Stay updated with breaking news from Brad jacobs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Higher. Eurodollar up by 0. 4 . Is the ecb getting worried at this point . 1. 2163. The dollar is broadly lower. The pound just taking out 1. 35. We havent been at these levels since this time last year. What is fascinating here is what is happening with bond markets as well. Weve basically got yields and stocks moving in the same direction. That is something that is pretty interesting now. It certainly points to this reflation trade at the moment, with the catalyst still having legs. Alix the question is how long is that last. Lets dig into some of the top stories guy was minting. Germany extending its partial lockdown. Sweden shutting some schools as well. Joining us with more is sam fazeli, Bloomberg Intelligence senior pharmaceutical analyst. We have seen more targeted lockdowns and extensions. Is any of that working now in europe . Sam yes, they are. Funny that we have countries going at different paces which is norma ....
Guy the university of michigan giving indicators of consumer confidence, pretty much in line with that except for the Current Conditions number, which looks a little light. It is up in terms of where we would expected to be normally, but nevertheless, you have an 82 print there but and citation of 85. 84 last time. At headline number coming in 72. 5, little lighter than the 72. 9. To 10ion 2. 6 five years years out. Basically everything in linux of the current number. Alix we are a little worried about what is going on. Underwaye call is right now, started at 10 00 a. M. They are reporting some good news in guyana. It has been a huge boon for hess is hard tobut it emphasize how bad this quarter was four at chevron and exxon, particularly with exxon not writing down any assets. Joining us is mark stoeckle, adams funds ceo and senior portfolio manager. It is always good to see you. I want to start on tech. Numbers were amazing. ....
The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financ ....
From istanbul to london to washington, our bloomberg voices are on the ground with this mornings top stories. We begin with a pause in the trade war. President trump hailed the signing of the 86 page document as an important step towards a fairer trade deal with china. We take a momentous step, one that has never been taken before with china, toward a future of fair and reciprocal trade as we side phase one as we sign phase one of the historic trade deal between the United States and china. Alix joining me on the phone from washington is shawn donnan, bloomberg trade reporter. What is the day to story the day two story . Some there are already question about chinas purchase commitments. We heard overnight a real emphasis on the role of the market in this, saying they will live up to these commitments if it is with Chinese Consumer demand and if the prices are right. That is ....