Leave rates at zero through 2023 that lit a fire under the 10year yield. Take a look at the 10year treasure true yield. This morning it was at. 91. It it spikes 2 basis points up to. 93. It has moderated just a bit, but still as fear. Seeped out of the markets, that yield was higher. The prospect that money will remain cheap to borrow is definitely certainly a boom, but it was during this News Conference where the dow, the s p and the nasdaq along with the russell is taking aim at a report close, all of these indexes came off their lows. The dow turned positive a second ago. It needs a gain of 18 points, the s p needs to see 7 points to the upside its already up 10 to see new records. Look at financials. They were all negative before his speech, and right now most are positive. Lets call citi flat on the session. Gold, interesting behavior here. Gold yesterday moving higher, and we do today see the yellow metals continuing to jump another 9. Commerce bank is calling it at 2. 000. Bitco
A fox business exclusive with the ceo on the muchneeded money the frenchowned bank threw in to pull it off in a new york minute. Plus, the Restaurant Industry paralyzed by the coronavirus lockdown but the Chipotle Mexican Grill ceo still has customers lining up around the block in their cars. Brian nichol with us live on the successful shift from casual dining to Curbside Pickup among the covid19 challenges. Lol surprise dolls were the hottest toy on the market last christmas but could next years visit from kris kringle already be in jeopardy . We have the ceo of lol and bratz dolls on helping First Responders even as his Family Member clings to life and his business is a little rocky. Its a Small Business rescue loan money now slowing and when we might all find out what Warren Buffett is doing with his huge cash pile. Less than an hour to the closing bell. Lets start the claman countdown. Liz all right. We just have gotten this breaking news. New York Governor Andrew Cuomo moments ago
He also said g7 leaders could takegree on what it would to invite russia back into the group of leading democracies. Abeident trump and shinzo are hoping to make their trade agreement a done deal. That is when they are planning a signing ceremony. Onan will cut tariffs american beef and other agricultural products. That will help farmers hurt in a trade war with china. Meanwhile, the u. S. Will hold off on imposing tariffs on japanese cars. Brazil president joe your bolsonaro faces domestic and International Pressure to combat the crisis of wildfires in amazon. He pledged action to control the fires. The u. S. Has offered its support to tackle the disaster. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. York, it is 1 00 in new 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here a
Tariffs put on hold as china agreed to buy more Agricultural Products in exchange for taking smartphone maker huawei off the u. S. Blacklist when it comes to u. S. Companies selling to huawei. But were told that huawei was a National Security threat over and over again over the last few months. Which is it . Former deputy trade representative is here exclusively to explain how huawei could go from enemy number one to just another chip in the trade war and it went so overnight. July 4th fireworks turning out to be a dud for the dow. We do have good news. The good news is the s p 500 right now is on track for its 95th alltime record high close since election day. If you just look at the dow which is up 42 points, it was within 28 points of hitting dow 27,000. That was before noon. Nearly all of those 290 points in gains have shrivelled away. Plus are American Farmers the big weekend winners . Which farmers . Very unspecific right now. We will pick some of the winners here. Irans Nuclear