To run another step closer to being able to build an atomic bomb. Ran closer to being able to build an atomic bomb. The turkish lira falls after the Prime Minister fires a central bank governor. Bloomberg has learned erdogan told lawmakers they need to get behind his delete that high rates causes inflation. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im renita young. This is bloomberg. It is 1 00 p. M. In new york, 6 00 p. M. In london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Radical surgery for Deutsche Bank. A massive revamp of the german bank, closing its equity business, cutting a fifth of its workforce and scrapping its dividend. Sees theays he still need for a lot of things to go right. Powell in the line of fire. President trump k
Joining us for the hour to break down the market action, keith bliss. Good afternoon to you. Thank you very much, wilf really good to be with you snapshot of today, why are we selling off . Number one, you have low volumes coming into july you usually have the spike in june on the weekly volumes were seeing that today. Listen, you got to say the news is really washing over the markets as it relates to boeing. The downgrade we had at apple, people are getting nervous about what fed chairman powell may say and may not do at the end of the month. I think thats why youre seeing a little selloff in combination with that is we did get overbought in the dow a couple weeks ago are traders talking about the fed and whether they may not cut at the end of the month . Youre certainly seeing that in the discussions that you have with traders and investors alike. Youre not seeing it reflected in the fed funds futures yet still an overwhelming majority of people think were going to get a 25basis poin
A packed arena in orlando, florida, touting the strength of the u. S. Economy. Our economy is the envy of the world, perhaps the greatest economy weve had in the history of our country. Maria more from his big rally last night, weve got a lot coming up on that, stay with us on that, cvs and viacomm, look t what the deal can mean. Instagram post thats causing a lot of buzz in sports today, mornings with maria begins right now. Maria would you make a knew before you knew the Federal Reserves intention, thats what the investment is doing this morning, waiting and watching, key Interest Rate decision at 2 00 p. M. Eastern today, yesterday President Trump commented on head of central bank jay powell indicating a potential demotion. Watch this. Lets see what he does. I can tell you that droghi is the eu, they have a much different stance that our folks do. As you know, he did something today that was very dramatic and frankly helped that part of the world, we will see what happens, they will
Welcome to daybreak australia. We are counting down to asias major market opens. Kathleen good evening from new york. The top stories this hour,apples iphone sales disappoint overshadowing record Quarterly Services revenue. Amazon gaining after the bell as its Sales Outlook beats the street. Haidi u. S. Stocks fall as the bond market slide deepens ahead of fridays jobs report. The bank of england signaling a long period of higher rates. Kathleen and donald trump pleads not guilty to trying to obstruct the 2020 president ial election. A quick check on wall street. The stock market had some movement, waiting mostly for apple and amazon results after the bell. The big story, the treasury bond market, the 10year note fell about. 75 points. 4. 17 , the highest since november. The yield touching 4. 1 . Adp employment numbers yesterday suggesting maybe the u. S. Payrolls tomorrow, friday, u. S. , could come and strongerthanexpected at a time when jay powell and his colleagues at the fed are l
Rachel wow. [ applause ] love it. Love it. Its you amazing. That was ann wilson performing as our faith and friends Concert Series continues. Dont go anywhere. She has a full performance coming up at 9 50 a. M. Eastern time. We get a front row seat. Rachel we cannot wait for that. Very well done. We start with a look at the race for the oval office, a brandnew fox news poll sheds light on how voters feel about the remaining president ial can dates. Youre hearing them for the first time. Emadeleine rivera joins us with he detail. There is a lot of tough data for the president. It shows former President Trump with a slight edge over President Biden. Trump leads biden 4947 in a hypothetical general election matchup, that 2 point advantages is within the margin of error. That gap becomes wider in a potential contest between the president and nikki haley with the former South Carolina governor leading biden by 8 points. Hally doesnt do as well in a possible five way race. In this scenario s