Macys, looting as well. Tension across the city, no question about it. You opened correctly, which is this is not just about new york. It is not just about washington. It is about cities across the nation, the horrific events in buffalo and those tragic deaths in chicago as well. Jonathan for programs like this where we have to cover the markets, you have to stress to the size that this equity market just feels totally removed from the mood of this country right now. We talked about yesterday, and no doubt through this morning as well. Tom i am not going to mince words. Ive witnessed this before i was born with my grandparents. One set of grandparents completely removed from the depression, worried about the stock market. The other set of grandparents going, what are you, nuts . It is true futures are up. It is truly risk on. I would note brent crude get a near a 40 per barrel print. Jonathan a weaker dollar in the mix as well. Lisa, we heard from the president yesterday evening. A lot
Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua in london. 0. 6 . 600 gained there is a fine thing going on in the market. If we look at last week, there was a huge volatility reserve. Have yields rising equities rising at 12 eurodollar, 1. 2492. The yen, we have a lot going on in the japanese market. Coming up on bloomberg , we have an interview with the Standard Life ceo, Martin Gilbert, after shares were hit this morning. , we are joined by the ceo gen. We also speak with diego entini, formerly of amazon and lets get to first word news with nejra cehic. Nejra president zuma has resigned, ending a 10year run hard by scandals. He disagreed with the ancs decision to throw him out, calling his treatment unfair. They must ric choose a replacement for him in 30 days. In mylife should be lost name command also, the anc should never be divided in my name. To thetherefore come decision to resign as president of the republic with immediate effect. Nejra Pre
I am mark barton in london. And i am Francine Lacqua, right here in rome. We have been in rome the last three days. When you look at the markets, they seem very calm. Be buying some of the bonds to keep that safety blanket in check. We will find out more on thursday, when i am sure mario draghi will be fielding a lot of questions about the political upheaval here. One thing i keep being told over and over is that investors burned by brexit are still burned by trump, but this time took the right positions. Timetable. Talk when will lindsay step down as Prime Minister . Francine at this point, we dont know. We know that the president met with the Prime Minister, matteo renzi. We understand they met twice yesterday, once in the morning and once in the evening, around 6 00, 7 00 p. M. The second meeting was quite long. It lasted an hour. Matteo renzi tendered his resignation, with the president saying, hold on. I need you to first pass this budget law. Means that failing passing of the law
We are about 30 minutes into the training day in the u. S. We are right now on the second day of losses after fridays losses. That is happening in part fisher of vice chair saying potentially there may be a rate on the table for later this year. We are seeing this waiting on the boards right now. The dow is up i about a third. The nasdaq is closer to the zero line. Rate on the table for later this year. We are seeing this waiting on the boards right now. The dow is up i about a third. Ae nasdaq is the dow is off t third. We do want to talk about mergers and acquisitions because it is a true m a monday. Talking about visor and it bid for medivation. This is on track for a record close. Look at the function. It looks like it is at the highest jump since march 31 or so. Billion,valued at 14 81. 50 per share. A are gaining a Prostate Cancer drug. Analysts are predicting by 2020 will pull in 20. 3 billion. Cst, Canadian Tire up with brands, up by about 10th of a percent. This is in regards
Are half an hour into the trading session. Julie hyman has the latest and a different picture today thanks to mario draghi. Some also thanks to retail earnings. Seeing an overall lift in stock markets. All three major averages are trading higher. If you take a look at my terminal, Consumer Discretionary and utilities are the best two performing groups. Consumer discretionary gaining along with those earnings. Utilities doing well as we continue to see that slump in bond yields. We are seeing quite a lot of news coming out. It plans toouncing buy back 12 million of its share. Foot locker out with numbers that Beat Estimates. The shares are rising after it raised its forecast for the full year. The company is putting itself up for sale. That rising in terms of retail. More news in retail. Even though the Company Numbers missed estimates, it cut the fullyear profit forecast. Finally abercrombie fitch, a lot of optimism. It is finally taking hold. Hollister sales, up 3 better than estimate