Formal impeachment proceedings with House Speaker nancy pelosi saying he has violated his oath of office. President struck a hard line at the United Nations with comments about china and iran. Investors are weighing another change of tone. Boris johnson refuses to quit as u. K. s top judges attack his suspension of parliament. They say his advice to the queen was unlawful. Stock market,he take a look at this board where you can see the major market averages down across the board. It was donald trump speaking at the u. N. And bashing china. News came out that pelosi was ready to say, ok, we are going ahead with impeachment proceedings. You can see the s p 500 losing a full point. What hit the nasdaq so hard was the fact that donald trump was beating up on big tech companies. Interesting that we are seeing a little bit of an upturn for the stock futures. The s p 500. This hit bonds. Another thing that hit bonds, a big move down in yields, you can see quite a rally of seven basis points a
Happen sooner than anyone thinks. Progress on a deal with japan. A limited agreement signed after washington withdrew the threat of imminent auto tariffs. The threat of impeachment hangs over the president. He releases the ukraine transcript which you thought had been cleared by the mueller report. Be hearing from plenty of big names from the Bloomberg Global Business Forum including michael corbat, steve schwarzman, and colombian president. Lets get a check of how markets are trading at the moment. We are seeing futures gaining. 3 after they had fallen towards that 56 a barrel level. We heard from saudi arabia that they are going to be ahead of schedule. The drone attacks on saudi arabia and facilities taking out 5 of global supply. We are seeing futures unchanged at the moment after the s p 500 ,ained ground on this session halting three sessions of declines. We saw optimism over trade deals. President trump being more positive over eight potential a potential trade deal with china,
The stoxx 600 are flat. The focus is on trade. I would like to point out eurodollar is the one we are watch out we are watching out for after some pretty concerning news out of germany. That was the employment figures. Coming up on bloomberg surveillance, we will talk about the outlook for u. K. Assets. What happens next in the bond market. Lets get to the bloomberg first word news. Viviana Prime Minister Boris Johnson denies he broke the journalist groped a journalist 20 years ago. The year overshadowing Conservatives Party ifservative parties brexit gets delayed he will not resign. I have undertaken to lead the party at a difficult time. I am going to continue to do that. Have a responsibility to do that. I think it is our job to get brexit done on october 31 but to move the country on. Viviana donald trump is calling for the impeachment inquiry to be questioned. He demands he meets the anonymous whistleblower. U. S. House Speaker Nancy Pelosi telling cbs news she is asking President
Constructive. It needs funds to help reduce a crippling total debt of 130 billion. The streets of hong kong, demonstrators clashing with police for a 16th consecutive weekend. Shery lets get you started with a check of the markets. Seeing u. S. Futures gaining ground,. 5 . This after the s p 500 lost ground on friday. We have seen stocks higher throughout the session. The we got reports that chinese delegation in the u. S. Had canceled their visit to u. S. Farms. That led markets lower. We had trade sensitive stocks, like consumer stocks and tech, leading the declines. The nasdaq fell the most in over two weeks. After the close, we saw local media reports in china that the cancellation of those trips to u. S. Farms had nothing to do with trade negotiations. Perhaps risk on sentiment being felt across the market. Treasuries rallied throughout the week. 10 year yields now at the moment at 172 level. Lets see how things are shaping up in asia. Japan markets are closed on holiday, but the
Steve mnuchin says the u. S. And china have made significant progress ahead of new trade talks next month. Iran will also be eight on the agenda. Be on the agenda. And the alibaba cofounder steps down. Kathleen lets take a quick look at how u. S. Stocks ended the session. Lets go write down because the Dow Jones Industrial average up about. 1 . Health care stocks helped boost it. Closed minutely lower. It got within one point 6 of its alltime high. Despite the trade war a lot of people are still buying stocks. Nasdaq down about. 2 . Stock futures pointing higher. Moodys got fords credit rating. We will hear more on that is that progresses. Now i want to get right to sophie to find out how things are shaping up for asian markets. Sophie early in the session and looks like rick sentiment may be stabilizing. Stocks could be heading for a mixed start. Bonds under pressure tracking the overnight moves we saw in treasury. Kiwi 10 year. We are seeing that move lower with yields moving for bas