Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We probably will end up with a standstill agreement. Not to disagree so violently that trade talks break down. You get a reset to restart the discussions. Further discussions. Further meetings. Well continue talking. If things go bad, we could be panicking on monday. Lets say theres an escalation. They storm away from the bargaining table. The fed will probably cut by 50 basis points, not 25 in july. You dont need tariffs to go away. The fed is going to be dovish. Taylor joining me in new york is ken taubes, david leduc, and coming from our Princeton Bureau is ira jersey of bloomberg intelligence. David, let me start with you. We just heard about the g20. We were talking as we were coming into the show, whats the key risk or questions youre hearing from clients . Is it all about the g20 . Yeah, the key questions are whats going on with the g20 and more b
Nonopec allies. We are already seeing demand pick up, refineries that had been in maintenance have come back we Inventory Data out of the u. S. Prove what i said, that demand is picking up shares in Funding Circle plunge after the online lending platform cuts its fullyear revenue forecast in half and blames softer demand for loans as we mentioned, its been an interesting day for european bond yields. You can see the italian, spanish and portuguese there, theyre all at record lows really significant numbers if you think about the context. Over the last ten years, in germany the negative yield rising slightly back towards zero down still at 0. 36 . You can see the ftse 100 is in positive territory up 0. 5 . Similar story with the ftse mib. In germany and france, both of those indices slightly below the flat line. Lets look at the u. S. Markets over the course of yesterday we saw extraordinary numbers with the s p 500 hitting a record high the dow jones also up more than 0. 4 the nasdaq t
The lack of bad news is probably good news. Kicking the can down the road will be just fine. We will end up with a stand off agreement. Not to disagree so violently that trade talks writedown. You get a reset to restart the discussions. We will continue talking. If things go bad, we could be panicking on monday. Lets say there is an escalation. They storm away from the bargaining table. That that will probably cut by 50 basis points, not 25 in july. , the dont need tariffs fed is going to be dovish. Taylor joining me is ken taubes, david leduc, and coming from our Princeton Bureau is ira jersey of bloomberg intelligence. David, we just heard about the g20. Coming into the show, what is the key risk or questions you are hearing from clients . Is it all about the g20 . Questions are what is happening with the g20 and more broadly, trade policy, trade risks in the market. The other thing they want to know about is the fed, are they going to cut Interest Rates this year, how are these rela
Was checking in around 6 00 a. M. To squawk box but still looking up road map this morning, it starts with a potential trade boost, stocks as you saw pointing to what would be a pretty good open at least if youre long after treasury secretary mnuchin said there is a path to a deal with china. Plus, trade head winds hitting home, fedex saying the ongoing disputes are creating, quote, significant uncertainty for its business outlook. Micron surging this morning, this on strong Quarterly Results. The chipmaker also resuming some sales to huawei and forecasting demand recovery this year. Stocks are looking to rebound this morning, this after treasury secretary Steven Mnuchin expressed optimism about trade talks in a cnbc interview. Here is what he told hadley gamble in bahrain. Im hopeful we see a deal there needs to be the right efforts in place this isnt a deal for having the sake of a deal we were about 90 of the way there. There is a path to complete this but well see where we get. Quo
We start with the big issue. Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We will probably end up with a standstill agreement. Not to disagree so violently that trade talks writedown. You get a reset to restart the discussions. We will continue talking. If things go bad, we could be panicking on monday. Lets say there is an escalation. They storm away from the bargaining table. The fed will probably cut by 50 basis points, not 25 in july. Taylor joining me in new york is ken taubes, david leduc, and coming from our Princeton Bureau is ira jersey of bloomberg intelligence. David, we just heard about the g20. We were talking coming into the show, what is the key risk or questions you are hearing from clients . Is it all about the g20 . The key questions are what is happening with the g20 and more broadly, trade policy, trade risks in the market. The other thing they want to know about is the fed, are