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BLOOMBERG Bloomberg Surveillance July 12, 2024

Lisa hurricane laura is moving rapidly toward a category four hurricane, possibly inflicting billions of dollars of damage on the gulf coast. Interesting to see how that evolves with respect to oil prices. What else can 2020 bring . Tom it is going to bring a lot of challenges in academic growth. Futures red and green on the screen. Lets get right to the Business Review this morning. Ata what we are looking for 8 30 a. M. Is the july durable goods numbers. Interesting to see what this tells us a...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

What is so interesting is where central bankers will be. Mark carney, the governor of the bank of england, it is just out across the bloomberg that he has finally landed. I thought he would be running the toronto maple leafs, but he will join the venerable brookfield of toronto. This is one of the Sterling Companies of canada, 100,000 strong. Esg. E will go all lisa hes going to be leading the environmental and social governance Investment Strategy at brookfield, which is eventually expected to ...
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Come to a deal. We will have more on that, but still a super solid bid. We will break down all of this for you coming up. Coming up we will be talking to richard horton, and also mike wirth, the chevron chairman on the latest takeover. Leaders reconvene in about one hour for stimulus negotiations in brussels. Here with more is michael mckee. There is so many details within this. I guess the bigger question is, is this actually good . Michael that depends on your definition of good and the timing...
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Of that. And in terms of the month on month number we are looking at a 16 jump. So a decent recovery in the Housing Market. It is starting to show signs of life again. We will talk more detail about what is happening in the Housing Market, in terms of construction in the united states, all in a moment. Alix the Richmond Fed Manufacturing index at zero. Could not imagine a world where that would be good news. Coming up onlking what is happening in the Trump Administration and how the markets need...
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BLOOMBERG Bloomberg Markets Balance Of Power July 13, 2024

He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a b...
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BLOOMBERG Bloomberg Markets Balance Of Power July 13, 2024

I think it is important to keep we actually havent seen a vote on the 100 billion stimulus. [indiscernible] now they are going to try to work on a much bigger bill. But keep in mind it has been difficult to get this package that is much more targeted past the goal line, so we need to keep our expectations and check in terms of both timing and scope. It is a big number that would be welcome by the market and by the. Conomy [indiscernible] , the could actually happen market needs to keep their exp...
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BLOOMBERG Bloomberg Markets Balance Of Power July 13, 2024

They want to go to france, they want to go to germany, they want to go to these countries where they came from. That is their home. The u. S. Is not their home. It is not fair we are holding these people and that other countries are not taking them because we are bearing the cost. I think nato should be expanded and we should include the middle east, absolutely. We paper a big percent of nato. We pay for a big percent of nato. If you speak to the secretarygeneral, who is doing a terrific job, he...
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BLOOMBERG Bloomberg Surveillance July 13, 2024

Investors should prepare for this. What does this mean for the pound, which has been stuck in a range, and for u. K. Stoxx at large . As far as the pound is concerned, the rally you have had reflected a significant reduction in the risk of a no deal brexit, so for the time being that seems to be off the table. We are stuck a bit around 1. 30. We need to know where we are going, and until we get past the election and have a sense of what the majority is, it is impossible to have any assessment ab...
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BLOOMBERG Bloomberg Markets Balance Of Power July 13, 2024

This is the second month and a rope where it surprised to the upside. It was coming down. Is it going back up . Carl it still looks like there is a broader deceleration underway but the slope is much shallower and it tells you some of the handwringing over the trade war is overblown in terms of the consequences for the broader economy. The trade wars negative without doubt. Growth is slowing. As the economy slows, hiring should slope, but things are not rolling over. Written a fair amount about ...
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BLOOMBERG Bloomberg Markets Balance Of Power July 13, 2024

That will not happen today. It means attention turns to with the Withdrawal Agreement bill. This is a huge piece of legislation that would essentially bring the brexit deal and a part of the u. K. That is due to be published later this evening and then you should have votes on that tomorrow, the first of which would be a second reading and essentially if that goes through, it would be seen as a big win for the Prime Minister because it would mean mps back to brexit deal. They are happy for legis...
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