Kennedy hill following by a private burial. The 22yearold Boston College student died thursday of apparent overdose. Three people recovering after a weekend of shark attacks off the florida coast. A fisherman was bitten off key biscayne and just hours later two others suffered bites near New Smyrna Beach. Those are some of our top stories on this monday, august 5th. Good monday morning. A very tough weekend with news. A very solemn morning here in the u. S. And that is what were starting with. Two more senseless Mass Shootings shattering two communities and dozens of innocent lives. Mourners gathered in dayton, ohio overnight to sing and pray for the nine People Killed there while enjoying a night out on town. Police say the sister of the 24yearold gunman was among the dead as he opened fire outside a bar. He was wearing body armor and a mask and armed with an ak47 style assault rifle. As people panicked and ran for their lives, police shot and killed the shooter within 30 seconds. It
1 despite a couple of earnings reports that were really disappointing, including the kraft heinz report. Management they are saying that kraft needs a plan in place. A new ceo, of course. For now, definitely a lot of selling. Symantec is up about 10 on reports that broadcom may be very close to some and a two symantec. Ith in germany, a pop on 10 year yield. Germany may be thinking about the possibility of maybe breaking the black budget, the budget. Z european bids are higher. Eurodollar leading the story. 1. 5 . Crude also up vonnie we are joined by bostick. s romaine we had these rumblings out of germany, and in the u. S. We are looking at china still. Romaine this would be a huge deal in germany, but this is something that was talked , whichall week long would be a complete game changer when we talk about the direction of rates and where they were. Obviously that is really what fed into the market selloff earlier this week. Chinaou also had providing a little bit more comfort, at l
War. David what can opec do about it . I will put a chart that illustrates what youve been saying. Outlook is down, normally that would drive prices up, but now prices coming down. That points out it is the main issue. Opec cannot do much about that, can they . Kevin helen absolutely not. Saudi arabia has been leading the cuts opec and its allies agreed in terms if the amount they can take off the market. Saudi arabia has voluntarily cut much more than a pledge to do. The fact that crude prices in london are around 60 a barrel, well believe the level most opec producers need to balance their budget, there is not a huge amount more they can do. As you mentioned before, prices are reacting to what has been going on in terms of expectations of Global Economic growth and the slumping equities we have seen recently. This week in particular weve seen a lot of volatile a couple of days ago there was a 5 drops in crude prices on both sides of the atlantic. Both brent and wti. As you can see, t
Conversation. Those. Say the United States is we realize each country likes to planning to conduct tests on new explained to me what we got this morning. He jobs report got overshadowed have tare happy to talk about t. Missile technology that would by trade. One issue is that huawei is a have violated a treaty with it was not necessarily a bad report. Russia that expired today. It didnt show us that things chinese company. Last year, President Trump one of the b concerns is the were improving. Announced he would withdraw from is that right . This is a solid but not the 1987 intermediate range National Intelligence law in china that requires Chinese Nuclear forces treaty in 2018 spectacular jobs report. 164,000 is a perfect the good information in order to after accusing russia of number at this point in the developing and applying a weapon recovery. The thing that is worrying as cooperate with intelligence agencies. Itselfld huawei defend that violated the pack. You continue to see the
Francine welcome to bloomberg surveillance. These are your markets. A lot of focus is on the Corporate News and a lot of the focus on the data we have from the u. S. European stocks are pretty much unchanged. Technology stocks are better than expected. But some of them are still disappointed. If you look at it, a lot of it is stock by stock. Eurodollar at 1. 1134. And then you can see the pound at 1. 2428 after jeanclaude said no. Coming up, right here, we hear from the renault chief executive. That interview in around 15 minutes from now, plus, we speak to the u. S. Secretary of state, and later on, to the starbucks chief executive. All of that coming up and much more. Lets get straight to first word news in london. Governments need to pitch in with fiscal measures if conditions in europe keep deteriorating. That is according to mario draghi. He signals more monetary support in september buts comments suggest the central bank is getting close to the limits of its power. The outlook is