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
Pete said, better to be late and right then open up early and have the market start mismatched. David pretty good for journalism, too. Taylor it keeps us employed. Lets take a look at the markets. It has been a wild week. To comeready for alix back because i still need to recover from this. We are finally getting a bit of a lift with equity markets. Sort of recovering after a day of relief yesterday as well. 1. 50 percentow yesterday, recovering to 1. 55 . Year briefly hit negative on the 10 year at a record. At eurodollar. Not only is this a Dollar Strength story, this is a Euro Weakness to 1079. We are weaker on euro to 1. 1079. We are weaker on euro. David that looks pretty good to me. Taylor lets get a bloomberg first take. We are joined by bloombergs rachel evans and Brooke Sutherland. I just want to recap what a week this has been in the markets. Take a look. David and i were talking about the 10 year and 30 year bond yields, down 25 basis points alone for the week. Rachel, youve
Look at europe. Those numbers are even stronger. You want to see this thats what i was thinking. Wow is that because of our deal here we dont like crises crisis averted. Yeah. Only adding another 300 crisis kicked down the road. Right it gets interesting when you think about the timing of when the next will be treasury yields at 2. 055. Hes like the cnbc app. Youre like a human version of the cnbc app. Joe just recited it before the show began like rain man i decided since you you may or may not know thank you. I cant sleep. Im like cramer, up at 2 00, answering people on twitter. Talking to people. Trying to help at 2 00 in the morning youre doing this no cramer is. Cramer at 3 45 is. I know. Yeah. Its decision day in the uk. The conservative party suspected to name a new Prime Minister today at about 6 45 a. M. Eastern time well bring you that decision as it happens former london mayor Boris Johnson is seen as the clear favorite theresa mays successor will take over tomorrow afternoo
Before the open this morning along with twitter overnight in asia, you will see what was happening there the nikkei ended down by almost half a percentage point. Hang seng was down by 0. 7 shanghai in china, you did see stocks higher. Up by a quarter percentage point. In europe, the three major averages had all been in the green. The dax up by 0. 3 the cac up by 0. 4 the ftse up by more than that. Italy and spain stocks there weaker spain down by 0. 7 in the treasury market, again with the gdp number coming up later this morning at 8 30 the tenyear yielding 2. 069 everything that happened with the ecb yesterday what that means for the fed, well talk about all that coming up in a bit. On the squawk planner, we have first look at gdp in the Second Quarter thats on tap. Forecasters expecting an increase of 1. 8 after a surge of 3. 1 in the First Quarter on the calendar we will hear from twitter, mcdonalds before the opening bell next week it gets crazy. It is the busiest week of earnings
The president s that tweeted today about the rate cut decision. Do you think the latest one is over all of the economic success. For the success. Baltimore, baltimore. Lets face it this kind of irruption in these battles and the President Trumps time in the white house. A month from now we will not be talking about that. I think we are getting to continue to see some pretty good news the conversation about baltimore is also about the economy of baltimore and the fact that that city has not done well. And if President Trump wants to continue to this. He should point to the fact that liberal democratic policies have hurt them and cap those cities from being healthy communities. I think everything evolves back into to the same issue. Here comes lets make america strong and prosperous. When he ran for president. The word racist and racism has gotten so diluted to the point that its crazy but on the other side its definitely overshadowing everything. He is not the ceo of Trump Organization