Its season in orlando despite record coronavirus outbreaks in that state power lunch starts right now thanks the banks and the energy are out performing today as tech takes a breather the nasdaq still up 5 in two weeks. Bob has more on todays market were at the highs for the day. Were close to a bit of a break out. Mondays close, which was the high was 31. 79 were five or six points away from that. Why would it be significant if we get over that thats highest level since the june highs we had. Were looking for a modest little break its a good way the close the week out if we can do that banks are out performing havent heard that in a long time, have you its not going to reverse the down trend for the banks but its nice to see a bit of out performance today. Citigroup, jpmorgan and wells fargo reporting on tuesday its not going to reverse the trends thats good reason for the bank woes out there weve been talking about them a lot in the last couple of weeks. We had capital conconstraints
Hello and welcome to cross talk were all things are considered im peter lobo it appears a new cold war is in play this time waged against china what are the terms of engagement what does it mean to win this conflict and is all out war possible how did the u. S. And its Alliance Allies find themselves in this situation. To cross up this and more im joined by my guest when he came in london she is a policy analyst and senior lecturer in Chinese International political economy. And in washington we crossed. Is a senior fellow at the independent institute ok im going to be good to you 1st in washington i mean if you look at the Mainstream Media and this is what russia gate seems to wind down the banks have come out for china and some of the groups some really very very harsh editorials are being written there in the Washington Post New York Times and the Canadian Press and even in the British Press here is this a new cold war and if it is how is it different when the what would probably on
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Parliament holds its final vote on Prime Minister mays legislative program. This is bloomberg surveillance. S happenay. Theyre rising for the first day in three. Investors shrugging off the prospect earlier of the prospect of higher Interest Rates. Stocks have inched lower in the last few minutes. The euro continuing its upward movement against the dollar. Draghi bolstering bets that the ecb is preparing to unwind. Sterling gaining for a sevenday. Best run since april 2015. Mark carney says the Monetary Policy committee may need to begin removing stimulus. Crude oil gaining for a sixday. U. S. Crude production easing pressure on opec led efforts to drain this global glut of oil. Lets get to the first word news. Banks haven announced larger than expected payouts for investors. Jpmorgan, citigroup and bank of america led the way and unveiling plans to boost stimulus and stock buybacks. It is the first time every lender has cleared the regulatory hurdle. Shares across the industry the tru
Later, johnnt and kerry tells us by china must address its Cyber Security issues. Anathan it is referendum right here in the u k. Law prevents them from reporting on the voting or discussing or analyzing the referendum while we will follow the action beginning at 5 00 eastern time. A quick look at the markets. It futures in the United States are positive. Dow futures are up. The s p is up wonderful percentage point. The european rally continues. Up for the board, it is one of 49 very briefly today. Is 114. Dollar treasury yields are a little but higher. Now lets go around the world and check in with our team for indepth coverage. Francine is in london. Susan is join us in it new york. London. Moore is in jonathan lets pick it up with the data out of europe. We have some disappointing news in france. Lets bring in francine. Sub 50 is not pretty. We sell a 48 in there. 50ncine anything below indicates contraction. The matter what indicator you look at whether its employment or gdp, they