The stoxx 600 are flat. The focus is on trade. I would like to point out eurodollar is the one we are watch out we are watching out for after some pretty concerning news out of germany. That was the employment figures. Coming up on bloomberg surveillance, we will talk about the outlook for u. K. Assets. What happens next in the bond market. Lets get to the bloomberg first word news. Viviana Prime Minister Boris Johnson denies he broke the journalist groped a journalist 20 years ago. The year overshadowing Conservatives Party ifservative parties brexit gets delayed he will not resign. I have undertaken to lead the party at a difficult time. I am going to continue to do that. Have a responsibility to do that. I think it is our job to get brexit done on october 31 but to move the country on. Viviana donald trump is calling for the impeachment inquiry to be questioned. He demands he meets the anonymous whistleblower. U. S. House Speaker Nancy Pelosi telling cbs news she is asking President
Abigail . Abigail you were talking about energy outperformance. This leaves the russell 2000 and a positive spot in the near term, but the longer term, maybe still a bit cautious. A big fourthquarter selloff relative to the 200day moving average, the momentum indicator on bottom. When it goes above 70, overbought, below, oversold. The russell 2000 has been slipping downwards, and that slowly but surely says the buyers have been exiting in a very orderly manner. Right now, the russell 2000 back above the moving average, so in the near term, that is bullish, but it is sloping to the downtrend, and we have a series of parish lower highs, something to think about going into the end of the year and certainly into 2020. Renita . Renita taking a look at some of the big laggards, health care. Merck is dragging down most health care stocks, down during the session, and this all happened in wall street, including goldman, sounding the alarm to a potential drug pricing headlines in the coming wee
Meanwhile at headingley, jofra archer dazzles for england, taking six australian wickets to give his side the edge, heading into day two of the third ashes test. After of the third ashes test. A mixed august, sunshine with after a mixed august, sunshine along with the heat going up. Join me with the full weekend forecast. Its friday 23rd august. Our top story Global Leaders have expressed alarm at the Record Number of wildfires in brazils amazon rainforest. French president Emmanuel Macron tweeted our house is burning and described the situation as an International Crisis that will be discussed at the g7 summit. The brazilian president , Jair Bolsonaro, says he is investigating the fires, but claims he does not have the resources to fight them. Ramzan kamarli has more. The fires in brazils rainforest rage on. This year there have been a Record Number. Satellites have identified over 75,000, most of them located in the amazon basin. The situation has become increasingly worse over the p
Canary islands in spain, allowing firefighters to make headway in battling the massive firefighters. Fires. Emergency workers evacuated more than 9000 people. The fire, described as a monster, began on saturday. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. York, it is 1 00 in new 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following. Show me the slow down. Boston fed president Eric Rosengren says it is not up to the fed to make up for weakness in other economies. We will look at sentiment heading into this weeks jackson hole symposium. Watchdogs are rolling out the long anticipated overhaul of the volcker rule. Streaming wars are gearing up. Rollout itsto script Fiction Services by november, the companys first mediaay into subscriptions.
Lets call it 2600 on the dow jones. The hundred on the russell 2000. 1500 on the russell 2000. Caroline volumes down. Lets get a deep dive. Mike i am watching the bloomberg agricultural sub index. A rebound over the summer in commodities has basically completely faded, and that leaves this index new the lowest it has been. As we gauge inflation, districts very well with this tracks very well with bond yields. Corn and soybean. Obviously, the trade tensions with china is hurting crop prices. But there is another thing, the epa decided to give 31 refineries exemption from biofuel acquirements. This is pitting the Energy Department and epa against the Agricultural Sector of the economy. Bloomberg is reporting that there was a meeting today to try to figure out ways to boost ethanol demand. It is not clear that any of these measures will be taken in force. Abigail with stocks trading lower, it is not a surprise it was a risk off day. Bond futures are higher, gold futures, and japanese yen