Responsibly. Welcome to surveillance. I am may originated in london. Betterthanexpected jobs data. We have u. S. Stock and bond cash market closed today for labor day. If you are watching in the u. S. , happy labor day. The nasdaq at a record against the s p 500, of course, as well as a record, what blistering momentum we have seen so far this year. It is sustainable is it sustainable . We will discuss that with our guest this hour. In terms of the bloomberg dollar index, a weekly drop in a month. You see a little bit of weakness in oil, but it is heading for a weaker gain. Toois edging higher, not much momentum on this friday, but Global Equities poised to cap their best week in a month at the end of this week. The first wordo news, we have got breaking news, euro area june services pmi coming at 48. 3, so we did get the german pmi coming in better than expected. It is contractionary territory. Europe, betterthanexpected, but still in retraction mary territory. We have also learned th
He wants to keep pushing for pension reform, controversial in france. Brexit negotiators appear to be homing in on a broad agreement despite talks this week ending a day earlier than planned. Officials told us the two teams are beginning to near a socalled landing zone that could form the basis of a deal. The two sides will regroup in london next week. Majorowledge meter sticking points to remain. A Turkish Court has opened a trial to two aides of mohammed Selman Mohammed bin salman. Other saudi nationals are being tried. Prosecutors are seeking life in prison for the defendants, who have all left turkey. Areas across the u. S. Are tightening rules as virus cases continue to accelerate. Texas is making face masks compulsory. It is reversal of governor greg abbotts long opposing the move. Warns that theci virus may be mutating, making it easier for pathogens to spread. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in mo
Pension reform, which is controversial and france. Tomorrow is Super Saturday in england. Restaurants, hotels and hairdressers will finally good to reopen three and a half months after the start of the coronavirus lockdown. The Prime Minister is urging people to act responsibly and warning that the u. K. s not out of the woods yet. And in hong kong, police have charged a 24yearold man for inciting and committing terrorist acts, the first charges under the new National Security law there. He was accused of violating the National Security law as he drove his motorcycle, which had on it the slogan, reveille revolution in hong kong. Beening maxwell has charged with helping Jeffrey Epstein sexually abuse girls. The federal indictment comes after Jeffrey Epsteins arrest. Maxwell was his close associate for years, but she has long denied involvement in his sexual offenses. U. S. Prosecutors say she helped him identify and groom his victims. Her lawyer declined to comment on the charges. Globa
Slums, as concerns grow about washington may punish Hong Kongbased banks. The u. K. Chancellor unveils the governments plan to pull the economy out of its deepest slump in centuries. Boris johnson says the u. K. Is ready to leave the e. U. Without a trade deal. Manus the line from the vice chair, clarida is that there is more we can do, more Forward Guidance. Nehra. Orning, nejra good morning. If we look at markets, we were seeing some gains in asia, we china. E to see them in we saw some green on the screen for u. S. Futures after the index closed lower yesterday. Now those gains have been given up. Seeing in negative print for european futures, theyll. Interestingly, i made the riskoff sentiment in equities, the 10 year yield is higher. The dollar is absolutely steady. Gold getting a lift after the fed comments as well. Getting very close to 1800 an ounce, study in todays session. The u. S. Bids farewell to the world health organization. The white house has submitted a letter that st
U. S. Commerce Department Suspends regulations allowing special treatment to hong kong. Boris johnson will channel fdr in a midlands speech, touting a new deal. He is expected to push Infrastructure Spending and hold off on balancing the books until recovery is certain. 6 00 a. M. Int gone london. The narrative i think from two very powerful local points, the health organization, the worst is yet to come and extraordinary uncertainty coming down the pipe. Which market is incorrectly priced . U. S. Equities or the bond market . You like a little bit of belly in the bond curve, dont you . Tell the truth. Nejra i absolutely do. We are seeing ourselves are all the time and ask our guests this. With all the Central Bank Stimulus out there, its sort of makes sense that you have equities and bonds gaining in tandem. Data track did some research and investors absolutely split down the middle on whether we see gains or losses of 10 for the second half. There is a lot of cash sitting on the side