But that may jobs report from the government is not good. Its a warning shot to congress. Please, get tax reform done. Im going to backtrack for a moment. The president takes us out of the paris clite deal ande says that that will stop the hemorrhaging of jobs. Well, investors went on a tear with all of this. And all indicators hit record highs late yesterday and look at this. For our followers on radio, listen to this, we will open up again this morning, not much, but maybe 30 or 40 points, a new high, another new high. Here it comes. This is not what youre seeing though in the establishment media. Look at this, states and Major Companies break with trumps decision with exit climate accord. Thats the washington post. Our disgraceful exit from the paris accord, thats the new york times. And the breakfast shows on tv were all about the threat to the planet. Theyve got it wrong. President trump did not say Global Warming is a hoax. He didnt question whether humans are warming the planet
This is Francine Lacqua on bloomberg surveillance. We have a great exclusive interview with Benoit Coeure, the it was the ecb member. The exclusive ecb member. Mark, what does the data look like . Mark we are low today, quite a losing run for the stoxx euro 600. We saw a big selloff in Technology Shares in the u. S. On friday. Sterling, not as big a decline as we saw on friday in the wake of the inconclusive election result on friday, which sent sterling down 2. 5 . At the end of the day, sterling is down by 1. 6 roughly. Investors are looking ahead, mean for shortterm versus longterm volatility . U. K. 10 year field has barely changed today. It fell three basis points on friday. Investors weighing up what the election means, weighing up against data. We had weak consumer data today. The boe this week, wage data. And gold also falling for the first week in five last week, marginally higher. The fed expected to raise rates this week against Political Uncertainty. Thank you, makr. Lets g
Lunch begins right now. Im melissa lee coming to you from miami it is the tech event of the americas with us on the show today forget walking into a bank, this company is completely disrupting the way consumers now get loans, instant loans. The ceo of green sky is with us. Plus our exclusive with the ceo of sprint. Well weigh in on merger speculation with tmobile. And personal final guru suze orman will be along as well. Lets take a look at the markets this hour. The nasdaq continues to be the story today. Right now the techheavy index is down about a full percent doing the worst of all three major averages apple is a big reason why. The biggest, down more than a percent more than the next weakest sfok, united health. The stock getting another downgrade today, the second in a week for unh netflix, microsoft among the big tech laggards on the day ge investors making more than 3. 5 today this, of course, after Ceo Jeff Immelt announced he will be stepping down after 16 years at the helm
We will carry that live for you as well. Im Brian Sullivan power lunch kicking off right now. And welcome to power lunch. Im kayla tausche. At this hour stocks are mixed Holding Steady off the lows of the session. The nasdaq and s p 500 both on pace for their second straight losing week. The s p 500 hovering just about at that break even level retail names taking a hit following the amazon deal news and the dow turning positive up by about eight points. It would be high fer it werent for walmarts drag of 25 points, down 4. 5 . Energy the best performing sector chevron, all leading the way today. Michelle carusocabrera is down in miami with the president s big announcement hey there, kayla, yes im in Little Havana where a large concentration of cuban exiles trump and that is why President Trump is coming here to announce his new cuba policy trying to make positive on a campaign process he made he believes cubanamericans in miami were crucial to delivering florida to him we are waiting t
Im Francine Lacqua in london. We have a lot to get through today. We have quite a lot of news. Mark carney and Philip Hammond, and we will get on to brexit. First, let me show you your markets. A lot of the movement we saw in the last hour reports to what we heard from the chancellor and the boe governor. I would suggest it is really what is happening in the u. K. That many to look at. 675. Can see the pound, 1. 2 when it says market matrix, it is basically the difference between the two year gilt yield and the 30 year gilt yield. That curve is kind of flat. The u. S. Dollar, pretty much unchanged at 1197. The two year u. S. Yield, 1. 36. Lets get straight to the bloomberg first word news. Fourter barclays and former executives have been charged with conspiracy to commit fraud. The u. K. Fraud office said john varley and roger jenkins, and oth faced charges, along with the bank. Barclays says it is closed considering his position in relation to the allegations. U. K. , a 47yearold man