How has his week been . Francine it is been a tough week. Lets putain said, the scandal and angle over one of his top advisers driving to his family home in the middle of a lockdown, he is hoping with the gradual reopening of the economy people will be behind him more than they have in. They have been. There is a big figure in terms of euro area inflation close to zero which will put pressure on the ecb to act next week. Tom no question that disinflationary tendency of may with every indication will migrate into june. The jobs report front and center a week from today. Now, our first word news. Ritika in minneapolis, the third night of violent protests over the death of george floyd, a black man who died in police custody. Protesters torched a Police Station and businesses were burned. Moved to other cities. On twitter, President Trump blasted the mayor of minneapolis , called the rioters bugs, gs, and threatened to call in the national guard. The president signed an executive order to
Good morning, everyone. This is bloomberg surveillance. There is quite a lot of going on in the markets. It is what is happening with crude oil, 59. 21. That is nymex. Brent is much higher. We have to look at some of the prices at nymex. It is having a huge impact across the board. We are seeing stocks relate to oil price as well. If we have a look at the airlines that have been impacted. Lets get that board up, ryanair down 2. 7 . Bp worried about possible shortages. We will have a lot more on the story. A lot more on the barranco attack. Get to thets bloomberg first word news with viviana hurtado. Viviana would begin with Boris Johnson. A law would stop him from forcing through a no deal brexit. We have been told he will reject any deadline extension. Ahead of the Prime Ministers first negotiations today with European Commission president. Over to hong kong, this we can protesters set fire to a subway station. Police hit back with tear grass and Water Cannons. It is now into its four
Minutes into the trading day in the u. S. Julie things are looking a little bit worse than one hour ago. We have negative buys and stocks are relatively unchanged, but you can see the trajectory going lower. It is more easily seen if you look at the futures so you can see the rolling over that we saw going into the open into the cash trading session we bounced a little cash trading session. And weced a little lower have seen yields had higher. The manufacturing data coming in slightly ahead of estimates and we globally have a little bit of a bounce in yields today as chinese manufacturing data, better than estimated. We have selling of bonds globally. Bloombergp on the shows out dish chose how this is playing out on stocks because groups like utilities and telecoms had relief yesterday as yields went down. Now that yields are backup the stocks are back down. That is what is pulling the stocks overall lower. Some of the individual movers include coach and some of the other luxury makers
Weve seen a lately last hour selloff in this market. And we wonder if that will happen today on a month when this is usually the best month of the dow. Its been a forgetful month. But not for the Corporate Bond market. Pace record is being set and broken. Well see if that brings out the buy the dip. Interest rates are still historically very low. Its very cheap to borrow money for corporations right now. Weve got a lot of Market Information to get to over the next hour or so here. In a down market, this stock is bucking the trend. Dont look now but apple is surging again. Its now north of 550 and climbing. A ton of news driving it. Take a look. If theres still time to buy the stock at these levels. You could have gotten 100 more cheaply. More people bought it last year at 750. Theyre waiting for it to get back to that level. Saying pretty please. Also, very serious story out of motor city. Detroit is now broke city. A judge ruling a little a few hours ago the citys bankruptcy can go fo
At a time in which theres been no cataclysmic event that forces us into reforming or renewing these institutions, but a clear recognition that the institutions are becoming increasingly less relevant and increasinglyless capable of addressing some of the very large problems and concerns that the world faces. And be so our ability to kind of reestablish momentum in the u. S. brazil relationship and to insure that it gets back on the kind of meaningful tack that i think both of our governments and our societies want is going to have a big impact on our ability to conduct this kind of long diplomacy. Because ultimately, many, many years from now as historians look back on this time, much of what we consider to be important will not be seen as important. In fact, much of what occupies our every day will fall away and become the chaff and dust of history. But i think what will be remembered and what will be judged by historians is our ability to accommodate these rising powers to transform