Morning depending on where youre at in the country right now and i want to make sure to note some important requirements as we conduct this official remote hearing. Let me begin by just saying they standing house and Committee Rules and practice will continue to apply during remote proceedings. So all members are reminded they are expected to adhere to the standing rules including the corum took with that said during committee will operate in accordance to h. Res. 965 and the subsequent guidance from the World Committee and the manner that respects the rights of all members to participate. House regular shows require to be visible through a video connection throughout the preceding. Please keep your cameras on and also got to participate in another proceeding please exit this one and then log back on later. In the event member interest technical issues that prevents them from a recognized for the questioning i will move to the next available member of the same party and i will recogniz
These tech heavy benchmarks doing better than what we saw on friday. We are watching hong kong closely after we saw them arrests made after protests returned to the city. Looks like they are shrugging that off. Pretty steady for the euro. That ecb meeting on thursday. A lot of questions about how to tackle this euro strength. This has been pretty volatile of late. We get another round of brexit negotiations. Your off to your offshore revenue will be continuing. They onshore rate has had the highest stretch. Bond markets have been falling. Pickuptreasury yields after the u. S. Job report. These are back to the prepandemic levels now. Hedge inll a good these markets. Brent crude still following what we saw with oil markets. Around 42. Lets get more analysis now. With eight Market Strategist. What is your assessment of what the key drivers are behind markets in this part of the world . Good morning. Thank you for having me today. I think we are seeing an interesting trend. We have the sit
With the election less than two years away. Welcome to bloomberg surveillance. I am manus cranny in dubai. The Global Equity rally rolls on. The inexorable roller. We have some breaking data from the euro area. Pmi at 50. 5. The market had preliminary suggested a number of 50. 1. We saw the german numbers on Services Come in at 52. 5 from 50. 8. This roll up in the equity rally is marching on. One hundred billion euros for the recovery in europe. 1. Have a new date, november the politicization of the vaccine has never been more. That trumps any china rhetoric of building up their tech and chip ability. They are going to use the power of the atomic bomb, as they said, to get there. 10 year yields,. 66, back at the level that they were when jay powell spoke. The glaly re when jay powell spoke. The global rally rallies on. There is this reluctance by the bond market to reprice with the exuberance of stocks. Is it about the dollar or the euro . The euro has been dropping for three days. It
With the dividend although it will be far lower than last years. Hong kong media tycoon released on bail. His broken National Security laws beijing has branded him guilty. Breaking news out of south korea. We are getting Unemployment Rate numbers, and again, surprising to the upside. They fell to 4. 2 in the month of july, this after surprising to the upside the previous month, falling to 4. 3 in june. Of course, we have seen more job creation efforts. In fact, we just heard from south koreas Ruling Party Leader saying south korea will actively consider a fourth extra budget if needed. South korea has already pledged more than 225 billion in stimulus measures or roughly 14 of gdp to help put a floor on the jobs market, and right now, the july Unemployment Rate falling to 4. 2 . Lets turn to the markets and bring in Sophie Kamaruddin in hong kong. What are you watching . Korean alongside the jobless numbers, we are waiting on Australian Consumer confidence, due out later this morning, a
Focusing whats going on in washington, d. C. , we are after all coast to coast, were going to hear from the president meeting with the National Association of Police Organization, group that is endorsing him for reelection this go around, were also following a number of developments in florida with the hurricane moving in on the florida coast, Governor Desantis says this is going to be an issue for the state well into next week, we are monitoring those developments as it approaches the category two storm and were monitoring as well what is happening in silicon valley, big tech getting bigger, not only in stocks but any time to rain these guys in, google is a big exception to the runup, its stock not doing as well even the revenue is strong and the fact of the matter is, there was a notion that it is not enjoying the ride that the others are. Again, if you look at that the rich and wealth for not only themselves and their own investors, they have been the really only big game in town so