We are thrilled you are with us on Bloomberg Radio across this nation and worldwide, and on Bloomberg Television as well, and on a friday as we leap into june. We are looking at any number of topics. One of the great things we know is the twitter uproar, and then the tragedy we see in minneapolis, and then china front and center. President s press conference, believed to be this afternoon. Jonathan and what is the focus of that News Conference going to be . It is going to be it is supposed to be on china, but i imagine we get distracted by domestic issues quickly. We have rebuilt this Risk Appetite in the more cyclical areas of this market in the last couple of weeks. It comes at a time when tension between china and the United States is building. I think that is a really interesting compare and contrast are that 60 minutes. Tom for our global wall street audience on television, on radio, theres no question it is a reset for june. Many people thought this pandemic would be over in june
Affect business and Consumer Sentiment and Investor Sentiment. A chorus of asian bankers saying theyll take action and the bank of china also places easing china sectors and auto sales plummet. U. S. Futures turn higher after joe biden takes texas. California is still too close to call as the former Vice President gets into the super tuesday spirit it is a good night and seems to be getting even better. They dont call it super tuesday for nothing. We have a very busy show talking about everything from super tuesday from that surprise rate cut for the month of february, we have the final Services Numbers that came in at 52. 6 versus the flash estimate of 52. 8 the final Services Number lower than the estimate. As for the composite number for february, 51. 6 this data is now beginning to look outdated given the extent of the slow down given manufacturing and supply chain and coronavirus. The impact will show up in march. Worth baring in mind that we did fleetingly start to see European D
Have set new alltime highs today with corporate earnings sending some mixed messages to investors. And the target miss rippling through the market, were seeing some take a hit. Joining us for the full hour, paul hicky, cofounder of the spoke Investment Group do you see any interplay between these big stories that were watching today so i think combined, they play into themes that weve been looking at coming into the year. So the pros and cons of the market heading into 2020 now, were pretty much evenly split. And the target could be a sign that maybe the economy is a little bit weaker than people are seeing were seeing weaker than expected data. On the positive side, were seeing the market continue to hit new highs. And the number one positive we look at is dont fight the tape. When we see new highs like this, you dont want to fight the market and trade is important its not necessarily a positive or negative, but at least weve got this behind us and theres very little in the way of exp
David when will we hear the arguments . They are in resets until they are in recess until tuesday at 1 00. What happens until then . Firstwe will see the response from the white house to the Senate Summons by 6 00. By 5 00 tomorrow, the house will have to file its trial brief. The White House Defense team then has until monday at noon to file its trial brief, and by monday at noon the house to respond to the white house summons. Then by tuesday at noon, the house to respond to the white house trial brief. We could get a huge amount of documents between now and the start of the trial at 1 00 on tuesday that reveal exactly how the president s team plans to defend him and how the house plans to prosecute their case. David as i understand it, the senate has not yet decided the rules they will follow. Mitch mcconnell will dictate it. They have to vote on it. Is that what will come up first at 1 00 on tuesday . Anna that is our expectation. Looking for the resolution from mitch mcconnell. Wh
Gerri willis on the floor of the new york stock exchange, blake burman at the white house, and susan li standing by in the news room, make we start with you. Having just emerged from the west wing deirdre and melissa let me lay out the facts right now that we know it. We know that President Trump has been meeting with his trade team or at least met with his trade team earlier today to discuss a way forward whether or not that they would go forward with the december 15 tariff and other options relating to china. At this point, we do not have an announcement from the president from the white house, or any other branch of the u. S. Government there is a phase i trade deal ready to sign between the u. S. And china. Also we havent heard from china anyone with the Chinese Government say that there is a deal to be signed either. We await that. Having said that though i can tell you speaking to one source familiar with everything that has been moving here especially in the last 24 hours that s