Should he be out and you been following and then you also have them scheduled to testify on october 30th in front of congress to talk about the progress on the 737 max plane and we know that today this afternoon, the star got hit because european regulators said they and that the earliest they would consider putting the 737 planes back in the air will be january. Nus southwest air canada that both said they remove the planes from their schedule until february. So the timeline keeps getting pushed and the Company Keeps getting up with negative, headlines. In staying that you had major firms that downgraded the price targets in the low 300 range, a lot of negativity right now. However, the longterm, consistent that im staying is boeing and airbus, could be potential for growth if your stockholder only in the long term. All of this terrible news, the stock is actually still up yeartodate. The jury is still out of this, these techs and these messages look bad. Fraud and deception is the fa
Francine welcome to bloomberg surveillance. These are your markets. A lot of focus is on the Corporate News and a lot of the focus on the data we have from the u. S. European stocks are pretty much unchanged. Technology stocks are better than expected. But some of them are still disappointed. If you look at it, a lot of it is stock by stock. Eurodollar at 1. 1134. And then you can see the pound at 1. 2428 after jeanclaude said no. Coming up, right here, we hear from the renault chief executive. That interview in around 15 minutes from now, plus, we speak to the u. S. Secretary of state, and later on, to the starbucks chief executive. All of that coming up and much more. Lets get straight to first word news in london. Governments need to pitch in with fiscal measures if conditions in europe keep deteriorating. That is according to mario draghi. He signals more monetary support in september buts comments suggest the central bank is getting close to the limits of its power. The outlook is
Weak manufacturing data raising hopes for more fed easing and the tenyear yield falling well below 2 for the First Time Since early july coming up later, big exclusive interview with the former vice chairman of the Federal Reserve, don kohn well ask him how the trade war escalation could impact the feds next move. Joining us is Barbara Duran from Capital Partners barbara, do you make any moves on this surprise tweet this afternoon from the president no, no. I think weve seen this before and it doesnt make it any less real or impactful. 10 will see what goods are impacted i think a lot of that is in certain sectors and stocks already whether its the industrials, the manufacturer. We have to wait and see. We know what sectors are impacted this is cell phones, laptops, tvs, baby toys. All those who testified, please dont put tariffs on us, thats what it is apparel. The rest of the country i think its not going to change the basic economy and whats going on in terms of the consumer and wag
The firm, however, sticking to target. Luxury stocks are one of the bright spots as they reap a week of euros after Solid Earnings. All right. And to our top story. Another volatile earning. Its largest liquidity injection since the month of july. Meanwhile China Securities regulator is looking at what it calls, quote, share dumping, its biggest oneday drop since 2007. Lets check in on markets. Live in singapore. The dust seems to be collapsing on the collapse in the chinese equities markets after the rough morn sessions. We were down by 3 earlier today. Almost one and a half thousand. A daily downward limb it. So there will be a composure returning to the market if you can call a 1. 1 settlement composure. Remember where we were this time at close yesterday. Off by 8. 5 . So the governments pledging and affirming its commitment once again to buy stocks. The pboc pumping liquidity into the markets as well. Thats helping to settle dust to a further degree. I wouldnt write off any volati
S p down 1. 1 , and the russell down 1. 05 . Why . One main reason is china. China devaluing its currency. The dollar strengthening significantly. Oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at 43. 2, down almost 4 . Brent down almost 3 , gold up just a little bit as you see there about a half percent. Mandy is out but sarah eisen who knows a lot about currencies and china is with us today. Thank goodness youre here. I live for days like this, watching the dow and the impact of china spread across the globe. Bob pisani, anything with any china or Commodity Exposure is getting pummeled. Dow up 240 yesterday, down 240 now. Its a wasted week so far. Put them up, Materials Energy and industrials to the downside. Thats the big losers. Some of the obvious names and their impact from china. We always talk about casinos, wynn 70 of revenues in china, and yum brands 50 of its revenue in china down 5 . Those are the easy ones