Would be a market improvement from these wounds that we experience, there is so much tension in the air, im going to try to cut through it, the good thing i have some of the best to help me, President Biden meeting with the japanese and korean counterparts, how much will they callout china if at all, the counteroffensive is failed, what is next for ukraine, did elon musk kick bitcoin to the curb, Natalie Burnell joined me in studio, really beating the peak time of consumerism, see the latest example of the nation addictive to spending way more than they have, that is my take, all that and so much more on making money. Charles i decided to dedicate today show to petra belgium draft horse considered to be the Strongest Force in the world because 2023 has been all about the rare breeds that have carried the stock market and now of course they look vulnerable, i want to get overseas were the biggest stocks in europe is be dismantled, this headline youre looking at is a reaction to this com
Dani good morning and happy friday edition of bloomberg daybreak europe. Im dani burger in london. U. S. Inflation reading, but San Francisco fed president mary daly says the bank has more work to do to combat rising prices. Country garden a penny stock after the largest Property Developer expects multi billion dollar loss for the first half of the year. Ubs has repaid the Credit Suisse liquidity assistance in full, and is voluntarily ending the 9 billion swiss franc government protection. Ubs confirming not only that they are not going to use the backstop, they are not using the safety net given to them by the swiss government. They are saving saying, take away the safety net. The first part was they have terminated the 9 billion swiss franc loss protection agreement. This was the backstop they needed to guarantee that they would acquire Credit Suisse. Second, they have terminated the public with quiddity backstop by smb, that was up to 100 billion swiss francs. The third point is the
Abramowicz some Jonathan Ferro your equity market on the s p 500 slightly negative this morning fantastic lineup looking ahead retail sales just around the corner. Earnings from home depot dropping across the bloomberg tomorrow. Numbers from target results from walmart on thursday. But once again this morning, we have to begin in china. Rate cuts bramo and the data not great at all. The biggest rate cuts going back to 2020. The data coming weaker across the board. Whether it has to do with retail sales, whether it has to do with industrial production. They scrapped their youth unemployment metric, which is not exactly encouraging. And now the question is, are they preparing a big enough stimulus to really stave off weakness that is much deeper than people expected . This is the right signal. The big question, youve alluded to it, whats next . Heres the commentary this morning from standard chartered. The cut has been aggressive from sogdian. This is unlikely to be the last measure. So,
5 chance it was so unlikely. You have children i have children. I have 12yearold boys who look up to both of these gentlemen and think of them as heroes. I dont want this to happen. This is a terrible idea. I think it would be fun to watch. Thats the appeal i get the appeal. Thats part of the problem you will see what will happen at recess after this. My concern is fighting after watching toy story. Lets show u. S. Equity futures at this hour were sitting here on monday morning and in the green nicely. 90 points higher on the dow. Nasdaq looking to open higher 7 points up. S p is up 17 points. Most importantly, more maybe not, we look at treasury yields as the guide to life right now, 4. 1 when you look at the 10year treasury the 2year treasury at 4. 846 you may remember where was the 30year with ackman statement . It was a week ago it was 4. 30 above where we are right now. Ackman last week or ackman in the pandemic last week oh. I dont know it peaked at 4. 30 last week it was in that
U. S. Equities will open higher 183 points higher. Nasdaq opening 107 points higher s p looking to open 25 points higher treasury yields sitting at 4. 011. The 2year treasury at 4. 79. We were down five of six days in the s p that is the case sdplchlt to see th z to see the markets showing the cp oi print. You think the mood is a mini bear i do totally. People are looking at this and the question is not a break in the trend, but how much of a break . Let me take cash off the table. I have been waiting so long. I dont mean the rally is over we were talking to different people 10 pullback would be healthy. Down 2 or 3 from the highs, yeah i thought it was tom lee who was talking about that 100point week now more choppy. I wonder if were in the chop. I think we might be. We have the key inflation data due at 8 30 a. M july cpi expected to rise. 20 on the month and 3. 3 for the headline for the year. We also have my personal favorite with jobless claims. Why is that your personal favorite