Time now for global exchange. We bring you todays market moving news from all around the world. Joining us from hong kong is enda curran, from saudi arabia we have in dipaolo, emma chandra from london, and bill faries in new york. A chinese trade delegation calls off plan to visit to american farms, according to people familiar with the matter, but the chinese official says the cancellation isnt indication of a negative turn in talks, saying negotiations on the agricultural area went very well, and the two sides held throw in candid communication. Enda curran joins us from hong kong. Give us the latest. Enda it does sound as though signals from the chinese side are very much that they want to manage expectations on track that they are making some progress. We had the Commerce Ministry on saturday making the point that talks with midlevel officials were quite constructive, and colleagues in washington are reporting that the next level of trade talks will happen around october 10, when c
Bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. Also helping, treasury yields as of now, not inverted. The dow industrials are going to be up over 200 points, probably erasing all of yesterdays loss. The s p up just short of 1 . The nasdaq up a full 1 . Going up at the opening bell. Now to britain. Boris johnson lost the vote on britain crashing out of the European Union. There may now be a general election and brexit may be delayed until next year. That means a trade deal with america is not coming any time soon. Now this. Winston churchills grandson, a conservative, voted against boris. Hes been expelled from the conservative party which was the party of his grandfather, winston churchill. The chaos continues. This news just breaking. Google has been fined 170 million for illegally collecting information on children, parents were not aware of that collection of information. Separately, a group of state attorneys general wi
Bank of america has more net Brian Moynihan seems little see little chance of a recession. Shery in the u. S. It was another relief rally with the dow gaining one. 2 . Every sector in the s p 500 in the green, chipmakers pacing the gains, nvidia positive resultss helping not mention circulation european officials could come to the rescue if economic numbers deteriorate more in the continent. We saw more optimistic. Optimism. The nasdaq was up. The future will be on jackson the fed chair has to say when he gives a speech on friday. In the meantime we have u. S. Futures up. 3 . Lets see how we are setting up in asia. Stocks this monday asian are ramping up for a positive start, kiwi shares adding. 2 percent while kiwi 10 year yields are above 1 level amid prospects for stimulus to counter some of these growth fears. Repairinghe pboc is borrowing costs. The rate refund. In hong kong, the warning of economic typhoon after we saw gdp contract more than expected. Switching the board on the c
Mattarella this afternoon, the president. He says elections are the way out of the current impasse. I wonder whether the president is entirely convinced. Vonnie you were alluding to it there, something happened the last few minutes, and it could have been a combination of things because we had a few negative catalysts, including theirtocks are up against 50 day moving average, and that may have triggered some selling. 210 turningthe negative, still negative at this point. That triggered a selloff. The s p is now down six tense of 1 . Nordstrom did beat, and is looking maybe even more attractive as a target. More attractive, as is target. It is up 15 . Some dismal data out of europe earlier on. Germany making the headlines when it comes to the pmi, manufacturing and Services Pmis dropping at the fastest rate in six years. It is a strong signal that europes biggest economy could be heading towards a recession. Negative. Ady had one at the same time, the german bund is bank the German Bun
Alix peak accretion greater than 20 . Those are pretty staggering numbers. David they are paying a premium of 45 . Alix we are going to keep following this and what it means for other health care in a day other health care m a. In the markets, sb futures pause until the g20 s p futures pause until the g20. The dollar hit a threemonth low yesterday. 2 . Ds did dip below now we are back about that. Crude a little softer. It feels like a teeny bit of a risk off on the margins, but nothing extreme. David a lot to digest. Go to the morning brief. At 8 30 eastern, we get u. S. Newhome sales data for may. Throughout the day, we hear from a range of said speakers, starting with jay powell, williams, bostic, and parkland. Bullards thenpresident will be on Bloomberg Radio and a conversation with kathleen hays. The best treasury will be selling 4 billion in twoyear notes. At the bell, we will get fedex earnings. Lets turn to bloomberg first take. We are joined by mark cudmore and romaine bostick.