Using technology to save on time. More efficiently. Welcome. Its good to have you with us now it seems like these behind me that beijing wants to avoid ahead of massive celebrations on tuesday china 70 and these clashes on the streets of hong kong dont fit in with the narrative of happy hes full prosperous nation and the people on the streets of hong kong. As to why they dont believe that. Its images like the beijing. Chinese president xi jinping trampled underfoot. Instead mass demonstrations have dominated the countdown to the 70th anniversary of the peoples republic of china and these protesters are no mood to celebrate. With the world watching closely they want to capitalize on the attention and make them and ahead we should be a great day but we really can find a reason to start to bring we feel more sorry and sorrow for what do you have suffered i hope to make our country attention to understand more wides we are going to fight for this this thing is a good one to protest to have
The 70s that wiped 2 3 of the value of equities. That was then. Is it now . It is hard to say but early indications no. Whats remarkable here my friends, as we look at these numbers how tame they are, considering what is going on. If this were to have occurred back in the 70s and the Worlds Biggest Oil producer which saudi arabia was at time, so much of its oil sidelined we would be in deep you know what. So far does not appear to be the case. Price Futures Group Senior Analyst phil flynn at the cme. Phil, it is remarkable, you know . It really is and you really got to credit the u. S. Energy industry, donald trump and his Energy Policies allowing u. S. Energy producers to do what they do best, that is producing energy. It raises concerns when you listen to the democratic president ial candidates and their Energy Policies what a different story this might have been if we had a democratic president right now. It could have done a lot more damage to the u. S. Economy because these are ca
Slumping and Global Growth concerns back in the headlines, as chinas Economic Data comes in weaker. Joining us for the entire hour, final hour of trade is keith bliss, managing partner and ceo of iq capital usa. Keith, welcome thank you very much you and i were just chatting about the fact that you were noting that youre kind of surprised that the stock market isnt down even worse. I think its really resilient and speaks to the trend weve been seeing throughout the last 30 days for sure and ive been a big believer that well continue to trend higher throughout the rest of the year but think of Something Like this that happened 45 years ago, when we did have real supply concerns and the kingdom of saudi arabia was the big player in the market now its much more dispersed we were not a big player. At all. For a variety of reasons i am grateful and pleased at the resilience of the equity market on news like this today. Even some energyimporting nations like china, for example, you didnt see
What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the next tit for tat in the u. S. China trade war. How is the
Down more than 10 , then up, then down. Today, down 16 . A huge again this year. You can make the case it is a parabolic uptrend. We see a beautiful up trend for fromin, basically going 200 all the way to 20,000. 13,000 onely, above reason to think it is going to continue to consolidate, theres to 1600. Gap closer suggesting volatility we are seeing in bitcoin could be to the downside it looks like this could hold. Volatility is once again still ahead bitcoin. The bestant to pull up currencies year to date. I will give you a hand. In honor of canada day, lets talk about the canada dollar. It is two pronged. Up 30 year to date. That helps canada. While supplies are negative around the world, candidates are at plus 45. There is less than one rate hike priced in for the bank of canada. Forward policy rate. N canada watching crude oil prices very closely. Faded evenat it after opec producers announced extensions of cuts into next year. The reason why rent has fallen, extendingding these cu