Details on that. Labour having a turbulent time in england, scotland and wales, parts thereof. Strong challenge from the snp. In wales theyve lost bridgend and merthyr tydfil, keeping hold of cardiff, swa nsea tydfil, keeping hold of cardiff, swansea and newport. In england theyve lost more than 100 councillors, many to the tories. Theyve won the male role contest in the Liverpool City Region. Lost the Liverpool City Region. Lost the mayoral contest. And it has been a terrible night for ukip, overnight they lost every seat they were defending. And the party has been wiped out on Councils Like lincolnshire, hampshire and essex. Their vote share is down dramatically, most of it going straight to the conservatives. In scotland the snp have managed to deprive labour of an overall majority in glasgow but we are not yet sure if they have won overall control of scotlands biggest city for themselves. Were still waiting for most of the results in scotland. Well keep a close eye on birmingham th
Was made in washington and there are limitations this morning. I am having trouble extrapolating this. We have great guests to do this in surveillance. I have a quote from john dean, from another time and place. Guy lets talk about these markets, figure out what is going on because we are starting to see a little bit of a sense of concerns in assets. Tom this is macrons chart, with the vix still under 10. 92. And there is the euroyen. Is the riskrally, on trade still there . Guy i want to start with the two year, which we are starting to see move. We are at 133 this morning. Are we starting to talk seriously about two hikes from the fed . U. S. Futures on the s p, starting to flip a little bit. The bloomberg pound Index Trading at highs. Tom i just heard matt miller and berlin talk about the lack of reaction. I did this chart for stephanie, just for stephanie. Here is the inflationadjusted dow, back to world war ii, back to 1947. The red circle on the left is the massacre of another ti
Launched an icbm for the first time. President trump tweeted that perhaps china would end this nonsense once and for all. And china willia be meeting. Chinas official news agency, trade between 33 inand china raised the first five months of the year. Further questions about Donald Trumps travel ban. The state of hawaii is challenging the enforcement of the order. They asked a federal judge to deny. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Thank you very much. Those are the headlines. Lets look at the markets to show you where we are on the European Equity session. The fourth of july is celebrating in the u. S. This is the picture right now. 0. 2 at the moment. We have seen north korea digesting the carried out that icbm launch. Some strengthening. We have the dollaryen strengthening. Yields are weaker. Is a little weaker now. Stories, north korea claimed they successfully launched an
We are going to ask about if the potential blockbuster drugs in the pipeline can keep this momentum going. Leonard putin reacts to u. S. Thirdsns by asking two in his country. Two thirds american staff in his country. Were just thrilled to have you back here in the studio. From theur away european open, lets take a look at how futures are trading. Noe on the ftse, we see change on the 50 futures and dax and down dax down. Not a lot of direction from futures. Have a threeday chart appear, you can see that we have a big jump in yields friday and we have settled down a little bit today. Ds fairly unchanged but we will see what happens when we get to trading this morning. Lets see what is going on with the other asset classes. Guy lets walk you around the world and show you what is going on. Day, european bad equities generally were on offer. Going through in the backend might you will see what happens with france as well. The last day of the month, you are seeing maybe a little bit of reb
10 00 we get the isn manufacturing data for july and later this morning u. S. Automakers will report july Light Vehicle sales. Good indicator for the market and Consumer Spending. From shakeups to the white house to the senate remaining in session, every day brings new twist and turns. The man who follows it all is kevin cirilli. I guess we have to start with the white house. What happened . He barely lasted 10 days. Yesterday i spoke with several sky Bridge Capital announced scaramucci was fired by kelly hours into his first full day as chief of staff at the white house. Essentially they are saying this was general kelly trying to himself on day one to give himself a clean slate. The statement from the white house announcing the firing. Himself on day one to give himself a clean slate. They say that Anthony Scaramucci will be leaving his role as White House Communications director. He felt it was best to give chief of staff john kelly a clean slate and the ability to build his own tea