About the selloff in treasuries. One of the underperformers in germany 50 basis points. We made it. David we will get a range of u. S. Economic data at 8 30 a. M. Eastern time, including core pce and Second Quarter gdp. The Kansas City Fed president at 9 45 this morning. Will speake chairman 15 minutes later at a conference in london. At 1 00 this afternoon, the u. S. Treasury will sell off 28 billion in 10 year notes. Emma President Donald Trump kicked up his campaign to cut tax rates for corporations and individuals, casting the proposal as an economic jolt for hiring across the country. The Corporate Tax rate at 20 . Framework, we will dramatically cut the business tax rates of that American Companies and American Workers can beat our foreign competitors and start winning again. Businesses would be allowed to immediately break up their Capital Spending for five years. European unions chief brexit negotiator says the pie minister speech in florence is causing a new dynamic in our neg
As how we trade. The dollar, flatter on the day. Less than 82 basis points. This is what the banks will hate. The vix under 10. A tough quarter for them. The morningfor brief. We are going to get weekly u. S. U. S. Priceims and index data. Trump is set to sign an order he says will promote Health Care Choice and competition. At 1 00, the u. S. Treasury will auction 12 billion in 30 year bonds. Emma little progress has been made in talks with the uks with the u. K. Much is deadlock over how the u. K. Will pay for the right to leave. Davis is urging leaders to take a step forward and move talks to trade. The death toll is rising from the wildfires devastating california. At least 23 people are dead. 180 are injured. Hundreds are reported missing. The fire has destroyed at least 3500 homes and businesses. Get congress to repeal obamacare, so he is going after it himself. He will sign an executive order that the white house says will promote competition. It will likely allow people to band
We are waiting for macys earnings to go across, and we look at you updated when they go across. Talking about a weaker dollar. Done 5 10 of a percent. Over all, you are looking at a nikkei that got wiped out. Really confused traders and market participants. Yen shooting up after that. I am taking a look at the contents, q 10s, flatter. Copper is an interesting options move. 10,000 copper by december of next year, started trading at 4. 5 million in on my trade. Jonathan i just assumed you have a bloomberg inside your head and you saw the earnings coming through. Coal, positive 0. 1 . And totalter sales coming and up 4. 32 billion. Estimate was 4. 3 billion. Inline if you are looking at sales. Here is the picture. Down 7 10 of a percent. A lot of retail coming through. Macys as well. Keep it right here. David earningspershare must a little bit. . 72, couldsed to be part of the reason ecb red number. That part of the reason you that part of the reason you might see red up there. First wor
Ahead of fridays g20 summit. At 10 00 we get factory and goods orders for the of may. This afternoon the fed will reap the fomc minutes of last weeks meeting. President trump will be heading to europe for the g20 summit. The question is of may. This afternoon the fed will reap the fomc whether they are going to spend the time talking about geopolitics or trade. Heres kevin cirilli. We thought it was going to be all about trade. It doesnt look so much right now. It looks like its going to be all about north korea. The administration sending clear singles they are hoping to put pressure on north korea. As a result of their testing of an Intercontinental Ballistic Missile on the fourth of july. We should note that secretary of state Rex Tillerson has echoed u. N. Ambassador nikki haley who has called for there to be a laterl you in meeting this afternoon with the Security Council. I want to pull up a statement from the secretary of state who said in a statement that Global Action is requi
And fight back. The people voted without knowledge of the terms of brexit. As these terms become clear, it is their right to change their mind. Our mission is to persuade them to do so. Jon guy johnson joins us now from london. Its a question i was asked this morning. What is he doing . Guy he thinks nobody is making the opposite case. Toys are in extent, he has a point. Theres very little that represents the people who voted remain. His tony blair the right person to be making this argument . Its very easy for Boris Johnson it because of tony blairs history of thinking about taking the u. K. Into the euro. He is an exceptional politician was anays speech incredibly wellcrafted piece of political speech writing. Is he is damaged goods in many peoples minds in the u. K. Jon he has the background to understand issues. The likes of tony blair will not make a difference in this debate. Who is his audience as he comes about the brexit situation and urge an uprising . Guy i think hes hoping