To work out what the future relationship looks like between the United Kingdom and European Union. Tom we welcome all of you. Good morning on Bloomberg Radio in boston, new york, and washington. Very Early Morning in san francisco. I would suggest to our sirius xm audience, as well as all worldwide tv, what is important in this changed United Kingdom, it can actually drift over to the 2020 election. Jonathan i think you are wondering, imagine a republican president winning massachusetts, a republican president winning california. That is what happened basically, with the conservatives taking out. The red wall, so to speak. They made some big wins. Tom much to speak up today, but right now on television and radio, we need to go to 10 downing street and our nejra cehic. We just saw that door on 10 downing street open as Boris Johnson came back from his meeting with the queen. He entered 10 downing street, he was greeted with cheers from his staff inside. It was a landslide victory for hi
Them. Nordstrom all lower. At to a clock p. M. Eastern, we get the fomc at 2 00 p. M. Eastern, we get the fomc minutes as well. Guy stocks in europe a little softer than they are in the United States, which is interesting. The trade story certainly front and center for most people. We are also watching whats happening with the hound with the pound. Dropped first thing this morning, still north of 1. 29. A little bit of a bid for the bond market. We are moving, as you can see, down by two basis points on the german tenyear. Prices rising just a touch. We are now joined by viktor hjort, bnp paribas global head of credit strategy and desks analyst. Good afternoon. Credit markets and equity markets seem to be taking a different view about what is happening when it comes to the trade narrative. Credit markets, particularly when it comes to primary issuance, continued for k very optimistic view of the world. Why does credit stand out as having a much better view of what is happening . Viktor
Nature. Just moments ago, house intelligence chairman adam , asking Jennifer Williams about how President Trump tweeted she was a never trumper. Would not describe herself that way but she was rather never part of it. The white house continuing to push back against williams. All of this one day before Gordon Sondland set to testify. He is the individual that was reportedly on the other end of the phone call between President Trump. President trump asked Gordon Sondland specifically for an update with whether or not president zelensky was looking into the bidens. David many thanks to Kevin Cirilli reporting from capitol hill. Lets turn to bill faries. Big development in the middle east, particularly towards the west bank. Bill yesterday secretary pompeo announced the u. S. Would no longer view most of the settlements in the west bank as illegal under international law. He said he was going back to a position held initially by ronald reagan, but it is something that takes place in the co
The main u. S. Indices. Then we got a tweet from the u. S. President basically indicating that he think say trade deal could be possible. Hes going to meet with the vice premier tomorrow. Who knows . Youre getting 0. 8 up on the s p 500. Similar moves on the nasdaq. Even your small caps higher on the day. We talked to Alan Knuckman in the previous hour. He talked about a market that was to go up. We are seeing that kneejerk reaction with regards to any situation improving on china. 1. 35 . 1. 3 5 now your 10 year yield. We are seeing a tick up. Whether that will continue, we will have to wait and see. Dollar weakness for another day. We havent seen too many backtoback days of dollar weakness, but getting it here, down about 0. 2 on the bloomberg spot dollar index. We will talk about that more. Keep an eye on crude. Not just a big read on supply issues, but really on demand and what is going on in the Global Economy, whether that slowdown is to be believed. 0. 24 . Rude wti up about guy
Vonnie in the united states, fractional gains for the s p, up about 0. 25 . 3. 3 two stocks, at t up on the news that elliott has taken quite a substantial , andion in the business part of that is that the stock rises by 50 , and that margins expand pretty rapidly. Up 3. 5 as well. It will be interesting to see what happens tomorrow at the investor day. Investors looking for all sorts of answers, including whether les wexner continues to stay at the helm. Guy sticking with the markets and the Global Impact of trade and a long list of geopolitical concerns, we are joined now by mark redman, omers global head of private equity. Big canadian pension fund, so youve got a pretty clear view of what is happening around the world, and probably you and your colleagues invest into most of it. Lets talk about what you guys see in aggregate. Its been a very long economic cycle. Is it likely to come to an end . Mark thats a great question, and thanks for inviting omers onto the show. Much appreciat