Well. Guy thats interesting. Interesting about the u. S. Consumer. Tells us a lot about where we are right now. European stocks are higher. Volumes arent exactly great right now, but the trade narrative is helping. We may get an effective rate cut out of the chinese overnight. Pay attention to that one. Looks like the huawei extension is likely to go through as well. All of that helping lift stocks up, but it is unlike volume. Yields moving as well, moving higher. Bond prices are coming down. Big focus on germany on the fiscal side. We will talk about that in just a moment. That is a narrative moving markets at the moment. Brent crude up by over 1 . A bunch of reasons for that. Weve had an attack in saudi arabia, a drone attack. Also, the trump tariff talk helps out, may be giving brent a bit of an uplift. The Global Economy obviously a significant factor. Vonnie sticking with markets, we are joined by ash alankar, Janus Hendersons global head of asset allocation, live from denver. Wel
What is happening with Deutsche Bank. Stocks really, havent strayed too far from the flatline today. We initially rose, then started to fade a little bit. The stoxx 600 down now only 2 10 of 1 . Deutsche bank initially rallied around 5 this morning. This afternoon has really completely turned around. The stock is now trading down by nearly 6 . This was not the reaction, i suspect, that those in Deutsche Bank were really looking for today. This is not been a huge vote of confidence in the Restructuring Plan Deutsche Bank has put out. However, more of a vote of confidence in the new greek government. ,reek bonds continue to rally falling by another six basis points. Thats get back to that big story on what is happening within the banking sector. Tsche bank glow very Deutsche Bank delivering its biggest turnaround effort yet. It will exit its equities business and take a restructuring charge of 7. 4 billion euros. 3 billion of it will be in the second quarter. Here to discuss all of this
Michelle carusocabrera. Stocks are lower but steady. The dow managed to hit record intra day highs earlier columbus day is today. J. G. E. , the worst annual performance in years what investors should do with this the big announcement tesla is down 2 after they said they are derailing the announcement of the new semi truck until December Tyler mathisen is here here is what is happening now. General motors taking a bigger step towards selfdriving cars, buying a sensortech firm called strobe no price tab mentioned marvel drops a planned venture with northrop drum mondmonds. This comes after they attacked the company for potential ties with the defense contractor. Apple looking into why some of its iphone 8 batteries are swelling maybe they need antiinflammatoriries. Brian . Tyler, thank you very much greetings from the janus advisory conference. We have had low Interest Rates for a better part of a decade. A lot of people may have never invested rates are expected to go higher. How do yo
Forecast. The fed will publish its Monetary Policy report to congress. Lawmakers will have the weekend to go over the report for Janet Yellens testimony next week. Are going to move oil prices. David lets get an update and months making headlines. Hamburg, its another day of clashes between protesters and police as the g20 summit gets underway. Protestersization were hit with Water Cannons. President trump will meet with Vladimir Putin. The leaders of the u. S. , japan, and south korea keep pressure on china over north korea. Discussion about responding to the missile launch. President trump has signaled his frustration to rein in north korea. Computers in into u. S. Power plants. The chief suspect is russia. Current u. S. Officials say one of the plants targeted was the Wolf Creek Nuclear power plant in kansas. They could disrupt the power supply. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. Global leaders
Declined and is running below 2 . The forecast link which hasnt changed. Inflation is expected to remain somewhat below 2 within the near term, but it will, according to the statement, stabilize around the 2 objective over the medium term. He continues to strengthen in the labor markets, but june joby john gains, it has been stronger. Basically, this leaves investors with what they were thinking, a Balance Sheets move in september and a great move, if it occurs, push off until perhaps december. Tom certainly some reaction in the market with the vix showing it bounced down under nine. The essence of the market is great. Chicago, is the quiet of the market tangible and real or is it a deceptive quiet . Think it is deceptive. One of the important things is you saw the capitulation for but september is ideal. They admit they like to see the Balance Sheet move. Said, we got a lot of policy uncertainty that is not being price to markets. It is amazing to me how much market ignore the noise f