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Problems persist. The white house and democrats failed to strike a deal on stimulus. The chief of staff says the differences are still significant. Julys job report looms. Welcome to daybreak europe. We are seeing red on the screen, but it is china and hong kong bearing the brunt of the losses, and in particular tencent after the president s move to ban tiktok. In terms of what we have been seeing, the u. S. Benchmark is getting close to a record this week. Global equities heading to a weekly gain, but that perhaps faltering slightly on this latest rise in geopolitical tension. We also see some weakening in the yuan. Ae dollar strengthening on broad basis, looking at the bloomberg dollar index. Acting like that safe haven again with these tensions and concerns rising. The 10 year yield also reflecting the risk of sentiment. Lets get more details on that story as trump moves to ban tiktok. The u. S. President signed an exec at of order prohibiting residents from doing any business with ....
Down. 2 , nonfarm futures, claims better than expected. Next chart, dollar remains in story or theme around the dollar today, relative weakness against the g10 but not so much against emergingmarket currencies. That is what the dollar is doing right now. Weakness in offshore currency remains on the back of this broader news from the trump administration, down. 2 , that is your aussie dollar, risk off mood, down. 1 , and the boe is flat against the u. S. Dollar. Gold move to commodities, publicly above 2050 and out, further gains. Not as Much Movement in terms of stimulus conversations in washington. Barrel, up,42 a maybe on track for gains across the week. And that is your yield for the 1132 and 52. , tencents down on the back of this executive order. Just how much and how significant this move is by President Trump is of course the question, given wechat is largely used by t ....
The cash trade is one hour away. Lets get your top headlines for you off the bloomberg terminal. Trump signsnald executive orders blocking u. S. Residents from doing business with tiktok and wechat. Shares in tencent plummet. The white house and democrats failed to strike a deal on stimulus. Trumps chief of staff says the differences are still significant as the july jobs report looms. We will speak shortly with Standard Life aberdeens deals, flows,bout and his successor. Results are crossing the wire as we speak. Annmarie, what do you see . Annmarie looks like it is a beach. Eps comes in at 7. 0 pounds. And then the first half adjusted pretax is 190 5 Million Pounds. The estimate was just under 180 so that is a beach and we will dig down deeper into these earnings when we have the ceo, next. I know you have some news coming out of berlin right now. Matt that is right. We have ....
The dow up. 2 . Moves. Elping those , back above 42. The dollar index at 92. 74. Stronger sterling, stronger euro, stronger yen. Pandemic an interesting time for investors, distressed investors among them. Erik schatzker is speaking to howard marks of oaktree. Always terrific to have howard marks with us on bloomberg television. Weigh in on tenterhooks for your memos. A lot of them in march and april. Not so many as of late. You are out with another one, time for thinking. You raise a number of provocative points and questions. Them states the obvious, the Financial Markets are at the center of a titanic struggle between the pandemic on the one hand, and the government effectively on the other, recession versus the fed and treasury department. You and i have talked about this before. As recently as may, youre thinking was that the fed could not keep it up forever. Am i to divine that perhaps youre thinking has changed on that s ....
We spend our days in san francisco, i think we brought with us to new york. Had two remember, we ipos. Rocktenn company finishing the company finishing the day up 10 . As earnings out of our on out which surprised some folks. Inventory issues giving them pricing power. Shares up. You better buy that car. Caroline if only the dmv would open, then maybe i could. Ed, does it feel wobbly at the moment . There is a great story on the verge about robinhood trade happening worldwide. What does this feel like necessary given the sheer liquidity in the market . Storybinhood is an easy to focus on, and for good reason. We have a composite of about 30 indicators and it is actually in the neutral zone. There is pessimism out there and i think a lot of it has to do with the perceived disconnect. When you throw in secondary ipos, they top of are at a record high over the last three months. That is a lot of supply to come on the market. Caroline all eyes on capitol hill for that fiscal stimulus bill ....