And the news for china, sense that the president is cking supplies for huawei [indiscernible] on slot for china. We have the index above 100, and the 10 year yield at 62 basis points. The market except in all of this dire data we are getting this morning. s get to that data now [no audio] michael why that is, unless people just sort of got used to what was happening, and the fact that they have been locked down and couldnt go shopping or Something Like that. That is the only thing i can think of, and maybe the idea that as the weather gets warmer, they are seeing they are feeling a little bit better. I have no good answers for that. For theay, the numbers sentiment are really high, but they didnt do what they said. They didnt go shopping the way they said they would because retail sales were down 16. 4 on the month. That is a new record drop for the month of april. Of course vonnie vonnie vonnie and of course, the data earlier on included retail sales , but that was only temporary as w
After pelotons 20 drop since another we look at company with its eyes on connected fitness. C. E. O. Of mirror joins the program. But first, to our top story. Ts all about the continuing escalation of the u. S. China trade war. U. S. Markets closed lower on tuesday, this is as bloomberg learned that the Trump Administration is discussing restrictions on port polio flows into china. That includes a particular focus on investments made by u. S. Government retirement funds. Joining me to discuss bloombergs stocks editor dave wilson in new york. Dave, start with just talking to that we saw selloff a little bit today. How much did china play a role in this . Dave well, they certainly played a role to the extent that if you look at Chinese Companies here in the form of american deposits and receipts, they took a hit. I mean were talking about retailer Alibaba Holding down 4 . J. D. Com down 4 . The other Search Engine 2 and we started to see how the back and forth between up u. S. And china
After pelotons 20 drop since its ipo, we look at another company with its eyes on connected fitness. The c. E. O. Of mirror joins the program. But first, to our top story. Its all about the continuing escalation of the u. S. China trade war. U. S. Markets closed lower on tuesday. This, as bloomberg learned that the Trump Administration is discussing possible restrictions on portfolio flows into china. That includes a particular focus on investments made by u. S. Government retirement funds. Joining me to discuss is bloombergs stocks editor dave wilson in new york. Dave, start with just talking to me about the selloff that we saw a little bit today. How much did china play a role in this . Dave well, they certainly played a role to the extent that if you look at Chinese Companies that trade here in the form of american depositary receipts, they took a hit. I mean were talking about online retailer Alibaba Holding down 4 . Their rival j. D. Com down 4 . The Search Engine by do, baidu, of
The euro is trading lower, we had the ecb yesterday, down. 1 . This is the dollar versus the rent, but when it comes to the dollar versus the rand, moodys, the last country to have an the last company to have an Investment Grade on south africa, this Investment Plan doubles the investment to appropriations to that company, could end up being credit negative. A big move on the south african rand. Slowing in the First Quarter, but not as much as analysts expected, with the headline number for consumer spending, pushing gd pregrowth gdp growth to 2. 1 . Discuss here to discuss is our chief bloomberg u. S. Economist. Core pce was disappointing, and the deflator as well. That definitely tainted the report slightly, but what i think is most important at this point, the economy is growing above trend, right . Bettercent growth is than the feds long run estimate of 1. 9 growth. If you are growing at that pace, that tells you although there is not strong pressure on the economy, you will see Un
In some ways. The dax is rejoining the fray. The stoxx 600 up by 9 10 of 1 . Iron ore higher, steel higher as well. Auto stocks trading stronger as a result of germany coming back. The swiss market is into record territory. Some of haven bid and these properties doing really well, lifting that market. Pound is actually getting something of a lift. Vonnie on trade, no response from china to President Trumps warning that he will impose tariffs of 25 or higher on those 300 billion of chinese goods if presidency does not meet with him at the upcoming if president xi does not meet with him at the upcoming g20 summit. How serious is this threat . What will president xi and his of visors and his advisors be talking about . Guest the key to watch is whether this meeting between president s trump and xi takes place. We have seen President Trump signaling that he is very much wanting to meet with xi and that huawei remains an issue that could be placed on the table in exchange for some kind of t