City this morning. For our audience worldwide, this is bloomberg surveillance. Equity futures on the s p 500 up. 2 . Date two for chairman powell and in washington, d. C. It is the state of the Union Address. We will catch up with amh in washington. It was a win for wall street but not the kind of win we were thinking about. This was not Monetary Policy, this was about Financial Regulations. Lisa there are lobbyists in washington, d. C. Getting massive bonuses. We saw that 19 Capital Requirement that the largest banks in the u. S. Were going to have to hold under new proposals basically being rolled back. Jay powell saying we will make a lot of changes to this after a lot of lobbying. Jonathan day one was in front of the House Financial Services committee. Date two was in front of the senate committee. The senator from massachusetts, Elizabeth Warren, i imagine Elizabeth Warren has followup questions about yesterday. Lisa i imagine she will not be particularly happy when people are loo
The defendant. We have to pay the price. I agree on the concept, of course. U. S. Consumer prices increase at the slowest rate in nearly three years keeping expectations for a june rate cut on the table. We will hear from two policymakers later on today. Staying in the u. S. And bad to worse. Shares of Community Bancorp plunge in extended trade after removing the ceo after weakness in internal controls. Good morning. Lets get to some fresh data pointseurozone. The final pmi of 47 over 466. 1. Eurozone factory activity contracting for the 20th month in a row. Coming in higher than the flash. Euro dollar at 108. 09. Lets get back to the top stories and earnings news out this morning. Daimler truck with a beat on the full year. The company said it sees revenue being close to flat in 2024 amid tough economic conditions. We will be hearing from the ceo martin daum at 11 45 cet. Thats a first on cnbc interview. Swiss Logistics Group posting a 49 fall in annual operating profit which was wors
This is bloomberg surveillance. Just about positive on the s p 500. The politics on dollaryen. Dollaryen positive. 4 . The boj governor meeting with the Prime Minister who says he will closely impact the impact of a weak yen on pricing. The japanese official snapping back saying if the market is functioning property there is no need but a suggestion that maybe it is not. Lisa all of this goes to say that people who are bearish on the yen are getting bolder. I wonder how much janet yellen will put the pressure on japanese authorities versus maybe there is a sense they have used up the little ammunition they are willing to send. Annmarie she said consultation should take place and then she called the reported japanese action a rumor which makes me think the japanese did not call washington to ask and let them know we are going to make a move and intervene. Jonathan dollaryen, big swings over the last week. All the way back down to Something Like 152 to start the week. Somewhere between 1
We have the on market and the risk aversion in the 10 year. There are big moves yesterday and were seeing borrowing costs rising 12 on the tenured that. Were seeing money and i do not think there is a risk aversion. There is a little bit of caution when it comes to borrowing. There is a spike after the deal and it is now trending lower. Is it about the United States and fundamentals . It is up by a quarter of a defense a percent. This is the asset you want to look at today. Trade is 50. 99 right now. It will take time. Nevertheless, you know china calling on the demand side of equation and the supply side is ramping up. Lets have a look at how that affects stocks this morning. Youll see less thing for the buck. We are seeing a deal in mergers and acquisitions when it comes to chipmakers. The university in china offers 23 billion and this will be the biggest deal for a Chinese Company buying a u. S. One. This is a big play for other chipmakers on the move. The numbers are looking rather