Flat that really does obscure a lot of drama up at least 2 s that has been pretty dramatic. Also why the nasdaq has been down so a lot of those profits are coming out of there. The hang seng up by 1 3 4 mentioning those tariffs that china will be taking off those goods. We have more on that front in a moment also an American Chamber of commercesaut u. S. Chamber services have been getting hurt and many of them are moving away more quickly than anticipated redirecting businesses there in the meantime, lets look at what has been happening. For the most part, green arrows. The ftse is up the dax up about. 75 . And cac is up. The trezy market and yields, they have firmed up. The 30year trading almost 2. 2 . 10year at 1. 714 . Twoyear note at 1. 67 breaking deal news, Hong Kong Exchange proposing a 36. 6 billion cash and stock offer for the London Stock Exchange saying it approached the lse with a bid last year, they agreed to buy refinative in a deal peloton says it plans to price shares b
Main drivers for todays action. Coming up, sara eisen will talk exclusively to boston fed president eric rosen gren. These will be his quiet moments before going into a decision joining us for the hour is jim lacamp, Senior Vice President of Wealth Management at uvs i feel like when you look at this market there is a Little Something for everybody. You can find a reason to be bullish, bearish, we are all awaiting the feds decision what do you make of todays action and ahead of the fed decision. We have seasonality coming up, too, late july to late october is usually our most volatile time period in the market risks are symmetrical right now. We have upside, corporations are doing fairly well if you break it down to individual stocks and companies and a few sectors, theyre doing extremely well, and we have a tenyear treasury yield that is lower than the yield on the s p 500 so rates are very friendly, particularly if we get a rate cut, we think half a point based on what the fed governo
Struck in september 2017. Nearly 250 survivors and victims of a london tower fire are suing American Companies that make products used at the residential complex. The suit claims healthy Building Materials helped spread the flames at the granville towers, turning it into a flaming coffin for the people who died. Whirlpool, and an insulation maker. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, and 1 00 in Hong Kong Unit im vonnie quinn. Welcome to Bloomberg Markets. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Trump threatens china again. The president saying he could impose tariffs of 25 or higher on 300 billion on chinese goods if president xi does not meet with him at the g20. Regul
That is where we begin well head down to d. C. , ylan mui with the latest on the vote that could occur tonight reporter brian, were watching for Senate Majority leader Mitch Mcconnell to take the floor. The latest guidance is that the final vote will come about 9 00 p. M. Its already clear that republicans have the votes to pass this bill the only republican holdout will be bob corker of tennessee he put out a statement just recently saying he was disappointed, it was a tough smo vote, but he could not cast aside his fiscal concerns at the end of the day whats unclear still is what the senators will be voting on we still havent seen the revised version of the tax bill. There have been a few details that have been leaking out among them are the inclusion of the alternative minimum tax, both for individuals and for corporations full expensing will also be in place for five years but instead of expiring immediately, it will gradually be phased out. Now, if the bill does pass the senate to
Do before, brian hosted that one as well. We talked, and i was shocked and i dont know how you feel about this on a friday with all the potential risks over the weekend, vix closed effectively unchanged, closed up three quarters of a percent or not i would have said if you told me all this was going to happen today, the dow had at least 500 points and the vix north of 15 i understand why you would want to buy protection. By the way, theres a lot of scary stuff that the market doesnt seem to think so. The most important thing i would focus on there was some massive underlying weakness in the big market leaders this week we saw it in the semiconductors, in some of the faang stocks. Thats something that makes a lot of sense wednesday, when the semiconductor was down and the s p flat because of the rotation in financials and industrials and retail that was troubling to me its fantastic that s p could be flat, but there is some underlying weakness here. Yeah. I mean one other quick point, o