Index continued gains. The s p down despite several companies doing well today, the best of which is apache, finding success in suriname. The dollar index up 0. 4 . Weaker euro, weaker british pound. Really, the only currency that isnt weaker against the u. S. Dollar is the yen. Stronger, notvens a huge reaction to the continued anticipation of what might come next in the u. S. Iran conflict. Guy lets talk about what is happening in europe. Brent is on offer today, seeing a little bit of weakness when it comes to the oil market. Europe is a little better bid today on a slightly calm her market. At 1. 1141. Vonnie casting doubt on claims there baby powder causes ovarian cancer, talk about this study with Johnson Johnson. Reporter one of the issues with these cases, which claims that talc outer produced by j j talc powder produced by j j gave women touch of cancer is attending to assess what is the Scientific Evidence for whether or not this happened, and this is early hard to do. To try
Investors, be good for both companies. A little off their highs now. At one point, td was up 24 . Interesting to note, e trade is down on this deal. Guy lets take a look at the stoxx 600 in europe, down by 0. 4 today. The pound is rising. We have the labour party issuing its manifesto earlier on, bashing billionaires. Seems to be fashionable on both sides of the atlantic. See,n tenyear, as you can we are seeing a little bit of movement in yields today. The big movement actually came yesterday. People are watching what is happening with this trade story, trying to figure out exactly how the whole story fits with the trade story. We are going to talk about that in more detail. Vonnie the u. S. China trade war weighing heavily on the minds of world and Business Leaders at the bluebird new Economy Forum in beijing the Bloomberg New Economy Forum in beijing. Have a listen. We are at the foothills of a cold war. Common,ould pursue comprehensive, cooperative and sustainable security, and reje
Tenyear, and we are looking at a situation where the euro is going down. Basically, olli rehn has said we are going to get the bazooka out in september. It needs to be impactful. We are going to deliver in september, and when we do deliver, it is probably better we go too far rather than not far enough. That is the effect on the euro. Vonnie in the u. S. , we are seeing the s p 500 trade higher by about 2 10 of 1 . Broadly higher for most of the major indices. The 10 year yield is at 1. 55 , so continuing to decline. The spread is staying positive, marginally. Guy a little bit of breaking news. The Swiss Stock Exchange is said to be considering buying an eu for somerd, looking diversification. Story. Y be yesterdays we will come back to that. Trade concerns causing some fluctuations in the market right now. Treasuries resuming a rally that pushed the 30 year below 2 overnight. Joining us now, patrick spencer, baird vicechairman of equities. What have you made of the last 48 hours . Pat
Posted one of its worst quarters relative to the s p in over a decade. Caroline we will take the pulse of the ipo market as rubrics ipo filing Shows Growing revenue but still losses. We are having the worst day in about a month on the key benchmarks. Tech under pressure. We see once again a fear of the fact that the u. S. Economy is too strong. The Federal Reserve will not be cutting rates as anticipated the Federal Reserve will not be cutting rates as anticipated. More frothy your names we will see a pullback in some of the more frothier names. Bitcoin under pressure. We see the inflows dial back from the crucial spot etfs. There is one stock you are watching. Ed tesla deliveries missed expectations. Thats an understatement. Deliveries, 388,000 in the quarter gone. The biggest myths against bloomberg consensus on record. Where did we get this analysis wrong . The stock is down around 5 in the session. Premarket had fallen as much as 7 . What are the factors that are happening here . I
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