Pray to dear god. In the pandemic expires despite a soaring. Were looking at just about the sins of thousands of families in households many for the 1st time in their lives and there has not been a response in terms of how we will address our courts open back up. This is anti international. The feud between the worlds 2 largest economies china the United States is ratcheting up in a cold war style standoff less than an hour after chinese officials had left their consulate in houston following Donald Trumps order to close up saluting u. S. Authorities and officials were seen forcibly entering the building. Often the group of man was probably trying to break into the facility using tools before the nannies to enter officials the scene trying 3 separate entrances without success and his consulate staff were departing the building on friday a crowd of anti beijing protesters gathered outside while cleaners were seen taking out the rubbish at the u. S. Consulate general in the chinese city
[background sounds]. [background sounds]. Before we start the program, i have some announcements, for summerlike design earlier this week, open registration for our 22024, Charlie Allen Achievement Award know and its working to come these words spotlight the outstanding work being done by the early to midcareer professionals across our Community Event will take place on the thursday february the 15th oversee army navy and arlington and our keynote for that will be mga deputy directive tonya several celebratory evening and my opinion is one of the best events of the year and its really uplifting just to hear the stories of the six awardees what they been doing such an early point in their career predict i will detail on this are available the website and also, you may have a set on this or got in the way or perhaps you spilled some jelly on it or something, but in yourt. Seat yu willin find copies of our 2023, annual report and it really gives you a great idea and a sense of our members
A big week is ahead on economic data. Coming up at 10 a. M. Eastern time, construction spending, tuesday, u. S. Markets will be closed for the fourth of july. Then wednesday at 2 p. M. We get the fomc minutes from their june meeting and thursday at 815 in the morning eastern time it is employment data. That is ahead of the jobs report in the United States. Forecasts,for data will be out on friday. Leadersfriday, the g20 will be meeting in hamburg. At the top of the agenda will be havingith Angela Merkel a premeeting with President Trump on the eve of the summit. She is urging everyone to seek a winwin as she puts it. With us is Bloomberg International economic and policy correspondent mike mckee. What are the chances . Low. As long as they can play to a draw, maybe they would be happy. They will have an enormous amount of problems there. It is not just the agenda. A big problem obviously because of the United States and what has been going on. It is not just the u. S. Take a look at th
The monday session could stocks are rising after falling. These currencies are falling against the dollar with yields rising in greece and portugal, and switzerland. Manufacturing expanded the strongest pace in over six years. Factories across the region taking on more workers to deal with surging orders. Growth rates improving in most of countries including france and italy. Signaling expansion since the last time in 2015. Signaling that the recovery in the eurozone a strengthening after years of subdued activity and muted inflation. Bring on the next ecb meeting. German 10 years inching higher, up 48 basis points, levels we have not seen since march yieldsng the big in from those hawkish comments from draghi. All the volatility, that included what is being called a for sigma move four do sigma being called a four sigma move. Some traders are getting excited about bonds. Star beforeft their inflation between the 2 target. Mark says went 10 year yields did break higher, the moves were
The dow gaining to a record high, but not holding on. The sector groups are performing well today, you can see there are for Industry Groups lower and seven higher. Energy and financials leading the way. Financials expending extending their advance. This is after the big u. S. Banks pass the stress test and got approval to return cash through dividends and buybacks. Plenty of things for investors to like about financials, including rising bond yields as well. Terms of Actual Company specific news, quite a few developments on the m a front. Online personal finance Company Getting taken over by red ventures for 14 a share, and allcash deal. Eq to getting a boost up by 2 took a 12 partners stake in the company. It wants to separate its operations incentivizing bryce energy. And carmakers coming out with news today, elon musk indicating through twitter that the model three sedan is ahead of schedule and will probably come in on schedule. Company hasr the missed to so many deadlines when it