Some tariffs for soy and pork from the u. S they didnt specify quantities involved they imposed 25 tariff since july 2018 in retaliation eunice yoon was up very early it is 12 hours later there. She was up very late. Whatever it was. She was up she tries to figure out what is happening. This is the beginning of some positive that is my take. And futures are up. After thursday when the Chinese Ministry said, look, we are still on track for kauks it would have to be precondition, okay, here, well drop some of ours first and get to you december 15 right . Right i was thinking about how much risk there is to thinking about 10 or 11 months before an election and what could go wrong. We heard about if there could be a recession. He says 2021 what if there was a big market break next year in the stock market you saw what happened a year ago at the holidays. Christmas shopping draops significantly. Where im going with this trying to follow. I know it is hard trump has we are at new highs right
Cheryl the focus on all this is on the 10year treasury yield. Worries out of federal debt and Interest Rates, as you can see yield is 2. 84 . Lauren we had a hawkish tone from the European Bank yesterday central bank done are down across the board. The cac in paris is down half a percent. Cheryl in asia stocks slammed, nikkei down 2. 3 , in china down 4 . Lauren biggest leak in the history of apple. Someone actually leaked the secret source code for iphones of the worldwide weapon, fbn am starts right now. Cheryl 5 01 a. M. In new york, its friday, good morning, im Cheryl Casone. Lauren here we go another crazy day of tradeing, im lauren simonetti. The government has been shutdown for five hours, this is the second shutdown less than a month after congress failed to pass the spending bill in time, youre looking at nancy pelosi live pictures on the house floor where lawmakers are debating a bipartisan twoyear budget deal that the Senate Passed right now. And today we have an opportunity
5. 2 trillion in worldwide markets. Amundi some analysts worry is too conservative. We are in this period where we dont know who will be the faster or the question of overvaluation. The u. S. Government shuts down briefly but the Senate Passes the budget deal after a midnight deadline raising hope that a full agreement will be in place before most americans wake up good morning its friday, tgif. We had another weak session in the u. S. Yesterday dow jones was down about 4 . The hand over from asia was not that pretty either we saw the nikkei down 2. 3 down overnight. We saw weak performance in chinese stocks, down about 4 . Some of that is due to liquidity being squeezed into the Lunar New Year the picture for europe, we started off quite weak, but since then european stocks have been trying to make a comeback clawing back towards the zero line stoxx 600 is down about 0. 2 lets look at individual bourses. Yesterday we had big moves in the dax. It was down 2. 5 in yesterdays trading. It
Shareholder in daimler, the stock trading up 8 . We will watch daimler at the open in europe. And assets management. Deutsche kicks off its plans to ipo dwx. Will john cryan get enough of the units to keep his turnaround strategy on track . Thats the big story here in europe. That ipo is about four weeks away. Lets talk about where the fair values are. Looks like we will see a positive start in europe, up by around. 5 . Asia was positive around the overnight. I will show you what russia is doing, trading higher. You futures pointing positive for the start of trade. Lets show you what the gmm looks like. In russia, the market has opened and we are watching the ruble. It is the banks leading the charge. This is where it started friday afternoon, s p up 1. 6 , now feeding through into asia. The renminbi and aussie dollar, the yen. The dollar is trading lower. Lets show you what the second moves looks like. Bid, which isng a interesting in itself. Godl gold is up. Its a big week for the fe
To resign. Welcome to the program, this is bloomberg daybreak europe. Lets check in on the Market Action overnight. The msci asiapacific is trading higher after we saw that strong session and United States. In the past two sessions, the biggest twoday increase in 18 months. 43 . S up 0. Japanese markets big weighted down being weighed down. Are also pointing down, so we need to be aware of that as we go through this mornings session. Morgan stanley joining Goldman Sachs and jpmorgan and advising the dip. He dip buy the has been a substantial move, and one of the things in the mix seems to be the Prime Minister in japan speaking in parliament, talking about how they have a blank slate in choosing the governor of the bank of japan. Reports suggested that governor kuroda would be tapped for another term. That could still happen, of course, but theyre talking about a blank slates of people to choose from. The3 is where we trade dollar against the brand rand. Zuma refuses to step aside, but