Thursday as washington awaits. Youre right, the ecb will be very important. Jonathan ferro made clear to me the optionality that madame lagarde has is extraordinary. Weve got claims at 8 30 washington time, new york time. That will be a precursor for jobs day tomorrow. All of this is overwhelmed by the historic moment. All i can tell you, just one vignette, francine it was extraordinary to see the handwritten note by the chairman of the joint chiefs of staff yesterday, to his officers and his troops. That was truly an historic moment. Francine we will spend a good amount of time talking about the military, given what we heard and general mattis esper. Lets get to bloomberg first word news in london with leighann gerrans. Leighann good morning, francine. As you were discussing, President Trumps former defense sayingry, jim mattis, is the president misuses the military and is dividing the nation. He also said the country must reject those who make a mockery of the constitution. President
Reinforce a sobering message. Bloomberg technologys says apples new iphone features equipment that is best in class. We are seeing u. S. Futures under pressure, down. 1 present. 1 . Make a comeback after dropping about 1 as we services readings. It managed to bounce back. Investors bet more said action will be needed. We have the 10 year yield falling for a sixth consecutive session and headed towards 1. 5 . Contact leslie gains with the nasdaq gaining more than 1 . Sophie. Sophie futures are looking mixed as the regional benchmark is set for a third weekly loss. In tokyo, we are watching for reaction to reports that the u. S. Japan trade deal will take effect on january 1. President moon is to meet with the chiefs of four business lobby groups. He will meet with investors to explain the state of the economy. Switching the board to check in on bonds this morning, we have aussie 10 year yield slipping below 90 basis points, and the kiwi 10 year yield is below one percent this morning. A
We are getting data out of the euro area. Services pmi is 51. 6. Anything above 50 means expansion, but it is a touch below estimates. At the stoxxok 600, for germany is close, so maybe a little less money out there to trade. Brexitf folks will be on and Boris Johnson will Tell Parliament today. Watch out for any reaction in the pound. , itou look at that paring has much to do with the dollar more to do with the dollar than Economic Data out of the eurozone. Is big worry weve seen exactly what kind of economy we are looking at. Coming up, more from the chicago fed president , but first, lets get straight to bloomberg news. Donald trump is seizing on revelations the u. S. House Intelligence Committee chairman adam schiff met with the whistleblower, the person of the heart of the impeachment investigation. This invalidates the complaint about his controversial behavior. He alleges the Democrat Health right original plaintiff but did not divide any evidence. He should resign from office i
Number for manufacturing. We received a number of reports over the last many months about trade uncertainties, about how Manufacturing Enterprises were a bit reticent to expand capacity. Capital expenditures have been very weak. I think it is a little more confirmation of the reports we had been seeing, and i think it will be very important to see the progression from here. Guy does that point the fomc towards a rate cut . Manufacturing is not a huge part of the u. S. Economy, but it is a significant part of the u. S. Economy. It certainly is. In my midwestern district, we have more manufacturing than the average. Ive heard about this, and the weaknesses that come from trade uncertainties. The thing about Monetary Policy and what the right positioning is, i definitely think the fomc has been moving to what at one point last year looked like slightly modest, restrictive position. Now we have an accommodative position. Whether or not one more rate cut is the right position or not, i thin
Today, uk chancellor Philip Hammond and brexit secretary david davis are in germany trying to win support for a favourable post brexit trade deal, especially when it comes to Financial Services. The Financial Sector is the uks biggest exporter, accounting for 10 of the entire economy and 2. 2 million jobs. But the uk argues the city of london is also important for europe. Mr hammond and mr davis will remind germany its firms need access to londons Financial Markets. The bosses of barclays, insurance giant aviva and Goldman Sachs international are thought to be among up to 15 top finance chiefs meeting Prime Minister theresa may later. She will be trying to reassure them the uk will remain a vibrant Financial Sector after brexit. There will be tough talks ahead. The eus chief negotiator, michel barnier, has been clear britain cannot cherry pick which benefits of eu membership to keep, and there will be no special deal for its Financial Sector. It is a concern echoed by the head of the G