John, a little lift in bonds. Offer those ecb headlines largely expected. Jonathan a left in equity futures as well. Not sure it is related to that decision. 3 . Ive about maybe the success rate later will be defined by one currency pair, eurodollar right now at session highs. Tom euro strength getting up near the 120 level. We have lots to talk about, we welcome all of you worldwide, across this nation with a number of themes, particularly in the markets. We are going to get to equities and derivatives in a moment. On the nasdaq, weve got to go into this. The response on twitter yesterday was on fire. The premier league. Theyve all done well as the mlb struggles towards a bubble. The interest is, Team Surveillance is riveted by the opening of the premier league season. Waythan she is making her on her decision on who her team is. Lisa, are you getting enough suggestions . Are you happy with what you are deciding . Lisa i getting a lot of suggestions. I am leaning toward a team. I am t
Back to the office. Jonathan ferro, Lisa Abramowicz and tom keene. Justews flow this morning in this hour is extraordinary. We are going to take time with david coston on the equity markets. Just importantly, lagarde at the bottom of the hour. Ecbthan we will hear from president Christine Lagarde. The struggle continues to get a clean read on the u. S. Economy. Tom it is two worlds. Its about finance and Morgan Stanley and great. What its really about is we really lose perspective on the tangible hardship thats out there. Lisa we are going to get a sense of that with the churn in the unemployment numbers. We are expecting a decline in total filings. Are we seeing a significant number of increases in areas hit harder by the virus . Futures 22. 28. 82 the center tendency. Yesterday we spoke with Michael Holland with decades of experience. Is with Goldman Sachs. Just as importantly, what not to own. What do i not want to own right now . You want to avoid are companies that have a shorter
Outperformance of small caps for a sixth straight day, so that is sort of the good news, but it is all a waitandsee game as we head into the ecb. Underperformance happening with btps in europe. Twitter earnings breaking as well. Revenue coming in stronger than estimated at it hundred 7. 6 million. 876are shifting at. Illion has a look at the monitor bullet daily active users, they came in at 166 million. That did beat estimates. They did add 14 million average monthly daily active users since the previous quarter. Seeing more activity. Now it is about monetizing that activity. Twitter is up by about 10 in premarket. More coming out later on in the show. We do want to give you a snapshot of all that is moving the market from our team in new york. We are going to begin with the data overnight in europe. Recession,s record plunging into record contraction, shrinking about 3. 8 . The slump adding a lot more urgency for joint physical support and puts more pressure on Christine Lagarde late
Half of next year. Time for todays global exchange. From dubai to frankfurt, to brussels to london, to Rio De Janeiro and princeton, new jersey, our bloomberg voices are on the ground with this mornings top stories. In turkey, the lira is gaining against the dollar following a 200 basis point cut. Joining me with more from dubai is paul wallace, bloomberg emerging markets reporter. Is this going to be enough president erdogan . Paul that is a key question. The lira has barely budged despite that 200 basis points cut being more than markets expected. Analysts were expect and about 150 basis points. The lira has had to endure a lot in the last six months. Erdogan has sacked his central bank governor. Since then, the new one has overseen a whopping 1200 basis points of rate cuts. Amazingly, despite all of that, the lira is actually up against the dollar since the end of june. We will have to see what erdogan thinks of this latest move to see whether he is satisfied that it is enough, or w
Thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. So im joined here by olivier now at the peterson institute. Loretta loretta mester. And paul krugman, the economist at City University of new york and columnist for the new york times. Krugman is the guy who makes all journalists nervous because he seems to be more productive than the rest of us and thats kind of frightening given that he does all these other things on the side, but we ask discuss those things later. I wanted to start by asking each of the panelists what they took afwra the away from the conversation we had this morning. I want to start with olivier who makes the observation in the slide you see behind us thats been made about how the wage phillips curve behaves perhaps as one might have expected, but prices arent rising. So the question is what the hell is going on . Okay. So i had prepared a slide in anticipation. I think it has survived the previous three hour