Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Roundtable with tomand trend locked together. Daschle and trent lott. Jonathan very quickly, a big print in the eurozone, core inflation a fouryear high. , up. 6 . Gh on the euro treasuries on offer at the margin. Of the Market Action. Lets get you up to speed on the top stories. Here is emma chandra. Emma President Trump warned there could be a major conflict with north korea if diplomacy fails, telling reuters the u. S. Would love to solve the issue peacefully, but said it is very difficult. At the United Nations Security Council today, secretary tillerson will try to showed north korea the world is against it. In france, the president ial election is a week from sunday. At a rally and nice, Marine Le Pen did not mention her plan to pull out of the euro, but said macron lacked french fry use. Tell thes are ready to u. K. They are united when it comes to brexit. There will be a summit in brussels to discuss the uks departure from the block. They will warned the u. K. Against trying to
Demands. Welcome to bloomberg daybreak europe. I flagship morning show in europe. Im manus cranny. We have a cracking lineup for you today. The much anticipated g20 summit kicks off in germany. Matt miller is on the ground. We are going to break down the fx markets. We are going to be joined by the former u. S. Deputy treasury secretary, robert tinted to put politics and g20 in context. The and besser of the the ambassador of the United States, what better man to put the geopolitics into context . And stock markets, the german bunds market, does it really ignite the bond market around the world . Lets show them at the bottom of this screen. After hours, they hit the highest level since may. This is treasuries and equities, down to more than 1 . Does the bond market trigger liquidation to cover the margin calls from your bond market snap. Thiswas last time you saw kind of combination. That was referred to as a taper tantrum. That was the federal reserve. This time you are looking at a c
Streak yesterday look at whats been happening with the markets youll see overnight in asia, you can see what happened with japan. Down by 0. 4 hang seng slightly weaker. As the president is preparing to speak in poland, market theres are a bit weaker dax is down by 0. 6 . The cac is the biggest decliner, down by 0. the ftse is off by a half percent. Crude oil prices, which yesterday fell for the first time after eight days in a row of gains are up once again a gain of 65 cents to 45. 78. Sorkin, is he back tomorrow no. He may be back on monday not sure i will tell you about the three big stories. I hit this up to see what three big stories. Look how much i have to read look at that im looking on my machine about what is heavy duty lifting that youre feeling i dont even have andrew i even want him to come back to take no ill do this. Ill give it the Royal Treatment it deserves. The enthusiasm here are the big stories today tloos three of them. New this morning a crash test brings into q
Almost a week having gone by we are two, four six. We are now 2. 389. Lets get to our road map this morning. As you expect it starts with the employment number. A steady increase in jobs added last month. Unemployment ticked down to 5. 3 . Perhaps some worries as the Participation Rate slowed. As we head into the weekend, no deal insight for greece. Finance member is threatening to quit if the vote is yes. We will get information live from the market. Deals continue in health care and paypal buying zoo. Here are the numbers for the jobs. Nonfarm payroll, up 223,000. Gains in april and may, revised downward. The Unemployment Rate fell to 5. 3 a sevenyear low. The labor Participation Rate declined as low as it has been since 77. Wage growth stalled. Average Hourly Earnings came in flat. Later this morehour, we are going to look at the obama administrations numbers. We sat down here. He said not so great. Not so great on the headline number. A little disappointing. Still under 2000. They