Company ipo in a year, if approved by President Trump. Is this ride hailer. Eeking to shore up cash haidi lets look at how we are setting up for the final trading session of the week in asia. After a pretty lackluster session, we had u. S. Stocks passing some of those parsing some of those losses, still dropping for a second day but finding support after bouncing off the 50 Day Moving Average on the s p. S p futures seeing a little positivity on the u. S. Fridays session, about 0. 2 higher. Tax leading the client is apple, facebook and peppe microsoft are weighing on declines. We saw a Little Movement in treasuries as well. In asia, the nikkei 225 is seeing an upside, 0. 1 when it comes to futures trading in chicago at the moment. Dollar weakness yen strength will be an issue, the. We have the yen appreciated to the strongest level in six months across broad dollar weakness. The u. S. Dollar index falling for a fifth straight session. We are also keeping watch on the dollar and how it
Syria. The move comes days after washington effectively okayed the operation. The u. K. Government pushes ahead with brexit, although the current eu president says there is no chance of a deal this week. Shery later in Bloomberg Technology global link, we will outline the possible rescue plans for wework and what softbank can do to save the struggling unicorn. Lets get you started with a quick check of the markets. U. S. Futures at the moment unchanged after stocks fluctuated between gains and losses throughout the session. The s p 500 was led lower by utilities and materials. The Energy Sector down as wti lost the most rampant about two weeks, 53 a barrel. Investors still trying to figure out what a partial u. S. China trade deal actually means. Acrosslots of anxiety markets. Pretty light trading. We saw about 30 below average volumes when it comes to the 30 day average. We had u. S. Debt markets close away on holiday, so pretty thin trading. The focus this week now switching to earni
On the other side we have some saying 10year yield are going to zero. I dont want to think of a world of zero interest rates. 0 for the u. S. Treasury seems like an excessively pessimistic forecast. We have had the recovery, its coming to an end. If you believe the Business Cycle is coming to an end, that call makes sense. Now the Central Banks are falling into line and cutting rates. When we get this polarization of use, it tend to be close to regime changes. Something is going to give. That is the journey we are on until Something Different happens. Jonathan joining us to discuss is lisa hornsby, gershon distenfeld, and noelle corum. A big call from bob michele. A multiyearr call, looking for the 10 year treasury yield to go to zero. Your thoughts . Noelle that makes sense if you think recession is kind of lumen ooming, but that is not our base case. We are not seeing signs of a recession. We dont expect the fed to be on a fullblown cutting cycle. We are only going to see two this ye
Tremendous reinflation over the next 10 years. On the other side we have some saying 10year yield are going to zero. I dont want to think of a world of zero interest rates. That is where we are heading over the next couple years. 0 for the u. S. Treasury seems like an excessively pessimistic forecast. We have had the recovery, its coming to an end. If you believe the Business Cycle is coming to an end, that call makes sense. Now the Central Banks are falling into line and cutting rates. When we get this polarization of views, it tend to be close to regime changes. I am not saying we will get there right away. Something is going to give. That is the journey we are on until Something Different happens. Jonathan joining us to discuss is lisa hornsby, gershon distenfeld, and noelle corum. It is a big call from bob michele. A multiyearr call, looking for the 10 year treasury yield to go to zero. Your thoughts . Noelle that makes sense if you think that the recession is kind of lumen, but th
As of july 1, the longest Economic Cycle in modern history. You have to pick up the camp, either we are headed toward nearterm recession, or we are in a super cycle. Gershon, which one . Gershon always hard to say in the shortterm. Some of those people calling for lower rates are those that called for a 3 10 year a year ago. This is the only industry where you can be wrong again and again and people still want to know your view. It is really fascinating. The reality is, what europe has taught us is there is no lower bound. In other words, if equities are weak, if the economy is weak, we can go a lot lower, even negative. On the other hand, im not sure we should believe this will be the equilibrium rate of inflation. And inflation will only be 1. 5 over the next 10 years. Rates probably should be higher in the longer run. Jonathan lisa . Lisa it depends on how you interpret bob micheles call. He said rates would go to zero over some period of time, which is probably true. Jonathan a mul