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500 on pace for their biggest quarterly gains in nearly 20 years, and the nasdaqs about to have its best quarter since 2001. We will break down all the numbers for you. While this quarter was rosy, the future might not be so bright. If you ask Federal Reserve chairman Jerome Powell, the fed head warning of an extraordinarily uncertain economic picture due to the coronavirus. Treasury secretary Stephen Mnuchin just wrapped up testimony on capitol hill, long day for them. We will go to d. C. For all the fireworks that happened in that room. Meanwhile, we are just nine hours away from the deadline for Small Businesses to tap into what is left of the Paycheck Protection Program. It still has more th ....
Here in the lion city, we know that stocks and bonds are getting sold off. We have not seen those in a while. We are seeing a lot of red. If you think about how we got that harder than expected u. S. Ppi hotter than every economist projections, it is raising concerns of a hawkish tilt from the fed. As we wait for the u. S. Central bank to connect those dots, we are already getting the Chinese Central Bank keeping rates unchanged on the one year, as expected, but this is appointing some corners of the markets that were holding out hopes of a reduction. Csi 100, hans singh dragged by tech names. You can also see in australia, the financial, the miningrelated stocks are the big losers today as we see iron ore approaching the 100 a ton level. On the japanese yen and chinese currency, we are seeing the dollar story play out, and the yen is in a tugofwar between the boj and fed, and the tiebreaker could come in the form of durango ....
Warns of huge consolidation. Opec dissents on the in a. Crude dissents under 50. Is saudi arabias oil minister calling the shots . A warm welcome to the program. Lets have a look on what is happening at the futures. We are not getting an incredibly strong picture from the futures this morning, i have to say. Weve got euro stocks up just a fraction at the start of the are p and trading day. The ftse 100, perhaps its a little bit on the back foot. Of getting a great deal momentum perhaps coming through from the asian session. We still have some big agenda items on the radar with the ecb meeting and the jobs report, plenty still to digest. Matt take a look at the nikkei, down 1. 6 . Take a look at the yen strength that we are seeing, 109. 95, how many yen you get for your u. S. Dollar. The aussie dollar on the other strength,owing some not the kind of strength we saw earlier in the session. We saw an hour ago a 1 gain against the greenback. 0. 5 . Only see it up losses in brent, the globa ....
In a word, meh. The big names discussing big challenges. Institutional investors are trying to deal with volatility using etfs and sharpening volatility. People out ofake their walks of life and say i am going to turn you into a political operative. The window of opportunity is closing. We need the resources so we can protect american women. Anna how chinas economic a celebration is driving a new car culture. 40 a year. Anna all straight ahead on bloomberg best. And welcome. Im an edwards. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets begin with a day by day but look at the headlines. With markets closed monday in the u. S. And the u. K. , the biggest news to start the week came from asia. The singapore listed commodity noble group is making headlines with the resig ....
Indicatere above 50 better conditions on the factory floor, below 50 indicates contraction or more pessimism. This is the third consecutive officialve 50 for the manufacturing pmi following seven consecutive months in negative territory below 50. What does this mean . In february and march, a bit of stabilization. Up in a bump manufacturing and sentiment as the government talked up the economy. Getting evidence that there has been a stabilization in manufacturing. 50. 1, that is not a robust number, but it is staying relatively stable from the last couple of months. , we are also looking at Services Come in below expectations. Pmi,is nonmanufacturing an index that has never been in negative territory below 50, but is trending lower. The previous month was 53. 5, so inittle bit of softening services, indicating property, telecom, banking, everything except traditional manufacturing , which tends to be more bullish in this new econom ....