In u. S. Inflation numbers. Medicine, food prices higher. Usedcar prices rising the bust since 1969. A deceleration in Core Services prices. Pandemic buying patterns have altered to the point that transportation, lodging away from home, still seeing an increase. The data is signaling little acceleration. Lapsed fiscal eight. Policy rates still years away. When you scrape beneath the Surface Company inflation data is pretty lackluster. Joe it came in pretty much right as expected across the board. You mentioned car prices. We will talk about that a little bit later. To me, the big thing is that white line. I think it offers a a lot of signal here. Unlike a lot of other lines, this one continues to be saggy. I think it is consistent with this ongoing disinflationary slump, not exactly it is the opposite of hot, whatever that is. Romaine we saw underneath that data, Something Like grocery prices actually fell in the recent month. When you talk about whether there is inflation, i guess the
The stock up close to 100 this week. Is that a squeeze or a fundamental reevaluation . We have seen travel stocks really rising quite sharply this week. Lets take a quick look at the european markets. Theres a bunch of factors i want to focus on, plus a global view of what is going on. You can see what is happening with the chinese currency. 0. 5 ,an stocks up around pretty much matching the gains in the united states. We are watching stimulus pingpong. Italian 10 year, there it is. Some pretty big moves over the last few days. Then weve got what is going on with the chinese currency. China back today from golden week. A huge bid in terms of equities and the currency. Will the pboc squash that one . We will wait and see. Europe focusing on what is happening with the lockdown story and what is happening with the bond markets. Lisa the pandemic ongoing, leaders stepping up to contain the surge in virus cases across the continent. Bloombergs maria tadeo joins us with more. What do we know
In spain, new infections slowed slightly but officials are worried about a second wave of covid19, now that the country has emerged from a strict lockdown. In portland, oregon, another night of violent protests. Targeted a u. S. Immigration and Customs Enforcement building, spray painting the building, breaking windows, and shining laser lights on agents. Authorities declared it a ride and used tear gas to break up the crowd. Violence is ripped the city for three months since george floyd died in Police Custody in minneapolis. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following from around the world. A stumbling block for the u. S. Labor market as applications for Unemployment Benefits inc
Have one today, chipotle, the companies that fell a great deal and made a snap back like tulio where it makes it so you can take your Small Business and take it large, what do these things have in common . They are omni channel for companies that would otherwise fail i think its this is ingenuity quarter. I know there will be people who say its a v quarter, i know there will be people who say its because the fed i think its companies that recognize what was the matter and found ways to make money i found it a very inspiring quarter given the cynicism that were surrounded with and the negativity which is frankly overwhelming for many people so you think that even though the fed has bought, what, 1. 7 trillion in treasuries in four months and even as that pace flattens out were going to continue to get innovation like that i find there is Just Innovation everywhere. I had honeywell on last night, theyre solving the problem of the vials with plastic, there arent enough vials to go around
The option to use active duty forces in a law enforcecement re should only be last resort and only in the most urgent and dire of situations. We are not in one of those situations now. I do not support invoking the insurrection act. Esper m made the remark aftf trump said d he would use troop if needed to maintain security. 1,600 troops have been moved to the capital area and stand ready to be deployed. Protests continued across the United States for the ninth straight day since george floyd, an unarmed black man was killed in police custody. The Associated Press says at least nine people have died and 9,300 others have been arrested since the start of the demonstrations. The movement has spread to europe. Thousands of people joined protests in london and stockholm. But the now fired Police Officer who pressed his knee in floyds neck for over eight minutes was charged on wednesday with Second Degree murder. After repeated calls for the other three officers on the scene to face charges