Bloomberg surveillance, im Francine Lacqua in london. There is movement on the pound because what we heard from the boe. It has been absolutely amazing trying to figure out exactly the premise at which mr. Bailey is expecting the economy to do. We understand the bank of england is expanding stimulus as soon as next month to help the battered u. K. Economy. He once again reiterated that there is an unwavering pledge, which basically means that the market is taking it as further boe action possibly being imminent. Set and of england will asked if necessary to deliver the monetary and Financial Stability to deliver longterm Financial Stability. We are speaking to governor bailey later on. Know whether that means we have negative rates next, but certainly to have an impact on euro. I thing we have a data board for you. Is an actionfilled Currency Central Bank kind of day as we also heard of a lowered benchmark rate from norges bank. Lets get straight to the bloomberg first word news. Top t
And we have video of the chinese communication has been an issue, tax reform is hard to vice premier meeting with u. S. Communicate. Dagen wrote trump is his own communicator, he is the best trade representative lighthizer communicator. Right now, only video, american maria see you soon, have a great day, varney and Company Begins now. Video of the meeting. Treasure secretary Steven Mnuchin joined for dinner, this stuart history about to unfold deal pauses tariffs Going Forward but still 250 billion on varney and company. In chinese import under 25 dignitaries assembled in the tariff and another 120 billion under 7 and a half percent until white house for the formal signing of the china trade deal. It will be quite a show. The president , Vice President , cabinet, members of congress, Top White House officials will all be there and so will phase 2. He will consider releasing chinas toplevel delegation. The vice premier, the commerce tariffs as part of phase 2. So theres, nothing to do
Its worth the risk of a recession to get a big deal done out of control, Jeffrey Gundlach has strong words ahead of this weeks big jackson hole symposium and then tech under fire as well it is wednesday august 21st and Worldwide Exchange begins right now. Good morning here is how your money and the Global Markets are up, the dow will open up around 140 points the s p by about 17 and the nasdaq by around 63. We could get back most of what we lost yesterday. This after the dow and the s p snapped three day win streaks. The nasdaq coming off its first down day in three. The bond market certainly a key focus as well. And the current yield floating below 1. 56 . 1. 59 the last trade there, 1. 539 if you take a look at that yield, its maybe just a bit wider than it was over the course of the past couple of weeks. It is the president front and Center Taking on everything from trade war to the fed to the state of the u. S. Economy. Nbcs tracie potts joins us now from washington. So tracy we ca
Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the board. The biggest gainer of the three major averages is the cac up 1. 4 but you see gains of better than 1 for the ftse and dax as well take a look at whats happening with treasuries. Right now the ten year is yielding 1. 588 . So the yield picking up just a little bit the two year yielding 1. 539. Lowes is solidly higher on the numbers here 215 adjusted versus estimates of 2. 01 on better than expected revenue. A little bit anyway. The revenue is 20. 9 expected and 20. 94 to 20. 99 and then for
Wheel well, have the beauties arrived . Lets go guys, it s real while the skin sold you, so that he doesnt want to help us. It was he who warned that we would find out my friends do not make me wait long. Face the car and handle the car like this hands on the car. Well, bastard, what are the documents . Where are the documents . Where, where did you forget the documents . You dont remember, yes, the pistol under kort you will remember everything on the ground quickly. Do what he says . Oh, lie down lie down, i said, and you too come on, come on without warning. Well, the bastards did not work for a long time, they wanted to dump. But shit, to be arranged with their scumbag friends as paratroopers. You should have. What to kill yes, kill, please dont, we didnt want to. We were ready to work. Yes, they attacked us first, we did not ask. Be silent be silent this i have already heard. Do you repent according to work . Most importantly, i leave you life. But your debt to me will be eternal.