Volatility . Time now for global exchange, where we bring you todays market moving news from all around the world. From london to frankfurt, beijing to hong kong, bloomberg voices are on the ground with this mornings top stories. Want to start in hong kong, where the high court is set to allow the government to reinstate a law banning protesters from wearing facemasks. Earlier in the week, the court ruled this very law unconstitutional. Or Bloomberg China editor leigh joins us on the phone. Came after chief executive carrie lam imposed this mask ban last month by invoking a colonial area Emergency Powers for the first time in a halfcentury. The court struck it down earlier this week and said it was unconstitutional. It has been flouted by protesters who continue to wear masks to shield their identities from police. This comes ahead of sundays district elections here. They are not only a lowkey offense come up at time they are happening after more than five months of protests and a coup
I am Katie Greifeld in new york. Welcome to bloomberg markets. We are charging to the finish line this friday. The s p 500 is higher by. 9 . Matching my shirt. If you look at the nasdaq 100, big tech is up 1. 4 . We got some earnings last night, and they were pretty good. Look at the bond market. It is interesting. You have the 10 year yield lower rate by six basis points, even though the core pce price index, the feds preferred gauge of underlying u. S. Inflation, was rising at the quickest pace in quite a while and actually beating expectations. Bloombergs mike mckee joins us to break it down. Walk me through this Market Reaction. Michael the Market Reaction is interesting. We are at status quo after the pce numbers on wednesday. We just got some interesting information from the university of michigans survey that shows people think that inflation is still going up on a oneyear basis, up to 3. 2 from 3. 1 . The fed is not going to like that. No change in the five to 10 year inflation
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