Sight for russias market downfall. It is bottoming out a bit. Anna a very warm welcome to bloomberg daybreak europe. Our flagship morning show from london. Let us talk about the dollar. We talked about it a lot this week, certainly yesterday in the aftermath of the Federal Reserve Interest Rate hike. We are once again talking about the dollar. Go long or go home is the title of this fantastic chart i have for you here. Circle, november, marks the victory of donald trump. What we have on the white line is net dollar long. Their highest level since january. Are we done with the dollar rally . Perhaps not. A 10 year high against the yen. Let us put up the risk radar to show you where we are compared to other currencies and Asset Classes. The euro is a focus. Some big moves in the euro this week. 104. 37. The euro hit 103. 67 in yesterdays session. For the dollar against the euro since 2003. Asiapacific, up by 0. 3 . Brutal in the wake of the hawkish fed about 2017. When of conversation ab
Campaigns. Julie i want to start in the bond market. Sale an hour ago. With the auction of 10year note, 23 billion worth through one point 503 , the lowest deals at an auction in four years. That implies the highest demand in four years time. We have a chart of the yield as well that we have seen an option. Here is the oneyear chart and decline. What is interesting about this, we have seen auctions recent auctions have not been as strong. Pimco total return fund coming out and saying it is increasing Holding Treasuries to a 25 month high. U. S. Treasuries still competitive, even in what could be a rising rate environment eventually. Still yielding higher than many around the globe. Stocks, weu back to are seeing declines. Not huge ones, but still a leg lower earlier in the session along with oil prices. The nasdaq is down the most today, off i about. 4 . Off by about. 4 . We have a couple of different pieces of news. Southwest airlines set a tookter outage on july 20 down the numbers.
Views of social and governmental policy which in many ways is entirely possible that when he served four years from now having this conversation with my grandson, during the 3rd edition we could look back on the late 20th century has a timeless constitutionally questionable. It is certainly much debated a hot topic debate. Ii think it is possible that we will view the issues of today as were it might have gone awry. Yes. Partly i think controversy is a little bit of a copout because every generation has had a big controversy. The difference with the modern era is we are a little more careful about not taking a position on it because we are not sure where it is going. A few questions about specific provisions. I will go through a few. Thethe Second Amendment was essentially based on the founders fears of standing armies. Yes. Next. Well, let me try and give the short version. The Second Amendment is a fascinating amendment. The political purpose was fear of a Central National army. If t
Views of social and governmental policy which in many ways is entirely possible that when he served four years from now having this conversation with my grandson, during the 3rd edition we could look back on the late 20th century has a timeless constitutionally questionable. It is certainly much debated a hot topic debate. Ii think it is possible that we will view the issues of today as were it might have gone awry. Yes. Partly i think controversy is a little bit of a copout because every generation has had a big controversy. The difference with the modern era is we are a little more careful about not taking a position on it because we are not sure where it is going. A few questions about specific provisions. I will go through a few. Thethe Second Amendment was essentially based on the founders fears of standing armies. Yes. Next. Well, let me try and give the short version. The Second Amendment is a fascinating amendment. The political purpose was fear of a Central National army. If t
Again, as you probably know currently 49. 60. Tenyear yield below 2 . Apple making history once again. First u. S. Company to close with a market cap above 700 billion. Hours from now, greeces finance minister set to meet with eurozone counterparts in hopes of striking a debt deal. Pepsi beating the street. Pepsicos Financial Officer hugh johnson will join us in a few moments. Apples making more history, becoming the first u. S. Company to close with a market cap above 700 billion. Two, exxon mobil, 385 billion. Apples ceo tim cook attributing the success to rapid growth in china. Also announcing partnership with first solar to build 850 Million Renewable Energy farm in california, jim, in monterey county, where theyre going to power not just own headquarters at data centers, retail outlets. Ive always liked first solar. Glad hes teaming with them. Used to be high cost producer loes cost producer. Tim cook making a good engineering move. A lot of different things. The companys doing gr