A bond rout in overdone . Been overdone . Another survey said 50 Job Vacancies have slumped. It talks about a seismic drop in brexit starting to bite. Bitcoin has a bad day. The cryptocurrencies slums on new south korea is planning a crackdown on bitcoin exchanges. We are half an hour way to the european open. Take a look at the futures. The wei trading up and futures mispriced, we will have a slightly positive open. You can see the cac less than. 1 of 1 , the ftse even less in the positive territory. Take a look at what is much more exciting and that is treasuries. The 10 year yield is what anybody is watching. The question is, are the biggest names in finance wrong . Bill not bill gross, jeff dunlop gundlach. Continuing to buy treasury. That would be hard for the market to bear but we have the yield coming back down, 2. 45. Lets get the bloomberg first word news. Says in report claiming officials reviewing the countrys Foreign Exchange holdings have recommended halting purchases of u
Down. 4 . Downllate inventories was 3. 8 million cubic feet, when we were looking for a build. Ninthsting report for the straight week of drawdown, and a big one, mark. Mark take a look at where the equities are trading. 30 minutes away from the thursdays session. Little change for the benchmark stoxx 600. This is the wonderful gmm function. What you can, ireland, germany higher portugal, ireland, germany higher. Greece is lower. The euro this and continues descent continues. Bonds, commodities from your other 2 columns, mixed there. , higheriveyear commodities. Aluminum, natural gas, the other ones we are focusing on today. The economy feeling the first fullyour acceleration since 2010, underpinning global growth, giving authorities more room to purge excessive borrowing. Gdp up 6. 8 in the fourth quarter. Turnaround is too strong a word, says our bloomberg chief asia economist in beijing. He says there is still a mountain of debt and major structural challenges to address, but compar
Mission technology. We get the analysis. Obamacare. Not enough votes to Debate Health care. There is another vote today. Will they now be able to repeal the Affordable Care act . Matt we are less than half an hour from the start of european trading. In equities, interesting to see how the carmakers do. Let me go through some of the headlines we have been getting out of daimlers ceo. He is talking in a Conference Call with the media and saying that the car industry faces a lot of negative news, there are two main strands, the diesel issue and the collusion allegations on the other. With regards to the collusion allegations, he said he has not bmws ceo Harold Kruger in the past seven days since the bmw ceo denied he colluded with the other two big german carmakers animations technology. Notwould wonder why he did pick up the phone to call kruger. He said he has not spoken to him. He also says he expects planned tax to continue. Any tax that these carmakers had agreed on in the meetings s
This is small and midsized caps. We really struggle for the small and Midsize Companies that face all kinds of questions what their futures are like. They did well today. Cheryl lets get some headlines. We may see jay carney in the press Briefing Room any moment. President obama and House Speaker bone bone spoke on the phone. Were finding out they spoke on the phone about the budget and debt ceiling negotiation. Well go to the washington for latest details. At any moment we expect to see jay carney. David meanwhile there are effects to all of this people are five just nellies because of what happened. Consumer confidence fell to the lowest in nine months amid impact the ssutdown according to Thomson Reuters consumer survey. Cheryl jpmorgan, first ever quarterly loss under jamie dimon. Excluding litigation, onetime cost, jpmorgan made a profit of almost 6 billion. Stock not really performing today. David no. Another big bank, wells fargo said profit rose by 13 in its Third Quarter but i