Burgers. Taylor it is this weeks cover story. Lacroix became the market darling of sparkling water but it is losing ground. Jason joel weber is with us. Joel we wanted to do this story in a summer issue. It is the zeitgeist of summer. One thing that has happened is consumers have shifted away from soda and embraced sparkling waters. Lacroix has really encapsulated that and it boomed. Riding this enthusiasm. All of a sudden it has gotten competitive. Taylor we learned a lot about their competitors, mainly pepsi and cocacola. Joel they are owned by National Beverage and that is a big part of their portfolio. But going against cocacola or pepsi, once they opened their war chest and looked at sparkling water, they can say we know how to put that in a can. Jason that is coming in from the top, then you have craft movement. Weve seen it in beer and food, now it is sparkling water. Joel it is what they introduced the marketplace. Lacroix basically invented the category and rejuvenated it, and
The Commodity Index hit. Abouth the moment, off by 0. 6 . Look at that. Eld, a negative trend by over 1 . We have been down further than that, but that is quite shocking. David to anyone who tells you dont buy the 50, look where it is right now. Get the first word news. Paul allen is here for that. He has an update. Hurricane dorian has made landfall in the bahamas as the strongest storm ever recorded there. Torrential rain and winds gusting up to 300 kilometers per hour. A likely storm surge of more than seven meters. Dorian is expected to batter the u. S. East. Ordered alina has mandatory evacuation of its entire coastline. Argentina has impose capital controls to halt a slump in fx reserves that pushed the country to the edge of default. A limit of five days for exporters, while institutions will need official localization to buy dollars. The italian Prime Minister says he intends to present a new government by wednesday at the latest amid growing tensions within the latest fragile
Manus yesterday we broke the news that there was a ratcheting higher in the tariff wars wars. What are the implications . The economy is stable. They will adjust Economic Policy as is appropriate. It really is about the next response lever from china for me. Nejra questions are being asked about whether they need to do more to fuel credit and support the property sector, loosen some of the controls. Some of the reaction we are seeing is not because of pmi, because they show a little more pressure from trade, but more because of the response and the words weve had from authorities today. Manus lets talk about the rest of the response mechanism. Steven major said, im talking about ground zero for trade. The new Zealand Dollar. A lower move. The market believes you are going to see a much more aggressive repricing. Cutprobability of another from the kiwi. The shorts are the highest since november. Have a look at the yuan. What is the correlation between the negative yielding bonds and gol
Economic typhoon. Turbulent times when out for Cathay Pacific protest in hong kong and the loss of the ceo. Shery we are seeing futures higher by four tens of 1 as we see more positive rhetoric from President Trump on the u. S. China trade talks. This on the back of a strong rally we saw on friday with the dow gaining 1. 2 and every sector on the s p 500 in the green. The s p 500 gaining 1. 4 on friday. We saw chipmakers leading the gains, after we had positive results out of nvidia. There was also positive sentiment out of europe as officials there hinted they would come to the rescue if the regions Economic Data deteriorated further. That gave a boost to investor sentiment. 1. 7 . Sdaq gained there was a lot of volatility still with those things swings on the s p 500 with more than 1. 5 intraday. This week the focus will be on jackson hole as we will wait to hear from a fed chair powell making comments later in the week. Lets see how we are setting up in asia. Place the pieces are in
Of recession and uncertainty surrounding trade sparking a , rush into safety. That leads to a u. S. Yield curve that inverted wednesday. As i recall, the First Time Since 2007. The recession is avoidable. Even when you see the yield curve in the invert. That does not necessarily mean we are going over a cliff into recession. It happens to be about 18 months earlier than you see recession. And this is about traditional signals of the yield curve. Talking about the curve in version. Inversion. 2 10 inversion. Recession goes right up. Markets always shortterm have a wall of worry to climb. The market is an extreme way, seeking safe haven. A safe haven. Looking for safety. Treasury bonds is where you go. Tom terrific conversation through the week across all of bloomberg media. We want to advance this now and into the weekend with peter tchir. Thrilled that peter could join us on the mechanisms we saw this week within fixed income. We are thrilled kathy jones is with us with charles schwab.