Patriot Missile System from radiant. But as a we have from raytheon. Wonder how much trouble i will be in if i keep using the pound. Equity markets being patient ahead of the federal reserve. All the major averages unchanged. Flat forll it, mostly the day as we await the 2 00 p. M. Decision. It is all about the bond market. Take a look at the threemonth 10 year, 20 Straight Days of inversion. But because we have a list of yields on the long and, instead of 20 basis points, we are now only about 12 basis points on the threemonth 10 year. You had trump treating to mario draghi about not weakening the to mario draghi about not weakening the euro. Guy we will wait to see what f the central bank low signal, will it be a willingness to cut rates, maybe not today, maybe the next few days . Mas,ing us is charles du chief economist at ts lombard. What do things are chance is the fed comes out in signals that the market is right, we need to lower significantly and get on board with this idea. A
And rh raising guidance. The next test for the tech ipo market today. As we said, oil prices are the one to watch after two oil tankers were the targets of a reported attack. The navy says it is aware of the incident and is assisting the two ships. The exact circumstances are unclear, but it could ratchet up tensions between iran and the united states. Jim, 20 of Global Consumption goes through these are straits. That area could get much hotter. Second, how little we actually oil is up a little bit. Remember, it was down 170 yesterday. I had the privilege of interviewing the dean of the the founder of pioneer. He said we will have a flare up in that area. And its not going to matter. I said when. He goes now. We are pumping so much oil. Do i take it off my screen what happens there . He said yeah. I said thats not possible. He said we are 13 million. We are going to 17 million. Anybody who needs oil, we are now the swing producer. Here we are. Maybe oil should be up more than it was do
Physical assets, and the trading behind the hottest commodities with the smartest voices in the business. First, we kick it off with spot on, our take on the big story of the week. We want to take a look at tariffs and aluminum premiums. Molson coors is among the companies asking the u. S. Government to investigate the way aluminum premiums are set. The premium should reflect transportation and handling cost and is up 78 since 2018. Raising costs for these companies. Earlier i spoke to the senior director of Global Packaging at molson coors, and asked about the problem with premium pricing. We cannot pierce the veil here, so to speak. We are paying tens of millions of dollars, seeing others throughout the aluminum supply chain are getting those gains. If you look at can sheets, we buy cans for our beer cans. Can sheet is made up of 90 of the aluminum used for can sheet should not carry a tariff. That is because you have 70 of an aluminum can is recycled content. Section 232 excludes re
Im alix steel. Welcome to bloomberg commodities edge, 30 minutes focused on the companies, physical assets, and the trading behind the hottest commodities with the smartest voices in the business. First, we kick it off with spot on, our take on the big story of the week. Today, we want to take a look at tariffs and aluminum premiums. Molson coors is among the companies asking the u. S. Government to investigate the way aluminum premiums are set. The premium should reflect transportation and handling cost and is up 78 since 2018. Raising costs for these companies. Earlier, i spoke to the senior director of Global Packaging at molson coors, and asked about the problem with premium pricing. We cannot pierce the veil here, so to speak. We are paying tens of millions of dollars, seeing others throughout the aluminum supply chain are getting those gains. If you look at can sheets, we buy cans for our beer cans. Can sheet is made up of 90 of the aluminum used for can sheet should not carry a
On the fed Holding Interest rates until at least december. Sec approves trade products tied to ether, opening the door for a spot etf, and we are live at the g7 finance meeting in italy where ukraines allies are wrestling over a deal to use frozen russian assets to support kyiv. We will be speaking to a secretarygeneral later this hour. Lets check in on these markets, global stocks at bonds up for weekly declines. The good news on the data front, bad news for the markets team is a back with u. S. Activity data. Composite pmi, services, and manufacturing strengthening the most, composite and about two years. That led to a selloff on wall street. European futures, a losses of point five of 1 . Consumer confidence picking up for a second consecutive month in the u. K. Losses across the ftse 100. S p futures looking to modest gains after losses of yesterday. Nvidia was the bright spot yesterday across the u. S. Equity space with gains around 9 . Lets have a look cross asset. You did see a