Im Francine Lacqua here in london. These are your markets. You see a little bit of a lift to the markets. 0. 2 . 600 gaining a little bit of optimism that the trade war between the u. S. And. China is not getting worse. There. Worse. Ing there is also a little bit of optimism after we spoke to the boston fed president , Eric Rosengren. Conte, thecting mr. Prime minister of italy, to address the senate later on. Coming up, our exclusive conversation with bostons fed president , Eric Rosengren. We will hear a lot more from him about the inverted yield curve. Lets get to the bloomberg first word news. Leader,kongs embattled carrie lam, is trying to end over two months of protests during new dialogue. The protest began over opposition to a controversial extradition legislation. They grew to a wider antigovernment movement. We will start immediately a platform for dialogue with people from all walks of life. This is something that we want to do in a very sincere and humble manner. I and my
Morning, bloomberg surveillance on bloomberg tv and radio. Your equity markets are highly unchanged. We start in the bond market, twoyear, fiveyear, 10 year, 30 year. Cycle highs. Tom global wall street is focused and quickly nonglobal wall street will get focused. There has been a shift. It could be because of israel or this, that, or the other thing. Statistically we reached a tipping point. Jonathan is this a substitute for further reaction from the Federal Reserve . Lisa you will be speaking today at noon. Yesterday tom barkan said that the problem with allowing the long and to do the work for you is that it moves. Although right now it seems to be moving in a more restrictive place. Im curious. The fact that we had risk off yesterday and at the same time we saw bond yields reach the highest levels going back 16 or 17 years across the curve, what does that tell you about the new haven status about the treasury market . That is going to be an underlying angst. Jonathan the communica
This is the final estimate. The earlier estimate was 56. 2 as well. The euro area pmi rising to 57. 5. The preliminary, 57. 5. Across data, flooding the eurozone today. As upn see, stocks are trading lower today, down for the third day surrounding optimism for tax reform in the u. S. Dying down. Before we look at sterling against the dollar, down by 2 3 f 1 , yesterday we were up 0. 5 . yesterdayp by 0. 5 and today we are down by 2 3 of 1 . Today talks will continue to get a conclusion of these talks. Nymex crude oil is down by 0. 4 . It rose by 1. 7 on friday before Government Data forecasted crude stock piles decreasing for a third week. A busy, busy day coming up on surveillance. We are going to speak to Stefano Domenicali later. Well get the outline of the Aviation Industry later. Trumps travel ban takes full effect while legal challenges go forward. It hands a victory and suggests the court will ultimately uphold the restrictions. The president can now restrict muslim basedx count
We are printing, following higher euro markets as well. You have killer pmi data coming out across the board. Services are stronger in europe. That leads to a selloff in all the major developed markets, and courtonds developed bonds in europe as well. The curve is moderately steeper, and crude, only 4 10 of 1 , but almost 52 a barrel. What does that mean for production . David the saudis do not mind. Alix and at the top of Global Growth is copper, up 1. 3 , at 7,200 a ton, a big move for copper. We will discuss that Global Growth story. David lets find out what is going on outside of the Business World with emma chandra. Scott it has emma it has been a dramatic split between President Trump and one of the former architects of his campaign. He says steve bannon has lost bannond, after insulted his family in his book. Congressional leaders have signaled progress on a budget agreement needed to avert a Government Shutdown this month. There is no deal yet. Among the deals being discussed,
After the big gains for u. S. Stocks yesterday. A big swing to a rebound yesterday. Youre seeing bouncing around occur today, and that has been characteristic of the past week or so. Swings between gains and losses that finally ended up with a big gain by days end. Nasdaq lacking today even as the s p and the doubt gain for dow gain. The major averages from a percentage changes as of days. Obviously, we saw a big moves the past several sessions that are clearly more muted, at least thus far, in todays session. We have to offer that caveat because we have typically been seeing big action as the day goes on in recent sessions. As for the earnings winners that you heard vonnie talk about, snap is seeing an outsized thing with the 33 boost after the Company Reported earnings that Beat Estimates for the First Time Since its ipo. We will dig more into that in a little bit. We will also dig more into those disney earnings. Disney shares have been bouncing around a bit. On the one hand it is s