The china trade fight is clearly escalated. The president s holding on to a very strong line. Any resolution, it seems to me, pushed down the road. More on that coming up. If you combine the jobs report with the china story, heres how the market opens today. I thought we would be down about 100 points but we are coming back. We are down about 20 points for the dow. That will be 29 minutes from now. Maybe the markets taken the Financial News to mean that the fed can lower rates in the future. 600 points down the last two days, down about nine at the open this morning. The s p down about four, nasdaq down about 44. Tempering the losses. Heres another really big financial story which i dont think gets the right exposure. Interest rates. The tenyear treasury yield all the way down to 1. 88 . Money is pouring into america. Why not . Interest rates in germany today hit a record low. You want interest on a bond, you got to come to america for that and thats exactly whats happening. What a day
Watching us from the united states. These are your markets. We are seeing a bit of a lift to european stocks, actually, not so much. They were lifting, but now they are flat. About 56. 65 after that opec plus meeting. Gold is down a touch. Remember, because it is fourth of july in the u. S. , treasury markets are closed. Coming up, dont miss our coverage of the boston pops fireworks spectacular, it is a bloomberg special and starts at 8 p. M. New york time. So if youre watching from asia or europe, its definitely worth it. Lets get straight to bloomberg first word news. The tanks are ready to go and the fighter jets are set. All part of President Trumps changes to the traditional fourth of July Celebration on the National Mall. The present will speak from the steps of the Lincoln Memorial and critics say he is turning the event into a campaign rally. President trump warned iran against stepping up uranium enrichment. Iran says it will restart the model reactor if europe fails to offer
Wow the official clincher for joe biden and the cases momentum is pointed in the right direction. Then. Every single penny goes to the number one and the only job of the rnc. Electing donald j. Trump. The unexpected hollowing out of a Major Political party. And the infatuation with strong men. Nobody is a better leader than viktor orban. All in starts right now. Good evening from new york. It is Election Night in america. Did you know that . And President Biden just clinched his partys nomination. Joe biden is indeed official. The presumptive nominee. Within just a few minutes of polls closing in georgia, the president secured enough votes to cross the threshold for his partys nomination. It has been apparent since nikki haley dropped her bid that 2024 would be a rematch between donald trump and joe biden. But tonight, that is expected to become all but official when both candidates cross the Delegate Threshold set by their respective parties. For the republican nomination, donald trum
201 boards and facing pockets down elect chavez sharif as Prime Minister for a 2nd time. And thousands of doctors in south korea refused to return to work defying a government deadline. And indeed on says that the beginning knows and guides awareness radio strikes has hit a residential building and the job of the a refugee camp Emergency Services recovered the bodies of at least 7 civilians killed in that attack. They destroyed home is beside a school which houses displaced civilians. These rarely forces have intensified their results on rough on in stopping casa, but these 15 palestinians were killed in an astro icon, a residential building of the night. 90 people have been killed in gauze in the past 24 hours. Felix know our reports and a warning that some of the images in his report on the stepping when nighttime falls in gaza, is really forces intensify bombings on the besieged. Strip of this full Story Building lies in ruins. And also im neighborhood east of drop off. Its the afte
That is another issue that is being looked at and that is where the idea for a public option comes in. If you think there is agreement on some of these things, that is a bigger thing to be an agreement on. Host the podcast is what the health. You can find it on twitter. Itannouncer washington journa continues. Host karen petrou is joining us for a conversation on the economy, a member of the consulting firm, federal financial analytics, the author of engine of inequality. She also penned bidennomics is an insult to those living paycheck to paycheck. The Biden Administration embracing that term on the campaign trail. So define that term right now as you see it. Guest that was not my headline. I do not think it is an insult, i think it is a mistake. Bidenomics is what the president wants to portray where the middle class is doing better. And i think that we do have a better economy than we feared we might after covid, but for most americans, the majority of americans, it is far from comf