More. You get crude getting hammered over 1 percent. Bac back toess get be fourth of july recess. Senate republicans promise to get their bill out before the recess. But they only have three weeks done. That European Central bank gets together with officials with the of European Finance greece. S with well getting new York Fed Survey on u. S. Expectations. Healthcare fight will greet lawmakers again as they trickle this week. Capitol Senate Majority leader mitch to find enoughg votes to miser the measure. Trumporning president tweeted, i can be the imagine that congress would leave a beautifulithout new healthcare bill for me to approve and ready to go. Met last year met with a russian woman to provide informationdamaging on hillary clinton. The meeting took place in june 2016 after his father had secured the republican president ial nomination. The fbi and congressional investigating russian interference in the election and whether theres an members of theen Trump Campaign and moscow.
A warm welcome to bloomberg daybreak. I am anna edwards. Lets describe what has been called the night of the long knives in the South African political despair sphere. Dhe devaluation of the ran coming through as president zuma replaces his finance minister. Gordon is out, replaced by somebody with little financial experience. The former finance minister, speaking on the phone to bloomberg in the last few minutes, saying there are a range of characters troubling the treasury. Andion between him and zuma part of the anc. Also saying south africas treasury has a strong team of professionals. We will discuss this through the program. Certainly, the new minister does not seem to have from the cv to have a great deal of experience. Anc, could split. The presidency could be called into question. A fairly popular emerging market destination. Lets come back to the south africa story shortly, but we will check out where we are on various assets in the overnight sessions. The bloomberg dollar in
The markets are rebalancing. Lets see if the traders wind up agreing. Chinese leader is going to maralago in florida. Oining us now is kevin cirelli. Kevin last week he was tweeting it would be a difficult meeting and then he tweets there will be a lot of great things coming out. Here is he headed . Kevin north korea saying if china wont handle north korea then the u. S. Will have to do it alone. Two things, National Security as well as trade policy are the top two items on the agenda for the summit in florida for later this week. Of course President Trump has tough talk for china on the campaign trail saying they were currency manipulators and saying they havent gone that far yet in his administration but did of course last week call for the reviews and executive orders with Foreign Countries to see which countries are taking advantage of the United States, whether or not china makes that list remains to be seen. David kevin, give us the perspective from the president s view, what is
Treaty between the eu and ukraine by a margin of 221. How will u. K. Politicians be up to make their case on brexit . Two big stories ticking around. I like the dimon line on this. Is to too many . We are about to hear from peter pratt as well. I also like this exit story related to what happened in the netherlands. Protest votes or something more significant . That is my question. Hans it is difficult to see whether there is a direct correlation between a process vote in the netherlands and a clear in her outvote in the u. K. One note on the jamie dimon letter, 50 pages. Couldnt he have waited for hours to incorporate the latest fed minutes . I wouldve asked for an extension. Whoever grated the paper, he shouldve asked for a to our extension. Thats whoever graded that paper whoever graded that paper, he shouldve asked for a 24hour extension. I trust the fed on that. I think that data is safe here safe. Maybe he edited. Maybe couldve edited the last minute. You think at his bit for spe
More selloffs in european banks. And we got racked pretty good today. Alix the s p 500 is negative on the year. Saw three of those days in march. That movement of volatility ricky really picking up. We definitely want to take a look at yahoo . On the decline. To chart there that wanted highlight is the s p versus the dow jones transportation average. You have seen the transports really roll over here, off about 5 from their highs of this year. The question is can they draw the s p 500 down with them . Chartske a look at these. Date,oday, year to pretty close to the february lows. The u. S. Market has done a lot better lately. Yields and to your yields very sensitive to policy. Its the same deal with the tenyear bond. You can look at that on the chart. We see this divergence play out where equities are rallying but treasury yields are coming down. What is going to stop the yens rally . The yen climbing past 108. Monday, and hundred 11. Wednesday, when hundred nine. As for the year on th