The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
The stand at the google trial. Caroline we will get estate on the eve of industry. Lets check on the broader public markets. We are dictated by macros and all eyes on Jerome Powell having his roundtable. The nasdaq is up bite zero. 3 . The 10 year yield can probably take some of that rally, 12 basis points on the high side of the 10 year. The focus and where the Federal Reserve has to relay the pressure to fight off inflation. Some pressures are coming off of commodities today. This is a question of growth. Lets move on to the risk asset thats up three and 4 on bitcoin which is a stellar rally to start this new quarter with maybe some repositioning at the moment. Ed we got Third Quarter delivery numbers for the ev space, tesla and rivian fell in premarket trading. The numbers and come back and we are notably higher compared to where we year where we were. Tesla, 435,000 evs delivered in the quarter. Downtime for factors as they root tool as they retool. That impacted some of their prod
Prepares to meet with a Bipartisan Group of lawmakers tomorrow to address gun violence. Extreme weather same in the United States wreaking havoc in several states. Storms expected to bring in wind and rain throughout the day. What you did spell about about the dangerous weather coming out. Roger goodell going headtohead with Americas Team expecting to send Dallas Cowboys owner jerry jones with a massive penalty with a reported sevenfigure fee. All the stories coming up this morning to talk about it is dagen mcdowell. The wall street journal Global Economics editor Jon Hilsenrath upholster lee carter is here. Good to see you. Good morning. Spirited morning. Dagen msu. Maria jay powell big story. 830 to his testimony testimony and then q a. 8 30 to get the embargo. This is a big moment for the market. A lot of that seems to have come through the system. Powell says things pleasing to investors we could have another big day in the market. Dagen people have been buying treasuries the last
Market. Being a strong developing market. We do have some donut competition around the world. I think you have to come back to the fact that globally, the number one seller of donuts anywhere in the world is dunki donuts. Matt you mention the cold pressed coffee and i know youve recently done a partnership as well with cocacola. How do you see your coffee evolution . Youve moved away from drip coffee and more into espresso and customized drinks. I wouldnt say we moved away from it. Original blend coffee is still a significant part of our revenue. Young people like two things, which we are the Market Leader in iced coffee, and we enhanced our coffee range with the introduction of cold brew. We brought in more espressobased drinks. Millenials like espressobased drinks and maki otto ma cciato. Macchiato. They also like iced coffee. We are not going away from drip coffee, but the opportunity and espressobased drinks and iced coffee is spectacular and is growing. Matt probably because you c
Global news 24 hours a day, powered by more than 2600 journalists and analysts, in more than 120 countries. Im mark crumpton. Isom bloomberg west, next. Emily im emily chang. This is bloomberg west. Coming up, could brexit cast a shadow over business in the cloud . We sit down with the ceo of box, and how hes preparing for a european split. Plus, one of the Countries Companies pioneering analytics to see how Smart Software is driving up satisfaction. This week, bloomberg is taking a deep dive into the world of pharma. Developing a solution to peanut allergies. First, u. S. Stocks rallying, paring losses post brexit as the market shows signs of regaining footing. Tech stocks were among the winners. Lets bring in remy innocence you in new york, standing by. Basically, stocks rising for a second day in a row, after two days of losses post exit. The nasdaq was the biggest gainer, around 1. 9 . That is higher than the lows in the past six days. It was a broad rally led by energy, similar to