Aaiia cks, but reading is that a threeyear low. At a the reading is fiveyear low. Valuations climbing. Similar in 2017 into the alltime highs of january. Were looking at another low. Gent at a threeyear the last time we saw that the vergence, it is the bulls that caught up. Maybe gains will be in the lead towards the end of the year. Im looking at shares for one company up ahead of her earnings. Unless looking for this Company Analysts looking for this company to be a bellwether. The stock gets 80 of sales from customers, manufacturing and construction markets. As you look at a chart in my terminal, industrials have been lagging for the Third Straight quarter. This is percent change of performance relative to the s p 500. Expecting a tepid quarter. Analysts saying risks are growing, margin concerns pricing , and 29 Earnings Growth deceleration, so all eyes on the industrials tomorrow to see how this plays out. , speaking of industrials copper futures are up more than 1. 5 percent amid
Been on the year. A lot of traders saying this could be a good time to buy vol given some of the structural issues. Keeping a my on emerging markets, the msci keeping an eye on emerging markets, the msci has swung back and forth, now up about 0. 4 . Guy the big story out of europe over the last five days, actually as well out of the United States, is that stocks have gone nowhere in a hurry. The stoxx 600 is just up 0. 3 for the week. Today a little less quiet on the volume front. This is the average volume at highs. Today is a mess of expiring of options. The blue bars here are the average volume you see throughout the day during the European Equity market session. The white lines are the actual volume today. As you can see come a big spike around 10 00 when those expirys came through. When we get the close and a little while, we will see significantly higher volume. We are getting big volume today, but very little sense of direction from european equities. Let me show you the numbers
On china comments. The 10 year yield at 1. 51 . Then we have the ceo comments and outlooks twowa and well, onto weigh, as china tariffs. We will get into details in a moment. Lets get more insight following the latest statement on trade from Chinas Ministry of commerce. It reads in part, china has ample means for retaliation, but thinks the questions that should be discussed now is about removing new tariffs to prevent escalation of the trade war. Joining us from washington to dissect this and more is bloombergs shawn donnan. Avery cleverly worded statement. Does it indicate any kind of . Hange in tone from china shawn this repeats what weve heard in recent months with china in recent months from china. We really dont want to escalate , and we want this trade war to goes away to go away. Donald trump seems to latch onto china calling for calm in these trade wars. We heard that again from him this morning, and a fox radio interview this morning, pointing to a call later today between th
2 in the back half of the year. [indiscernible] slow and steady david slow and steady, but there other numbers we will come back to. Now lets go to Jenny Leonard in washington. I have lost track of where we are with the talks. Steven mnuchin saying there back on. The chinese saying they will not retaliate. Are we moving forward or backwards . Jenny it is hard to keep up or anyone, even for us. Heording to the president , said there will be a phone call happening. Whatsoeverdetail will participate in the phone call and if this phone call will move a planned meeting forward that is supposed to happen in september. Whatsoever will participate in the phone that meeting, according to secretary mnuchin, is still on track. We still have no details at all whether the chinese will come here, when that will happen. It is confusing where we are at right now. The chinese saying overnight they will not retaliate. I think it was over interpreted, even by the president. He focused a lot on the positi
Reporters outside the white get licenses to sell to wall way house, the president said we auwei. Ha are either going to make a great deal or not make a great deal at all. China is trying to make a deal with me. It is up to me. Some briefing has gone on at the white house or he has gonorrhea it is not up to them. From shanghai, but he is clearly mark the president criticized upset today. David does the white house want to deal . Tweets, heidents china for what he says is its unwillingness to buy american agricultural products. Warned that Sleepy Joe Biden general nominated like get elected and he will be be the pentagon secondincommand is denying tougher if he gets really did. Allegations of Sexual Misconduct as he appears before the Senate Committee considering his if you get three elected. Nomination. A Senior Army Officer has do the chinese want a deal . Accused air force general john jenny we will see that if it whiten of subjecting her to a series of unwanted actual gets down to th