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Transcripts For BLOOMBERG Bloomberg 20240704

Tom good morning, this is bloomberg and i am Tom Mackenzie. An Holding Pattern ahead of inflation data. Jb dimon warns the u. S. Economy is not out of the woods adding the fed should wait before cutting Interest Rates and u. K. Data will be watched by the bank of england. It will stickiness move the dial for the boe . Lets check in on markets. After modest losses yesterday futures looking brighter as we lead up to wage data and the data print. Jay powell suggests they are getting closer to a point where they have confidence to cut rates. Will data get them closer today . Or cause fluctuations . European futures with gains after modest losses. Ftse futures are up as we look to the data, markets pricing in a cost cut in august. Back above the 5000 level after modest losses nasdaq pointing higher. Lets look cross asset, keeping our eye on currency. The pound in focus as we look ahead to labor and jobs data out of the u. K. 4. 09 and not a lot of movement so far. The pound at 128. We will

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