Michael Feroli News Today

Little ahead of expectation. The employment number has picked up a little bit as well. But you need some real analysis on what is happening here. Theres one man to ask, mike mckee, bloombergs International Economics and policy correspondent. Michael read into it what you want. The numbers for ism do come in at a headline level lower than the last month. 56 last month, 55. 4 this month. It would suggest a be a little slowing, but that is the statistical anomaly probably. It isnt a major change. W...

Worldwide on Bloomberg Radio and Bloomberg Television. Weve been doing this for 19 years. Each year is different. Vice president pence will travel here to the memorial site, maybe with Vice President biden in attendance as well come on his way to pennsylvania. It is a most different september 11. Jonathan 8 46 eastern is the first moment of silence as we observe United Airlines flight 11 striking the north tower 19 years ago. Tom there are all sorts of remembrances, but no one on this team but L...

Tomorrow. We will have our fed coverage as usual. Then onto an exceptionally busy end of the week. Theres no question about it, you wonder where this stimulus debate will be in washington by the end of the week and into the sunday talk shows. Jonathan 98 days until the election, you would think washington, d. C. Would get it together. Just as the economy starts to roll over, as that recovery starts to plateau, the collective will to do a whole lot more fades. That is the story, and it is always ...

In brussels. Then you rollover in the stimulus, and the struggle is to get to august. That is what they are going to do at the white house today to have senator mcconnell go up to. Ee mr. Trump this is a Republican Party in fullscale panic. Jonathan congress returning to work. A 2 trillion spread between democrats and republicans going into these negotiations. Lisa it will be really interesting to see what President Trump is demanding and what he is willing to give up. Lets start with what tom a...

One interesting thing is we finally have a little bit of strength for the dollar after the fed yesterday in a while range, now slightly higher. This is tampering gold. A gold rally is on pause. Not a strong Risk Appetite on the day to say the least. David at the same time, we had the big tech hearings with the four ceos getting beaten up. We had some big earnings today. Does it look like tech might be holding up a bit better . That tech hearing yesterday, they lucked out, or investors lucked out...

Be worrisome. Arestors seems that they looking to a lot this great Second Quarter in, david. David the consumer board came out with good numbers on positive consumer confidence. We are going to get fedex after the bell today. What are we looking for . Abigail relative to the earnings, micron put up a Strong Quarter and boosted the outlook carrying the outlook boosted the outlook. That wasto the quarter a stunning quarter, i wonder break it down. 18 this quarter. The best quarter since 1998. Trea...

Space. Oil getting a bit of a reprieve. The concern is you have even more oil flow if the opec deal comes to an end. We want to get you todays market moving news from new york as well as washington. We want to start with the latest pmi data. Factories around the world suffering one of their grimmest months on record in march. Fbloombergs Michael Mckee joins me for more. Theres a lot to dig into. Give me some of your takeaways here. Michael mr. Rogers word of the day is contraction. Across the de...

Economy remain strong. The unplanned rate has been near halfcentury lows for more than a year. Job gains solid in wages have been rising. These strong labor Market Conditions have underpinned solid household spending, which has been the key driver of Economic Growth over the past year. Fomc meetingf our in january, prospects for growth remain favorable. Judge that monitoring policy was wellpositioned to support that outlook. Since then, the spread of the coronavirus has brought challenges and ri...

Cable. T to highlight you could argue we are not really going anywhere. Poin the 50 basis point cut to be already priced in. We get more coming out today on the 10 year. Yields down by about 10 basis points. Crude continuing to rollover. Time now for global exchange, where we bring you todays market moving news from all around the world. From london to rome, to hong kong and new york, our bloomberg voices are on the ground with this mornings top stories. The bank of england cutting rates to help...

10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action wh...