To see evidence we are going into something that is more of a slowdown. If im growing at 2 percent, im not as worried about that. Manus lukewarm reception. China stocks great the one your prime rate with more of a shrug than a had as the pboc missed its goal of repairing the channel. Warm welcome to the show this tuesday morning. The bloomberg dollar index, i assure you, was at the highest level of 2019. You can see here, this is real yield matters. Is that what is driving the dollar . We will find out from our guest in just a moment. Mr. Trump calls the fed her and this lack of vision. Trade wars anonymous, that is what im tagging the last 24 hours. Fast and furious cuts from the fed. I thought we would go for a stock. The 10year yield. 1. 59 . Goldman says it is overdone and oversold. Rbc says you could see a retreat to 1. 72 . There is something that of noticed. The threemonth call to put ratio is pretty darn expensive in the etf world. That could be a contrarian sentiment. Not ofte
Im Francine Lacqua here in london. These are your markets. You see a little bit of a lift to the markets. 0. 2 . 600 gaining a little bit of optimism that the trade war between the u. S. And. China is not getting worse. There. Worse. Ing there is also a little bit of optimism after we spoke to the boston fed president , Eric Rosengren. Conte, thecting mr. Prime minister of italy, to address the senate later on. Coming up, our exclusive conversation with bostons fed president , Eric Rosengren. We will hear a lot more from him about the inverted yield curve. Lets get to the bloomberg first word news. Leader,kongs embattled carrie lam, is trying to end over two months of protests during new dialogue. The protest began over opposition to a controversial extradition legislation. They grew to a wider antigovernment movement. We will start immediately a platform for dialogue with people from all walks of life. This is something that we want to do in a very sincere and humble manner. I and my
Resident negotiators with no deal odds rising. There timing is a hint may be a willingness to talk. Another round of earnings reports sends signals about the Global Economy. Xiao me is facing headwinds on a number of Macro Economic fronts. We are seeing weakening. Rosalind Federal Reserve chairman jay powell speaks at jackson hole. We are at a sort of equilibrium right now and i would be happy to leave rates here. We have to be careful not to ease too much when we do not have significant problems. Lower rates will stimulate our economy somewhat. I dont see this as the end of a rate cutting cycle. I think we are where we need to be. Rosalind it is all straight best. N Bloomberg Rosalind hello and welcome. I am rosalind chin. This is bloomberg best. Your weekly review of the most news and Business Analysis around the world. Lets start with a day by day ns look at the top headlines. On monday, markets responded positively to news that seems to imply an easing of u. S. China trade tensions
It has taken the bureau ten years of careful planning and preparation to make this census successful, but there is still much more work to be done. The census begins in january of 2020 in remote alaska and then in march everywhere else and between now and then the bureau has to finalize its communications campaign, conduct Robust Community outreach, finish hiring trusted local staff and perform final testing for dozens of critical i. T. Systems. As outlined in our constitution, the purpose of the census is to count every person in the country, but given the chaos and the confusion and the administration has generated as a result to include an untested citizenship question, the bureau has significant work to do to restore public trust in the census and to ensure that the Response Rates do not decline as a result. We need to make sure that everyone is able to respond to the census though the new online form or in whatever way they can including people without good internet access. People
Position and as you know, without a fallback language or some appropriately established safe harbor, until a new reference rate can be used significant legal problems and challenges are likely to occur. So with this in mind, as libras scheduled end nears and so far and so far is a secured overnight Financing Rate apparently will take its place, tell us, chairman, what can we do what can be done to accommodate the numerous contacts that do not have fallback provisions . Thank you, mr. Scott. You said it very well. This is a i think there are 300 trillionplus in contracts referencing libor in five different currencies the manipulation was revealed really almost a decade ago, and i think the financial conduct authority, which supervisors the libor banks has said its an important day as the fed chair testifies in front of the House Financial Services committee. Im Carl Quintanilla with deer ra bow is a here got some record highs here the chair has discussed several things, facebook, libra,