Headline. I think that is good for american workers. Looking at the wage growth, and you are looking at the unemployment number, which is the bright news here. Remember, janet yellen said in a healthy labor market wage growth is between 3 and 4 . So we are just about there. As long as wages begin to rise towards 3 , they certainly are. And i think the fed is a slamdunk in terms of raising rates in december. This confirms a story that has been permeating the market. The data is Strong Enough and the fed has said they will tighten, therefore december is pretty much in the bag. I think people will rightly interpret that the fed can move. They will go in december. We think two and three times next year. Jonathan joining me around the table and new york is oksana, from j. P. Morgan Asset Management. George, head of american fixedincome strategies. Plus coming to us from edinburgh, luke, Senior Investment manager at aberdeen standard investments. I want to begin with payroll reports and just
Headline. I think that is good for american workers. Looking at the wage growth, and you are looking at the unemployment number, which is the bright news here. Remember, janet yellen said in a healthy labor market wage growth is between 3 and 4 . So we are just about there. As long as wages begin to rise towards 3 , they certainly are. And i think the fed is a slamdunk in terms of raising rates in december. This confirms a story that has been permeating the market. The data is Strong Enough and the fed has said they will tighten, therefore december is pretty much in the bag. I think people will rightly interpret that the fed can move. They will go in december. We think two and three times next year. Jonathan joining me around the table and new york is oksana, from j. P. Morgan Asset Management. George, head of american fixedincome strategies. Plus coming to us from edinburgh, luke, Senior Investment manager at aberdeen standard investments. I want to begin with payroll reports and just
We have quite a lot going on in the markets. We are getting breaking news out of china. Reserves are little bit above estimates, but in mind what what we were expecting. But in line with what we were expecting. Onto your markets. The turkish lira. A Senior Member of the Catalan Party calls for dialogue with spain. Lets get straight to the bloomberg first word news. Heres sebastian salek. Sebastian a senior republican senator has said Donald Trumps reckless threats towards other countries could set the nation on the path to world war iii. President treats it often like a reality show. His support will be critical to the president on tax reform. After a massive rally in barcelona over the weekend, a the catalanr of Administration Calls for dialogue with madrid. The catalan president vowed to press ahead with his independence strike. Angela merkel has a great to an annual cap for migrants into her country. It is the first policy fallout on the recent election. She had previously resisted
The Associated Press today, i had a lot we said hes urging all sides to show restraint when it comes to disputes. A top him iraqi official says qatar can and its diplomatic hostingf it gives up its 2022 world cup. Saudi arabia and the United Arab Emirates cut ties, which they accused of funding terror. Corruption linked to Qatar World Cup running bids the tournament has, not come up with a list of demands by the boycotting countries. Global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. Im Mark Crumpton, this is bloomberg. Julia live from bloomberg World Headquarters in new york time julie chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. Next anduity trading treasury markets are closed on the columbus day holiday. Joe what do miss. Scarlet tensions between the u. S. And turkey take a turn for the worst. Markets stopped issuing visas for its citizens. What led to the abrupt titfortat . University of chicago professor Richard Baylor wins
Im seema mody in for sara eisen. Good to be by your side. I was off for two days, good to be back good to have you. The market off to some declines, 0. 1 we have had highs in volatility sings midseptember, but still low from historical standards. Gains of over 1 last week so yesterdays declines in perspective there. This morning we are pointing higher tenyear treasury note for you, last week finished at 2. 37 , just slipped afraction this week to 2. 35 looking at early trade, i guess well start with asian equities where japan has been on a nice run up 0. 6 closing higher for the day its now higher by 9 so far this year. The japanese nikkei trading at its highest level since june of 2015 a strong day across the board for asia hang seng, shanghai composite and the kospi are all supporting gains ahead of chinas big political event next week, the Party Congress on october 18th early trade in europe, better than expected data out of italy. September was the best month for italys industrial