Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
Track . And a double downgrade for one stock. The Halftime Report begins right now. Welcome, good to have you with us. We have our Investment Committee at the table we begin with the markets, stocks higher following two days of system by jay powell who laid the ground work for a rate cut later this month the attention now turning to earnings which begin on monday i feel like weve got this halo effect from the fed that will last a while you sure do and it is interesting the market is taking a bit of a cyclical shift if you look at what is leading the market so far, it is energy, communication services, technology, consumer discretionary. So the defensive bochbd approximabond approximate is city m proxy mentality has moved away if the expectation is so low, everyone including myself saying, well, okay, here comes earnings it will probably be better than we expect and all the other perceived head winds weve pushed out of the way. It would be remarkable if earnings were not good powells ti
And so well talk. No. Thank goodness, and lets talk about markets earnings. I want to know what hes fixing. Fixing facet. Lets talk about markets and the recordbreaking last week. Futures are pointing to higher ownership a 28 point gain on across the board after all three major market games finished in record territory on friday. Second quarter earning season kicks off in about two hours. City reports President Trump tweeting on the economy last night, were doing great economically as a country. Number one, despite the feds aint waited policy on raids and tightening room to grow. Mitch lets start with again the feds getting ready to cut Interest Rates based on all indications. So thats thats not tightening. But lets talk about earning season what do you expect because again, rip to, quote, ya a rip roaring market but you have earnings are expected to come in negative for this quarter. Last quarter same i mean for the Second Quarter, and negative even in the Third Quarter based on expec
A handful of nations say they will back a yet to be finalized trade mechanism. The Trump Administration has introduced another round of sanctions top venezuelan officials. The Treasury Department has increased sanctions against the illegitimate regime of nicolas maduro. Son say nicolas maduros was devising a plan to pressure deny humanitarian aid. The 737 max is not the only boeing jet accused of having software issues. Pilots have reported Flight Control problems they blamed on software bugs, according to an Aviation City the database maintained by nasa. The amount of computer code in a typical commute from jet has commercial jet has grown 40 in the last decade. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im Darrelle Revis taylor riggs. Amanda im amanda lang. Welcome to bloomberg markets. Here are the top stori
Wapner starts right now. Welcome, good to have you with us on this tuesday. Our Investment Committee here at the table. The ceo of arias Asset Management stocks are in the red, again a day before fed chair Jerome Powell delivers testimony before Congress Amid expectations that the central bank will cut Interest Rates later this month. So much, pete, it seems is riding on that what felt like, i dont know, almost like a foregone conclusion but then you have the jobs report and now there seems to be some question as to whether powell and Company Really have your back or not then you have larry kudlow talking about hes probably safe i mean, i dont know how much you buy. Or is that a negative that he gives excellent coaching in the sporting world everything is great everything is great now youre out of here i tell you what, that wouldnt be shocking to me. I dont know if that is shocking to anybody on the desk it wouldnt be shocking to me. I think that is the focus right now. Trump has gotte