Finance minister. President trump says Jerome Powell and his team dont have a clue. Haidi we saw shery we saw a downfall while the s p 500 was down. 2 of your declines on the s p 500. We have a very strong u. S. Jobs two hundred 24,000, beating expectations. That leading to traders curving back the fed rate cut expectations to the treasury yield, the 10year yield come at least 2 , and equity markets fall from highs. We see futures unchanged at the moment. Shaping upow we are for the asian markets. Could be looking at a riskoff session today with stocks already under pressure in wellington. Some we could see in tokyo. Futures are pointed higher. The Tech Industry navigating japan. The south korean president yesterday moved. 200 is set to lose points, but it is not too far off from the alltime high off of that mark. Checking in on the turkish lira, after falling as much as 3. 5 early in the asian session, we are going to see more action when money comes on long, facing backlash from pres
We havent seen the Biggest Development as mexico on trade yet. Nevertheless, the mexican peso weaker and above 19. Lets see where we stand before the close. Its been a positive day in europe, right now moderating those gains. 1 10toxx 600 up just of 1 . Bonds are selling off, and yields are higher. The french 10 year yield a measly five basis points. Turkish lira one to keep an eye on. Geopolitical tensions there as well with the delivery of missiles. We will be talking about turkey and lots more throughout the next two hours. Lets get straight to that breaking news, the resignation of labor secretary alex acosta. The president is speaking with alex acosta right now. We will get to those comments in just a few moments. Bloombergs and adjutant joins us from washington, d. C. Bloombergs Anna Edgerton joins us from washington, d. C. Anna it really looks like it just got to an untenable situation for acosta. He was kind of the face of this lenient plea deal that Jeffrey Epstein had gotten
David if they could get the pay equal to the americans we would have all would be all set. Finals on sunday, right . Scarlet yes, it should be a great match. Cant wait. David neither can i. Scarlet looks like were going to have a higher day on wall street, building on gains after the s p set two record highs the last two days. A lot of data coming up over the next hour and a half. Weve got factory orders, durable goods, i. S. M. Services and euros, slightly firmer against the dollar. P. M. I. Improved in june. But all the growth is really in service, not in manufacturing and the demand for havens continues. You can see the green color showing buying and treasuries, bringing the yield down. 1. 95 . And with that demand for havens, extending. G gold euros sixyear highs. David its time for the morning brief. This was coming up today. Were going to get u. S. Trade balance data for may may. Around 9 15 this morning, ford will be releasing its latest sales for america. And we get june Market
Spiking over those concerns over iran also coming up on the show, House Financial Services chair Maxine Waters on why she wants a hearing over facebooks crypto play, libra. Join us, stephanie link, from levine, welcome. Are you doing buying today little bit. Little bit like what little Semiconductors Semis little broadcom i started a position last week when it fell 8 on the day and i just kind of think that the valuation makes a lot of sense and well see. Its a china proxy for sure, so something good has to happen on trade but i think the valuation is discounting a lot stephanie i was talking to one senior trader who said that the threat of a cut on Interest Rates is more powerful than the cut itself and that therefore its harder to get this same good news again. Likely be dialing back the promise of a cut or it will be the cut itself youre coming from a much lower base than historical levels but it was good news that we got i think the commentary yesterday was exactly what was needed.
Yesterday with donald trump in the oval office and he talked both sides of the question. Pres. Trump fortunately that drone was unarmed. There was no man in it. We didnt have a man or woman in the drone. It would have made a big difference, let me tell you. It would have made a big difference. I have a feeling i may be wrong and i may be right, but i am right a lot i have a feeling it was a mistake that shouldnt have been doing what they did. I want to get out of these endless wars. I campaign on that. This is a new fly in the old meant in the ointment. This country will not stand for it, that i can tell you. David but i dont to get into a war. We see two kinds of the sewing two sides of the coin within the president s and min within the president s own mind. Alix lets take a look at what is happening in the markets. Gold crashing up against 1400, and that is paired back a little bit as the missile strike was called off. Youve got s p rebalancing. All of that means a lot more volatilit