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What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the ne ....
Germanys business conference figures that is a test below figures. Figures. H low a lot of numbers out there. The ecb is what people really want to know about. The treasuries edging higher. A surprise in ecb policy that will play out on eurodollar. Currently at 1. 1126. And the weakness of that economy. This ahead of later mario draghi. We will be seeing that press conference. Lets get to bloomberg first word news with viviana hurtado. Viviana Boris Johnson clearing out more than half of theresa mays top team. A stream ofidating brexit enthusiasts into his cabinet. Becomes l counselpecial u. S. Robert mueller largely disappointed democrats with his testimony yesterday. Some wanted him to read aloud potentially damaging parts that he declined. Trump. Resident Donald Mueller didnt offer any clues. Bernie made off asking trump to shorten his 150 year prison sentence. The 81yearol ....
That. Surprised at david who do you it was directed to . [laughter] alix probably President Trump. David you think . Alix but it isnt the first time we have seen resident we have seen president s talk to fed chairs. It is the first time i think i have seen a president say we will fire you publicly. Alix in the markets, if you are an equity trader, you are probably breathing a big sigh of relief. The question is, is this a bit of a relief rally or did we finally find some sort of a bottom . S p futures up 8 10 of 1 after the worst two days of this year. Eurodollar flat. A record, still seeing low in the bond market, so it feels like the same story, maybe just a pause. David now it is time for bloomberg first take. We are joined by Stephanie Flanders and marty schenker. Lets start with this announcement. The Treasury ....
And town but not out walmarts ceo admitting his company fell behind amazon but now the pressure is on to play that catch up game. And finally peter thiel doubling down on his attacks against google why he says the search giants dealings with china should be a huge red flag for the feds its tuesday, july 16th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange from wherever you are in the world you may be watching. Im dominic chu in for Brian Sullivan live pictures here, a screen shot of capitol hill where today congress will be Holding Hearings on Big Technology well take you there live in a moment first heres how you and your money are setting up right now the Global Markets ....
Destroyed its new missile. Missiles are capable of carrying nuclear warheads. And are hard to detect. Educe the warning time he declined to give details, but underlined that nato had no intention to deploy nuclearbased missiles in europe. Tonight, Democratic Candidates holder first debate hold their first debate. Elizabeth warren will be the only top democrat to take the stage tonight. The House Oversight committee has voted to subpoena Kellyanne Conway for testimony. She is of violating the hatch act. Week, the special counsels office recommended that conway be removed from federal service democraticging candidates. [no audio] tracks and off the it has raised concerns about the impact on various forms of wildlife including dangerous species. Endangered global news 24 hours a day, powered by more than 2700 jour ....