Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields making those new kind of 15year highs, you started to see
Manus you are welcome. It is the pulse. Were live from bloombergs European Headquarters. It is me, manus cranny. Keep an eye on cable. What youve got is a dullest is g what you got traders are pricing in over more than 80 probability of a rate cut in august. Anglo american down 6. 3 . Iron ore production false 15 . There cutting their copper production target. Management. Capital change at man group. A man he goes manny goes. Often pimco. Off to tim . Near changes with me. Nejra good day. Donald trump has told supporters he is going all the way after securing the nomination. The tycoons a son made the announcement at his home state of new york. Trump supporters are looking to get the convention back on track after an opening day rocked by questions over whether Melania Trump plagiarized her speech. The turkish lira is close is trading to an alltime low as the purge of the countrys institutions deepens concerns about the fallout from last weeks failed to. Appeared to visa central bank l
A beat for sap. The Software Maker tops analyst estimates. We speak to ceo bill mcdermott. We are less than a half an hour until the european open. Lets have a check on how futures are performing. It looks like a day of green, a day of gains. Click on the futures button on weei. The ftse 100, slightly underperforming. This could be related to the minors, bhp billiton showing less production than expected. The minors. R we are getting some big beats when it comes to the earnings season. Goldman sachs, microsoft among them. The s p 500 has been in terms of profit. Guy guy looking forward to carrying on the conversation surrounding the earnings story. We will have more on that with bill mcdermott. 0. 3 on unchanged, the german 10year. Dollaryen, keep an eye on that one. An interesting survey talking about the fact that we could see a fall of 5 . His will be interesting to see as we work our way forward on that one. Lets get you up on what you need to know. Heres our first word news with j
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Ruben Estevez, an FDNY radio technician who claimed he has been bullied, harassed and assaulted by the vice president of his union, is still working in the same office as the union official, months …