The u. S. Team may ahead to beijing for new facetoface negotiations if talks over the phone go well this week. Shery later in Bloomberg Technology global link, we take a look at all the concerns around the facebook crypto push. Why analysts say libra is fanning the flames for critics. First, lets get you started with a first check of how markets closed on monday the u. S. We have equity markets fluctuating between gains and losses, just the finish slightly higher. Investors pretty much focused on secondquarter earnings. We had tech stocks leading the rally with the nasdaq up 2 10 of 1 . Steel stocks gaining ground after white house advisor Peter Navarro talked about an executive order to have Companies Use more domestic steel and iron for federal contracts. Pressure coming from the Energy Sector and financials. A mixed bag of earnings for citigroup which plans to kick off the secondquarter earnings season. Trading revenue dissing estimates. Citigroup leading the estimates. Every member
Investors and say it is a lowquality success. Talking trade again. To u. S. Team may have beijing for new facetoface negotiations if talks go well this week. Shery lets get you started with a quick check up on how markets closed on mondays session in the u. S. Ending slightly higher at record highs. We had a tech rally in the nasdaq gained. 2 . Energy sector and Financial Sector weighing on the s p 500, but aboved unchanged the 3000 level. We had citigroup of course reporting earnings. Theyre treating revenue their trading revenue missing estimates. Every member was under pressure in the session. Japan returning from a long weekend. What is the setup . Sophie nikkei futures in whileo trading flat contracts are falling in sydney and seoul. Gains, withresuming the nzx 50 attempting to breach the level again. The kiwi dollar is holding steady, holding onto the overnight gain as the Inflation Report reinforces the case for the rbnz to cut rates. On the central bank front, the rba polished
Caroline bitcoin hits a fresh record since its peak in november 2021. We will have coverage of the market and those meme coins in the rush. Lets first check in on these markets. Bitcoin is up, but the rest of the market trying to digest some of the runup we have seen. We focus in on mixed Economic Data today. The u. S. Showing some Services Weakness and we look ahead to testimony from jay powell, his semiannual experience in terms of the politicians. What will the grilling mean . How much will he be reticent to say that they are looking at those rate cuts anytime soon . We are looking at 1. 8 down. I want to focus on what is happening in china, the tradenames in the United States with a Golden Dragon index, off by 1 as we see a Growth Perspective coming from china. How will they get there . That ultimately what is the debt they are going to be fueling in terms of the focus on a i, on technology coming from china . Not enough to buoy the stocks and chinese names. Looking at the 10year y
Keeptened to derail a you i u. K. Deal with the eu. Anna good morning. This is bloomberg daybreak europe. We have been tracking the tax story. Manus had a bear in what we saw in u. S. Equity markets. What we are seeing an Asian Session is where we are headed in the trading day. Heain and the key role plays. The dow over 24,000. You the equity story from yesterday. We are expected to go a little lower. Keep an eye on what is happening in asia. Thetax story also affecting dollar. The broader story for the week is different. Keep an eye on treasuries. We saw treasuries holding their side. We have the oil price up around a third of 1 . Expected, i suppose you touched on those equity markets. How broad is your rally . Futures are at the bottom of your screen. How broad is the stock market rally . Heve put together the breadt indicator. This is where we are on the s p 500. H ismeasure of breadt expanding and a is usually a sign of good health. The realized correlation, that is an indication
Have orbited the earth. He died in december at the age of 95. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Caroline im caroline hyde. This is Bloomberg Technology. Amazon is ready for some football. It will take over for twitter as nfls streaming thursday night headquarters. Plus, the return of mcabee. Mcafee. It spins out as a Standalone Company once more. President trump is set to host chinese president xi jinping in florida. First to our lead, in an nfl showdown off the field, amazon has scored bigtime, winning the rights to stream thursday night football. It outbid other Companies Like facebook, twitter, and google to stream 10 of the leagues thursday night games. The prize did not come cheap with amazon paying a whopping 50 million for the oneyear deal. They allowed twitter last year to stream the games for significantly lower a significantly lower price. Joining us now, gerry smith