For our audience worldwide, this is bloomberg surveillance on tv and radio. Your equity market on the s p 500 slightly positive. 3 . Cpi thursday, ppi friday. Tom inflation is the key dynamic. It was an odd weekend. It is in the zeitgeist, bloomberg reports bond prices up in china and yields down. In the inflation reports, is this tinge of deflation to come in asset prices worldwide . The theme of the weekend was deflation, beginning of deflationary worries into that key inflation report. Jonathan quite a ride in the bond market last week. Taking back a move from friday session. Lots of fed speak out there in the mix. Over the weekend, maybe another Interest Rate hike in the Federal Reserve. Tom it is going to go by the data. Job support, what do you think . Cut that way, cut that way job report . Jonathan still wages are hot. I think the narrative sticks, Jeff Rosenberg at blackrock talked about it that ultimately where payrolls growth goes, we will eventually follow. The fed says, we
Cap 40 up. 5 . Lets have a look at your commodity space. This is where the route has really been. We see copper driving higher spending much of that fear about tiny slowdowns. Maybe just the time weve seen enough of a selloff now. Time to get back into commodities. Up we go in terms of copper. Oil continuing on its downward trajectory. This is of course, in a bear market. All are downward will that play into the u. S. s decision later today . You have china continuing to slow its show its slowdown. Shakes it off, and you look at total. It is the second biggest oil player in eour europe manages to keep pretty flat. Why . How is ths tock dr this stock at driving higher . That has gotten far more profitable. They are bringing more oil out of the ground. Therefore t they are weathering that storm. Copper has been on a downward straight. Off by. 25 . Firsthalf copper down, gold output down this is all about delayed commissioning. Meanwhile, i leave you with barclays. Still looking to make m
Difference. Captioning sponsored by cbs this is the cbs evening news with scott pelley. Pelley it is now the trump economy, and the numbers out today show that the recovery that began eight years ago is continuing on his watch. In february, President Trumps first full month on the job, the economy created 235,000 jobs, and the Unemployment Rate ticked down to 4. 7 . All the more impressive if you believe what candidate trump claimed the rate was just a year earlier. Dont believe those phony numbers when you hear 4. 9 and 5 unemployment. The numbers probably 28, 29, as high as 35, in fact, even heard recently 42 . Pelley well, today, the white house didnt think the numbers were phony, and we have more now from jim axelrod. Reporter they are hiring once again at quality controlled manufacturing, which supplies parts to the aerospace industry. He controls both of these machines. Reporter by the end of this month, chief operating officer rick urban will have increased his workforce by 12 t
Difference. Captioning sponsored by cbs this is the cbs evening news with scott pelley. Manufacturing, which supplies parts to the aerospace industry. He controls both of these machines. Reporter by the end of this month, chief operating officer rick urban will have increased his workforce by 12 this year, confident in what he sees as President Trumps more businessfriendly white house. Theres a lot of optimism and belief that we will be seeing it not only 2016 sphaen but the next few years, continuing to increase and bringing jobs and manufacturing back here to the u. S. That might have been outside of the u. S. In the past. Reporter urbans company is not alone, and the hirin hirs broad based. 132,000 Service Sector jobs, but also strong gains in construction and manufacturing. Were, you know, finally heading in the right direction. Reporter bank of americas ethan harris says another promising sign is the number of people who had stopped looking for work but have started again. Particu
Bowe s boxilai. Andrew. Thank you, becky. We have a little bit of Corporate News this morning. Citigroup has suffered a significant decline in trading revenue. It threatens to decline the earnings. Theres a market wide earnings. Shares of blackberry today, the Company Warning on friday that it expects to report a huge quarterly operating loss. It plans to cut more than 1 3 of its global work force. Thats big, big news in blackberry land. Microsoft expected to announce a new surface tablet computer today, including a version with a smaller screen to compete with googles nexus 7. An event is scheduled in new york. Microsoft began selling surface tablets last year but sales have been slow. The changes to the dow are official. Visa, Goldman Sachs and nike are jumping into the blue chip index. Alcoa and hewlettpackard and bank of america, goodbye, youre exiting. Goodbye. If you went to sleep early last night, there are a few highlights from the emmys that you missed. Hbo dominated with the