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5, 6, seven major stories, are driving us forward. Simply an open question with all that is going on, what has your eye this morning . Jonathan the italian bond market. I know that feels a bit off the beaten road, but right now rallying aggressively over the less capital weeks. Look at the spread of btps to german debt at the moment. It is about 20 basis point. That was about 280 earlier in the year. That is one to watch in the debt markets. Tom bond price up, yield down. What is the why . Is it a flight to quality . Jonathan reduced redenomination risk, i am not sure we are completely there yet where we can say that this market now trades like a proper sovereign. What that means, we used to question how long some of these countries would play into the euro zone. The risk of redenomination, moving out of the euro and being repriced in a different currency. The fiscal backstop of a couple of months ago, even though it has not been fully implement it, i think that gave people some confid ....
By the United States of america. You go out and look at all the speculation. I would suggest right now it is speculation about what china will do, but there is no speculation that they will do something. Jonathan there is a broader story to acknowledge, whether it is the economy and trade, whether it is foreign in the , the commonsea denominator is trust and the lack thereof. You see it playing out more in the last couple of months. Tom it is worldwide. SyrIan Duncan Smith was on. Ir Ian Duncan Smith was on there is a Global Messaging here about china and what to do with their economic and military assertiveness. Jonathan for the equity market, we are down just eight points on the s p 500. Market participants dont know what to do with that story. This has been ....
paul: welcome to the journal editorial report. president biden celebrated his 81st birthday as concern grows among democrats that the incumbent president could lose to donald trump in a 2024 rematch. nbc news survey finds biden trailing the former president in a general election matchup for the first time in that poll as his support among younger voters plummet in what could be a warning sign the key group is peeling away amid the israel/hamas war and doubts about his age. the string of bad polling news for the president. karine jean-pierre says the white house is not worried. no alarm happening behind the scenes and i m not going to comment on everybody who has something to say. our perspective is it is not about age. it is about the president s experience which i would put the president s stamina and wisdom and ability to get this done on behalf of the american people against anyone. paul: let s bring in fox news contributor karl rove. the white house press secretar ....
Harper. Good morning, this is bloomberg surveillance, i am guy johnson with tom keene in new york. I think i am most focused on the Montreal Canadiens who are doing everything good in the thisnal hockey league, election is a true majority. Back 27 years when his father stunned the world with liberal theology for canada. It stuck up on us in the states. Fors an important moment all elected officials, including Prime Minister cameron. This will be watched very closely and analyzed very closely in the United States. November 2016 it is the top story on the first word desk. Here is vonnie quinn. Vonnie the biggest political comeback. Justin trudeau swept into office. The ousted Prime MinisterStephen Harper and ....
Brown versus board of education was 60 years ago. I was too young to understand the uproar, but i remember the debate clearly. Yelling and screaming at dinner parties. Incredible. Madmen, that was my childhood. Sitting at the top of the stairs. [laughter] let me do a data check for you. There is the story. We will talk to michael. The 10 year yield. We care. Weaker. Nymex crude has done nothing. Ruble, i put up there with a little bit of interest in ukraine. We will see that in our headlines, as well. Let me go to the screen and get you set up on what the pros will be talking about. This is the 30 year bond. Since adam was a pup. [laughter] this is the uproar you see on every cover of every newspaper. We have looked at the front pages this morning. Here is scarlet fu with our front page. Credit suisse is the first one. It is close to settling with the u. S. Government over tax evasion. The Parent Company would plead guilty and pay ....