Outperformance of a lot of these subsectors, you are looking at transports, small caps up almost 3 on the day. These other good signs we want to see. Obviously a lot of optimism that a deal between the u. S. And china is being worked out. A lot of this predicated on a couple of tweets i President Trump that seem to intimate that something is imminent. We dont know what, but right now that is enough for the market to rally on. In the bond market here, your 10 year yield 1. 75 . Keep in mind where we were it week ago today, about 21 basis points lower than that. Your three months10 year yield curve spread, we inverted back in may. We inverted for the First Time Since we inverted we uninverted for the first time today since may. Your dollar a little lower today. We will keep an eye on what is going on in the oil market. A little bit of negative news with regards to what we heard with that iranian tanker. Guy the pound trading sharply higher. Feels like a squeeze. Probably is a squeeze. We
A pause, possibly in tariffs due to go up next week. There is a lot more we have to hear from both sides on the details of any truce. We should emphasize, we are not expecting the brand bargain, if you will today. This is not a major deal to resolve all the differences and bring peace to the trade wars, but something to put a pause on things. Have the media itself can there has been disagreement between the president and Robert Lighthizer and the vice premier of what is going on. Is the price of the tariffs. If the president postpones the tariffs, does that give us an idea they are on the road to something bigger, or is it a temporary truce . Shawn it tells us it is a temporary truce. We are a long way from where we were in april or may when they were getting closer to a bigger deal. Thereve been tariffs put in place. One of the things unclear right 110s what would happen to billion trade of tariffs that took effect september 1. A lot of details we need to figure out. This is a partial
No deal brexit. Johnson says his plan was the gift lawmakers plenty of time to debate brexit legislation. In the meantime the Irish Foreign minister says its hard to tell if this is spent you and of the parliament makes a no deal brexit more likely, telling reporters in paris that a priority of brexit is to protect the island of ireland. Need to make sure that the economy continues to function and, most importantly, the commitment that took two years to negotiate a deal with the complexity of those issues, to make sure they are followed through on. That its too late to renegotiate the departure from the European Union. Global news 24 hours per day on air and on tictoc on twitter powered by 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Live from bloomberg World Headquarters in new york, im shery ahn. Live in toronto, im amber can mark. Welcome to bloomberg markets. Your other top stories we are following from around the world. Boris johnson th
Taxes and penalties and keep the entitlements, how is that sustainable . That is the work of the Congressional Budget Office once they receive that score, they will be working for that to make certain it is fiscally responsible. Theine a system where incentives within the system are andto drive down costs respond to the specific needs of patients and in so doing, you will get a much more efficient system for the provision and delivery of health care . It is a system we dont have right now because the Previous Administration felt the federal government ought to do all of this. We saw what came about when the federal government does all of that. I you have a card that says you have insurance but you walk in and cant afford the doctor that is trying to take care of you. This is not a system that is working for folks [indiscernible] thehave complained that portable character resulted in higher waits at emergency rooms. The portable care act resulted in longer waits at emergency rooms. The
Taxes and penalties and keep the entitlements, how is that sustainable . That is the work of the Congressional Budget Office once they receive that score, they will be working for that to make certain it is fiscally responsible. Theine a system where incentives within the system are andto drive down costs respond to the specific needs of patients and in so doing, you will get a much more efficient system for the provision and delivery of health care . It is a system we dont have right now because the Previous Administration felt the federal government ought to do all of this. We saw what came about when the federal government does all of that. I you have a card that says you have insurance but you walk in and cant afford the doctor that is trying to take care of you. This is not a system that is working for folks [indiscernible] thehave complained that portable character resulted in higher waits at emergency rooms. The portable care act resulted in longer waits at emergency rooms. The