It is office highs, but still a. 5 . Not too Much Movement in the dollar index. Just a little weaker before the fomc today. He 10year yield lets get a deeper dive into the market action. Standing by we have k. D. Lang. Katie playing. Hase dollar weakness become a proxy for risk appetite. It is once again weakening signals it is not entirely a risk off day. We are seeing it in equities. Even if crude is office to touch. On the subject of the fed and yields, something the market is paying close attention to for that decision in about an hours commentary on yield curve control. There has been a dramatic steepening of the curve in recent weeks. We have seen some flattening coming in. We are sitting at 115 basis points, the steepest it has been in about three years. We will see if the fed does anything to change that narrative. It is tech that is outperforming at the moment. The s p 500 Information Technology sector is higher for the fourth day in a row, up 5 over that time period even thou
Economy is not significant, we overheated. There is no sense and in overheated economy or a tight labor market. Wage increases are modest. We dont see wages having tightness. Been below the 2 objective for most of the past five years. Is a transitory or are there more fundamental things at work . I think we are all watching carefully to see. We think it is important to gradually move our policy rate towards a neutral level. The economy are strong, unemployment is low, growth appears to have picked up. It is time for us to be normalizing interest rates. Around theoining me table in new york, cohead of Global Management for fixed income at global sacks. Chief investment strategist of fixed income. Coming to us from london is thinks Income Portfolio manager j. P. Morgan. Great to have you on the program. I want to begin with you. What will change for the fed given that the two individuals stay the same. Mike i dont think a lot what a lot will change but there are several differences. I th
Two of writing uprisings. Before being detailed by two police officers. In a video statement, police said the suspect was a 29yearold man with a temporary residency permit. Police did not give the suspects nationality. His visit tos on greece, the first visit by a turkish head of state in 65 years. Ties between the fellow nato members have been strained by competing claims of violence, as well as how to handle recipes refugees. Im Mark Crumpton, this is bloomberg. Live from bloombergs World Headquarters in new york, im julia. We are 30 minutes from the close of trading here in the u. S. A losing streak ahead of tomorrows jobs report. What do you make of it . Averting a Government Shutdown. The president met with leaders from both sides of the aisle. Firefighters have little luck in containing wildfires across Southern California. Flames have displaced more than bitcoineople in skyrocketing past 16,000. As u. S. Exchanges planned to get into the action, one minute closer to midnight. Th
Investing. The availability of stocks to choose from to go long or short. Investors, ceos, and policy share their insights on the here and now. Dealing with the technology shift is much easier than a Business Model shift. Trade is good for both parties. We are beginning to see a return to stable markets. Into dont it is all straight ahead on bloomberg best. Hello, and welcome. This is bloomberg. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began with a big step from bitcoin. Bitcoin has landed on wall street, literally with a bang. As any 5 rge as much during the debut session on the cboe. Futures surge as much as 25 during the debut session on the cboe. We are seeing pretty consistently three or four trades per minute coming in. This isnt bad for an opening day for a futures contract, especially for one which for one with uncertainty. We saw surge its within the first few hou
Billionaires. All thanks to what else . Bitcoin. They explain why they took a chance on cryptocurrency. First, to our lead. Net neutrality is no more. The fcc voted to repeal the obama era internet protections designed to keep rock band broadband providers from favoring content. Vote was 32 to end the protections known as Net Neutrality. The vote came amid intense protests online and in person from defenders of the rules, who say this will create have sent s band havenots when it comes to accessing content. Fcc chair ajit pai heralded the return to what he calls a freespeech market approach, saying it is time to restart internet freedom. The light touch framework that has governed the internet for most of its existence. Joining us now, one of the people who voted to repeal it, fcc commissioner brendan carr, who was nominated by president trump. Commissioner carr, thank you so much for joining us. You said today is a great day, many people say this is an awful day. What dont they unders