Good jobs number, decent ism bob pisani has more. We are starting to break the new narrative out there that were going to have a slowdown in 2020. Remember, the recession narrative have gone away, worries of three, four, five months ago, no more. Gdp is 1 to 2 now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more were taking the edge off the slowdown narrative thats why things are moving up. We not only have a strong jobs market, markedly strong revisions people werent anticipating then weak manufacturing. But new orders were generally good still 49, above expectations thats what youre looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, thats the key. Heres what you need to think about. What will it take to move the market higher, another 5 to 10 . Three things very important. First off, see bond yields move up more. Good sign of modest ref
Placed at the center of the ongoing disputes between these 2 countries may be getting a bit of a reprieve in New York Times reports that the trumpet ministration is planning to issue licenses allowing American Companies to supply nonsensitive goods to wall way according to sources u. S. President donald trump said he was willing to begin approving the licenses this last week this will allow the specific specific American Companies to circumvent a ban the white house placed on wall way earlier this year. There is a lot on packers so to do so we are joined by our america correspondent Alex Milledge in toronto and served as the ok here in the studio in washington d. C. Sarah lets start with you were seeing a lot of conflicting reports on how the meetings went exactly whats the latest well lets just say we are definitely hearing some conflicting reports that the south china post morning post reported that chinese ice from the air was going to be leaving earlier than expected leaving at thi
And jumped up on president trying 20 did that big its a big day of negotiations with china they want to make a deal but do i meet with vice premier tomorrow at the white house now it remains unclear whether or not this meeting law actually take place but stocks went up people are optimistic and hopeful that President Trump meeting with vice premier li. Is that a good sign of some sort of move forward and you know this has been lingering on for some time so i know your viewers might be getting antsy about this but this is actually a critical time in this process since next week another set of tariffs on another 250000000000 dollars of chinese goods are scheduled to take effect the chinese have said that they were making willing to make a deal on condition that no more to be imposed whats going on there what is a very critical time because next week they are scheduled the United States is scheduled to impose even more tariffs on 250000000000. 00 worth of chinese goods but analysts and ex
Saw on friday, you got to remember that this president doesnt want stocks to go down he wants stocks to go higher and thats how you get a day like today where the dow gained 270 points and s p claimed and the nasdaq pole vaulted to 1. 23 trump knew things looked bad after fridays sell off. He decided to Say Something positive and turned things around did he call them did they call him there was a call people, thats beside the point. On friday the president took a harsh stance talking about boosting tariffs and demanding American Companies leave china immediately. He says the chinese called him willing to negotiate that was enough to give the market lift even though were getting conflicting reports about what happened. The peoples republic has officially denied anyone called trump. On the other hand, trump got two calls because the chinese are desperate and knows he has the upper hand who is telling the truth i got to tell you, i was amazed how quickly most of the media rushed to decide
Efore the meeting wil Parliament Saying clearly we will not take kindly if you try to buy [inaudible] one of the biggest tech deals ever. We will extend their reach into 175 countries. Recession may be coming, but investors should not fear the worst. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best. The most important Business News from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Deutsche bank a dramatic overhaul of its operations at a turnaround. Bombshell. G Deutsche Bank planning to cut 20 of its workforce. Shutting down its equity sales and trading business. The losses are already starting. Comepect many of them will in london and many will come in the United States as well. The focus is about refocusing this business back on the german side of what is happening to become a corporate bank, less of an investment bank. Is that enough . What is the reaction . It is quite dramatic, 18,000 jobs, the