Higher. Eurodollar up by 0. 4 . Is the ecb getting worried at this point . 1. 2163. The dollar is broadly lower. The pound just taking out 1. 35. We havent been at these levels since this time last year. What is fascinating here is what is happening with bond markets as well. Weve basically got yields and stocks moving in the same direction. That is something that is pretty interesting now. It certainly points to this reflation trade at the moment, with the catalyst still having legs. Alix the question is how long is that last. Lets dig into some of the top stories guy was minting. Germany extending its partial lockdown. Sweden shutting some schools as well. Joining us with more is sam fazeli, Bloomberg Intelligence senior pharmaceutical analyst. We have seen more targeted lockdowns and extensions. Is any of that working now in europe . Sam yes, they are. Funny that we have countries going at different paces which is normal because they have different issues with regards to the number
Question is, did she somehow tip her husband into making this transaction . Reporter the senator disclosed that she answered some basic questions by Law Enforcement about her husbands stock transactions and provided additional documents to show she has no involvement in them. Richard bluhm has done very well financially thanks to his wifes very successful political career and that dates back all the way to the 1970s when she was the mayor of San Francisco. But that doesnt mean that anything illegal was done or corrupt was done. Reporter mike sando low teaches media and politics at the university of california in washington, he says for 40 years, reporters have vetted the couple to see if there was any corruption. They never found anything. Reporter your the stocks in question included california Biotech Company that pioneers cancer therapies. Feinsteins husband sold millions of dollars of its stock twice before the market crashed, it looked suspicious but if he kept his money in the st
People might say it has been the best performance currency, thailand. And the bank of thailand. We have an exclusive interview. Kathleen markets have opened. Aussie yields are rising. Little change to the upside after the session on wall street that saw u. S. Stocks pare gains after a fresh eye. The offshore yuan. This check in on the yen morning, holding onto a threeto decline after a wild start to 20, holding onto a threeday decline after a wild start to 2020. New york crude staying below 60 barrel, falling as much as 5. 7 overnight. Oil supplies remain intact. Haidi . Haidi President Trump backed away from a war on iran but said they will be tough, new sanctions until they change their ways. Statesrump the united will meet liam pose additionally additional, punishing sanctions that will remain until iran changes its behavior. , by all assessments, it seems like that reprisal from create noesigned to additional fatalities. Is this a step down for them to theeast put an end to situati
Markets are struggling for direction. Stocks in the u. S. Are looking at record highs in markets around the world are trying to figure out how to put that against the fact the chinese economy is slowing. Andpean stocks getting 0. 2 you can see the 10 year yield at 1. 74. A good day to talk policy. Coming up, we speak to the Incoming European Commission her team of commissioners faces a confirmation vote in parliament. Lets its rate to new york with first word news. A worldbeating brexit trade deal. Thats what british carmakers want the next government to deliver. The society of Motor Manufacturers and traders say the key requirements include a friction this border, tariff free trade, and regulatory alignment. They spent more than 5 Million Pounds preparing for the exit from the eu. Of Chinese Industrial enterprise falling for the Third Straight month as Producer Prices continue falling and domestic demand slows. Early indicators suggesting the economy slowed for a seventh straight mont
President trump says talks with china have been good and xi jinping wants to do something. Alibaba beat the highest revenue estimates defying the slowdown with a june sales bonanza and robust demand. Lets get you a quick check of how markets closed that there is a session in the u. S. A very volatile session at 10 trading day. We saw the s p 500 fluctuating 12least 1 in the past sessions. It did manage to end the session higher by. 25 , this coming as we saw quite strong earnings reports from walmart helping investor sentiment. That also being helped by the fact that we got some strong economic data. U. S. Retail sales jumping the most in four months for a fifth consecutive session, consecutive months of gains. Still, there was not enough for the treasury rally to subside. Take a look at treasuries because that rally resumed. We saw the 30year yield now breaking below 2 for the First Time Ever. The 10year yield also at one point falling below 1. 5 , now at a threeyear low. Treasuries f