Bayers choice. Bed. Nto rejects the rejects the bid. Where less than a half hour wait from the European Equity market we are less than a halfhour away from the European Equity market open. Your stocks up. We are pulled up another percent this morning. Equities overnight in asia doing very well. I was looking at the hang seng index in hong kong. It was up by 2. 5 standard deviations above the mean. Doing incredibly well. The dollar showing a little bit of weakness. The oil showing gain. That should give some more boost to todays market. Lets get to first word news amin. Aslinda haslinda italys biggest bank. That is after assets to improve capital lost the support of investors. He will depart once a successor has been named. He and the board agrees there was a need for a management change. Bayer says it is still optimistic that its pursuit of monsanto will succeed, despite the 62 billion bid being rejected. Offer syrizaare undervalues the company. Monsantos shares grows in new york. Baye
Yesterday so of course we have to keep an eye the fed news yesterday so of course we have to keep an i am what happened in florida, and Central Banks. Tom it has pretty much become routine. Is the exhaustion of how many times we have seen this before. It was a maze amazing in new york city to see the various shades of shock about this tragedy. This was different than the ones we have seen before. Francine it is different and i know that it may also have political ramifications so lets head to the bloomberg first word news with nejra cehic. Interviewed the fbi but each timeller they closed the investigation for lack of evidence. He is blamed for the worst mass shooting in u. S. History. If 50 people were killed and 53 wounded. He was killed in a shootout with police and before the shooting he called 911 to proclaim his allegiance to islamics eight. David cameron is turning to his rivals in the labour party to stop the u. K. From leaving the eu. Gordon brown today will make the case to s
Bloomberg exclusive, three hours to set you up, but first, a look at the markets. Yields moving higher from here. Mark lets get you up to speed. Futures on the front foot at the moment, firmer on the s p 500 after yesterdays alltime high. Look at the moves in japan. The nikkei up by two point five Percentage Points and it is a twoday rally up over six fourth Percentage Points. More stimulus potentially from the japanese government. The nikkei rallied and the yen declined. Weaker japanese yen and the dollar yen trading with a 103 handle an approaching one of four. Cable rates gaining as well. The pound doing very well. It is a firmer story for risk assets, but this is what i find the most interesting. We talked about highly correlated markets, equity markets at record highs and bond yields at record lows. Today is different. Equities on the front, bond on the back, little defensive. Yields going much higher. 30 year yields up seven basis points. Yesterday, there was an auction of threey
Shares of nordstrom down about 15 in the premarket, penne yerkss taking a hit. Well break down whats really happening in the sector. Donald trump launching another attack on amazon and jeff bezos. Trump saying when it comes to taxes, amazon is, quote, getting away with murder. Apple ceo tim cook told cnbc hes very optimistic about china and putting his money where his mouth is in a big way. Well look at the Chinese Company apple just invested 1 billion in. But first up, Government Data shows retail sales up 1. 3, surge led by autos, gasoline and Online Retail. But theres more Department Store pain on the earnings front. Both penney and nordstrom tumbling. At least eight firms cutting their price targets on nordstrom, which misses by a large margin 26 versus 45. Revenue was light. Comps down 1. 7, but the lesson here is that even retailers of that income demographic are not immune. Everybody at the mall was out of position, no way to put it otherwise. If you think of the three drivers o
Prepared is the market for a hike . Financials are the only sector still in the red so far this year. Were going to talk to barclays banking analyst about where theres some opportunity. And our new Digital Series binge launches today. We talk to marquee names in the world of media for an inside look at whats driving our binge culture. Well give you an inside look at what to expect. First up investors focused on speech today set for fed chair janet yell. How the future impact Interest Rate decisions if you listen to some today maybe the chop in the data doesnt necessarily dissuade them from a june move. No, not one month at least doesnt dissuade them. I think the question has to arise exactly how much more data are we going to get before the july meeting that would actually give you assurance that it isnt the beginning of a trend. The fact that markets took it in stride relatively speaking, at least the stock market really just held in there, buying panic and treasuries of course. They