Half of next year. Time for todays global exchange. From dubai to frankfurt, to brussels to london, to Rio De Janeiro and princeton, new jersey, our bloomberg voices are on the ground with this mornings top stories. In turkey, the lira is gaining against the dollar following a 200 basis point cut. Joining me with more from dubai is paul wallace, bloomberg emerging markets reporter. Is this going to be enough president erdogan . Paul that is a key question. The lira has barely budged despite that 200 basis points cut being more than markets expected. Analysts were expect and about 150 basis points. The lira has had to endure a lot in the last six months. Erdogan has sacked his central bank governor. Since then, the new one has overseen a whopping 1200 basis points of rate cuts. Amazingly, despite all of that, the lira is actually up against the dollar since the end of june. We will have to see what erdogan thinks of this latest move to see whether he is satisfied that it is enough, or w
Earnings here for twitter. Monetize a bill daley active users actually came in soft. Monetize a bowl monetizeable daily active users actually came in soft. That stuck down a whopping 10 now in premarket. Coming out ofbers twitter. In the markets, we are still going to be waiting and seeing what happens with marios press conference. With Mario Draghis press conference. The rate coming in now at 14 . There had been concerns because of conflict with syria that they wouldnt be able to cut rates because of volatility and we can inflation, but it appears they were able to do that. The ceasefire coming yesterday, sanctions being lifted by the white house. It is a 200 to be basis point cut for the turkish central bank. Time never the global exchange. We are going to bring you time now for the global exchange. We are going to bring you the mark moving news from around the world. We started in europe, where the regions economy continues to struggle. Rose,rea composite pmis missing estimates, but
Tenyear. But get you up to speed on top stories. Is taylor riggs. Federal reserve policymakers signaling there will likely be an increase next month. Their most recent meeting shows that officials are looking for stronger science of their rights. Want people want to see inflation on an upward path before another rate hike. Tomorrow, zimbabwe gets the first their first new president for a few decades. The the new could country as a democracy. He had fled after being president bite fired fired by president robert who got a, who will not face prosecution. In the u. K. , conservative party makers are delighted with a by hammond, who targeted Younger Voters with tax biggestand promised the Homebuilding Program in almost five decades. Conservatives lost over brexit. In germany, chancellor Angela Merkel make it a partial lifeline from democrats. Social democrat leader Martin Schultz is prepared to offer a limited support for a fourth term. According to people familiar with this plan, schultz
A big week is ahead on economic data. Coming up at 10 a. M. Eastern time, construction spending, tuesday, u. S. Markets will be closed for the fourth of july. Then wednesday at 2 p. M. We get the fomc minutes from their june meeting and thursday at 815 in the morning eastern time it is employment data. That is ahead of the jobs report in the United States. Forecasts,for data will be out on friday. Leadersfriday, the g20 will be meeting in hamburg. At the top of the agenda will be havingith Angela Merkel a premeeting with President Trump on the eve of the summit. She is urging everyone to seek a winwin as she puts it. With us is Bloomberg International economic and policy correspondent mike mckee. What are the chances . Low. As long as they can play to a draw, maybe they would be happy. They will have an enormous amount of problems there. It is not just the agenda. A big problem obviously because of the United States and what has been going on. It is not just the u. S. Take a look at th
Had a slight beat on revenue. But they did better on earnings per share, 1. 24 as opposed to 1. 19. Thats the first of several to come. Now we want to go to our morning brief. Were going to continue with retail sales reports, as we have macys out at about 8 00 this morning eastern time. 30 minutes later, its weekly initial jobless claims in the United States, plus Producer Prices coming up for the last month. And at 10 00, as alix mentioned, bill dudley holds an economic briefing on Regional Wage inequality. Finally at 1 00 this afternoon, the u. S. Treasury is going to auction 15 billion of 30year bonds. Throughout the day, people on both sides of the pacific are following developments in the potential conflict between the United States and north korea. To take us through the perspective from asia, were joined from hong kong by our chief asia economics correspondent. Give us a sense of how it looks over there. What are the possible effects that people are expecting of a possible confl