Francine welcome to bloomberg surveillance. These are the markets. The stoxx 600 gaining a touch. The u. S. 10 year yields going to around 2 . Deutsche bank after the massive overhaul gained one point 7 . We did have a little news out of the german Industrial Production data. Bit of gaining a little temper on some of these markets. The market is going toward 2 . Coming up, we heard from the associate general chairman, what he had to say about the fed, ecb, and more. Lets get to the bloomberg first word news. The lira swamping after president erdogans decision to replace the countrys central bank chief. The dismissal has fueling concerns over the regulators independence. In a meeting, erdogan reportedly told policymakers to get behind his conviction that higher Interest Rates cause inflation. This morning, greece has a new Prime Minister from the right Democracy Party. The election handed him a mandate to tackle the nations chronic woes. New democracy is set to get a perlman treat major
Lacqua in london. Stoxx 600 gaining. Optimism on the u. S. China trade war truce waning. Focus onear yield, Central Banks in the fed. President exclusively on surveillance tomorrow. The cut extension. Crude oil 59. 08. We will hear from irans oil minister. We focus in on iran and sanctions from the u. S. Opec extending production cuts into 2020, as the worlds , talks inporter vienna were wrinkling. The commitment to a ninemonth extension is solid, strong. Not only are recommitting to individual commitments to conformity from all countries. Tariffsd trump says against mexico are off the table, after the country stepped up efforts to stem the flow of migrants from Central America to the u. S. Trump said mexico is doing a great job and having a big impact on migration. Australia cutting the key rate for the second straight month. Policymakers attempt to provide support to a slowing economy. The Bank Governor lowering a key rate to 1 . Italys government lowering the deficit in a bid to com
Now saying the country is willing to European Union has given the ecb president other tools to use in case of deeper prices. Druggie in the ecb did not go too far when it unveiled the Bond Buying Program in 2012. That happened right after he declared he would do whatever it would take to save the euro. Stephanie boeing has extended its lead over airbus on the second day of the paris air show. Bowling pulled in its biggest deal yet agreed to sell 100 of its 737 max jets to the dutch leasing firm. It is almost 11 billion. Boeing has a most 30 billion in sales so far which doubles airbus; total. Five people were killed when an Apartment Building balcony collapsed. Eight people were injured, and some are in critical condition. The average government says some of the young people are just some of the victims are young people from ireland. In hockey, the Chicago Blackhawks have won the third stanley cup in six years. Chicago beat tampa bay 20, winning the bestofseven series 42. Duncan keith
Islam asked a took credit for the result, likely used to distract from the battle islam it state took credit for the assault, likely used to distract from the battle mosul. The pulse nightclub has reopened after the worst mass shooting in United States history. Global news 24 hours a day powered by more than 2600 overalists and analysts in 120 countries. I am mark crumpton. This is bloomberg. Scarlet we are 30 minutes from the close of trading. Live from bloombergs World Headquarters in new york, i am scarlet fu. Oliver and i am all of her run it rallied to its highest level since march. British American Tobacco has offered 47 billion for Reynolds American. That would give them a full hold on the company. Plus, Central Banks have cautious messaging. We will show you where the pain could spread. Jokes at atrumps new york dinner strike a sour town just 24 hours after engaging in the final debate. Clinton and trump garnered s from the boo crowd. Oliver its take a look at where markets are
Bailout money, greece will not be able to retain an imf loan for the next month. Olivia Richard Shelby wants to make the most extensive changes to the dodd frank financial reform law. One of his proposals could free up 66 billion in capital for 11 lenders including american express. Shelbys Committee Vote debate the bill today and he wants to raise the point at which banks are considered systemically important and that was that some small lenders reduce capital levers and return some of it to shareholders. Mcdonalds is bracing for more protest today when shareholders meet at headquarters in chicago, illinois. Demonstrators marched on the mcdonnell conflict yesterday and they want workers to be paid a minimum of 15 an hour and have the right to unionize. About 100 protesters were arrested and todays meetings the ceo told stockholders since the first time before coming ceo. Erik after more than 6000 shows, David Letterman said goodbye last night. He signed up cbss late show for the last