I am tom keene in new york. Guy johnson in london. Mr. Kuroda changed the news flow. Guy this appears to come from a bbc interview that was pretty recorded. It was not done today. This is something that was a pretty recorded program. No helicopter money. You see the asset prices react. We have seen big moves over the last few days. You wonder how that will change the q a with mr. Draghi. Right now, our first word news. Taylor in cleveland, donald trump will except the republican nomination for president , one day after ted cruz was booed off the stage at the convention. The texas senator ended his speech without specifically endorsing trump. We will unite the party, unite the country, by standing together for shared values. Standing for liberty. God bless each and every one of you. God bless the United States of america. Is widely expected to run for president in 2020. President air to o imposed aerdogan state of emergency, saying the government will use its added interest the of democ
Three averages posts any gain it will be a fresh record close. Yesterday, all three closed at a record for the First Time Since new years eve, 19 99. If you look at the weekly activity, even though we hit that record, all three major averages on a weekly basis are mixed. The s p very little down. And the nasdaq is up. Not much change of which is typical of what we have seen recently. The s p 500 having its the fourth straight session. Its a fourth straight session. Without a move by at least 1 . We are seeing Oil Prices Rally arabia. Talk from saudi about 44 a barrel helping to support many of the Energy Stocks in the s p 500. We have seen some strength that if Consumer Discretionary today and this week as well. Out with coming numbers that Beat Estimates on the strength of the rack. Shares of a percent. Jc parent jcpenney narrowing in loss and rising, coming line with what analysts had anticipated. This week has been strong for Department Stores probably. All the companies have been r
Enough to buy the Worlds Largest public traded companies. Lets head street to the markets desk with julie hyman. Quandary with better economic numbers and lower margins. This is the quandary we used to be in, right . Mention we are getting the final read on march Consumer Confidence mentioned by the university of michigan coming in and 91. Coming in at 91. Adding to the slew of Economic Data we are ready at this morning. We are getting the isn manufacturing report coming in at 51. 8. 51. 1 was estimated by economists. Big one. Report is the if you look at the major averages, we are indeed creating up off the lows, investors trying to weigh the future for Interest Rates. I want to take a look at the sp y. He gives us a good snapshot of the reaction and stocks to the jobs report moments after the report. Here we are at 8 30, we saw a pickup. It was lower in a couple of random trades. Maybe a couple of bad traits. As bouncing up off the lows we had these into the session. I want to look a
That is probably a sideshow to what were really looking at, yields on fixed income. Tom jim polson will join us. O one ever says melt up it is always melt down. What a melt up we are seeing across asset classes. Francine or a belt sideways a melt sideways. Before we go to the u. K. , president obama wraps up his visit to saudi arabia. He is meeting with leaders from arab countries on the persian gulf. He reassured the saudi king that the u. S. Is his countries allied. A u. S. Official said that obama did not unleash back off of unleashing criticism. European Central Bank President may use a press conference of my designs that the ecb stimulus is working. Inflation is weak, but the euroarea jobless rates fell to its lowest level in four years. Coming down faster than. Conomists but exit a warning from billionaire investor George Thoreau who says that chinas debtfueled growth reminds him of what happened to the u. S. Nine years ago before credit markets seized in the global recession beg
Putting Jeremy Corban in as their leader. Looking forft and radical economic changes there. The dax in germany is 15 points lower now, just under. 2 . Everybody watching the dollar. The dollar index is lower this morning by just. 1 . The u. S. Trade weighted dollar is something we need to teac kep an eye on. The fiveyear going for 1. 5 percent once you rounded off. The twoyear is at 71 basis points. Topping the list of things were watching today, volatility. The vix fell. Volatility lower this morning despite the fed ahead. Congress is back trying to find a way not to shut down the government in two weeks. Last shutdown hit the economy hard. China, more weak economic data. Credit is growing there. Tom sees may be tiny green shoot out there . Tom yes. A little bit of a green shoot. What an ugly win for the Denver Broncos. That was terrible. We enjoyed the mets, and still managed to pull things out. Wonderful worda for our sponsors and then i will pull up a chart. Bloomberg surveillance