The moves in europe have been tremendous. A 58 basis point move upwards for the 10 year in italy. Moves. Re huge a big selloff in the bond market is not going to make the equity markets happy. You have limit down at one point for s p futures. The dollar keeps performing higher and higher. At some point, that is going to wind up crimping the Global Economy as well. To wrap it all into a neat bow, you have crude, the bottom falling out for that market. Goldman says they see brent coming to 20. Time now for global exchange. We are going to bring you todays market moving news from all around the world. From washington to new york, brussels, and london, our bloomberg voices are on the ground with this. Mornings top stories. The Trump Administration has promised a 1. 2 trillion dollar stimulus package, including to americans. Joining us is kevin cirilli. Where are we in getting this done . Kevin within the next week, i am told by sources. The president hasnt injected the treasury secretary S
We see a bit of a drop when it comes to european stock equities, down some 0. 4 . A lot of the focus is on what Central Banks will and wont do in the upcoming days. Looking at pound, because of herschel he parliament and the suspended. Rogued, 1. 63, soear yield at it is stabilizing a little bit. We will be speaking to a Morgan Stanley chief executive. That interview coming up at 7 30 p. M. London time, but first, lets get straight to new york city and the bloomberg first word news. Of the chineser communist party taking aim at comments from a peter navarro, saying they are unconstructive lies. The president ial advisor is considered a hawk. He has repeatedly accused china of seven deadly sins. The peoples daily says such comments are preposterous. Te winningster con the first of two confidence votes in the italian parliament. Withomised to work closely brussels on a 2020 budget featuring lower labor taxes and a minimum wage. Later today, his Government Faces a senate vote. Factory pri
The u. S. Economy and the fed path this year . And the former uber boss travis the private sale of a 29 stake in the business. Will this be the start of a new era for the Ride Hailing Company . Matt good morning, guy. Great to see you back here on the european open. Take a look at what we are inecting this morning futures. Not a lot of movement there as far as directional change. Maybe we see it continue to this rally we saw yesterday, although i cant believe we would see the same kind of scale as yesterday. The cac and dax yesterday and euro stoxx 50, up 1. 5 . Big gains in europe yesterday. We could see gains today. You would expect to see investors selling off debt in order to raise cash. You dont see that so much. This is the onemonth chart. Let me switch it to oneday chart. Bund truem into the today. Yields are up a bit, so investors are selling off on this to a next and, but looking at a 44 on the bunds. Not a huge for break from the range. Thatstocks bid, the story has dominated
We have a lot of news for you. We need to look at the debate over the u. S. First things first. Lets quickly get onto your market check. This is what i am seeing overall. Losing somes momentum as investors try to digest recent gains spurred by the prospect of tax cuts in the u. S. , but also optimism for global growth. I am looking at oil over in texas. West texas crude sledding to 50 a barrel. Im also looking at gold. The dollar remains higher against most of its major counterparts. Im also look at what is happening in the topix in japan, the highest in two years. Nejra the white house has ruled out talks with north korea over the nuclear arsenal. Spokespeople told reporters that now is not the time to talk, adding that the u. S. Is interested only in discussions threeing freeing american citizens being held in the onion. Pyongyang. The the Justice Minister said the country would use all the tools at its disposal, including if necessary, the suspension of autonomy. S aussi dollar. Inf
And russia say they are in favor of extending an output cut into next year. Oil jumps to its highest level in two weeks. How far could a Short Covering rally take crude . We will talk about that in a moment. And europes new power couple. After a big win for merkel in the key state of north rhinewestphalia, how will macron and merkel reshape the eu . They meet in berlin later today, matt. Matt thats right. Expecting that meeting around. Oon, so six hours from now we are less than a halfhour from the european open. Bureau stocks euro stocks rising a quarter percent. Cac futures, looks like a risk on day. Investors are selling off bunds. I have a threeday chart, lets move it to one day so you can see the price action. You could see some volatility there, but yields are still up 0. 4 . Right now, to. 0 guy what do you make of the win for merkel . North rhinewestphalia is big, and she took it big. Is it in the bag, when we get to the central vote in september . Matt i dont think you can say