I am Katie Greifeld in new york. Welcome to Bloomberg Markets. It is a down day in markets right now. Take a look at the s p 500, down about. 4 . Even more so if you take a look at big tech. April was the worst month of 2024 and 30 minutes into the trading session, it does not look too high. I put bitcoin up just for fun because digital gold is not doing so hot right now. We are below 60,000 but we do want to get to some breaking data crossing the terminal right now. Mike mckee has all the details. Mike we have some numbers making the fed bank, what is going on here . Contraction territory. The forecast was down from 50. 3, so a much bigger drop than anticipated. This is not good news for the fed. We are seeing a resurgence in inflation, in the manufacturing area. The employment number goes to 48. 6, slightly higher from 47 point four, but it is still below contraction. We do see another decline in job openings. So, at this point, we are seeing fewer job openings and fewer people quitt
Agree on a plan as well . Greece. Is there for lets have a look at the euro. We are basically trading flat. Expectations were 225,000 jobs to be added. 200 15,000 jobs being added to the u. S. Economy. You are seeing the dollar trade flat today. I want to show you the Market Reaction on friday when we did see that sudden spike higher when we saw that number come in ahead of 200 thousand. Lets have a look at the commodity trade. The china effect. We are seeing copper pretty much flat. Not much of a selloff. We saw moves in the aussie dollar and the kiwi. When it comes to the recourses, pretty flat. Copper, resilient, moving that little bit higher. Lets look at what is happening in turkey. We are talking about geopolitical risks, tragic bombings in istanbul. We did see a move in the turkish lira. This is currently flat at the moment. The market taking it in stride. We have not seen turkish stocks react that wildly. Oil trading lower once again. More u. S. Rigs being added. Still, the sup
We see the pboc once again holding steady, keeping that yuan at a steady level. Yuanconomists saying, the can rise, it can fall, and we will combat both moves should we need to. The dax up 0. 5 . Big vote on wednesday. Angela merkel trying to rearrange her schedule to get this vote through, talking potential debt relief for greece. Trying to woo the imf to get on board with the third bailout being offered to greece. That third payment comes on august 20. We are higher across the board looking at the eurozone when it comes to equities. The euro is down against the dollar. Weve got Interesting Data coming out of the u. S. Later today. We got manufacturing, inflation, we also get fed president william, voting member, speaking on his view of whether has what happened in asia changed the Federal Reserve . Still about 5050 think we will get the goahead in september. Euro still slightly lower against the dollar. Lets have a little look at how the Chinese Renminbi is doing. Stability back on c
We have the world covered on daybreak asia obligated to crack down on hate. We have the will covered on daybreak asia. Betty we will have the latest on that tesla story. Tesla trying to save taxes. This is daybreak asia coming to you from bloombergs asian headquarters here in hong kong, where it is just after 7 00 a. M. I am betty liu. Yvonne i am yvonne man. Eyes are glued on china for the next 24 hours. Not only do we have this msci decision, but we will hear from the pboc governor as well. We do not hear from him too often, but it will be interesting to get his take now that it seems like the pboc is parting ways with the fed. They held off on raising those borrowing costs after the fed raised rates last week. Betty a lot on the agenda as you mentioned. We will be going through a lot of big corporate stories, including that story on tesla. Everybody focused on the Chinese Market and tesla being a tech movie has been a big today. How much a big mover today. How much of the impact wil
That should have a doubt about the prophetability under capacity, under pressure. They fall 8 in the Third Quarter with over capacity hurt hadding tick ing ticket prices. And says the bill should be reviewed but not thrown out altogether. There were couple of particular things we could tighten up but the assault on the major set of plans is greatly mistaken. And the new England Patriots beat the Atlanta Falcons and win super bowl li. Good morning everybody and welcome. Youre now watching street signs. Hope you had had a fantastic weekend. Got off to a little bit of mischief. And initially rising a bit and then we fell back just a tad. So stoxx europe up just a tad and that is reflected on the European Equity markets. The majority of europe trading in slight negative territory. A bucking trend in the ftse 100. By and large though a relatively be9 start to trade. You would have noted tat we saw banks rallying strongly on friday on the back of these proposed measurers from the Trump Admin