keep spiking without the risk rally taking a big hit. Matt there will be plenty of buyers for a higher yield. There is still a thirst for the yield in the market, and at some point, value in a treasury market will be there. I do not think we are that far away. I do not think inflat