Markets, the commodities index up 1. 1 . Another rocky day. We got off to a remarkable start, momentum on the lead start lead side in the u. K. Reasons to be agitated and then with this rally. Scarlet it was really confusing by the markets were making of Janet Yellens today. It really caps on what we saw, the moment that hearst each was released to the press we saw the dow moves right at 12 30 but then it recovered some of its games and it picked up a little bit of downside into the close. Nonetheless a stark reversal from what we saw from bank stocks on friday when they got totally pummeled. Part of the reason indexes were holding up to do with oil at its highest level since july of 2015 , helping only oil and natural gas guys, especially transocean and halliburton, at its highest level in a year. These oil services got only wrecked. It of course makes sense that they would rally is oil did. Scarlet looking at currencies, investors on friday sent the japanese currency to its biggest r
Indication of where german investors are. We also have that inflation figure in the u. K. That has more to do with the pound slumped than any kind of real inflation. Tom absolutely. Then you focus back on japanese yen trying to get to the 99 level. S, isntantiabenomic it . Francine i would argue that it is that a lot of dollar weakness. Taylor british Prime Minister theresa may sent president fusion paying xi jinping a letter. China has told the u. K. To reach a decision as soon as possible. Repelledt troops have a government offensive near the city of aleppo. Minister saysse talks are closer to defuse fighting. Yemen killedthern 15 people. The Saudi Coalition has been striking civilian areas. The attorney general of pennsylvania has been convicted in a perjury and obstruction case. She was accused of leaking grand jury secrets to embarrass a rival prosecutor. The pennsylvania governor has urged her to resign. At the summer olympics, high drama on the track. A desperate bid to win the
Francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. This is a pretty punchy move because we have a new central bank governor. I do not know whether you will have a rupee board that it is extending gains. It will be interesting to see the global disinflation and deflation. This will be a back story at the imf meetings coming up today. Francine this is my repeat chart. It is going to be one of the stories we will be following very closely. This is the date date chart for the rupee. 6. 475, gainingt 0. 5 . More on that rate cut but lets get to the bloomberg first word news. Taylor theresa may wants to change the relationship between the government and londons Financial Services industry. According to senior officials see will just she will refuse to give priority to banks after the u. K. Leaves the European Union. The have dismissed demands for an interim deal. Things have gone from bad to worse in u. S. Russia relations. The Obama Adminis
The courts to congress. This was not the healthcare that was promised to americans. Health care should be a right guaranteed to all. Nikole after dozens of attempts, republicans resurrected legislation to repeal the law they dub obamacare, the bill as amended is past. Nikole while lawmakers also chipped away at portions of it in a massive budget bill, and may use it as a talking point in 2016. From a political perspective, obamacare has been the gift that keeps on giving for republicans. Whenever theyve run on it aggressively, they tend to do fairly well. Nikole putting democrats on defense. You cant go in and tell 12 Million People, who have insurance because of obamacare, were taking that away. You cant tell people, say, with cancer, who have gotten insurance because of obamacare, that they no longer have insurance. Nikole so, while the president ial hopefuls may play up the issue on the trail, obamacare has cooled a little bit as an issue. Nikole Kaiser Family foundation ceo drew al
Rating to junk. The highest Interest Rates in nine years and a recession. There is a corruption involving petrobras, the state oil company. No more secondclass citizen status for apple tv. The settop box has taken a backseat to the iphone. Tom im buying one. Tim cook has unveiled a major upgrade. We believe the future of television is apps. In fact, this transition has already begun. We are spending more and more time on our computers and mobile devices, enjoying great tv content through apps, such as itunes and netflix and hulu. And bloombergtv, of course. There is also a bigger i cut design ipad design for business customers. Tom im buying one. [laughter] they dont like the iran deal, but they are not bound by the deadline because president obama has not given them details of side agreements. New York Governor Andrew Cuomo is prepared to support raising the states minimum wage to 15 per hour. He will make the announcement today during an appearance with Vice President joe biden. The