the german ten-year -32 basis points. what is that going to do at the end of the day if they rethink that inflation target? david: and what does it mean? peggy collins pointed out the u.s. is taking a look at the same thing because central banks are saying we had this to %,rcent, it is not this 2 it is not working out. do we have to take a different approach? phillip morris the latest earnings coming out. it really highlights those that can take this environment and deliver to boost their forecast, and those that just can t and don t have the pricing power like netflix. david: then you have honeywell somewhere in between. it beat on earnings-per-share, a little soft on revenue. it does seem to be weathering the storm of trade uncertainty at the moment. alix: in the market, let s look at how that push and pull is playing out. netflix well off the lows of the session. euro-dollar taking a steep leg lower on the news about that reflation rethink that inflation rethink by the
week s g-20 meeting. we are just higher on the s&p. we only need one basis points of gains the s&p 500 with a the dow is up and the high is up one 54 the nasdaq is just lower joinin us to break down the with these record highs for the value. what have you been buying this week question. we try to buy what others are sellin we are not momentu players what s out of favor is anything cyclic the economy will head south and you have defensive stocks at cheap. banks, pick out one that rules, but one is if you ever bank, that s almost always a great opportunity. gold men sacks is trading and you get the franchise for free that s only fractionall above. this i a broad sector sell dow or is it goldman sax-specifi a timing situation. as you know, the market tends to focus short-term in the long run, the opportunity to buy these names is a great live during the show at 4:30 lots discussion on the storie of the day, bob pisani bob, l start with you. that s around indeterminat
we are also getting a report from the international energy agency and they say oil supply will swamp demand in 2020 and squeeze opec. we want to know whether this russia-saudi alliance keeps on taking hold. looking at gold, we re seeing risk aversion government gaming 1% and a bit of a depression in marketsith a lots of trying to figure out how much of global growth will be hurt. withg up, we talk coffee andrea illy. then we will be joined by the chief executive of luxury property developer north acorn. speak to a we visiting professor at the london school of economics. an italian flavor and many guests from around the world. let s get first word news from around the world. rivals to become britain s prime minister are reportedly holding private talks about joining forces to stop boris johnson. this is after he took a huge lead in the first round. his rivals are so far behind that some are discussing consolidating campaigns. more votes are scheduled for next week. the u.k.
lisa: in the markets come a tepid action across the board. on futures up slightly constructive talk about trade. stocks in europe a little higher. the euro gaining barely, basically flat. i think the biggest story of the day is crude. you did get a read that production out of the u.s. was more than people expected, setting prices a little lower. david: it is time now for the morning brief. u.s./japanese trade talks get underway in washington today. in san diego, the jury trial to resolve apple s patent dispute with qualcomm gets started. chinay evening, we get numbers for overall growth, as well as chinese retail sales and industrial output. thursday, u.s. retail sales numbers for last month are released. friday, it is the good friday holiday, with markets closed, but u.s. housing data expected nonetheless. lisa: let s get the bloomberg first take. for that we are joined by peggy collins and lou cobb. of course, there is the imf meeting that happened last week. one of the sta
cpi numbers. we heard jay powell over the weekend saying inflation subdued. alix: in the markets, it s all going to be about brexit. is this when i can finally start ignoring the headlines again? s&p futures flat as we wait for that vote. the cable rate is flat now. it is paring back some of those gains. we had a big selloff in the bond market, particularly over in the u.k.. what does that say about growth and inflation? crude up by 1%. venezuela is all the talk here. the secretary making some headlines yesterday about venezuelan oil. david: in the meantime, time for the first take. we are joined by rachel adams and romaine bostick. we got that midnight news conference out of theresa may and jean-claude juncker last night. crucially, what are the requests that parliament had? it should be possible to replace the backstop with alternative arrangements. we have secured a clear timetable that enables the backstop as defined currently to be replaced with alternative arrangements.