Secretary talks to cnbc moments ago. Shares of Morgan Stanley are slightly lower, it would appear, ahead of the open. The bank topped revenue estimates by a billion on what was stronger than expected trading revenues and ev price war elon musk cutting the cost of teslas model s for a second time in one week, carl meantime, guys, got to take stock of this selloff here in the premarket, jim general take this morning is that the market is now catching up to what we know has been a problem in europe, and these lockdown restrictions in the uk and france are getting more serious. Dollar strengthening, some believe, because the situation here is at least better than europe on a relative basis. I think were importing their negative ty. I dont think it is going to last you cant make any moves to the positive until about 11 00 when you start seeing their markets peter out. It is one thing, it is very frightening when you read what is going on there. It is obvious it is a second wave it seems mor
The german tenyear 32 basis points. What is that going to do at the end of the day if they rethink that inflation target . David and what does it mean . Peggy collins pointed out the u. S. Is taking a look at the same thing because Central Banks are saying we had this to ,rcent, it is not this 2 it is not working out. Do we have to take a different approach . Phillip morris the latest earnings coming out. It really highlights those that can take this environment and deliver to boost their forecast, and those that just cant and dont have the Pricing Power like netflix. David then you have honeywell somewhere in between. It beat on earningspershare, a little soft on revenue. It does seem to be weathering the storm of trade uncertainty at the moment. Alix in the market, lets look at how that push and pull is playing out. Netflix well off the lows of the session. Eurodollar taking a steep leg lower on the news about that reflation rethink that inflation rethink by the ecb. Money flowing in
That is hurting profits. David they were downing trading but they were expecting to be down in trading. Its all about net Interest Income. It sort of like wells fargo yesterday. More nettually Interest Income than last year that it was below what is expected so they are getting punched a little bit. David we will keep our ought alix we will keep our eyes out especially in that conference call. We are in a tight trading range. The tightest weve been in since nine days over the last week and a half or so. Eurodollar pretty much flat. In the 10of Movement Year as well. Crude up by 8 10 of 1 . I felt like a left and came back and everything was the same. Pretty much steady as she goes. David things will really happen now. Eddie 30 we will get used u. S. Housing starts at 8 30 we will get u. S. Housing starts. Facebook has it second day in congress on his liber proposal before the House Financial Services committee. At 12 30 we will hear from Esther George on the Economic Outlook. After the
12 billion in 30 year bonds. Lets get an update on with making headlines outside the business world. Ma President Trump next there will be no war with north korea. President trump says there will be no war with north korea. Insting oil and gas drilling floridasters republican governor opposed the drilling plan. Hes expected to run for the senate in november. In paris, Armed Robbers made up of millions of dollars in jewels. Three suspects have been arrested. Two others got away. The stolen merchandise could be worth as much as 5. 4 million. Nothing has been recovered so far. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. David time now for our daybreak first take. Bond markets reacting against news out of china. Second, oil is up, inventories are down. A big month for u. S. Trade policy with crucial negotiations on nafta and deadlines for actions on china. Alix joining us now, and hammond and
The city of nice after a truck ran down people celebrating bastille day. Michelle with the latest. Reporter new footage shows the truck that killed 84 people filmed by a freelance journalist. The 28 ton truck with hand grenades plowed through on the french riviera. People jumped into the sea while the semi moved more than a mile on the boardwalk. Police shot and killed the attacker and theres video obtained by the Associated Press that appears to show the moment when it happened. The u. S. State Department Said two americans are among the victims of the attack. Nbc news reports they are 51yearold Sean Copeland and 11yearold from texas. They were on vacation. Two Police Officials tell the ap that identity papers alongside the attackers with 31yearold frenchman of tunisian origin. No known connection to terrorist groups, not yet, at least. Eight months and a day after suicide bombers killed 130 people in paris. Michelle crusoe cabrera. Thank you. For more, the paris bureau chief at the f