Etf instead. We drill down into homes. Love them or hate them, etfs are here to stay. Flows into etfs signal a broader shift. Eric is here to talk about what he sees. Eric we have been talking about the great summer we have been having. You can forget that. They saw 25 billion in the past week. That is a monster amount. We have seen a couple of bad days. A lot of the money that came in, we said it was trading crowd money. That is very fickle money. 13 billion out of spite. And that will be the second workweek that holds up on record. A lot of this liquid stuff. This is retail. A lot of it is the etfs an institution would use in place of futures. Lets see if anything is doing well. Two things stick out. You have some of the retail money hanging tough. Ivv and vu taking in money. It takes a lot to spook them. You have a little bit of hedging. Usmp, a huge year. Gold has been slowly building up a mass of flows. Lets look at gold with summer. You can see how much money has been coming into
What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the next tit for tat in the u. S. China trade war. How is the
Im looking forward to talk about the fed and joe biden in one breathe. Maria exactly. Your reaction, markets, i guess jon markets were very disappoint and happened to jay powell several times where hes not doveish as the market expected. Everyone is talking how the stock market reacted, watch the dollar, the dollar is getting a lot stronger, that will be a political problem for jay powell, President Trump does not like seeing the stronger dollar. Maria youre also going to see cut into earnings, multinationals who will be blaming the stronger dollar on weak guidance and weaker than expected performances. In a world with trade is unkern. We will uncertain. We will talk about that. Remember when every president wanted a strong dollar, they wanted a strong dollar from reagan on. Maria they said they did. The president s economic adviser was always in favor of strong dollar. People are giving you money, you must be doing well, so trade deficits where people are giving you money and i love a
It is going to be heavy downpour. The main thing i am concerned about is flooding concerns. We have so much moisture. It isoing to come down to the surface and right now no rain out there. We again have the snshine out there. Most of the fog is burned off. Here are the temperatures. We are in the 70s or the lower 80s. 82 in d. C. Feels already like 88 here in d. C. We know it is going to be a hot day. Feeling like 91 in baltimore, 93 in annapolis. A warm day out there. If you are heading to the pool today, it is not going to be that bad early afternoon through the morning. But any time after 2 00 or 3 00 we will see storms develop. Ets talk about your sund coming up. All right lauryn, thank you. Happening today far rigld groups ho a major rally that could be i heatedn the district. An Antifascist Group got a permit to gather across the street. Now live with more on todays events. What is it looks like out there . W right all calm and quiet. You can see preparations are underway for a r
Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,