July is here. The fomc has signaled rate cuts may be coming. Clevelands fed president shares exclusive insights on the policy outlook. I think the fed funds rate is about at neutral right now. Plus, expert perspective on what is ahead for the global economy. I think the market is getting a little bit greedy in terms of rate cuts. It is all straight ahead on bloomberg best. Viviana hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began on a note of optimism after president s trump and xi met at the g20 summit and agreed to restart trade talks. The u. S. And china have agreed to a trade truce and say they will revive stalled negotiations after talks on the sidelines of the g20 summit in japan. President trump says he will also scaledback restrictions on Chinese Technology giant huawei. The president saying the u. S. Is winning the trade war and that he will hold
Speaks about relations with the u. S. And the nuclear deal. The United States in my view has shot itself in the front. Conversations about the Global Economy at d7 finance meeting. G7 finance meeting. I think we need to be thinking about what happens if there is more than a slowdown. You need countries that have the physical space to come in, stimulate their economies. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Moneyline monday investors sifted through a slew of data from china. Chinas economy is continuing to slow with sluggish domestic output and trade tensions pulling growth down to the weakest levels since early 1990s. Gdp grew 6. 2 , matching estimates, but below the 6. 4 theme in the previous quarters. It is slowing on a quarterly basis. The take away from to
Its breathtaking. It has the benefit of surprise. Viviana july is here. The fomc has signaled rate cuts may be coming. Clevelands fed president shares exclusive insights on the policy outlook. I think the fed funds rate is about at neutral right now. Viviana plus, expert perspective on what is ahead for the global economy. I think the market is getting a little bit greedy in terms of rate cuts. There will escalate, be a global recession. Viviana it is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. The week began on a note of optimism after president s trump and xi met at the g20 summit and agreed to restart trade talks. Francine the u. S. And china have agreed to a trade truce and say they will revive stalled negotiations. This after talks on the sidelines of the g20 summit in
There. Plus President Trump turns up accusingon china, beijing a reneging on deals in the g20. Shery a quick check of the market close. The thursday session in the u. S. , major indices closing at record highs with the dow exceeding 20,000 in the s p 500 close to the 3000 level. This despite the fact we had a tweet from President Trump complaining about how china was letting us down. Still the s p 500 was led higher by industrials. Again on chair powell testifying in congress one more time. This time on a Senate Banking committee talking about how the fed had room to ease, given the tide between inflation and unemployment seems to have broken down. The 10 year yield to spiking to a one month high after higher Inflation Numbers. We are seeing u. S. Futures unchanged. Lets see how we are setting up for the asian markets. Paul lets get a quick check on how markets are shaping up in the asian pacific. Take a look at futures in japan. Currently looking like this. They are kind of flat right
Investors await the final pricing for the asia operation. They hope the Chinese Market will help drive down debt. Shery lets get you started with the quick check of the markets. Close of the thursday session. Reaching record highs with the doubt surpassing 27,000. S p 500 very close to the 3000 level. We have financials and industrials leading the gains. We got the tweet earlier in the session from President Trump saying china is letting us down. Bit. Took markets a little they were able to recover as we are focused on chair powells second day of testimony talking about the fed having room to ease and ties between the Unemployment Rate and inflation. Yields have 10 year reaching one month high as we got u. S. Inflation numbers coming in the hotter than expected. This friday we are facing a modest retreat in asian stocks after a two day gain. Hares flipping at the closing chinese trade headlines the agenda which comes after trump complained. Malaysia,e gdp plus japan, and india. Theill