After the election we start off with the stimulus shocker that sank stocks melissa, the president announced this on twitter saying that he had made a generous offer, but that House Speaker nancy pelosi was not negotiating in good faith. He wrote trump had a call with the treasury secretary and the Top Republicans in the house and senate to talk about another relief package mnuchin and pelosi were to get on the phone to hash out a deal, but clearly that has been upended. Pelosi was in the middle of a call with her caucus when it came out i am told that privately she responded by questioning the president S Mental Health and suggested that it may be impairing his thinking what she said was melissa, pelosi and ma knnuchind a phone call at 3 30 was there any indication she what give in i dont think she was willing to do that a shocker out of d. C. This afternoon. That had an Immediate Impact on stocks which saw stocks immediately reversed i think brian was the only guy on the desk who said
Billion in the biggest ipo ever. Opec cuts a deal to cut output target. Were live in vienna. China handling request for tariff waivers on soy purchases. Safety first. Uber reports more than 3000 Sexual Assault claims globally last year. The chief legal officer called it a reflection of society. Matt, good morning. Matt im looking at the u. S. 10 year yield, among other things, hovering around 1. 8 . And hell see this flatline for a while today. A lot of times, traders will turn off their algorithms, their Computer Trading programs, right around the jobs announcement and try to get a human advantage for the few moments its possible in these markets. Movehen this number will if we get a shocking jobs number one way or the other. Were looking for 183,000, but the whisper number is only 140,000, so at least bloomberg clients who participate are looking for a lower number. Take a look at the features this morning, what weve got in terms of european futures, as well as u. S. Futures. We do s
Largest ipo but falls short of the 2 trillion target positive signs of a trade deal as President Trump says talks are moving along well and beijing says it will wave tariffs for some u. S. A agriculture al products. In a deal worth 3. 2 billion pounds for the Phoenix Group it is the last trading day of the week you can see behind me, there is a lot of green already in the european heat map. This is after the positive hand over from wall street. Some optimism again about those trade talks. New comments from President Trump saying the trade negotiations are on track and going well that gave a boost to wall street overnight as well, we are seeing positive momentum. Here on some reports from the Chinese Finance Ministry saying china are willing to make exemptions the narrative about trade has switched to positive again we still have a lot of green on the board. Stock 600 up about 0. 3 percent ant point. Despite the red we saw in asian markets, it has been a heavy week for Global Markets. T
Expectations china vowed to retaliate against u. S. Tariffs set to go into effect september 1 were now on track for a higher open lighthizer said its not possible given your past behavior so an awful lot to absorb today. Very interesting that the futures are up exactly the amount they are right now. They issued a very strident set of words toward us at the same time, announced stick l stimulus for hong kong where is what the president said on twitter what happened and without that, i think theyre going to view the olive branch of moving back to december as an illadvised move because the chinese arent playing ball were going to have Chuck Robbins later on this hour the chinese derailed their outlook. Asking them not to bid on business things are getting very, very tense. If we let that dominate the headlines and forget to look at what walmart said today, i think well have a false narrative because of how bad things are. Remember, we are not a big export nation. But yeah, the gloom is pr
Escalation. Central bank decisions. Trade uncertainties are accounted for. Later in Bloomberg Technology global link, we will break down disneys earnings. Now, lets get you started with a quick check of the markets close tuesday session. Some calm returning to the markets. The stocks rising, the dollar studying. The search we saw in treasuries peering back a little bit. The s p 500 being led higher by tech and financials. Every sector of the s p 500 was in the green, except for energy. Oil slumping into bear market with brent falling more than 20 since its april peak. Not even the fact we have eight straight weeks of declines in u. S. Stockpiles helped debt those losses. The nasdaq gained 1. 4 . The dow up more than 300 points. U. S. Futures at the moment not doing much, but lets see how we are setting up in asia. As we saw markets fall to the lowest point in weeks. Sophie we saw the asia benchmark fall to the lowest level in nearly seven months. Futures this morning pointing to a mixe