Media companies to detect mass shooters before they strike. One of the gunmen allegedly released a manifesto online. Ellenk with alan with pao. The hong kong chief executive calls the city unsafe and unstable. What is next for demonstrations, as well as the market . We will discuss. U. S. Stocks plunging the most in 2019 after china escalated the trade war with the United States, sending u. S. Stocks down to the biggest drop this year, sparking a rally in global bonds. 3. 5 theq down nearly tech sector hit particularly hard, leading the way in losses. Just look at some of the big names today. Investors are starting to grasp the potential for a longlasting twolict between the Worlds Largest economies. Joining us from new york to discuss, luke kawa. Where and why did tech feel the most pain . That it is kind of not investors werent ready for this to be a long, drawn out process, they thought things wouldnt get worse this quickly. Explain why helps we have been able to turn on a dime. I t
This is not a bad thing. No, this is not the wrong thing to do. , but it isying that important to lower the rates to he alsoe growth mark says President Trump has toned down his rhetoric against mexicans. Were killed by afghan and International Coalition forces in afghanistan in the first half of this year than by the taliban and other militants, thats according to a new report from the united nations. Insurgents often hide amongst civilians. The report says one in three casualties was caused by Ground Combat and if it i roadside bombs. A fifth the by roadside bombs. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 1 00 a. M. In hong kong. Im shery ahn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Knee deep in earning
No surprise. That risk on rally. It felt like oil helped in some ways to turn the market around, too. You had a sloppy 10 year auction and reporting from bloomberg that said saudi arabia is hey,ng its buddies, saying we need some help. David the u. S. Will report jobless claims for the past week. At 1 00, the u. S. Treasury will auction 19 billion 19 million in 30 year bonds. Cbs and yelp will report quarterly earnings. We are joined by luke kawa and Michael Mckee taylor and Michael Mckee. Lets start with that china data. As you know, exports actually went up. Theiris another line on on the imports which shows they are negative, but better off than it had been. Michael the numbers are a bit of an anomaly because we did see in june president put additional tariffs on. Economists are expecting this to turn around because of the threat of new terror of new tariffs. Bloomberg had a very interesting story yesterday that said warehouses in the u. S. Would fall. Not chart where you put anythi
Consumer, which continues to be driving the rally. I think you heard this from ceos last week. Im curious to see if we get more earnings this week. Ise you said, even if there a little bit of week this, the fed will bail things out. Atoline we are looking also what is happening in terms of thirdquarter revenue. 3. 9 5 billion. O 3. 84 billion, in the middle of that range. We are starting to digest this as a bellwether to have the chip industry is performing. Scarlet up 3. 3 . Optimism. , upng the day up about 0. 8 1. 6 today. You wonder what this means for the rest of the chip sector. You heard this from ams overnight, they raised their guidance and said asian demand was not being is impacted as thought. One of the biggest suppliers are huawei, apple, samsung. They were noted a bit of a recovery in the chipmaking second. Nearterm concerns. Fiveyear longerterm recovery for the chip sector. Caroline shares holding a after hours, too. What are you watching . Apple, im looking at which rea
Global growth softening, and specifically having caution because of trade concerns. We will talk with the ceo of dow in this halfhour, Jim Fitterling. Alix also looking at other names like 3m, surprisingly reaffirmed its growth organic sales. , sor names coming in weaker when you have Companies Like 3m , that is positive. Boeing is extending cuts, help withthem to their pricing power. Terrible news for airliners, and then all of a sudden better. David exactly. In the meantime, we have an announcement out of the turkish central bank. Mr. Erdogan has his way. They are going to cut the one 19. 75 , downe to from 24 . The turkish lira is coming down on the news, a little under 0. 5 now. Alix that is a 425 basis point cut. The market was expecting 250. This is definitely more aggressive on that side. David the got the message. Alix we are just about an hour away from Mario Draghis press conference. Eurodollar goes nowhere. Crude up by 1 . Basically, wait for the next hour. [laughter] david