Annmarie hordern. Live from new york city and good morning. For audience worldwide this is bloomberg surveillance. En jonathan ferro, your equity market for the s p 500 negative by 0. 2 taking off q2 hitting a bump in the road when it comes to manufacturing. Manufacturing data entering expansion for the First Time Since september of 2022. Prices paid a little bit firmer. Setting off right across the curve. Lisa the idea they came in at the hottest level since 2022. People are wondering is this a commodities led blip that is temporary or transitory or is this something deeper that has to do with the ends of goods disinflation. Jonathan the commodities board, wti through 85 a barrel. Brent getting closer and closer. We are talking about the highest level since october. Throwing gold alltime highs on gold again. What is happening on the board right now. Annmarie obviously you will see a risk premium because of what happened yesterday which is an israeli strike on a key individual in the I
Im also looking at the treasury yields. You can see that 10year at 2. 77. Things are stabilizing somewhat. Gold had a big move it yesterday as a hedge against all the volatility. Old is still up. We will hit the latest market moves. Oil. Also talk crude on, weittle bit later will be joined by blackrock. I want his take on investing in the markets. Lets get straight to the first reviews. The u. S. House of representatives had passed a stopgap spending bill to fund the government until march 23. A senate vote would send it back to the house before thursdays deadline. President trump said he would welcome a shutdown if democrats refuse his demand for a immigration overhaul. President trump if we dont get rid of these loopholes, people continue to come into our country and kill. That are many gang members we do not mention. If we dont change it, we will do a shutdown. It is it it is worth it for our country. I would love to see a shutdown if we dont get this taken care of. Nejra donald tru
Right now we need to get you caught up here and here are the top headlines with vonnie quinn. Vonnie Alexis Tsipras has run up the white flag. Calling for immediate action to a with a bailout. Plus, greece will have to transfer 55 billion worth of assets to a holding company. German chancellor Angela Merkel says it is about time for greece to take responsibility. Angela merkel trust has indeed been lost but we all know that what will the important is to implement what we have agreed on doing. Vonnie tsipras own party mutinied when he asked for the endorsement of a new austerity program. A new deal on the Iran Nuclear Program could be announced as soon as today. Negotiators want to stop iran from making nuclear weapons. Any deal would still have to be reviewed by congress. Senate Majority Leader Mitch Mcconnell told fox an agreement would be a difficult sell. The crowded field for the republican president ial nomination gets bigger today. Scott walker will join the race or he became the
Gave Alexis Tsipras the victory he needed. Lawmakers approved a package of pension talks and tax hikes. Those had to be passed before greece could get a bailout that might deliver 94 billion in aid. Tsipras argued for the plan from the parliament floor. Mr. Tsipras during these past five months, we have fought hard. In view of this struggle, which had omissions. I take responsibility for this. I am not walking away. Vonnie the eurozone responded. Officials had agreed in principle to give greece a 7. 6 billion u. S. Dollar bridge loan until the bailout. President George H W Bush has been hospitalized in maine for a broken bone in his neck. Mr. Bush sell at his home. He is 91. A Spokesman Says he is fine and will be in a neck brace. Joe biden seeking support for the nuclear deal with iran. After meeting with democrats, he said i think we are going to be ok. Many democrats are skeptical. Most republicans are flat out opposed. So is israels Prime Minister appeared president obama addressed
Throughout the hour. Other news, google, bright spot in todays tape. Not everybody is happy about the tech giants restructuring and changing the Holding Companys name to alphabet. We have someone who says these actions will come at the shareholders expense. He happens to be one of those shareholders and hell explain what hes talking about, coming up. As those shares still up 4 . A rare green spot in the session today. Yes. Cyber security meets insider trading. We have the details on charges against nine people allegedly involved in a multimillion dollar hacking scheme, coming up as well. That is huge. That is a huge case. We start first with the chinese currency being devalued by nearly 2 officially. The markets have done otherwise. That move from the peoples bank of china sparking todays global selloff of ek quities and commodities. Mark chandler, welcome to you. Walk us through the impact how will this cascade throughout the Global Financial system . A lot of uncertainty. We make a d