This is bloomberg surveillance. Im Francine Lacqua here in london. These are your markets. Global chief economist. A lot of the focus is on the next, the mastercard trade war. A lot of the focus is on data executive vice chair on out. We see pound. Diversity and her thoughts on we are of course watching that because we are one month exactly the apple card gender bias issue. From the early election, this is bloomberg. December 12, and the u. K. After the brexit party said they will not expand conservative seats. 1. 93. 0 year yield at coming up, we will be speaking to musabbeh al kaabi, the chairman of Mubadala Petroleum at 9 30 a. M. U. K. Time. That is manus cranny bringing that live. Lets kick off the show with the latest from hong kong. Rn that the city is on the brink of total breakdown as protesters rocked the citys financial district to a standstill. The chaos follows a flareup in violence after the first fatality linked to the protests. Is it different from yesterday . Is the mo
Nejra good morning, everyone. Welcome to daybreak europe. Its 6 00 a. M. In london. Will powell spoil the . Policy the s p 500 gaining 1 at the height of its rally. We are flat on futures today, the 10year gilts up a basis gont, yesterday we saw it toward 2 . Will we break through that 2 level . What will powell have to say for that to happen . We saw the impact can bull markets in europe, hitting negative territory for the first time. Lets look at what were looking at elsewhere. Emerging markets, a little bit of weakness in the lira, suffering from fresh potential sanctions risk. We wait to see if it lasts. Wti crude on the front foot today as well in todays session. Lets check on the markets in asia, Juliette Saly has more. The rally were seen in global in europe ases well. Jumpre having the biggest since early january, you can see the nikkei up by 1. 8 in late trade. Its really hong kongs market, jumping the most since september of december of last year. Austrian share market gettin
Equity futures a mixed open in asia. A flood of corporate debt sales before the fed decision. Oil surge adding to inflation worries as saudi arabia and russia extend output cuts through the end of the year. Lets get a quick check of u. S. Futures doing nothing right now. We are well into september, but it has been the Labor Day Weekend in the United States so we only had two trading sessions in september. To say session was basically the s p down for tens of 1 . Traditionally some timber not a great month for markets. It is the worst generally unless they have already rally between 10 and 20 . Given that we have rallied, may be able not be so bad this year. We will have to see. Mike wilson says 3900 is where we will end the year. There are bears out there. Nasdaq futures pointing lower. We had bonds seeing yields rally 15 basis points partially because 40 markets Companies Went to market and sold bonds, so a massive amount of issuance that would have depressed prices somewhat. We had a
Elon musk said all the right things on the call yesterday. More unless expensive models. Lisa we heard we will not get any details about if he can produce 25,000 teslas on their current infrastructure, wait until august. What about robotaxis . Wait for august. Jonathan i dont think you can look at this move without looking at it relative to the year to date loss. We were down by 4 and that we are up by 10. Listen to this, 2. 5 years ago, tesla was worth the same as the next 12 Largest Companies and thats how things have gone wrong in the last couple of years. Annmarie and the big issue is demand. They have very to different firstquarter results announcements. The numbers were bad and if you look at some of the rate at which new cars are leaving deliveries, that is not promising for elon musk down the road but the words are dreamy and its this idea of august we will get may be cheaper cars and a people model s and potentially a robotaxi. Jonathan jefferies says appeasing the market. How
Effects when we are running a big deficit . We always should be worried about interest rates. I dont see them spiking right away. People are fearful because we have growth coming back. We want to solve our debt. You cant solve it just by cutting. We have to grow the economy. People should be fearful of where the money is being sent spent today. It was that discretionary spending. Mandatory Social Security and interest only made 25 . That makes up 69 now. It is automatic. Congress doesnt have control over that year or two year. Issue. A demographic 10,000 people a day for the next two years are qualifying. We should protect them for future generations. It is better to do it when you have a growth economy. Anyone who studies this question says we have to deal with entitlements. We are spending all of our money. We just had a president ial election and neither candidate said we needed to take this on. Will . Re a political are the voters willing to say it is ok if i give something up . Sa