How we get there and the speed and trajectory, that is where the confusion is now. Officials are talking about the possibility of a rate hike. Richard clarida will be here to help us break it all down. After a dramatic week, the dollar index is still slightly higher but a threeweek low. Own, and nomc job one knows what they are talking about, futures negative the dax is down 6 10 of 1 . The ftse 100 down one third of 1 . The bloomberg dollar index up about one half of 1 . You are seeing this more acutely against the commodity commodities currencies. Far, week for crude so potentially on wti the biggest and smart as we reenter a bull market. On the back of dollar strength, some crude weakness, the dollar index down by 6 10 of 1 . Yields creeping higher on the belly of the curve of treasuries , up 2 10 of 1 . A lot to discuss so far this week, a Big Conversation over the fomc pivoting forward to the speech that friday. Alix who is going to want to take big positions ahead of Janet Yellen
Take stock of what jackson hole will bring with janet yellen. Tom weve been doing this all week. Equities weaker yesterday. Not a shock, but just off the boredom, a very difficult afternoon for markets in the u. S. Janet yellen front and center. 10 00 a. M. Tomorrow, francine, eastern time. You wont hear her speak. It is in a closed room. Embargoedgets an speech and we will have all the headlines out at 10 00 a. M. Exactly. Francine that is what the markets are watching. Today we look at geopolitics with the deal in columbia between the government and the guerillas. Lets get to the bloomberg first word news. The death toll is rising in italy. The government says at least 257 people were killed when the quake rocked central italy. Three mountain towns were leveled. Rescue crews are trying to find survivors. Many of the buildings were built centuries ago. In kabul, Authorities Say at least 12 people were killed in an attack on the American University of afghanistan. The assault began wit
Lacqua in london, tom keene in trip comes four days after new york. Tom it was a strong yen this donald trump criticized the morning. Esident for staying on sarkozy running the relief ng again, like mr. Romney running again in the United States . Francine possibly. Efforts and a come he is popular. We knew he would run. Postpurchasing manageers growth the timing seems quite genius now at the highest level in because he has three months to seven months and the euro zone take the mayor of bordeaux. Very european. Economy remains an steady lets get to the bloomberg first word news. Growth path meanwhile an taylor bayer and monsanto are increase in the hit a getting closer to a blockbuster deal that would produce the 10month nigh august. Neeble french factory fell for Largest Company of pesticides the stalled in the second and seeds. Quarter. The countrys central bank rejectedh, monsanto expects growth to resume in september. Beyers improved offer. Germanys chancellor needs the euro area e
Treaty between the eu and ukraine by a margin of 221. How will u. K. Politicians be up to make their case on brexit . Two big stories ticking around. I like the dimon line on this. Is to too many . We are about to hear from peter pratt as well. I also like this exit story related to what happened in the netherlands. Protest votes or something more significant . That is my question. Hans it is difficult to see whether there is a direct correlation between a process vote in the netherlands and a clear in her outvote in the u. K. One note on the jamie dimon letter, 50 pages. Couldnt he have waited for hours to incorporate the latest fed minutes . I wouldve asked for an extension. Whoever grated the paper, he shouldve asked for a to our extension. Thats whoever graded that paper whoever graded that paper, he shouldve asked for a 24hour extension. I trust the fed on that. I think that data is safe here safe. Maybe he edited. Maybe couldve edited the last minute. You think at his bit for spe
We had estimated a decline of 0. 1 . When you look at Central Banks, it is the specter of disinflation and it looks like mario draghi may have to address this. Euro area economy, we also get gdp figures. It was a little better than estimated. Gdp better than expected in the First Quarter. Vonnie we are not getting much of a Market Reaction yet. Stocks were lower in the first few hours of trading. The cac 40 down about 1. 4 . The euro also not seeing a huge reaction. People haveguess been led to believe that mario draghi will address this, so this would explain the circumstances in the markets. Lets get to the bloomberg first word news. Heres nejra cehic. And opponentsers of british membership in the European Union squared off here in london today. They gathered for the Bloomberg Brexit eight posted by Francine Lacqua. The value is not just in the eu, but around the world through trade deals. It is valuable for jobs, for investment, for the future roster of our country. What they tell u