But nothing to write home about. A five day basis is down circa 3 . The stoxx 600 is higher today. We are getting a little bit of a positive bounce, but it is only less than 0. 5 . Considering what weve seen throughout the week, german yields are reasonably flat at the moment. I think its been at the front of the u. S. Curve this week we seen the biggest shift as the market has gone from pricing the possibility of a cut in october 2 the certainty of a cut in october a cut in october to the certainty of a cut in october. Boris johnson under clear pressure now to figure out a way of meeting a deal work. Parliament seems to be getting on his side, but maybe the eu less so. The cable rate trading at one point. 5 vonnie in the u. S. Trading at 1. 2295. Vonnie in the u. S. , the payrolls report has something to do with it. We will talk with erik nielsen about that in just a moment. At 1. 52 . Ar yield spread, weve stopped looking at it above 11 107s points, and well below on the yen. Total n
Continue moving toward more accommodative policy. As Richard Clara suggested, there is no evidence of an overheating labor market and that gives the fed the option to cut. Have seen some slowing in the economy. You are projecting slowing in the growth in the last quarter. We talked to larry kudlow. He said it is going to get better. This is what he said. I think the economy is in a turning zone and i think we have had a soft two quarters, but i think now we will be moving into a much Stronger Economic story. David that is happy to hear. Is there every is there any evidence of that . Carl i think we are turning, but i think we may be looking for a tougher slog over the next couple of quarters. We have been conditioned to two plus percent gdp growth. What we will see in q3 and q4 is a lot of engines of Economic Growth shutting down, with the exception of consumers. With consumers muddling through the pace of spending that would be consistent with what we are seeing on the income side of
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
I am Francine Lacqua here. First to the markets because there is a lot going on. We are covering brexit. It is not only about brexit. There is a lot going on in the wider market. I am looking at oil. The implication of the Saudi Arabia Oil market, because the king will meet the minister for oil and petroleum. We will see what impact that has on their policy going forward. 6. 92 for oil. You can see the index unchanged. Chiefiller speaks to the executive at the herbert motor show. About brexiteaking with lord adonis soon. Said the Prime Minister plans to defy legislation requiring him to ask eu for brexit delay. That comes after the resignation why she couldnt stay on. I supported Boris Johnson and his approach and i was right to do that. The consequences now, one senior. Olleagues expelled this made my position untenable. Francine joining us now is andrew adonis. Roles in thes labor government. Lord adonis, thank you for coming on. We are back to two years ago where there is a multiple
Time now for the global exchange, where we bring you todays market moving news from around the world. Joining us in singapore is enda caringlynd hong kong, from hong kong, karen leigh from westminster, anna edwards. Trade talks with the u. S. Are expected to resume in early october. Enda curran has more. Da obviously a signal here that talks are going to go ahead. Weve been waiting for some kind of breakthrough, and now weve had a statement from the Commerce Ministry that there was a telephone call that included china vice premier liue h china vice permit or china vice premier liu he. Theres a little less committal on the chinese side, but there is still a healthy dose of skepticism required. A lot of economists say that these two sides have a long way to go before they reach any kind of meaningful deal. Duember, more tariffs are in october and december. We had some commentary from the global times today outlining that both sides are in a deadlock, and it is in both of their interests