It good morning. Welcome to Bloomberg Survey is. Im in london. Lets check on the market. The rally coming through. Treasuries pretty much stabilizing. A lot of want. Testimony on tuesday. Wednesday we hear from him again. The euro, looking at the pairing of the dollar. Looking at the dollar, pretty much unchanged. Coming up on bloomberg surveillance, we are live with the World Congress in barcelona where we speak with the chief executive. Ahead of the election, the chief of staff for the ministry. Later on, we will speak to Steve Whiting from citigroup. Now, lets get straight to the bloomberg first review. China, scrapping limits on president ial terms. Ofonstitutional provision ours that head of state from more than two consecutive terms in office. A committee wants to change that. Comments were supportive, others work article and mocking. And may be willing to hold talks. The white house will see the first step toward denuclearization. Closing ceremony, standing near ivana trump. Tie
And we were depressed because we were hoping for the classic ending, the come from behind by the way, it looked like the long bomb in the hands of gronk. Had it happened. The twopoint conversion never happened hold on, an end of an era, do you think the moment is past now . I do actually, ill tell you why, you know, the team was actually struggling the whole season you know, pulling stuff off in final moments of every game. Really it happened that way. The defense was weak throughout the entire i agree with that it looked i dont want to be a naysayer, but i think its going to have to be a structural change if that team is going to have to stay in Super Bowl Contention next year most of us want to see the coronation of brady agency the greatest ever. And belichick, the greatest ever we needed that win last night. So coach wonderful, whats your structural change id keep brady. Obviously, they have to keep brady. It was a money decision to whack their number two qb. You know, at the end o
Last three years. An intriguing session in shanghai. The composite staging a huge comeback after a volatile trading session. Hong kong shares in the red. We have Ralph Acampora. European banks taking a hit as the future of greece and the euro zone hangs in the balance and well look at the true cost of a greek bailout. Meanwhile, gopro unveiled its smallest camera ever. The stock is not getting a lift on that news. Well hear what Ceo Nick Woodman has to say. You can carry all these things around. You put your phone up here too . No i dont. Crude oil in a tailspin. Jackie deangelis live at the nymex. Good afternoon. We saw oil shed 4. 40 to finish the session at 52. 53 selling pressure intensifying as we got towards the close. You mentioned demand. The situation in greece pushing us over the edge. Here in the United States gasoline demands falls off after the fourth of july weekend. You have the perfect storm to go lower today. We are also watching Nuclear Talks with iran. We know from s
President trump has offered tougher screening of immigrants following the attack in new york. Down a bike lane in manhattan a truck injured almost a dozen. A Police Officer was shot and arrested the suspect according to the New York Times he was found near the truck indicating that the suspect was not related to the islamic state. On capitol hill, a House Republican scheduled the release by a day. There are unresolved questions about the Corporate Tax rate cuts and other proposals. Republicans also sell disagreeable about whether to repeal a tax break for local taxes. Resident of catalonia now has to choose between a possible prison term for a life in exile as the Spanish Court has summoned him to appear with charges. He fled to brussels after spain seized control of the government in response. His declaration of independence. A new study says the decision to leave the eu has cut income by over 800 per household that come from the National Institute of economic and social research. The
And finally, 1 00 p. M. Time, the u. S. Treasury is set to auction 24 billion in three year notes. Jonathan thank you very much, david. And an uncomfortable market. The s p 500 finished yesterdays session unchanged on a record close. Joining us from hong kong is sean darby. And of course, allen russ kin of fx research. Much has been made on the vix and the s p s. Give us your thoughts and your initial takeaway. Weve got a period where real bond yields have been turning negative in most of the developing markets. Thats been accompanied by a fall in the dollar and the background got a resurgencing global trade. So its a pretty Perfect World for the economy and for equity markets. I suspect why weve had such a low reeding on volatility measures over the last couple of weeks. Jonathan whats interesting about this is people often come out and say this is a sign of complacency but realize its also very low. So isnt this just a case of the market being right . I think the markets have actuall