The earnings season gets into full swing a little bit later on. I think a lot of investors today are trying to digest this surge of bond yields and what that means for a possible rotation. The flipside to this think synchronized Global Growth, the impact on asset classes. We had a story with yen and th e boj. We know Philip Hammond and david davis are separately in germany. Now, coming up, we discuss super cars and making motorsports very cool again when it comes to for example, sustainable gas ceo. We get commodity calls from jeff curry at Goldman Sachs and a little bit later in the day, we bring you the exclusive interview with elizabeth warren. We talk immigration and tax. The children of undocumented immigrants are facing deportation from the country and have won a court order temporarily blocking the Trump Administrations decision to end the dreamer program. A judge in San Francisco rejected the argument that the courts do not have the authority to secondguess whether the presiden
Theta, there is no graceful exit here, folks. Ylor special Counsel Robert Mueller appears to be building the case the Trump Campaign was in close talks with brexit officials who wanted to defeat hillary clinton. Robert mueller revealed that a former trump foreignpolicy advisor pled guilty to line about his contacts with russian operatives. George papadopoulos is not cooperating with prosecutors. Meanwhile, Paul Manafort and an aide have been charged with Money Laundering. Congressional tax writers are considering a gradual phase in. According to people familiar with the matter, they looked at the schedule that would business traits from 35 to 35 in 2022. That would slash business taxes from 35 to 20 in 2022. The bank of japan reduced its forecast for inflation. The boj is under little pressure to take more action, though inflation is low below the 2 target. Catalonias Independence Movement is struggling to find a way ford. Off for belgium. They say he plans to seek asylum. Madrid has s
Is your function. We are down on the european benchmark today. Sterling 1. 2 lower today and the biggest drop since february. We will talk more about this with emma just the second. A big decline due to the narrowing of the polls in the upcoming elections. Starting with this chart, the correlation between the ftse and the pound. Your member since the referendum a weak pound and rising stocks on the ftse because most of them get their earnings from overseas. Interesting is that the correlation is now positive, but the index shows no signs of running out of steam. Five weeks of gains just below record. The marketns says can live with a modestly positive sterling. There still room for the equity rally to continue, but they are moving in unison, interesting given that they moved in a divergent way. Currency weakness that boosted exporters amid an unprecedented want her stimulus, stocks relied on the domestic economy and the eurozone beginning to outperform. This is the jpmorgan domestic pl
Names a new crown prince, replacing his cousin. What does this mean for reform, the region, and the markets . Speech. Queens u. K. Parliament opens with the monarch presenting theresa mays agenda. But where is the deal with the dnp . Take a look at pages across the board. You are looking at, as far as the futures go, you. 4 drop on the ftse index. Add ine bit more if you the peripherals. Take a look at funds bunds. A little bit more nds pushing down the yield. I know there are some green numbers there. Less yield. Investors kind of got a width of this and the drop in oil and already were hiding. Guy saudi arabia, fourth time in. Great stuff. The market was softer. Argentina, stays as a frontier market. Keep an eye on these two. They are fascinating. Peso, again,an similar sort of story. Move onto to the next animation and talk about what is happening. Argentinian bond market. This story, it is important. It is not just a china story, it is a whole bunch of other things. Story, the arge
Politics and economics here. To my knowledge, nobody has asked for clearing to move from a business standpoint. Francine good morning. This is bloomberg surveillance in london. E lacqua we have a lot to get to. The fomc meeting some underpinning everything we see on the market. Bunds are very important because they are getting closer to taking out that 0. 5 yield level by the day. Todays push could be coming som comments by the bank nonstandard measures. Oilnted to show you crude as well, 45. 47. Lets get straight to the first word news. Reporter the United States has warned military action might be necessary to deal with north korea. This is after the test of a Intercontinental Ballistic Missile on tuesday. The United States is prepared to use the full range of our capabilities to defend ourselves and our allies. One of our capabilities lies without considerable military force. We will use them if we must, but we prefer not to have to go in that direction. Reporter the Trump Administr