The chairman of the African Union, the president of the gomora islands. Eh, fully participated in the work. I think that the trend that you mentioned, or rather the question that you asked, reflects the presence of a trend, because ideas are already being expressed that not only the African Union should join the work of the g20, but also such regional structures as Arab League Community of latin american countries caribbean rack. Eh, i think that maybe at some stage the Eurasian Economic Union will also be considered as one of these regional structural participants. E. By the way, we will need to transfer the European Union to this group. Uh, because, to be honest , well, everything is somehow disproportionate. This looks like the leading countries of the European Union and the leadership of the European Union the European Council and the european commission. There are questions, there are questions, but life will tell you. They said that negotiations from other countries, of course, a
We will have more on it with bloomberg politics. Definitely stay tuned for that. We are halfway into the trading day. Lets head over to julie hyman. Julie thanks, guys. We had Economic Data later today. We see the 10 year yield taking a leg lower earlier. That is when we got the retail sale data lower than estimates. ,etail sales unchanged overall but if you include auto sales, they fell. We also saw inflation falling. 1. 49 is the yield on that 10year note. After we got these earlier numbers, we got Consumer Confidence that came in a little worse than estimated. The dollar fell. It is lower on the day. It had a sharp move in the wake of that earlier data. We are watching fed futures. The way we track that and the probability that is baked into that that the fed is going to raise rates. You see how that economic side affected it. What is the read through two stocks . Not much changed today. Dipped today. At the moment, not doing much at all. We are also watching the commodities complex
Im going to start at fixed incomes because that is where we have seen such a dramatic move in reaction to this mornings Economic Data that came in worse than estimates. Retail sales and wholesale inflation. Not to mention a later report that came out on Consumer Sentiment that came out worse than expected. They were as low as one thing for 9 , now it one play 51. 1. 51 percent. If you take it over to stocks we are seeing a little bit of up back from this record close since yesterday for the three major averages. The first time they have reached that milestone on the same day going back to 1999. Has dropped after manically. If you take a look at what has the on the week of in s p 500, kind of sideways action. Even though we didnt have that record close on thursday. Of 1 . F. 10 point one some of the bestperforming stocks that we are watching include nordstrom. Reporting earnings that Beat Estimates and saw strong sales at its rack division. That is after a u. S. Justice Department Repor
Prepared to stabilize the market. Talks next week. About 30 minutes into the trading day. Julie hyman joins us with breaking data. Julie its rising less than estimated. It came in with a rating of 90. 4. This mostly reflects what happened in the current condition. That part of the index is falling to 106. 1. Picked up aans little bit more than estimated to 80. 3. Overall, it looks like the consumer is not feeling very good about their current state of personal finances. In this like optimism report as well. It has already been a pretty busy morning. We got u. S. Retail sales earlier in the day. We saw a little change overall last month. We did see when you strip out autos, there was a decline. Auto sales were more robust than the rest of the retail or. We got ppi as well. That fell 4 10 of 1 . The average is pulling back on those record levels where they closed yesterday. That goes back to the end of 1999. Economic data that we have this morning has a sharp effect across the market. Ta
Stop. How is spain doing your ask, italy doing . We dont have it today. Oh, my gosh. My kids are there, the italian gdp is going to come out. Come on, guys. We were lower in europe. Back to the big three. The joke has been the last few days weve included spain and italy, not that they are inside joke. Thank you. When the show starts. Yeah. Im sorry. Were in the show. Okay. 10year note yield hanging around 1. 5, where its been. Were a bit below that today and wti had been up there was a rally when for some reason people believed the saudis or their jawboning. To our road map this morning and it does start with the markets. The dow, s p, nasdaq closing at record highs yesterday. Where do we go from here in big Retail Stocks on the move this morning after some earnings. We also got overall retail sales. We will break down the busy week for the sector and go live to rio, of course. You saw carl, the u. S. Racking up a lot of medals. Carl is talking to the athletes and will have a lot of go