Boris johnsons plan to suspend parliament pits the critical legislature. Fears of no deal rise on the continent. Obviously, the no deal scenario is today the most likely scenario for the u. K. Anna Giuseppe Conte second chance. The democrats and fivestar seek to avoid a snap election. Stocks are trading lower and treasury yields a slight ahead of a final reading of u. S. Gdp today. Dalyting fed a member mary says markets may be talking themselves into a recession. All of these moves will actually get ahead of the data and could become a selffulfilling prophecy, one that actually makes it harder for us to sustain the expansion and achieve our goals. A halfe are less than hour away from the start of european trading. Take a look at gold, touching a new sixyear high today. We have not singled this high since april of 2013. 46 an now trading for 15. Ounce. We see futures down. It could be a risk off session as we see traders run for the safety of the precious metal, the japanese yen, u. S.
Lets check in on your markets and see how things are doing in terms of yields. You can see the u. S. 30 year yield coming down further. 1. 96 . Yield at. 98 . R i feel like i must be seeing something wrong because that would be insane. It is actually 1. 47. Im sorry, italy, thats what got me off track. I thought i was looking at u. S. Treasurys, that would be nuts, dropping 50 basis points in minutes. That is the italian 10 year coming in below 1 . With stocks opening down and turning higher after we had some positive trade comments out of china. Lets get first word news in new york. We begin in italy, where conte will get a mandate to form a new government after the former alliance collapsed in chaos. The new administration will include the fiveStar Movement and the democratic party. Those rivals have little in common other than a desire to avoid an election. Country isa, the looking to extend maturities on over 100 billion of debt. They want to delay repayments to the imf after a col
The u. S. And china agreeing to meet next month. Stocks, as you saw, reacting positively to that were going to talk abdomen goldman shrinking the partner ranks. Interesting story. Up to a dozen executives reportedly negotiating the exit. Is it a sign of a broader shift for this wall street bank . And shares of palo alto, they are up, as you can see the ceo joins us exclusively in a few minutes. Theyre up ahead of the bell, of course, this morning lets start with the markets this morning a chance for jim and i to get back on the same page as to where things stand we also got fairly positive adp numbers. 195,000 private sector jobs added in august. That was above the estimate. The consumer continues to be quite strong in this economy i heard you talking to joe about, you know, were the only ones that talk recession and we got a ten year above 1. 5 again. I thought when i saw its like the bonds also rise i think what weve seen is this endless yield going down versus, say, where the one ye
Good morning and welcome back to bloomberg daybreak europe. I am kriti gupta in london. Tension simmer in the israelhamas war as President Bidens visit fails to win over arab leaders. The area signaling full backing when it comes to israel. The u. K. Prime minister begins his middle east war today as well. A selloff is underway in asian equities. Turmoil in the middle east combined with hawkish comments from the new york fed chief pressuring sentiment across the board. We will dive into the details. Earnings season is underway. Tesla reporting on earnings miss as elon musk dials back growth expectations. On the other hand, netflix soaring after hours in the u. S. Session following a pretty big boost to. Subscriber numbers we will hit the major european numbers as well throughout the hour. Theres a lot of crosscurrents to really kind of work our way throughout. I want to start with the broader picture and talk about futures trading. Risk sentiment is sour over in asia. Its not exactly g