59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
Us in and want you to know that we appreciate the leadership of you and your team in putting together this dynamic reserve for the ventilators. You already heard there is a little bit of an uneven impact in terms of the disease and battle were fighting this will allow us to provide an opportunity to flex, so that we can get the equipment to the right places at the right time for those that are really struggling. And this is an innovative approach that were committed to. The Hospital Systems around this table have stepped up to the plate to make commitments and you have our commitment at the American Hospital association that we will work with the rest of our field to make additional commitments and make this a success. So were also building a very high quality ventilator because you have to make a decision and i was told it makes a big difference. The level of quality of a ventilator what is it, what is the difference . Do you find it makes a big difference . Theyre obviously more expe
Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham and b of a, as b of a or it goes from 270 to 245 what ne
Acceleration in investment since june as industrial output eats estimates beats estimates. Could a firmer recovery be underway . Treyew brexit e. U. Chief pulls no punches on his First Washington trip, cautioning President Trump about protectionism and shortterm thinking. We spoke about him exclusively on resetting relations. The objective of the visit is to try to reset the relationship,t ry to understand each other in relation at the moment and find Common Ground with the United States. We started on a positive note. Matt barclays is cutting around 100 senior jobs across corporate and Investment Bank as the lender looks to rein in costs. Morgan stanley plans to 80 dozens of staff at its wealth business in asia. Lets look first at futures. Even after the new record we hit yesterday, were looking at gains in futures, and fairly substantial gains at that. Dax futures up 0. 5 . U. S. Futures, not the same size but the same direction, green a rrows on the nasdaq, s p and dow jones futures
With the United States. We start within a positive note. Nejra funding the deficit, the u. S. Will start issuing twentyyear bonds in the first half of 2020. It comes as Steve Mnuchin continues to review bonds. Welcome to bloomberg daybreak europe. The data out of china and the u. S. Putting risk on across markets today, taking a look at asia, green on the screen for the Msci Asia Pacific index. He saw all three u. S. Benchmarks hit records again and tech stocks were leading that rally. Alphabet above a 1 trillion valuation for the first time. Futures look like we could build on those gains. We saw green on the screen yesterday and it looks like another day of gains. Switching out the board to look at other assets, the yen has been posting a little bit of weakness. We are at eight months low. Yield edged up after retail sales data and some other data out of the u. S. Pointed to a stronger consumer. 182 handle is where we sit. We have seen steepening after that announcement from siva mnu