At the 10 year yield first. It continues to climb. 1. 87 . A lot of selling and bonds globally again today. We heard Bruce Bittles earlier saying 1. 90 , maybe 2 is where we are headed. We will speak with Marilyn Watson in a moment about global fixed income. The s p 500 continues to grind higher. All week it has been either flat or higher on the session. The best performer is freeport mike moran is freeport up nearly 5 . Wo bign has moved t figures this week as well. It is above 108. 04. Guy a lot going on in markets. Equities trading backup towards record high. Globally, shares doing well. I thing this is the third week of gains we are heading for. Trade fears may be easing a little bit. We also had the central bank story in there as well. The real story over the last three or four weeks has been this kind of real backup and yields. Bidst, massive bid, a fear attached to the global bond market. Since then, we started to go in the opposite direction. Marilyn watson, blackrock head of g
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
The Prime Minister loses when it is him against the markets. The biggest week of earnings season with Powerhouse Companies reporting. Better than expected cash flow which we have not seen for a long time. In the second half of the year things should pick up. We are seeing a little performance art. Mexicos president speaks exclusively to bloomberg. He says Interest Rates are too high but he will not intervene. We trust we are not just going to grow but also to develop. Some of europes largest banks say it is high time or for rates to come up. Fundamentally negative Interest Rates not just for the future of banks at stake right now. It is all ahead on bloomberg best. Mo emma hello and welcome. I am emma chandra. This is bloomberg best. The weekly review of the most important interviews from Bloomberg Television around the world. Lets start with a look at the top headlines on monday. Chinese authorities in hong kong finally responded to antigovernment demonstrations that have been going o
They turned him into a no deal bragexit. Political pinata and i think the consensus was that the former ofis the busiest week Vice President delivered a earnings season with some better performance that in miami. Powerhouse companies reporting. Better than expected cash flow which we have not seen or a 20 plus candidates running for long time. Debatent, and the next in the second half of the year exit should pick up. We are seeing a little in houston the Threshold Performance art. Mexicos president speaks increases and it will be more difficult for these candidates to qualify, and thats what i exclusively to bloomberg. He is not about to intervene have my eye on. With Interest Rates. Not justst we are polls factor into whether or not you qualify for the threshold going to see growth but also to develop. Some of europes largest and it matters in terms of funding as well. Banks say it is high time or chevron and exxon reporting rates to come up. Betterthanexpected earnings not just for t
Exchange welcome to cramerica other people want to make friends, im just trying to make you some money my job is not just to entertain but teach and coach you. Call me or tweet me jimcramer how the heck are we supposed to figure out what is going on when the president of the United States starts bad mouthing china when his hand picked team of the negotiators is set to have a state dinner with chinese counter parts . These trade talks are so important, no wonder the market is confused. Down hard on trumps tweets or betting on the hope the Federal Reserve will bail us out with a rate cut tomorrow afternoon that we certainly need. Thats why the dow closed down 23 points, s p dipped 2. 6 and nasdaq lost 2. 4 maybe the president , maybe its not a brilliant plan here. I can see where hes coming from man, it does not inspire confidence about these trade talks when you tweet stuff like my team is negotiating with the now but they always change the deal in the end to their benefit. They should