Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
Stronger dollar story. People are still going shopping in the u. K. Retail Sales Numbers really strong in the u. K. Yields up by around two basis points. Much more on that in just a moment. Most the yields rose the it almost a year. Abn egypt air an egyptair flight has gone missing over the Mediterranean Sea. We have the latest with riad hamade in dubai. Please tell us what we know at this point about this egyptair flight. Unfortunately, we know very little. It took off from paris, disappeared around 2 30 a. M. Egypt time from the radar. Airbus 320. Is an it was given to egyptair in 2003. It is not a very old airplane. The pilots were very experienced. Right now, the militaries of egypt and greece are searching forn any debris. David weve heard president that no causeris has been ruled out. Was it at cruising altitude and what was the weather like . Riad as far as we know, the weather was good. This is from the air traffic controllers. It was at cruising altitude come a sudden disappea
At central banks. There is that allimportant g7 meeting where we talk about currency wars. We just found out in the last couple minutes that according to egypt state tv the Egyptian Military saying it has found part of the wreckage. Tom these two headlines are coming up across the bloomberg. What i find fascinating is the different treatment in waiting thehis plane crash and speculation about terrorism within the london newspapers and the new york papers. It is amazing how this tragic event translates differently across the atlantic. Francine that is something we will have to explore further. In the meantime, lets get straight to bloomberg first word news. Vonnie breaking news on the missing egyptian airliner. According to reports from egypts broadcaster, the military has found wreckage from the plane off the coastal city of alexandria. 66 people carrying vanished while flying from paris to cairo. Thereiation minister says is a chance that terrorism knocked the plane out of the sky. La
Up. 8 30 in the u. S. , Consumer Price index. Finally. A look at inflation that is not affected by the weather. Inflection. A little 10 00, Richmond Fed Manufacturing activity and existing home sales. The bell,efore cocacola, mcdonalds, lockheed martin, verizon. After the bell, microsoft and electronic arts. Prince george turns one today. Very important. No question about it. Today have any idea what is coming . The Birthday Party was a huge hit. Lego party. When i was a kid, i had legos. I made them take my bucket of legos in the car for car trips. Not sure my dad appreciated that. N ive stopped many a toe o legos. Bonds, currencies, commodities. Market is turning. Futures advance, 10 year yield under 2. 50 . Euro weaker and hyper carbon euro weaker and hydrocarbon elevated. Vix churn. 12. 821, pretty good, equities have been resilient. Dow above 17,000. Yen weaker after two days of strength. Gold strength. Scarlet will talk about the german 10 year yield. Heres the dollar, spiking hi
Pipeline black sea pipeline. Directd have been a more route to europe. The eu rejected because it would have reduced ukraines leverage against russia. Oil rally did not last long. Down,exas intermediate falling for the fifth time in six days after a 4 gain yesterday. European benchmark rent is also down. President obama says he will work to ease tensions. Give Police Body Cameras and promises that will be tighter oversight on how much military Equipment Police forces can buy. Of rioting in ferguson, missouri. The president met with civil rights leaders at the white house. The americanart of family does not feel like it is being treated fairly, that is a problem for all of us. It is not just a problem for some. It is not just a problem for a particular community or demographic. U. S. Attorney general eric holder says the Justice Department plans to take steps racial profiling. Maybe shoppers have outgrown cyber monday, it rose 8 . Esterday analysts say you should not be surprised. It ke