court today trying to get his sexual assault conviction overturned. the comedian is serving a three to 10 year prison term in pennsylvania. cosby claims a 2004 encounter with a young woman at his home was conventual consensual. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i m mark crumpton. this is bloomberg. it is 1:00 in new york, 6:00 in london, and 1:00 a.m. in hong kong. i m vonnie quinn. welcome to bloomberg markets. from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world we are following. argentina s president mauricio macri losing a primary vote by a landslide with the october election looming. markets are taking notice. default risks are soaring. northern argentina, u.s. stocks are dropping on thin trading. at and executive spent tens of thousands of dollars on a new name. all that in the next 30 minutes. abigail doolittl
a lori warm welcome to the pulse. i m manus cranny. let s take you to the site of where the next debate on greece s future will take place. this is the german parliament where we expect the debate to start. already, there s a little bit of this and within the german ranks a little bit of dissent within the german ranks. a member of merkel s christian democratic union, the systemic importance of greece for the eurozone hasn t been demonstrated. there can only be one vote, and that is no. how many of the german parliament will vote against the outline basis for a great deal? the german lawmakers say their country s 86 billion euro a package today. let s move it along and get to our reporters. we are going to cross to caroline hyde in athens, paul gordon in frankfurt. caroline, let s kick it out to you first. i love the line that i heard this morning. you were given a hotel bill. on that hotel bill, the rate has changed already. caroline: not happening across the board. many
the euro coming low once again. phenomenal. we see the euro being seen as a haven. we are currently up almost 5% in the euro. were choosingthey the euro instead of the pound, the frank, the dollar. now, we are seeing it take lowered. lower.o is going meanwhile, commodities recovering ever so slightly. what a selloff we saw. crude was at 38.72. still below the $40 a barrel mark. nevertheless, a little bit more optimism coming in. copper is basically flat this morning. it had been taking that little bit higher after the dramatic selloff we saw. that has been playing into the equities that i want to show you this morning because we have had some phenomenal earnings coming out. the big minor, bhp billiton among them. we will see it move higher. because it keeps its dividend promise. to theemaining committed dividends. they are reducing production in the oil and gas area. production cuts and our other three pillars. iron ore, coal, and copper. 52% slump in profit. sales down in ex
of this , beatingclimate 108.3 estimates and expectations. and the estimate was for 102. francine: better than expected. if my calculations are right and they may be wrong part of the survey was done in the first couple days. the for the market rout bef ore the market rout. expecting to be lower than estimates because of the china factor. but confidence at 108.3. manus: chinese shares have plunged again. routteepest four-day since 1996. the markets europe, have rebounded. we have more on that with caroline hyde in a moment. we also have richard frost. he is in hong kong. what is behind today s rout? richard: yeah, hi. fairly astonishing day giving the heaven losses the heavy losses we had. decline. what appears to have happen is after the government expended so much energy and funds to shore up the market following the rout last month, they seem to have disappeared. heavyat we ve seen is losses with some of the largest companies, including petro china, china s large
china s late rate cut. the asian market had to wait to this morning to react to that. let s get to david inglis. the s&p 500 futures in indication of how the u.s. might go. how was about playing out in asia? david: similar. what we saw in asia was the futures down. as the morning progressed, things did get slightly better. let s talk about the shanghai composite first. it is having one of those violent sessions, it opened slightly higher, swung down 3.5%, went down to about 5%, now we are up 2% for the day. one cut, thank you, but analyst pointing out for us that he is saying yes, rate cuts help.but trading will 29.93 is the, number for the shanghai composite. japan is the big player right now. this is what is really listing the asia-pacific benchmark at this point. have a look of the japanese currency weakening right now. money is getting out of risk back into the securities. 119.69 is the number right now. that being said, you put all of this together, it should be a much b