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Little ahead of expectation. The employment number has picked up a little bit as well. But you need some real analysis on what is happening here. Theres one man to ask, mike mckee, bloombergs International Economics and policy correspondent. Michael read into it what you want. The numbers for ism do come in at a headline level lower than the last month. 56 last month, 55. 4 this month. It would suggest a be a little slowing, but that is the statistical anomaly probably. It isnt a major change. We see drops in new orders and production, but those were very healthy. For for new orders, 61 production. It is not positive. There is still some contraction, but it is up to 49. 6 from 46. 4 . It does suggest some progress in adding back some of the jobs that were lost. Customer inventories is an interesting category a lot of people has been what a lot of people have been watching. Do you need to increase manufacturing to replenis ....
Treasury market. Unbelievable moves. Commodities just keep getting crushed. Crude is at 40 have dollars. Time not is at 45. Tom never global exchange. Our bloomberg voices are on the ground with this mornings top stories. In asia, new cases of the coronavirus continue to appear outside of china. New zealand and lithuania have reported their first infections. And cases anda, south korea have gone to over 2000. Joining me is stephen engle. That is the case outside of china. Theresns that if 83,000 globally, thats more than 4000 outside of china. Chinas rate of new infections has been slowing down. New cases since yesterday, but south korea nearly doubled that in one day. They reported another batch of new numbers on top of the numbers this morning. They added 571 cases from yesterday. That means they have more than 2100 cases and climbing. Japan also climbing towards 1000 confirmed cases, 931 if you 700 from the cruise ship off yokohama. Tokaido has declared a state of emergency the day ....
Good morning welcome, im Courtney Reagan in for Brian Sullivan what a day it is shaping up to be again today, but looking different than what we saw on monday well kick off this morning with a tuesday turnaround dow futures are pointing higher indicated higher by more than 900 points 920 points at this moment. The s p 500 indicated higher by more than 104 points and the nasdaq up by 323 points. We have a lot of hours left until the opening bell sounds but this is come after the worst day for stocks with the dow falling more than 2,000 points in a single day. The selloff triggering the first halt to u. S. Trading in 20 years. As it stands right now, all the major averages are in correction the dow transports and the russell are in bear market territory down more than 20 from recent 52 week highs. Same thing goes for energy financials, industrials, materials and tech all those ....
What we are looking at is a sixmonth chart of the s p 500. We are looking at treasury note futures in white. That is actual price. We see coming out of june we have treasury note futures basically flat and rallying. Stocks went sideways. In september ec a strong downtrend. In todays pullback for bonds ec the downtrend really holding. It could just adjust. December could be what history are,sts decembers relatively strong. Michael one thing we dont talk about is the indian stock market. Etf trading today, msci indian etf is a standout. Very strong move today. Indiaof speculation the bank will cut Interest Rates by 25 basis points tonight. One thing that really stands out you look at the benchmark index in india is its evaluations. It is trading near a record local currency basis, but the evaluations have really sort. Index not trading in more than 29 times trailing earnings. You can see the top line. What is more interesting is the ....
Around the world, from riyadh to london to new york and washington. Bloomberg voices are on the ground with all of the mornings top stories. We want to start with breaking news out of london, where the labour party says it will support a general election. Boris johnson will try for the fourth time to secure election. Joining us now is emma chandra from london. What just happened . What is the lineup today . Emma we are seeing the pound off aftergher, paring spiking higher today. Saying they will now back in early general election, saying that conditions that a new deal brexit be off the table have been met. S is key because ivan the because even though the Prime Minister is asking for a general election again today, one that requires a smaller majority than yesterday, hed still needs some opposition support for that bill to pass. We understand there will be a vote on that later today. It would set the date of a new general electio ....