And infections surge around the world with outbreaks and 65 countries. Withe a 50 jump in cases 34 people know dead. Well, what a day. Take a look at markets right now. Lets start with bonds. Were going to take a look at the aussie three year, hitting a record low at. 35 . The aussie 10 year, pretty weak. The new zealand 10 year also slipping. Were seeing yields on bonds falling to levels previously unseen. Barrel. Ude 49 a wti is below 45 a barrel. Lets check in on currencies. Dollargot the kiwi trading like this. Coming in betterthanexpected , 2. 6 . But this predates the coronaVirus Outbreak. Weve seen exports rise in new zealand to 1. 7 . The yen was a big mover, strengthening 3 against the u. S. Dollar. That trend looking to continue. A 54ussie dollar has handle, and that happened after we got those absolutely shocking pmi numbers out of china for february. So, hows that setting us up for Equities Trading around the region today . New zealand up and running and off 3. 2 . We have
The jobs number did not disappoint. Pretty impressive. We not only had a stronger report but we had a revision higher for the prior number. Dont write off the economy just yet. It has a lot of fundamental strength. The u. S. Economy is very resilient. They are a lot stronger than people think. The fed is in a good spot with what they have done and where the data is. I dont think the fed does anything differently other than pat themselves on the back. A pat on the back for chair powell. This is a pictureperfect soft landing is what they are track for. Jonathan joining me around the table in new york is bob michele, priya misra, and gershon distenfeld. Priya, a solid payrolls report. I thought we would start by making up excuses for a weak jobs number. We got a strong one. Priya we went in looking for a weak number with the gm strike. I dont think the number told us a whole lot. We have known the labor market is very strong. It is slowing. I think the big question, is the Global Growth s
We know it is absolutely face. Al given what we simply put, the trump budget takes a sledgehammer to the middleclass and working americans and lavishes tax breaks on the wealthy and imagines all of the ask a new deadline increase for hoax of the breakthrough greeks has to receive the next batch of bailout loans this summer. A broad settlement could be reached when finance ministers south africas ruling National Moving jacob zuma this week and according to people familiar with the matter, his march filing of the finance minister and the nations ensuing credit downgrades as increased opposition to the president. This due to step down december and as president in 2019. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Live from bloombergs World Headquarters in new york, i am julia. Scarlet i am scarlet fu. Joe im joe weisenthal. Stocks to alltime highs. The question is, what did you miss . Calle
Of Consumer Spending. Many Factory Services continued to show modest to moderate gain. Construction expanding, Energy Activity generally improved except for call. Employment continued to show modest to moderate pace of expansion. Industriesge of reported, difficult to find qualified workers, particularly for construction and i. T. Jobs. Labor shortages are a barrier to expansion. Case, thet is the labor market continues to tighten which groups only at a modest to moderate pace for low and high skilled workers. Overall prices continue to rise modestly across a majority of districts. In some districts, they may ease. Report thatoderate should have a modest impact on wall street. Mckee. Ks so much, mike lets get a check on where stocks are trading following Janet Yellens testimony earlier. Julie more reaction to janet yellen. We have got the dow that has flirted with a record close today. We have included here. Big and small, looking good. Today. Aining by 1 for the fourth session after t
Of Consumer Spending. Many Factory Services continued to show modest to moderate gain. Construction expanding, Energy Activity generally improved except for call. Employment continued to show modest to moderate pace of expansion. Industriesge of reported, difficult to find qualified workers, particularly for construction and i. T. Jobs. Labor shortages are a barrier to expansion. Case, thet is the labor market continues to tighten which groups only at a modest to moderate pace for low and high skilled workers. Overall prices continue to rise modestly across a majority of districts. In some districts, they may ease. Report thatoderate should have a modest impact on wall street. Mckee. Ks so much, mike lets get a check on where stocks are trading following Janet Yellens testimony earlier. Julie more reaction to janet yellen. We have got the dow that has flirted with a record close today. We have included here. Big and small, looking good. Today. Aining by 1 for the fourth session after t