Washington says the meeting was constructive. Joe biden is the front runner of the democrats second night of debates. Breaking news out of south korea. We are getting cpi Inflation Numbers missing expectations for the month to month. It is contracting 0. 3 . The second month seen cpi inflation in south korea track in the negatives. In expectation of prices to stay flat, but we are seeing deceleration monthtomonth. Year on year, it is also a miss. 0. 6 tion accelerating instead of the expected 0. 8. Also deceleration from the previous month of june. Year on year growth of 1 acceleration of core cpi year on year. That is a little above expectations, but the numbers that matter, monthtomonth and year on year are missing estimates. Monthtomonth deceleration and deflation for a second consecutive month. We have seen pressure given oil 14 es, brent crude was down on average. This could put pressure on prices. We still have to say, very well below that target of 2 . Lowerven after the ok thei
Region. Where mark mobius is putting his money. In stocks, and by the way, gold. Think about it. If you are not getting anything in the bank at these low rates, it makes sense to have gold in your portfolio. Anna missing out on the everything rally. Boil weakens and iron ore slumps as much as 4 in singapore amid supply concerns. Watch miners at the start of european trade. We are less than half an hour from the start. Welcome to the market open. We are without the u. S. Today, independence today. Lets look at where futures put markets on european trade. Lackluster in comparison to stateside yesterday but we joined in with some of the rally in europe yesterday. Cac futures, ftse futures, dax in the green but not by much. Be aware of low volume. Happens with lowvolume. In the Asian Session on the bloomberg, giving us a picture on the gmm function. Volume pretty low, investors thinking about the record highs we have seen on stocks in the united dates. Also thinking about the b readth of t
That she cannot do it all on her own. Erica i just love cooking on my own, without people telling me how to do it, and what to do. Lemonis . Southern culture will be cooked. Honestly, thats [bleep] up. My name is Marcus Lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning, wondering if we have a job. Were gonna wake up every morning, wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Erica hey, leyton, its erica over at southern culture. How are you . Lemonis in 2012, Erica Barrett launched southern culture artisan foods, a line of allnatural packaged food mixes, based in atlanta, georgia. Erica you and quinn are gonna be working on grits. Original grits, and then we need some truffle and sea salt, as well. Lemonis it had started as a side business, but as word of mouth spread, and the Product Offerin
Arrivedtwitter ahead of trade talks, raising the presence among the american people. Shery later in Bloomberg Technology global link, ibm closely 34 billion purchase of red hat, sealing the worlds secondlargest tech deal ever. Will this help ibm catch up in Cloud Services . We will discuss. First, a quick check of how the markets closed in the u. S. The s p 500 pushing higher. In the last hour or so of trading after fluctuating between gains and losses. We have fang stocks meeting the gains. We saw some declines when it came to the consumer staples. Not to mention material stocks that led the gains. We have the dow unchanged at the toent, falling slightly down 26,783. Investors still bracing for powells testimony to the house tomorrow and the senate on thursday. Lots of Central Bank News this week. Fed minutes on wednesday, ecb minutes on thursday, and Inflation Numbers on thursday. For the time being, we are seeing u. S. Futures unchanged. Investors being cautious at the moment. Lets
Francine welcome to bloomberg surveillance. These are the markets. The stoxx 600 gaining a touch. The u. S. 10 year yields going to around 2 . Deutsche bank after the massive overhaul gained one point 7 . We did have a little news out of the german Industrial Production data. Bit of gaining a little temper on some of these markets. The market is going toward 2 . Coming up, we heard from the associate general chairman, what he had to say about the fed, ecb, and more. Lets get to the bloomberg first word news. The lira swamping after president erdogans decision to replace the countrys central bank chief. The dismissal has fueling concerns over the regulators independence. In a meeting, erdogan reportedly told policymakers to get behind his conviction that higher Interest Rates cause inflation. This morning, greece has a new Prime Minister from the right Democracy Party. The election handed him a mandate to tackle the nations chronic woes. New democracy is set to get a perlman treat major