Sales and ism manufacturing data hits a decade low. We wait on fiat chryslers numbers. A two border solution . Boris johnson will present his brexit plane to the conservative Party Conference today and the eu with provisions for a timelimited irish backstop. Ireland called the deal a nonstarter. A race to the bottom. Shaking of the brokerage world. Good morning. Matt less than half hour away from the european open. Take a look at what happened yesterday. When that ism number came out, it really disappointed markets. Investors bought up treasuries, pushing the yield down. This is a threeday chart. We have recovered a little bit today. Moves a pretty substantial and you saw that in stocks as well. That negativity likely to carry through to european markets today if you look at the futures. You will see equity Index Futures across europe are down. Dax futures are off 0. 4 . Ftse futures are off more than 0. 5 . I will point out we are seeing gains in u. S. Futures still slight, but at lea
Fed chair jay powell has to strike a fine balance at jackson hole. Fears of recession swirl, but regional fed president s question the need for more cuts. As i look at where the economy is, it is not yet time. Im not yet ready to provide more accommodation to the economy, without seeing an outlook that suggests the economy is getting weaker. Matt a working weekend at the g7. French president Emmanuel Macron tells Boris Johnson a new brexit deal in 30 days is unlikely to happen, and italy has a few more days to cobble together an unlikely coalition. Plus, the perfect storm. Germanys Buddhist Bank bundesbank say it is not time for stimulus even as sentiments hours on the manufacturing sector. Welcome to bloomberg markets, the European Market open. Were looking at futures pointing to gains. The u. S. 10year yield continues to climb. 1. 64 , 1. 65 the next stop, and in terms of European Equity index futures, we see green across the board, on s p futures as well. Upe a look, dax futures. 75
Keep in mind the indices are still where they were about a year ago. Some of the smaller indices, transports where where they were 20 months ago. Were coming back to the upper ranges here. I think this is somewhat normal. Keep in mind, the big guy is going to happen real soon. Interest rates are coming down. The fed will lower rates. We have ten years of history when we get easier money, the market likes it, and i think thats a part of whats going on. As far as chinchina, i think th easy money is a catalyst to make it good news. Even though theres no new news because we have been hearing the same for 15 months. Yes, were going to have china trade talks, boy, the market loves that, but behind that, we are look agent a acte acquiescent fed. The consumer continues to do very well. The jobs report out of adp this morning was very promising. I think we all need to sort of take stock here. Our companies that have struggled very difficult job market to hire people, are they really going to st
John worboys, the black cab rapist who was almost freed from jail, pleads guilty to drugging four more women so he could sexually assault them. Campaigners win a legal challenge over the British Governments decision to allow arms sales to saudi arabia. And prince harry and meghan are to set up their own foundation after breaking away from the charity which they had run with Prince William and kate. Good afternoon. Borisjohnson remains on course to be the next Prime Minister. In the fourth round of voting by conservative mps for a new leader, he topped the ballot with 157 votes. Michael gove came second with 61 votes whilejeremy hunt secured 59 votes. The home secretary, sajid javid, was knocked out in the lunchtime vote, managing just 3a votes. Voting in the next round is now well underway, and the two mps with the highest number of votes will go forward to a run off of the partys 160,000 or so members. Were expecting the final vote of mps at 6 15pm, and we will, of course, be bringing
Lisa booth, kennedy and joey jones, welcome to the Big Weekend Show. The big story tonight. Trump torn apart, the Mainstream Media from the New York Times to abc news, nbc news, and Cbs News Pouncing on the former president s comments at a rally claiming he said there would be a bloodbath if hes not elected. Surprise surprise, his comments completely taken out of context. Here is what he said in full. Let me tell you something to china. If youre listening, president xi, and you and i are friends, but he understands the way i deal, those big monster Car Manufacturing Plants that youre building in mexico right now, and you think youre going to get that, youre going to not hire americans, and you are going to sell the cars to us, no, were going to put a 100 percent tariff on every single car that comes across the line. And youre not going to be able to sell those cars. If i get elected, now, if i dont get elected, it is going to be a bloodbath for the whole thats going to be the least of