Dubai drops nearly 5 and egypt slipped 6 . Today in an unprecedented third election in less than a year. The political deadlock finally broken . 8 00 a. M. Across the emirates. This is bloomberg daybreak middle east. Im manus cranny in dubai. There is one word reverberating from the fed to the bank of japan. The word is appropriate. Appropriate actions to support the markets. The bank of japan will make sure ample liquidity, appropriate action and so the s p smell the sweet wisp of the put option around the world. The bank of japan injects liquidity, Goldman Sachs says there will be three rate cuts. Has anything structurally or fundamentally changed in terms of risk of a Global Pandemic . Probably not. Lets talk to Juliette Saly in singapore. Chinese stocks are starting to roll back to life. Are we putting in a bottom . Manus cranny juliet a huge game for the csi 300 and for once, nothing to do with liquidity. Instead, the bet we will see more government stimulus after the shocker pmi
Today Interest Rates are spiking, stocks are mixed one week before Third Quarter earnings barrage. A closer look at futures, where we see the dow industrial up a fraction but the nasdaq negative and s p 500 plot of three and half points. The ten year yield is now around 4. 7 . The tenure topping 4. 7 yesterday for the first time in 16 years. The two year nearing 17 year highs sitting at 5. 1 to 3 , the yield in tenure 4. 704 this morning, that is up to have basis points. Jay powell hears from fed Small Business owners in pennsylvania yesterday about the impact of higher Interest Rates and higher prices overall. The chairman reiterates that the fed will take inflation down. All of this ahead of the august jolt report out this morning at 10 00 a. M. Eastern and ahead of fridays jobs numbers, 170,000 jobs into the economy in the month of september, lets check the price of oil another pressure for the market recently, oil prices this morning are mixed with crude oil at 8891 ahead of an ope
Be the next one, this spread. Wti versus brent. U. S. Oil versus european oil getting more negative as we go. That means brent is seeing a nice rally. David President Trump addressed the nation to lay out plans for afghanistan saying the United States will remain committed, but not engage in nationbuilding. President Trump America will continue its support for the Afghan Government and the Afghan Military as they confront the taliban. We are a partner, a friend, but we will not dictate to the Afghan People how to live or how to govern their own complex society. We are not nationbuilding again. David joining us now is bloomberg chief washington correspondent kevin cirilli. Give us a sense of what the president was trying to accomplish last night and did he get that done . Kevin the president facing intense scrutiny following his response to charlottesville. He no made no direct mention to it, but essentially said he hoped to unify the country and then he pivoted to Foreign Policy and sa
The European Union. Tune in to what he thinks. Sounds like you stuck it in over the weekend. Heres something you dont see everyday. An Industry Group asking for war regulations. They want regulation of the banks. They want more regulation of Fintech Companies in particular. Cam fine will join us to explain after the bell. We start with janet yelllye speaking. The latest market data raised the latest favorable possibility that firms may have instead have decided to expand their operations more slowly, and i intend to continue to pay close attention to developments in this area. So many think a june rate hike is off the table. Lets ask. We have cnbc contributor jack. Welcome, everybody. Eugene, first to you. Just as we were anticipating a rate hike, now it looks like its off the table, or is that your opinion . I think they have decided the glass is half full. The Interest Rates are not going to be going higher but im more tepid than that. Im looking at the economic data. I think the fed
Theyre looking for the race for commanderinchief. Candidates. Were tracking the live power radar and how the day will shape up. Hope youre having a great sunday morning. Im brody oconnell. Good morning im lyndsay tapases. Its 6 00 a. M. And field like 5 00 a. M. Im so grateful to change the time i didnt see who did it. Jeremy takes care of us. Way to go. Because thats the worst when youre looking up there. My phone clock go there the outside of the phone has changed like my internal clock when i open it up hasnt changed. But your alarm was fine . I couldnt sleep because i was afraid of screwing that up. Im more wide awake than i usually am because i never fell enough about us. Sunrise will be seven 36 and sunset at 7 30 so we finally got that extra hour in the evening which is great but were not going to see the sun today so were going to have a cloudy and wet close to the weekend. Well show you the radar and what you can expect for the second half of the weekend forecast in a few. Sou