,ood morning on Bloomberg Radio good morning on Bloomberg Television as well. Interesting markets as well. We will talk about the market in a moment, whether you need to climb back on board. Lets get right to the yields right now. Yields a little bit higher here. That has proven to be lower prices, stronger yield just in the last hour. Jonathan yields up about a basis point on the 10 year, but yields have been all over the place. They havent really gone anywhere in the last week. Weve been in and around 70 basis points on the 10 year, and that is about where we are this morning. Tom we got a weve got to touch on tiffany. I know youve wondered over in london, and you need the tiffany china mugs for 200 pounds large. But they are not going to do it with lvmh. Jonathan i will take a pass on that. I will be spending less time there, thats for sure. The reason they are giving and the reason people are suggesting is around tariffs on french goods. It is not for me to say whether that has bee
Here in the u. S. As you might expect. Or as the futures were indicating. Lets start in china. If you look over the past week or so, we have the shanghai composite. The Circuit Breakers triggered on monday and today. I want to zoom in on today and what we have seen overnight. Only 29 minutes of trading. Stocks,op in chinese 7 . That closed the market for the entire day. Drop in u. S. A 20 stocks to get a full day closure. But the chinese authorities have now suspended the whole idea of Circuit Breakers for the moment. All of this happening as we once again saw a devaluation in the chinese currency. Lets take a look at that chart as well. This is theling dollar versus yuan on the day. That is what sparked all of this. Concerns about just how worried they are about chinese growth. Betty they are indeed. Chinese Growth Prospects are spilling over into other asset markets. Oil prices tanked not all of this. Julie oil prices definitely tanking. We saw it trading at its lowest closing since
You can look at topline gdp and conclude where china is going hard or soft. Erik Bernie Sanders blast bankers. All straight ahead on bloomberg best. David hello, i am david gura. Look into bloomberg best. 2015 with the year of significant volatility in Global Markets and the 2016 trading year has begun the same. Our view of the week kicks off with a manic monday. Anna a new year, a new roller coaster. Chinese markets trading has to be closed early because Circuit Breakers kicked in. The composite was down by more than a percent. More than 8 . A lot of concern about the manufacturing data that came in weaker than estimated. Today was the first day that we saw the Circuit Breakers take affect. Do you think the Circuit Breakers actually contributed to it . Theyre going to say it intensified the selling. As it got closer to 5 and after 5 , people wanted to get out as quickly as they could. It took seven minutes to get from 5 to 7 . It is hard to forget the worst start to the year for europ
Hard landing . You can look at topline gdp and conclude where china is going hard or soft. Erik Bernie Sanders blast bankers. All straight ahead on bloomberg best. Erik hello, im david bureau. Look into bloomberg best. 2015 with the year of significant volatility in Global Markets and the 2016 trading year has begun the same. We kick it up with a manic monday. Ended numeral a coaster. Chinese markets trading has to be closed early because Circuit Breakers kicked in. The composite was down by more than a percent. More than 8 . Do you think the circuit actually contributed to it . Theyre going to say it intensified the selling. As it got closer to 5 and after 5 , people wanted to get out as quickly as they could. It took seven minutes to get from 5 to 7 . It is hard to forget the worst start to the year for european markets. Mark parker wrapping up the traits. Today worst year prior to fell by 1. 7 . Looks like we are going to close around 2. 7 lower, a third of last years 6. 8 has been
Bankers. All straight ahead on bloomberg best. Erik hello, im david bureau. Look into bloomberg best. 2015 with the year of significant volatility in Global Markets and the 2016 trading year has begun the same. We kick it up with a manic monday. A new year ended numeral a coaster. Chinese markets trading has to be closed early because Circuit Breakers kicked in. The composite was down by more than a percent. More than 8 . Do you think the Circuit Breakers actually contributed to it . Theyre going to say it intensified the selling. As it got closer to 5 and after 5 , people wanted to get out as quickly as they could. It took seven minutes to get from 5 to 7 . It is hard to forget the worst start to the year for european markets. Mark parker wrapping up the traits. The worst year prior to today fell by 1. 7 . Looks like we are going to close around 2. 7 lower, a third of last years 6. 8 has been wiped away in one trading day. Not a happy new year. The dow industrials closing 276 it took