Questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bottom. Thats kind of where we are right now. Has Monetary Policy been so well anchored. Have globalization and Technology Made raising prizes difficult . Has the economy evolved in ways the models simply havent been incorporated . And
President trump talks down a military response. Ab inbev is said to be looking for a valuation half what it originally sought rate asian unit as we worked delays its ipo until at least october. The case against Boris Johnsons brexit plan. The u. K. Prime ministers suspension of Parliament Comes under scrutiny in the Supreme Court starting today. Good morning, everybody. Less than a halfhour until the start of the European Equity trading day. This is the picture on european futures. We just came down a little bit in the expectations for the start of the trading day as far as the london and the german markets are concerned. The French Market looking more resilient. Weakness coming through in the Asian Session. Geopolitical tension, of course, in the aftermath of the weekend. Lets have a look at the gmm and show you where we are. Down 1. 7 on chinese markets. Hong kong markets also leading the fall. This is where the weaknesses is coming through. Some numbers be expectations from singapor
Joining us for the entire hour is dan nathan, founder of risk reversal advisers. Welcome back to you. Sara. So theres something youre looking at about the s p 3000 level and fed meetings if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points Interest Rates the first cut in ten years and the stock market was above 3,000. And and it wasnt until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s p has really paused again at the same level, about 3,000. Weve got lots to discuss with dan, but lets drill down on the big stories were watching today bob pisani is tracking the big reversal leslie picker has details. Mike santoli has a special market dashboard ahead of fedexs earnings which hit after the bell and well have for you here on closing bell. A big day in oil. Oil dropped right after the open on a reuters story that saudis oil output would be full
Disperse the crowds. Global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Is 1 00 p. M. In new york. I am vonnie quinn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories. Attacks disrupted five percent of the world oil production. We will talk to the opec secretary general on how the organization might respond. Wall street has been in pay slump since the financial crisis. We will tell you who has had the sharpest pay decline. Retail in an hour an era of delayed exit. We will talk to the cofounder birch box. First, kailey leinz is with us. We are halfway into the trading day. We are getting a little redder as we go through the day. Three major averages are near to the low of the sessions. The dow, the s p 500, and the nasdaq are off play for tense of vonnie this is bloomberg a percent or more. This is geop
Strong considering the fact you have a 3. 7 Unemployment Rate wage growth well contained, that raises the possibility that we can take Unemployment Rate well under 3 1 2 , before we run into a serious problem, with pricey inflation labor market may be tight but not overheating in a sense that is poses a threat cheryl big show this morning, Fox Business Network dagen to price stability maria okay, all right you are not worried about all of mcdowell, moodys capitol john this you think the economy keeps growing. I think it will keeps is here and analyst. Growing however that ism manufacturing report contained lowest reading on good morning, gd to be manufacturing employment sings 2016 keep an eye on that. Here. Joining the conversation americans for tax reform president and founder grover no. What is happening with manufacturing is interesting because jobs are changing in manufacturing. And so there are jobs out there, bemployers having difficult time finding skilled tenth, robotics artif