Does october start most interesting. As you well know, the president of the United States at walter reed hospital. He has been tweeting actively this morning, almost as much as jon ferro. In the markets, i would say weve got a bit of a celebration. Futures up 21, dow futures up 184. What do you make of the markets this morning . Jonathan a strong correlation between the president s health, his tweeting activity, and equity markets. We hope we avoided the local crisis, the chaos that many people were thinking about last friday. Up 0. 6 on the s p. In the bond market, this is where things get interesting for treasuries headed into election day. If the polling remains the way the polling looks right now, at a national level, the 14 point lead joe biden at the moment, at some point you do start to think about prices in the fiscal stuff. The key risk at the moment, i am catching up with Henry Peabody a little later tom on one of your other properties. Jonathan his view is that the risk the
Cspan, 45 years and counting, powered by cable. The Senate Energy and Natural Resources Committee Held a hearing on the challenges associated with growing demand for electric power in the United States. The witnesses outlined the potential cost and security risks of retiring natural gas plants too soon and called for a balanced approach that included nuclear and Renewable Energy sources. This runs an hour and 45 minutes. Today we ask you to discuss the risk of opportunities. In the halfcentury after world war ii, demand for electricity grew along with our economy, but in the decade following, the implementation of the freetrade agreement, which was in the 1990s, annual electricity demand growth fell by nearly 45 . 45 . For the past two decades, the demand and load has been flat across the country. We are here today because that appears to be coming to an end rapidly. With exponential growth, utility and grid experts are telling us that it is poised for truly remarkable growth. Meeting
Need to keep rates higher for longer. There is progress on inflation but it is too early to declare any victory yet. What we are tracking this morning as we come online, with japan some ecodata. Broadly we sell weakness creeping through, because exports are up 8. 3 on the year. The estimate had been for 11 . We saw the trade deficit in the latest reading. That is the state of play for japan. Tracking the japanese yen, Holding Steady this morning but still at historically weak levels. The big focus on the japanese 10 year yield because we continue to monitor when it will hit the 1 mark, and we continue to track those yields inching higher. Japanese goodies under pressure in this session, so not that optimism from wall street overnight so far. Korea coming online, and the ecodata to note, april ppi coming out earlier today, we saw it rising 1. 8 on the year. 0. 3 on the month, but it was a pickup in ppi, Producer Price inflation. That presents a headache for the bok. We also watching in
At 7 00 a. M. Eastern. Now we are going to take you over to the Senate Energy committee hearing. It is getting underway now come alive on cspan. We will talk about the growing demand for electric power in the u. S. And the impact on the electric grid. Here it is. Today we ask you to discuss the risk of opportunities. In the halfcentury after world war ii, demand for electricity grew along with our economy, but in the decade following, the implementation of the freetrade agreement, which was in the 1990s, annual electricity demand growth fell by nearly 45 . 45 . For the past two decades, the demand and load has been flat across the country. We are here today because that appears to be coming to an end rapidly. With exponential growth, utility and grid experts are telling us that it is poised for truly remarkable growth. Meeting the demand growth may be one of the greatest challenges we face. Our economy and defense of our country i want to thank the witnesses for sharing their perspecti
Repurchase and announces a new Global Wealth management unit. A very warm welcome. This is bloomberg daybreak europe today. I am joined by matt miller in berlin. We need to talk about whats happening in the markets and the breaking news coming out. Breaking news out of sanofi. The wall street journal is carrying this news over the last 24 hours. A company. D buy this is a touch above the number reported in the reports over the weekend, suggesting 11. 5 billion. It is expected to start in february 2018. They are giving us various details about the kind of eps secretion we will see as a result of this deal. This represents Something Like a 65 premium to fridays closing price. Strategy in with the of the business, trying to add treatments from layer Blood Disorders to the portfolio over at sanofi. Sanofi looking to offset some of those that of theen fading because insulin drug. That is the backstory. 100 five dollars per share in cash. A 64 premium. Lets talk about the Broader Market acti