Kennedy nixon. I dont know if we will see element of that, but you will see way over the 80 million four years ago for clinton and trump. The interest is ginormous. Jonathan it is a spectacle. It is golden tv. Does it have consequences . That is the question. Monmouth university come out with a pole that said just 3 they are very likely to hear something that will impact their eventual vote choice. We will all be watching. Will it have consequences . Tom let to get the theater out of the way right now. This is very important. This is case western reserve university, one of our great science and engineering institutions, and the richest , secretary 1800s hayes to roosevelt. This is the history of dow chemical as well. And in the 20th century, it is a city that has been flat on its back for a decade for decades. Joe biden if can speak to these people, and President Trump as well. Jonathan in d. C. , there is still something to talk about away from cleveland. Apparently theres going to be
Bit despite news of increased inventories. For the global exchange, where we bring you market moving news from around the world. Are bloomberg voices are on the ground with this mornings top stories. Da tart with e curran. Had positive signs since sunday, when the government said they would push through new oversight of ip protection, and they want to punish those who are guilty of ip theft. That was followed by some details in one of the state newspapers that china is also looking at the oversight of any trade agreement with the u. S. In ways of ensuring that any deal isnt limited. Then we had the news yesterday from the Commerce Ministry talking about reaching consensus on core issues. The moonbeams it is been nothing but positive in recent days, matching what is coming out of washington, though we dont yet have any further details on when or if an agreement might be signed. We have your minder did have a reminder on the economy when profit for industrial firms dropped almost 10 from
Back in new york. We are seeing bond year its near record lows. We have never seen this before in history. We will be talking about this through the whole program. Theme. Es, a key it is a testament that is splintering forces in the market. We have one of the most accurate henomists, joshua shapiro, will be here. You dont want to miss this. Once again, a historic move that we are seeing in the markets. Jonathan look at the futures markets ahead of the open and we are points away from an alltime high on the s p 500. And another big headline is on brexit. Sie up 20 post back into a bull market. The weaker pound stimulate some stocks with a big flow of foreign earnings. The s p 500 is going to be in , they madethe nikkei big lives overnight. The biggest drop since around march on the nikkei to 25. The market is doing its thing. The fx market response with a stronger japanese yen. Up 1. 84 . A weaker japanese yen off the back of a decisive election with the Prime Minister over the weekend.
Shares of banks and other financial institutions declined as the surprisingly strong May jobs data spurred a jump in Treasury yields. The print supports our expectation for the Federal Reserve.
U.S. stocks fell under the weight of higher yields in the bond market. The S&P 500 dropped 0.7% Wednesday, sinking further from its record set last week. The Dow Jones