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BLOOMBERG Bloomberg Markets European Open July 12, 2024

Daily virus cases. In some cases, records. Chancellor warns of an unemployment tragedy. Markets tick higher in spite of the dire warnings across europe. Europeile section on ends in the green after the s p dipped into negative territory. The trillion dollar gap. A 2. 4mocrats draft million stimulus bill. As mnuchin says he is ready to talk trump. We will be following this closely for you. Lets take a look at what futures are showing. Pointingfutures higher. We are looking at gains of 0. 4 . U. S...
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Be expected to make some marks around the top of the hour some remarks around the top of the hour. Forward, march. Ladies and gentlemen, the , Speaker Nancy Pelosi of the United States house of representatives. Rep. Pelosi it is with profound sorrow and deep sympathy to the haveurg family that i the high honor to welcome Justice Ruth Bader ginsburg to of in state in the capitol the United States. May she rest in peace. Ladies and gentlemen, ms. Denise graves, accompanied by miss laura ward. That...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

Outcome, a weaker sterling, is stunning into the Fourth Quarter of this year. Plenty onwe will have that smart note from kit juckes. Lets get to first word news in new york city with ritika gupta. The chinese owner of tiktok is gaining confidence its deal with oracle will be okd. Bloomberg has learned it is likely to greenlight the deal as long as it doesnt involve the transfer of Artificial Intelligence algorithms. President trump is ridiculing fbi chief christopher wei, who told congress that ...
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BLOOMBERG Bloomberg Daybreak Asia July 12, 2024

Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 b...
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

See in oil or gold. Maybe things arent all that bad in the underlying real economy, particularly when it comes to china. Coming up later in the hour, we l look at out the china look at the fallout of chinau. S. Tensions. Adc drama is intensifying. Avestors weighing contentious battle over the now Vacant Supreme Court seat. We want to bring in chief austin correspondent Kevin Cirilli for more. What do investors need to watch chief washington correspondent vin cirilli for more chief washington cor...
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Fed kicking off its meeting today. For more on what investors are watching, sarah hunt is here from alpine woods capital. What could the fed due tomorrow that would most upset the markets . Give i think they did not a lot of detail about how they were going to make sure when it was time for them to change their inflation standpoint, when was too much over. If they narrow the window and say we are looking for a tiny bit of on the inflation side. I think they are expecting inflation to run hotter ...
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BLOOMBERG Bloomberg Markets European Close July 12, 2024

Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus s...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

Valley yesterday and bank of england came out now, and they look like a normal central bank, versus the rationalization we saw for decision off 300 out points and down we went as the press conference went on. Jon dont you think it is absolutely ridiculous . Allow me some time here. The chairman of the federal forrve show the forecast 2023. All of the economists turned around and said i thought you were going to target africa target inflation to percent but nothing north of thats. I will draw the...
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

That is better sequentially and Beat Estimates as well. I should point out that july was also revised higher. At a monthtomonth basis, looking at an increase of 4. 8 . It continues the story of the Housing Market on fire, very strong. That is going to bode very well for home sales. We are even seeing private equity going into buying homes to rent them out. A lot of the news coming out from washington over the last 24 hours. Currently, we have President Trump and the first lady paying their respe...
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BLOOMBERG Bloomberg Markets European Close July 12, 2024

Talking more stimulus. Then you have the cable rate. A lot of extension for benefits and the u. K. The cable rate does not move. It is a consistently stronger dollar. Same thing for the gilt market in the u. K. As well. Crude also going nowhere. The real action is in the equity market. Lets dig into that top story in europe. U. K. Chancellor of the exchequer rishi sunak planning to rescue millions of jobs at the coronavirus threatens to derail the u. K. Economy. I know people are anxious and afr...
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