Struck in september 2017. Nearly 250 survivors and victims of a london tower fire are suing American Companies that make products used at the residential complex. The suit claims healthy Building Materials helped spread the flames at the granville towers, turning it into a flaming coffin for the people who died. Whirlpool, and an insulation maker. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, and 1 00 in Hong Kong Unit im vonnie quinn. Welcome to Bloomberg Markets. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Trump threatens china again. The president saying he could impose tariffs of 25 or higher on 300 billion on chinese goods if president xi does not meet with him at the g20. Regul
Nasdaq up 27 . Again, the dow has been weak over the last several trading sessions. You are seeing the issues going on and the bigger deal is the russell 2000. It turned negative for the year yesterday. It is a huge pullback with the dow industrials and russell. All these pulling back with the potential for recession. These are the things we watch along with treasury yields and inversion in the treasury yield curve. Twoyear yield at an 5. 1 . Above the 5year and 10year and 30year. Those yields picking up is what we are watching. Yields are picking up because the economy is strong. Why is the dow and russell indicating otherwise . Maybe it is so strong that the fed has to do something. If they do something that is why. They have to go further. Here we are. Dijamie dimon made comments yesterday. He said it could go 7 . He said it is not something he is predicting, but you have to prepare for it. Thats what he told his board and clients. Prepare for it. Dont be surprised if rates are high
That is Something Congress is trying to work on once more. Well come back to that a little later in the discussion. Same question, dave over to you. I think there is a real opportunity for us to be able to accelerate. The challenges we need to be more deliberate around the way that we are experimenting with this technology. The dialogues ive been having with some leadership is a renewed enthusiasm around taking emerging technology and the war fighters getting together we were trying to figure out what is the potential of the technology but in many ways, like my house, i cant anticipate how they are going to use it. They have far better ways to see it then we do. Its the sitter of brain storming process that allow you to adapt the procedures that you are going to use to employ the capability and feed that back into the acquisition process. Then you can tighten up the cycle time. Its its a co evolution of the solution. To have an example of the kind of things youre talking about . At lea
Conversation they have the best death in a row. But at the same time to bureaucratize that we dont innovate very well weaken the eve of the glass is half full or halfempty. I would counsel congress to be optimist that is a way of life i ascribe to you cannot have everything all the time and think everything will be well all the time that could be realistic about the potential. We really do have the taxpayer in mind that seems to be a struggle with the current leadership on the hill and their understanding of the Industrial Base teaches secretary mcnamara recognize the need somebody needed to look to those logistics from 50 years ago to see that in a different light in since we have continued to see that as a way to support the mission constantly. That drives the potential solutions with the revolutionary opportunity and trusting in the entrepreneurial spirit is going to be 0k if you learn from those mistakes with the investment of technology is all worth it. With the process and the st
With a cyberattack waiting on sentiment as well. European markets edging lower. S p 100. Capra went on a third of a percent. In asia, declines across the board. Hang seng index down two thirds of 1 . Health care reform on hold. Senate Majority Leader Mitch Mcconnell joining the vote until after the july 4th recess. President trump met with the white house yesterday. He called on them to come up with a solution. We have really no choice but to solve the situation. Obama carries a total disaster. It is melting down as we speak. Maria we look at the implications for the rest of the agenda this morning. A sheriffs deputy shot in the face that the suspect now in custody. A couple stocks to watch on earnings news. Those results ahead of the open this morning. Revenue expected to decline a year ago. Investors watching General Mills today. Sales missed expectations for three state quarters. General mills down 1 . Blue apron gearing up for an ipo. It will start training tomorrow facing headwind