The stock up close to 100 this week. Is that a squeeze or a fundamental reevaluation . We have seen travel stocks really rising quite sharply this week. Lets take a quick look at the european markets. Theres a bunch of factors i want to focus on, plus a global view of what is going on. You can see what is happening with the chinese currency. 0. 5 ,an stocks up around pretty much matching the gains in the united states. We are watching stimulus pingpong. Italian 10 year, there it is. Some pretty big moves over the last few days. Then weve got what is going on with the chinese currency. China back today from golden week. A huge bid in terms of equities and the currency. Will the pboc squash that one . We will wait and see. Europe focusing on what is happening with the lockdown story and what is happening with the bond markets. Lisa the pandemic ongoing, leaders stepping up to contain the surge in virus cases across the continent. Bloombergs maria tadeo joins us with more. What do we know
Marketmoving news from all around the world. From beijing to london to istanbul and washington. Our bloomberg voices are on the ground with this mornings top stories. Worry going to start now in the middle east. Syria sending Government Troops to the north after u. S. Withdrew forces in the area. Mr. Erdogan is down playing the threat of an escalation. Whats happening in Northern Syria, whats the risk of a clash here . Reporter were hearing that Syrian Forces are teaming up with the kurdish rebels after the u. S. Allies abandoned them. And now theyre moving towards the Northern Syria where Turkish Military operation is taking place. However, turkish president has down played the risk of syrian and Turkish Forces clashing. Saying that the russians are mediating between the two nations. And weve just heard from the Turkish Defense minister. He says y. P. G. Kurdish militants have emptied a prison for isis suspects who then fleed. Now of course this is a very Troubling Development because
Heading towards louisiana. Not pictures we want to see. David and it can really affect oil prices. A lot of facilities are closing, offshore platforms, and it oath course will reflect refineries. Alix we see people taking taking boatspeople down streets. Meanwhile, we have near record highs on u. S. Equities, trying to push higher to get back to those highs for the nasdaq. Euro gaining just a touch versus the dollar. 30 year yields unchanged after yesterdays really violent session, a real increase after a bad option. Crude prices climbing a bit on the storm and geopolitical tension. David it is time now for the mooring brief. Eastern,his morning ford and volkswagen will announce details on their big on electric and on most vehicles. On00 we get u. S. Ppi Autonomous Vehicles. At 11 00 we get u. S. Ppi data. Angela merkel joins Emmanuel Macron in paris. And we get important economic from china, including gdp growth. Now we are joined by rachel evans, who heads bloombergs etf coverage, an
The United States have. Mposed extra sanctions we will be discussing the possibility of further sections on some of the Syrian Military figures and on some of the Russian Military figures who ine been involved coordinating the Syrian Military efforts. Johnson has canceled a planned trip to moscow over the conflict. It russians call the decision to cancel absurd. Egypt, the president is ramping up the fight against terrorism after deadly bombings at two christian churches. ,t least 43 people were killed the Islamic State claimed responsibility. A threemonth state of emergency in a new antiterror unit with sweeping powers. Global news 24 hours a day powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. Live from bloomberg world headquarters, im vonnie quinn. Max im joe weisenthal. U. S. Stocks are trying to hang onto small gains. Joe the question is, whatd you miss . Vonnie investors looking for forward guidance. Livell take the remarks from the university of
The tapering should start sooner rather than later. Thats as long as the economy can withstand it. So really, it was no new information. Exactly. And yet the market was all over the map. We want to get reaction about the market, the fed, the state of the economy, from our special cohost, ken langone will join me, and now attorney general eric holder promising significant reaction related to the financial crisis. Well get his take on eliot spitzer, his once nemesis, leading the polls in new york, the comptroller race. Theres a lot of talk about that with the outspoken ken langone. Ken is such a quiet man. Such a quiet man. The market will look for a lifeline from hewlettpackard. Yeah, were not finished yet. We have earnings tonight after the bell from hpq. The stock has been under pressure today but it is still the top dow stock for the year by a mile. Its up about 80 year to date. Well have the important numbers for you when they hit the tape at 4 00 eastern. All right. First, lets che