With the headlines. Julie we have one item of breaking news, construction spending. Month over month, it is a disappointment. It looks like it is more than made up for based on the revision from the prior month, an increase of 1. 8 , up from 0. 8 . Getsee that the may bar bigger as the june bar is smallre. A strange situation with the isn manufacturing. The numbers coming out early. We saw manufacturing in the u. S. Cooling in july from the highest level in five months. The reading is down from 53. 5 the prior month to 50 2. 7. Guys. Matt thanks very much for that. I want to check out how markets are reacting to that news. Stocks are trading lower. Take a look at the indexes. The nasdaq is up a little bit. The s p is unchanged. The dow is down. We did have an up month at the end of the week last week. Erik i want to point everybody to what is happening in the oil market. Freefalleen oil in a over the past few days. Brent is really pacing declines. This is more of an international bench
It is just 6 00 a. M. In london. Guy Commodity Prices and what has been happening to the rba. Dropping a critical line. It is focused on commodity adjustment and how it is feeding back into the aussie. Anna just a few months ago, the rba talked about needing further adjustments. The currency is down by 35 . Now, we are seeing a little bit of adjusting. Guy this is the aussie dollar versus the dollar. You can see a nice little spike happening here. A little bit of context is required. Let me show you some different time frames. This is the one year. To give you a sense of the declined we have been seeing. And the fiveyear. Anna it is a hurdle for any kind of further rate cuts. Lets talk about this in a little bit more detail. The bank of australia has cut the key interest rates. Bloomberg juliet is standing by with an update in hong kong. Tell us the latest. Juliet a nice surprise today from rba. Rates are on hold. Where carefully watching the language in the upcoming statements. Bloomb
Benjamin netanyahu no matter how good your intelligence is, no one can credibly make such a claim. How can you block what you do not know . Iran can keep the deal or cheat on the deal. Either way, it gives a clear path to iran to get the bomb today or hundreds of moms tomorrow. Olivia you can see the president how speech live on Bloomberg Television at 11 20 Kentucky Republican voters will not start picking their president ial nominee for nearly six months. But the field of candidates is already being split into front runners and alsorans. Rick perry and six other candidates have been pushed into an earlier event. Donald trump will be front and center when the cameras come on. He warmed up for the debate on bloombergs with all due respect by slamming his closest rival, jeb bush. Donald trump when bush raises several hundred Million Dollars and then the money is sitting in there and he puts his best friend in charge or somebody close to him, and they never talk, if anybody believes they