Morning. This bloomberg surveillance. More than a decade since the last one, s p Global Rating the gene the top rating for u. S. Of america. Fitch follows up after the close yesterday with this quote, the written downgrade of u. S. Reflects the expected physical deterioration over the next three years. The erosion of governance relative to aa and aaa rated peers. Whether it is justified, and if it matters, are two different questions. Lisa i would agree as this is the second Major Company to downgrade u. S. From aaa rating. The response arbitrary and based on outdated data. That is janet yellen. Larry summers the idea that it is a decreased default risk is absurd. Here is the question, is there Something Real behind this in terms of how much Interest Rate expenses are going up and like a convention there is on capitol hill . Jonathan theres governance issues u. S. Has that is inconsistent with other aaa rated peers like germany. Lisa i would agree because we were talking about u. S. Po
We will talk about that over the rest of the hour. 10 year yields are up about four basis points to just under 466. Lets talk about assets. Tremendous volatility on other Asset Classes as well. New york crude down to 81 on the day, just under 82. 8 lower. The dollar is still getting some strength along with yields. The yen is weakening to 157 on the day. Remember, there have been accounts by the Japanese Central bank, reviewed by bloomberg, show and likely intervened in the market monday. You saw strengthening. Back now to 157. Coco is interesting. You saw it drop as low as 27 . Now it is up more than 2. 6 on today. What is interesting is extending liquidity in the market shows you how wild you can see this wings leading to one of the worst drops you have seen in coco in decades, just earlier in the day. Midday movers on the equity side. Ge healthcare reported sales for the quarter missing the average estimates. Analyst sees this talk pressured after weak results with the company we ar
Good morning for our audience worldwide, this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz, im jonathan ferro. Just about positive on the s p 500. Tom not your father strike. When i saw it, they nailed it about the 10 00 p. M. Stock. This is an original strike going back over to uaw history, back to 1958. Into real challenges before world war ii. It is an original strike, a selective strike, that is what is new. Jonathan gm said they offered unprecedented package. From ford, the union made little movement. Rambo, we have not heard from this white house, have we . We are waiting for a statement from the president. Lisa hit the he did speak with the leaders and auto manufacturers. What did he tell them at a time where his policy is contradictory . In one hand hes pushing for electric pickles and a lot of the vehicles are pushing back on yet they are helping some of the auto manufacturing with those. On the other hand, it is it is the most prounion in
Fed, if you will. Have got to because the Federal Reserve. This is Janet Yellens last policy decision. A wideranging set of views including those on bitcoin. A speculative situation. When it comes to Monetary Policy, three hikes expected for next year. It seems to Economic Growth, but inflation, the mark. Question we are about 30 minutes out from the open in china and in hong kong. David, a bit of a mixed picture when it comes to the equity side. We are seeing the dollar maintaining those losses. David we welcome to a substantially weaker u. S. Dollar. That actually showed up. Im going to tie it together with the aussie number you mentioned at the top of the show. Have a look at the move down in the 10 year yield in australia. Here is the pop we got 30 minutes back because of the swell and jobs data that came out. The haidis point, we are looking at a mixed picture. Currencies are counter productive. Corelation is quite clear. Back to the jobs number in australia and just to show you h
More than three years. They will be focused on north korea sending a delegation tonight months olympic and south korea. At the same time, south korea will try to keep from undermining the u. S. s hardline against the north. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. This is bloomberg. Julia live from bloombergs World Headquarters in new york. I am julia chatterly. Scarlet i am scarlet fu. Joe and i am joe weisenthal. The s p extending its winning streak for a fifth straight day. Hojoe the question is, what you miss . Do they also point to inflated prices. Farmers are hoping to reap the benefits of their support for President Trump, who is said to address the American Farm Bureau Federations annual convention in nashville in about 30 minutes. Will bring you his remarks. Too much of a good thing could be hurting apple. Arebig shareholders concerns about children becoming addicted to the iphone and they want apple to do some