Tuscany. Off, somewhere outside toledo. So Francine Lacqua joins us. That is not toledo, spain. Outside toledo, ohio somewhere. I want to get to the data in a moment, with markets moving. Futures 21. I would say this has really this is really jump circuit by the french pmi numbers. Why was this a surprise . Francine i was reading the breakdown. The sharp slowdown is basically driven by services. It shows that the escape from recession wont be flailing like some economists thought. Guess it is partly seasonal i would also point to the fact that infections are rising quite significantly, especially in france, germany, and other countries. Leaders are saying they dont want to go back into lockdown, especially when you look at these pretty terrible numbers in terms of many factoring pmi, but also services pmi. It might also be difficult not to preimpose measures if the number of people getting infected does rise. So it will be a complicated quarter going into the winter months. Tom a massi
Jackson hole goes virtual. Jerome powell gives an update on the central Bank Framework review. We hear from bank of england governor Andrew Bailey and ecb philip lane. No more lockdowns here. Italy joined france and spain and rolling out another nationwide shutdown. Despite rising cases in all three countries. Global infections past 24 million. The eu trade chief phil hogan quit after growing criticism that he broke my wrist rules by going to a golf dinner. Just under an hour away from the start of cash equity trading in europe as hurricane laura makes landfall in cameron, louisiana. See european futures swinging back and forth between gains and losses. Right now, dax futures up about 1 10 of 1 . The futures doing a lot of nothing. A bit of a stall after global stocks really had an alltime high again yesterday. I want to bring you some breaking news on wpp. The second quarter, organic sales at the advertising behemoth down 15. 1 . This sales hit was something that investors were focuse
While ago. A flat yuan on the session. Lets have a quick look at whats going on in the United States. A whipsaw of a session. S p 500 down once again. We were higher a moment ago. Down about half a percent. Chairman powell speaking at the jackson hole symposium. The 10year, not a lot of movement. There was some movement in soybeans. We had a big drop only got this china headlines to the effect that china is retaliating for u. S. Tariffs. Publishable soybeans now about three quarters of a percent lower. Crude went down we got those headlines that exporting crude will be more expensive for exporters. We are still down about 1. 9 on wti. Lets get back to fed chairman powells speech in jackson hole. Joining us is matt. I make point to President Trumps tweets for thanking the fed for doing a big nothing and saying it is unclear who the u. S. s bigger enemy is, Jerome Powell or chairman xi. Very strange tweet. Atmagine thats a topic jackson hole people are talking about. The president s infl
Well, you could have been anything that you wanted to. And i can tell. The way you do the things you do. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning, nice to see you. Im lauren simonetti. Cheryl lets take a look at how your money is moving this wednesday morning after yesterdays 100 plus point loss on the dow. We are up right now, 168. No news on the trade front. Investors seem to like that right now. S p up 21 and a quarter, nasdaq up 68 and a quarter. Lauren quiet could be good. Lets check on the yield on the 10 year treasury as we await jay powell speaking on friday. 1. 58 . Cheryl oil right now as you can see, it is up about nine cents. Well get an update on supply today. Right now, gold is down by 7. Lauren stocks in asia largely in the green this morning. The nikkei in japan down a quarter of 1 , but the kospi up a quarter of 1 . Cheryl no new news on the u. S. China trade war. In europe, investors saying goodbye to italian stocks. Youve got gr
U. S. President donald trump delivers a speech heavy on pomp and pageantry while light on political messaging. Together, we are part of one of the greatest stories ever told. The story of america. Nejra good morning and welcome to bloomberg daybreak europe. 6 00 in london and we are waiting for the u. S. Jobs report. Ahead of that, weve seen the 10 year yield it. To bond markets open after the celebrations. We got to 194 and our study at 1. 95. Futures come up. 1 on u. S. Equity futures. Week, we hit records on the s p 500, nasdaq, and dow. The dollar has been treading water the past few days. Euro, it is continuing the uptrend since the beginning of june and all the action has been in the european bond markets. The tenure bund yield dropping briefly below the ecbs deposit rate beyond 40. The action in btps has surprised the market in terms of the powerful rally. Weve also seen greeces 10year hit record lows. Gold, there we are above 1400 an ounce. That is a point of discussion and pay