But his colleague pushes back against the 50 basis point move. I think 50 basis points would be overdone. I dont think the situation really calls for that, but i would be willing to do 25. Things can change. Anna goodwill from washington. The u. S. Is said to delay the next round of china tariffs. Trumpet meets with xi at the g20 this weekend. H2o and hot water. Asset see thegers biggest decline. Good morning. Matt good morning. Less than a halfhour away from the start of european trading. I am looking at a chart of bitcoin. Than now trading for more 12,600, the highest we have seen in well over a year. It looks to have gone parabolic. Maybe a warning . Maybe people investing should be watching out. ,bviously, this is a commodity currency, depending on how you see it, that tends to jump higher and crash over and over again. This last 12 months, jump higher. Take a look at the futures trade in terms of European Equity indexes. Dax futures as well as cap futures down about cac futures do
Surveillance. Goodning orbit more afternoon or good morning. We saw a bit of a lift in asian stocks. Now, the stocks europe 600 down. 27 . It always honest President Trump and xi jinping can find a solution. They will sit down and we will see if we have something at the g20. The u. S. 10 year yield, the story of the day, actually, the year. The nymex at 54. 12. We understand opec may have found a date with a could meet, the first of july. Coming up, we have an allstar guest lineup. At 930, we have an excuse of interview exclusive talking luxury and the chinese of watching. At 11 30, we are joined by blackstones chief executive Steve Schwarzman. And later on, we speak to the facebook coo sheryl sandberg. But first, lets get straight to bloomberg first word news. A bloomberg scoop. President donald trump asked white house lawyers to explore his options for removing Federal Reserve chairman Jerome Powell. Happened earlier in the year, less than two months after trump discussed firing him.
Anna any hint of stimulus. Mario draghi delivers a pitinos a keynote speech with investors scanning for close on policy. The fed begins its two day meeting. Airbus gets a boost. American air is assessed to be in talks to buy 50 new alienfter they hand in 11 dollar deal. We are live at the Paris Air Show. Money as phils tronic cuts fullyear Sales Forecasts. What looks to be less than expectedly sunny conference. Is quite do me and gloomy here which i think is fitting. We look at treasuries, yielding almost 2 right now. Winds yielding negative, 25 basis points. Yesterday we had olivia saying basically that the ecb no longer has the tools it needs to confront if we were to say one, even a mild recession that governments need to be spending more money, fiscal policy needs to take center stage and that is unlikely to happen since the germans are the only one with any money and they famously do not like spending money. Everyone else has budget surpluses that are pushing up against the eu rul
finance minister of saudi arabia and france. good afternoon, this is bloomberg surveillance. into our davos coverage. turning into our davos coverage. we have great interviews. first, let s check on the markets. up as you look at u.s. equity futures, they are gaining a little traction. concrete steps to contain the deadly virus. this get to the bloomberg first word news. with the respiratory virus in china that is spreading, a hospitalized man was infected after a trip to china. the nation is starting nationwide screening. the cases in china have climbed to more than 400. nine other countries are confirming cases. the u.s. senate sets the rules for the impeachment trial and voted along the lines. it rejected bids to subpoena white house emails, but mitch mcconnell did agree to alter the timeline getting the prosecution and defense to make the cases rather than the initial two. governments cannot tackle climate change alone, according to blackrock s larry fink. he says it
Positive fair values. Could mark a bit of an Inflection Point here. The u. S. Senate passes a twoyear budget agreement to boost spending and suspend the debt ceiling. The bill now goes to the house. Matt less than a halfhour from the open and we could be less than a halfhour from that vote as well. We are going to keep our eye on what is going on with the big slump in the cash trade yesterday. Looking at futures this morning, we had a very negative picture as the route spread from the u. S. To asia and back to europe. Now, we see some futures contracts turning positive. If you check in everything and see at fair value, you will an indication that we are still going to open lower up not as long as they would have earlier. Markets stopped to look start to look forward, maybe they recover a little bit. A lot of people point to the bond yields have one of the sugars for the selloff that we saw and continue to see. 2. 85 on the 10 year bonds. We see it rising more than three basis points th