Live Breaking News & Updates on Bloomberg Sonali|Page 2
Stay updated with breaking news from Bloomberg sonali. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fierce. About 90 miles east of daytona is where it sits right now after really devastating the bahamas. David i dont think we still understand the extent of it. It is really tragic what happened in the bahamas. Theres a lot of rain and water coming. The storm surge they are worried about up and down the coast. Alix in the markets we are paying attention to the broader political sphere. 8 10 upres up by by 0. 8 . The cable rate up over 1 . Yields in the u. S. Now up by three basis points. Commodities, buy everything but the u. S. Dollar. Time now for the global exchange. Joining us in hong kong is bloombergs chief north asia correspondent stephen engle. From outside westminster is bloombergs anna edwards, and from new york is bloombergs michael mckee. First we want to start with hong kong, where leader carrie lam announced the government will formerly will formally withdraw the extradition bill. M the government will fully withdraw the bill in order to relay consent. Alix can we say the ....
The june 20 record we had of 29. 54. At 2944. Now at 2966. To 14s fallen back down per ounce. We take a look at what that means for the two tens. Inare spending a rate cut july. Trying to get a lift, yields going out to 10 years. The story, as you know, always continues to be about trade in china. You are looking at dollar weakness relative to you on strength two yuan strength. Asiango over to our conversation, particularly over there with hong kong, we know in the last two hours we had protesters breach the Legislative Council for our global audience in hong kong. We had an update by sophie, on the ground for us. This is as they mark the 22nd anniversary of turning back over from the u. K. To china from hong kongs perspective. We will continue to get more updates from her in about 10 minutes time, where we will be live from hong kong. Guy absolutely. We are watching it very carefully in hong kong. Lets get back to what is ha ....
David we are going to go to our colleague guy johnson, the nchor of Bloomberg Markets the european close. Guy the fed is talking about easing, the ecb talking about using. The market is pricing in easing to the expectation for the bank of england. That is really what the bank is noting when it talks about the tension between its brexit assumption, which is for a smooth exit from the eu, and the market is pricing in a much bumpier view of how that brexit story is going to develop. We have the unfolding of the conservative Party Leadership contest. Boris johnson expected to become the next Prime Minister, talking about a hard brexit. Thats what the market is pricing. They are having to recognize the difference in where they are and where the market is right now. The bank has been talking about rate hikes being necessa ....
they were down 9% today. this is the second worst performer in the russell 1000 over the past couple weeks. off about 30% of its value. i bring it up because i love the headline we had on the bloomberg terminal. wwe s stone cold outlook slams shares to a 20 month low. whoever wrote that headline, i will buy you a beer. scarlet: let s dive deeper into the action with our markets reporters tracking equities and commodities. abigail: it will be hard to beat that headline on wwe, but all new record highs for stocks, it is interesting because since of the breakout of the coronavirus, this is quite a chart. what we are looking at his we really have not had a true recovery. what we are looking at in oranges crude oil, down 13%, on the year down more. copper down 8.8%. china of course the world s largest user of natural hitting those commodities. those are also risk assets. at some point for the overall risk appetite. pink, down about 4%. s&p 500 with today s gains is .5%, eras ....
percentage point or two. you see that reflected in s&p futures, up about 1% on the day. not much going on in the treasury market. as a lot ofclines folks unwind some of those haven bids. take a look at what is going on yuan, a little bit stronger than that key seven level. pre-much everything rebounding as the sentiment shifts to a slightly more positive tone than what we had just a couple of days ago. exchangefor the global sonali: first we have some news coming in. we have phillips missing estimates, falling $0.04 short of what analysts were looking for. conocophillips here, keeping their dividend steady. shares before market rising a little bit still. we were looking for them to have results better than their peers. all of the oil companies have had a rough quarter. romaine: we are seeing that capex spending coming in pre-much in line with what analysts were much ing in pretty line with what analysts were expecting. some encouraging signs off of what is kind of a ....