Would cut more than this. Alix but it looks like they actually cut more than expectations because it was 19. 75 , go into 16. 50 . It appears they did actually cut, so50 basis point it seems like it was a little deeper than even the most dovish expectations. 19. 75 , and was they cut it to 16. 5 percent. So it did exceed expectations. Alix but yet, you have the lira moving higher. I think that is never a good sign, when you have the currency moving higher when you have a 325 basis point cut. Interesting. We will have to watch that currency. That feels very much like the playbook last time we saw a cut from the turkish central bank. You have the, yes, turkish central bank. Now we are pushing ahead to the ecb. S p futures unreal, up over the 3000 mark. Hold . He rotation we seen we took a pause yesterday. Odollar euro firmer eurodollar a little firmer this morning into the ecb. A little bit of wiggle room when he market. Youre seeing a little bit of buying in the bond market in the u. S.
With support from our Comcast Cable partners this weekend we travel to lansing michigan. Coming up we will talk with authors base year as we first learn how the city was chosen as the state capital and then about 15 minutes the story of arby olds and the auto Company Founded in lansing and later we take a driving tour of the citys downtown. We begin our special feature as we hear about james turner and the founding of lansing. James turner was a pioneer. It wasnt until the state legislature designated this area that he came with these other folks and helped build the capital. He had a slightly more sensible approach, but we didnt do that. Wehad nothing here, there was no transportation. They had so much to build a castle city and that was the very interested and exciting and unique story oflansings beginning. The legislature established the state in about 1836, about a year before it became a state. They designated detroit as the capital but they were fearful that detroit could be easi
We bring that to you live. Welcome to bloomberg surveillance. The markets. N on the hs is closing shortly and hang seng index sores soars. Carrie lam is going to withdraw her controversial extradition bill. That is the bill that kicked off the last 15 weeks of protests. Some of them with more than an estimated 2 Million People which is an incredibly impressive figure. They got that, hong kong has a total of 7 million citizens. From babies to the elderly. That would be like if you had a protest in america and 100 Million People showed up. Reportthe stock moves on the chief executive carrie lam is going to formally withdraw the controversial extradition bill. We saw moves around europe as well and we even see futures moving higher. Is South China Morning Post reporting the news after months of protests in the city. You can see here, these luxury stocks are getting the biggest boost. Swatch is up, lvmh is up 4 . This is such an important hub for luxury sales, for the chinese, with tons of
Shipenburgs university of pennsylvania. Hes an awardwinning author, coauthor or editor of 27 civil war books and more than 40 related articles. He is the Vice President of the center for civil war photographer. Hes been a licensed battlefield guide for 25 years. Hes appeared on numerous productions shown on the bbc, cspan, the pennsylvania public time as d works full chief historian or the American Battlefield trusts. Without any further introduction, i now present to you my friend, gary gear. [applause] leave your book here . Gary yeah, sure, i might need it. Hello, everybody. This isnt easy during the whole civil war in such a sort period of time. Well see if it takes 56 minutes or whatever. Im already wasting time for good luck for those of you who like to take notes. The seeds of the civil war are started in the constitution and there amp. Then you have north and south starting to look at each other differently. Southerners look to the north and although they speak the same languag
Global growth softening, and specifically having caution because of trade concerns. We will talk with the ceo of dow in this halfhour, Jim Fitterling. Alix also looking at other names like 3m, surprisingly reaffirmed its growth organic sales. , sor names coming in weaker when you have Companies Like 3m , that is positive. Boeing is extending cuts, help withthem to their pricing power. Terrible news for airliners, and then all of a sudden better. David exactly. In the meantime, we have an announcement out of the turkish central bank. Mr. Erdogan has his way. They are going to cut the one 19. 75 , downe to from 24 . The turkish lira is coming down on the news, a little under 0. 5 now. Alix that is a 425 basis point cut. The market was expecting 250. This is definitely more aggressive on that side. David the got the message. Alix we are just about an hour away from Mario Draghis press conference. Eurodollar goes nowhere. Crude up by 1 . Basically, wait for the next hour. [laughter] david