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welcome to countdown. i am anna edwards. it is 6:00 a.m. in london. through what has been happening in the markets. we want to start with the chart we have here. the u.s. equity market, the s&p 500 over the past three weeks. highlighting the roller coaster timeframe we have seen. yesterday, u.s. stocks were little changed. a with salt session. whipsawtouched a session. the s&p touched. apple was a big lagarde yesterday. the dollar may be listening to the dollar may may be listening to the commentary from the fed coming through this month. general strengthening in the currency. that is not seem to be applied to all of the asset classes. hawkish commentary yesterday talking about the risk of asset bubbles. oft was the fed story another. asian stocks are down for their third weekly loss. corporate earnings disappointing. the boj has been speaking in japan. dollar-yen is at 108.8. heading for its second weekly loss against the dollar contrasting central-bank helices in ....
bottle. we seem to like to talk a lot about alcohol on this program. let s head to the markets desk where julie hyman has the latest on that. i don t want to speculate why. julie: i think it s obvious although i m disappointed if it is 35 grant a bottle, we will probably not get a taste test. let s take a look at what s going on with averages. a pullback here after a big update for stocks yesterday. we are seeing selling despite what was largely a morning of stronger than estimated economic news. even industrial production came in better than had been estimated but that is not helping stocks. the imap for the groups on the move, consumer staples pulling back the most today along with health care shares. consumer discretionary lower. ofrgy industrials are kind limiting losses we might otherwise be seeing overall. i did want to talk more about home depot. is it a bright spot in retail? not if you go by what the shares are doing. they are pulling back. on the one hand, hom ....
stocks are going to end. ceo jimin charge, moran, joins us later in the program. first, markets. david: in the markets this morning jonathan: in the markets this morning, s&p 500 futures down. over in europe, a day of gains. the ftse up 510 and the dax up 1/10 of 1%. we will get through the other asset classes for you. cable, big story. the pound at 144 as i speak and the euro at 1422. 47 .75.ti up about 1/10 of 1%. around the world and check in with our bloomberg team for in-depth coverage of our top four stories. mike mckee on a barrage of u.s. economic data this morning. guy johnson has details. will kennedy is in london for the latest on the oil rally and home depot beats the street. we will break it down with matt townsend. in new york. plenty of economic data including consumer prices, and housing starts. michael mckee has great sense with his presence. this is all about inflation. how decisive will today s cpi really be? , for two t be decisive reasons. the fed ....
we are getting breaking news. eurozone pmi manufacturing service figures. a touchhanged at 53.1, below estimates, but not by much. manufacturing pmi fell to 51.5, also lower than expected. we were expecting 51.9. remember, anything above 50 still means we are in expansion, however we are seeing a little bit more of a fall than was expected. this is the picture for euro-dollar. we ve had a lot of currency moves, as a lot of central bankers were in japan. you can see euro-dollar 112.14. this is. european stocks falling. .19.e oil, 48 it data briefly sink below 48. emerging-market shares extending the rebound we saw on friday. i also want to show you bayer, making an unsolicited $62 billion all-cash offer to acquire monsanto, as shareholders worry about overpaying and valuation. let s get to the first word with nejra cehic. nejra: thanks. the u.s. economy should be solid enough to merit an interest rate increase this year, and the central bank won t cave to political press ....
brexit and the bank. mark carney is back in brussels. how hard willie how hard will he hit the league camp this time? we are a half hour away from the european open. how do we think and s or shaping up? how do we think things are shaping up? .3% here in europe. the euro stoxx are down three .3%. we finished in negative territory yesterday. euro-dollar, keep an eye on what is happening with the dollar. it remains a focus for investors . the dollar getting a little bit of traction. brent trading come still 4794. gold trading down and 3%. trading down .3%. keep an eye on what is happening with the turkish lira today. we are going to get more information little later on. what is the future on one of the moderate reformers? we will talk about that later. that s get you caught up. here is bloomberg first word news with juliette saly. juliette: china may need a bailout worth trillions of dollars. that is according to an analysts. of the risk from china s credit binge. ....