really being driven by the europe,sector here in particularly it is interesting to see the u.k. data at the moment. the u.k. underperforming in terms of what we are seeing. we spend a lot of time talking about crude in the last hour, $54 20 nine cents, we are up by 1.3%. alix: let s talk about that blue suite, the first quarter runoff was called for were not warnock. georgia, i am honored by the faith that you have shown in the and they promise you that tonight i am going to the senate to work for all of georgia. no matter who you cast your vote for in this election. alix: democrat candidate jon ossoff s leading income and revulsion senator david perdue in the second runoff risk, but very close. minority leader chuck schumer will hold a news conference at 11:30 today. joining us now on the ground in georgia, emily wilkins. when do we get the results? right now we are seeing jon ossoff about 17,000 votes ahead but the reason you re starting to already see democrats celebra
major hiccups. we now move on to the main event, tomorrow s e.u. council meeting. is, in theory, that should benefit the btp market. we will see what happens there. i think it is going to be interesting to see what comes through tomorrow. that could upset the apple cart in a significant way. over the next hour, we are going to be speaking to the e.u. commissioner for justice as we see a key e.u. court decision regarding data transfer across the atlantic. is he talking to the united states? what are they telling him? that is going to be an interesting question, to say the least. today we see bank of america wrapping up the early-season for wall street. shares and morgan stanley are higher on revit death record profit. this is driving a 73% jump in total trading. bloomberg the bank is well prepared to handle this crisis. what we designed was a business that in times of stress will be fine and when markets are volatile we would still perform well across the investment banking fr
deterioration here. we are suddenly down .6% having gone negative a few minutes ago. our bloomberg reporter is suggesting it is china s response to president trump s accusation. safeguarding it will its interest and offer countermeasures after trump sent, a letter to congress a strategic approach. we will see if this continues throughout the afternoon. 500 isow the s&p down .6%. the boston scientific is down 5%. best buy is down 5%, and many other companies. the 10-year yield at 66 basis points. dire economic data again today. justollar index, it was about 99 at the beginning of today s session. above $34 a barrel now. higher.long as it is let s talk about what is happening with the negative rates in the u.k. replicated over in the united states as well. the eurozone has that experience. tom withfrancine and the former governor of the bank of england. this was his take. i don t think it is credible to believe a long-term solution to the problems we are facing can be achieve
opportunities. the yuan went through seven offshore for the first time in a long time overnight. this, of course, a concerted effort to put pressure on the u.s. rollback of tariffs, in which case president xi would travel to the u.s. to sign phase one of a deal, or so we are led to believe. down. the lockup is expiring tomorrow. some are seeing a net negative, and could be a little but of profit-taking. guy: european stocks fading as well, now only up a little bit. it was a decent rally earlier on, but certainly fading, noun by 0.1%. the euro continues to languish, $1.1075. why hasn t it rallied more over the last month? the rand continues to make gains as well. didn t get a downgrade friday. we will go live to janice berg later in the program to johannesburg later in the program. reaffirmsxi jinping that his country would open itself up to trade even further. here to discuss all of this, jane foley, rabobank head of fx strategy. the trade rally has had a big impact on asse
leave the street. investors getting impatient for a turnaround. the ceo says this year will be the year. guy: let s take a look at what is happening in europe. european markets since midmorning have been rallying. we are still in negative territory. first thing this morning we went down. whether or not we get back to the flatline remains to be seen. that is the direction of travel at the moment. we are seeing the pound is rallying. we are up by 7/10 of 1%. is the happened here chancellor of the exchequer has stepped down. there was clearly a power struggle taking place between number 10 and number 11 downing street. we have seen that result now. there is a centralization of power taking place. the assessment is that his replacement is going to have little authority to resist boris johnson s desire to increase government spending. joining us now to get an assessment of this we have daily riley, bluebay asset management chief investment strategist. cracks it is a breaking story