Jonathan Bloomberg News Today

Tom good morning everybody. Bloomberg surveillance. An extraordinary friday getting ready for october as well. Fox, mr. Ross drops a bombshell. He will take tiktok away from my children. I dont believe it, including updates. Aboutan shall i be clear what is going to happen . As of monday you wont be able to download the app. If you download the app, you wont get the updates as of monday. As of november 12, if we dont have a deal, that is when the shutdown comes into force. In plain english, that...

Thise talking about dispute between america and china over intellectual property theft, which means that the u. S. Gave very little notice to china when closing its consulate and that is analogous to this deteriorating relationship that seems to be deteriorating fast. Tom flareup absolutely captures the moment. Now with a news update our first word news from new york city. Discussing, china calls it an unprecedented escalation. The u. S. Has ordered the chinese consulate in houston to be state, ...

These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south af...

End of the curve. I dont think it is that problematic, but it is telling us there are different players in different parts of the yield curve. It is not just the shape of the u. S. Curve. It is the differentials with other curves as well. Thats a testament to the influence of other Central Banks besides the fed. The rest of the world is still printing money. Ecb, bank of japan. The ecb promised they will do that until september of next year. It is hurting duration and credit risks. Those two thi...

Gains. Markets and euros doing nothing, even with some german confidence numbers. In the bond market, treasury yields up by three basis points. A steeper yield curve in todays session, as wall street gets back to work. Lets get you some headlines outside the Business World. Hears taylor riggs. And russia have agreed on a former to extend Oil Production cuts, according to people involved. The agreement is set to extend cuts to the end of next year. Balkinglin has been anthonys foreign extension. ...

Yield curve beginning to stephen. Stephen. Steepen. They will be less foreign participation for treasuries. When you add in the 700 billion next year, we think that the rest of your recipe for a steeper curve. Is unlikely the curve ends steeper than it is currently . Unlessunlikely the fed starts the ease. Very unlikely scenario. Very much likely contining to flatten. Inflation maybe ticks up a little bit. The yield curve continues to flatten. Critically, it does not invert. Im worried about it,...

Solid. Disappointing in many ways. 3 in wage growth. 2. 5 over the last 12 months. We could still be on a path up to 3 . That would be a sign of improvement in the jobs market. 3,he wages would be revisions back down to. 1. 2 per month is what we are looking at. If you can get wages going, you can get inflation going, which is what the fed wants to get going. I do think you are seeing pretty solid labor markets that are not extremely overheating, but is is but it is a good thing for market and e...

The special theme, sooner than you think. Megan sooner than you think has been a core where think you may not even be thinking about now but are actually coming up much closer and much faster and you expect. A lot of times we talk about , but we want to talk about the lesserknown trends. We talk about china and Live Streaming, how you go about with urban the challenges facing the urban centers, mapping where tech is really exhilarating. You are not here in as much about them. Taking them to the ...

Trading 30 minutes away from the end of the friday session. Down for a second day in three lead by grace, denmark, and the ftse in london. Sterling continues to rise as the pound continues to rise, 1. 4 higher against the dollar. A boe policymaker goes from dove to hawk and increases the chance of a rate hike in coming months. H m had a bigger summer sales clear out inventory and did more in the Second Quarter than it would probably mean to discount need to discount more in the Third Quarter aft...

Getting real wage growth. 2. 9 wage growth is the headline. I think that is good for american workers. Looking at the wage growth, you are looking at the the unemployment number, which is the bright news here. Janet yellen said in a healthy labor market wage growth is between 3 and 4 . We are just about there. As long as wages begin to rise towards 3 , they certainly are. I think the fed is a slamdunk in terms of raising rates in december. This confirms a story that has been permeating the marke...