14 days to the election. It is a tuesday october. Obviously. Lettingpreme Court Pennsylvania go after that election to count ballots. Weve got lots of politics to talk about, and extort an area markets after the drop yesterday that we saw. How much do you think link yesterdays 700 point down drop to stimulus . Jonathan not me, but i think other people might make that link. I think if you want to make that inconsistency an because treasury yields climbed. If you think all of this stimulus was going to drive yields higher, then stimulus talks pulling apart would mean lower yields, higher yields. I think the temptation is to take every single piece of price action and draw a line back down to d. C. From wall street. Israelcretary mnuchin in for the important siding of the united arab emirates, israel, and United States of america. He will have a call with pelosi. Pelosi is going to be briefed by westin later on bloomberg. Lisa i am trying to understand Mitch Mcconnells role in all of this
Day, leading to perhaps the second week of declines on the s p 500. The nasdaq 100 also down on the day. Still has a chance to end on the green, now down more than. 9 . The two year yield breaking below the 4. 90 mark. About 4. 89 . We have the Kbw Bank Index down 1. 3 and almost every stock barring two are down in that index. Consumer sentiment data crossing the terminal now. Michael mckee joins us to break it down. Mike if you did not like the cpi report you will not like the Sentiment Report because it shows some on mooring of Inflation Expectations. The one year ahead Inflation Expectation jumps to 3. 1 from 2. 9 . Five to 10 year from 3 to 2. 8 . Enable maybe gas prices reflecting that. The sentiment number goes up a little overall actually falls, rather, to 77. 9, Current Conditions to 82. 5. So in march, we saw Consumer Sentiment rise little bit and Inflation Expectations were steady. Now there is more concerned perhaps about the economy Going Forward and certainly more concerne
Minutes time. They are ups the ante in its deal to bayer ups the ante in its deal to monsanto. We are less than a halfhour away from the European Equity market open. Lets take you to the bloomberg and show you what is happening. I am going to give you a clue, the w ei function, the fair value cut relation, looks like we are going to see a positive start. European markets are softer. U. S. Markets are slimmer. Bonds were down as well yesterday. Lets take a look at the big moves we so this morning. Canada, new zealand, swissie, all seeing moves come through. The u. S. Move yesterday really catching everybodys attention. Japan back in focus. Lets get to bloomberg first word news with david ingles. David thanks guy good lesson about president thanks guy. Lets talk about president obama. Trumpscized donald affection toward vladimir putin. As he spoke at a Campaign Rally for Hillary Clinton in philadelphia. Eight weeks from election day, democrats are feeling queasy about Hillary Clintons na
Bloomberg. Governors central bank who may toe the line with the government. The question of Central Bank Independence here. This the first policy decision of the new central bank governor. The government wanted to cut. Thats exactly what they got. The rate to 10 from 10. 5 previously. Lira a stronger turkish because many did expect this move. Other board for you. I arrived in the city of london hours ago. , thanksto the u. S. Open now positive on futures. Dow jones futures up about one point. Here in london, still lower, down by about. 25 . Out, the japanese government 10 year yield, 13 basis points. When i arrived in london this morning, it was remarkable. Yields below 0. 4 on the way out to 40 year that. 40 year debt. David a big story for the markets. We are looking forward to the japanese and centralbank later this month taking more action or not. The European Union earlier today took another shot at u. S. Tech giant google, this time over the companys android software. There has b
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