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the hang seng market was up and so was the shanghai. the dax was up by 1.4%. the cac up by 0.9%. the ftse up by a quarter percentage point. if you check out crude oil prices, you ll see crude oil is under significant pressure once again today. down 1.38. down below $47 a barrel. 46.98 is where the july contract for crude is trading now. let s get you through today s agenda about the labor market. may jobs report out at 8:30 a.m. eastern time. non-farm payrolls forecast to ride by 184,000. that s following an increase of 211,000 back in april. the u.s. economy added jobs for 79 straight months. the unemployment rate expected to hold steady at 4.4%. the lowest level in a decade. russian president vladimir putin will be speaking in st. petersburg at a forum alongside several other world leaders including india s modi. the session will be moderated by nbc s megyn kelly. that begins at 7:00 a.m. eastern time. a programming note, sunday night megyn kelly has an interview wi ....
mark: let s get the bloomberg first word news. here is sebastian salek. sebastian: theresa may says parliament should be allowed to taking britain out of the european union. seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. by a third following the note 7 crisis. the company said profits will come in at 5.2 trillion one, won, down.llion donald trump has gone on a twitter offensive, blasting paul reid paul ryan as weak and ineffective. the shackles have now been taken off of him after ryan condemned his comments about women. the nominee continued his campaign speaking in panama city. this election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. the election of hillary clinton would lead to the destruction of our country. againstn: fraud charges to a junk rating according to investors. the possibility of an increase in borrowing costs ....
breakdown six out of 10 are down. this feels like a delayed reaction to the minutes from the released thatting is sedated take more hold interns of investor psychology. joe: deathly a continuation. todaye down one big loser with the financials which were big gainers yesterday. we had a steepening of the curve. banks gave up their big losses. alix: european stocks fell the most in two weeks. the day looked relatively ugly. now that we have closed off those lows it was an impressive seachange. to point out some changes. the s&p is a straight line kind of down. ,hat orange line moving average you don t want to see it break a long turn moving average. definitely a technical level to watch. what helped the markets has to be retail. in particular, walmart sing the best rally in seven years. .dding 40 points you can see how ups extreme it was. macy s, target. everything going lower. joe: target earnings, that was a surprise. the government bond market. we saw a big jump in y ....
tom keene in new york. there was a big surprise from the boe yesterday. tom: i have to tell you, and we will show charts, yields speak to the tensions out there into this morning s jobs report. francine: they certainly do. then we will go to the boj. let s go to the bloomberg first word news. more on today s jobs report. the government will issue another solid report later this morning. 180,000 increased by july with the unemployment rate falling to 4.8% from 4.9% in june. fornumber of people higher permanent positions in the u.k. slumped the most in seven years in july, according to a report improvementd the federation. they are calling it a dramatic freefall. the bank of england said the outlook good weekend markedly. in south africa, the chief whip of the ruling african national congress said the party conceded defeat in nelson mandela bay. that includes the city of port elizabeth. 98% of the vote counted, nearly 47% of the vote, to 41% for the anc. they are poised t ....
the back story to me, the bank of japan couple of weeks ago, mario draghi, and those her bombshell announcements. point, as steve stanley said, the fed will need to stand up and punched the markets in the mouth, and tell them to stop bullying them because every time they told him to do something, the markets have a reaction. we have that in january and now all that has passed. scarlet: and the fed has a dual mandate, all in placement and price stability. with the labor market approaching of full employment, 4.9%, is the fed putting more weight on the inflation mandate? a key question, and i don t know if we could go inside the bloomberg terminal, but you can see the core rate of , february, rose to 2.3%. we are getting into territory where the fed would normally be worried. it seems to be accelerating two months in a row. even no gasoline and oil prices are falling significantly. scarlet: that is the latest inflation rate in the fed will need to consider when they make ....